Hello Successful Traders, Considering the current uproar in PA (Price Action), an imminent correction may take place within the next few hours. Be Conscientious and Stick To Your Trading Plan*** Not Investment Advice. For Analytical and Educational Purposes Only -LionGate
Appearing to be a significant and subtle sell off here. Be diligent and stick to your trading plan. -LionGate
Hi Traders, We are still watching the price to take our long term sells. Watch for price action on lower time frame 15min or 5min Timeframe. MAY THE PROFIT BE WITH YOU
Ethereum is very shy. Generally, it looks much better than for example Litecoin or Cardano, at least at the moment. We already know what these very slow escapes from Falling Wedges can be a sign of a beginning accumulation (!). The absolute key-level to overcome for ETH is the price of $180 and after that the $200 to produce a higher high and initiate the next...
Well, I'm happy with this reaction since I wouldn't be so optimistic with BTC for the rest of the 2019 if we had broken 9k. Anyway, I would expect some resistance at the W resistance I draw, and expect a monthly closure > 13.8k to look for higher ranges. The bullish orderblock worked fine, and I expect the bearish to do so, since it would be the last path to...
Hello and welcome, In this long-term analysis of the bitcoin daily chart I'll explain why bitcoin may well break up to test $14000 in the coming weeks. I'll also use the RSI to help us identify potential entry points. Bitcoin uptrend confirmed you say? That's correct, in my previous post on August 15, I outlined the three options I saw for BTC going...
Hello everyone and welcome. The goal of this post is to ascertain the significance of the logarithmic chart in terms of historical trend lines and Technical Analysis. Investopedia describes the logarithmic price scale as the "price spacing on the vertical or y-axis dependent on the percentage of change in the underlying asset's price". Makes sense. So what...
Looking here at the 4hr chart of price showing evidence of price turning. We have supply removed and breaks of trend line.
Hello Successful Traders, As the time is approaching, for some of us we have been anticipating the announcement of the Earnings Report. Tomorrow at 8:00 A.M. EST, the company will release it's report. Await confirmation prior to entering the market. Resistance Level 2 - (0.40 - 0.50) 10 cent interval Resistance Level 1 - (0.33 - 0.40) 7 cent interval Key...
Bitcoin bounced off the key-level support and Quarterly Pivot forming the final horizontal for the rather bearish descending triangle and this happened with rising bullish volume. At the moment it is again (as we already experienced many times during this consolidation) stuck at September´s Monthly Pivot, which is roughly $300 lower than August´s due to the...
Seems like a good entry using indicators, I would take x20 leverage. Any comments/suggestions are welcome
please refer to photo for analysis.
As expected Ethereum did go lower and hit major support now. Not only that the falling wedge is on the last days, but also the Quarterly Pivot Support 1 and the Monthly Pivot Support 1 (which is going to change tomorrow) are now anchors for ETH. Going any lower than this, will change my future-thoughts about the mid-term development of the entire market, not only...
Hey! This time I will keep it simple, since things are approaching to what seems to be the end of the chop, to come back to a trend. ATM I'm hedged at 10400's, my target are T1 10150/T2 9600, but still macro bullish. I don't see a cool demand at this level, so I expect a pullback into a liquidity pool. That pullback might or might not find a supportive area on...
Just educational, low volume, RSI has room to fall, and expected downward trend to be continued. Any comments/sugestions are welcome
Good morning, "someone" had something against the breakdown of this major symmetrical triangle and pushed the price up to the very important Apex Median of this big symmetrical triangle, that still looks very valid. Especially after the last two spot landings on the ascending support and the reversal, the triangle looks strong. This means nothing else, then: Any...
Hi Traders, this post is an example how to trade a trending market and you can find the trend. MA is Moving Average. I use MA8 blue, MA21 red, MA54 yellow. Take a look of the bull flags, I have drawing this. I wish you a sucessfull trading week. Stefan Forex
Nothing to do for a bit, notes are on the chart