Bitcoin´s "Symmetrical Triangle", together with the current trend it has a slightly better chance to break upwards. This is not a forecast as usual. Everything you need to know is explained in the chart. Remember there is always a chance pattern will not work out. Note: This is a log chart, targets are measured with $ not...
Good morning, from my side (cause I do see it happening again and again), a little reminder of how Head & Shoulders is looking like and how you should draw it. Too often misused and misunderstood, I don´t wonder why most of the trader´s or technical analyst youngsters are not successfull trying to trade this. The same rules apply to an inverted Head & Shoulders....
Ethereum did not manage to overcome the "BO-Level" after it bounced off a former breakout-bevel and is yet not showing any signs of recovery. It´s the opposite, producing a trend-follow H/T right now, was not a very good start also maybe printing a hidden bearish divergence today. No reversal signs are seen on Daily so far. Although passively sitting on a rather...
If EURGBP moved up it it is probable to go upper regression area, If EURGBP moved down breaking this rectangle level and retested then it is probable to move down further. Already we booked lot of pips shorting EURGBP since Aug 15. Let's watch what happening.
Good morning guys, sorry if I am a little quiet at the moment, still struggling a bit here. Anyhow, I am aware a lot of traders already called the bottom and classified bitcoin´s recovery as break-out. I´d be very careful with this, due to the fact we are just in front of the very important Monthly Pivot, that usually has the ability to turn the picture very...
Good morning guys, Thank you for your well-wishes guys here and via DM, really sweet! No, it´s nothing serious. :-) Bitcoin by the looks accepted the red secondary trendline (and the yellow box) as new resistance. The former A&E-Bottom plus the Quarterly Pivot seem to be our target for a daily close. This is a very strong key-level, where it is going to needed...
Bitcoin has made all its way down in only two days and now hitting the formerly mentioned potential bullish triangle support. This is a very hard approach that needs to be smoothed by a green candle tomorrow otherwise, the next support target is around $9500, where it would be immensely important not to fall through to keep the bullish trend alive. The monthly...
Looking at the Daily interval of Bitcoin, we find now the formerly mentioned triangle-support just below us and in reach. Yesterday´s supports did not hold, so obviously it becomes more likely we at least can go to down to that yellow diagonal, where it crosses a secondary trendline. If we are hitting that, we need to wait for potential reversal signs. The "PB" -...
One of the biggest problems newbie traders face is FOMO - the fear of missing out. Case in point is $REKR. Now, we get in at $1.20 and rode it all the way to $5.50 a share. We saw the resistance at $5.50 and new that was where to exit. On Stocktwits, a lot of traders are chasing $REKR looking for the next move. In all honesty, the move has already happened. We...
Currently, ETHUSD is holding above this very important support-line but seems to struggle to bounce off it. Looking at bitcoin and it´s potential to go lower, trader´s who are long on Ethereum should start reconsidering their position in case they were not able to set tight stop losses. Also, the Ichimoku-Cloud is about to turn, on 3D this would not be from...
Bitcoin barely making anything interesting, but as you know this can change fast, keep a good eye on the red diagonal and the break-down level for confirmations of short-term direction. Market dominance is stable and targets above and supports below remain the same. You should all use the time in between to do something cool! Set alerts and get away from the...
It´s Sunday and usually a day, where moves can happen to form the weekly close. The weekly close is always important for the upcoming week. After yesterday´s triangle break-down there are a couple of different ways to go and honestly, everyone has a different opinion, which is usually a very strong sign, that the market is indeed as undecided as it looks. There...
Good morning guys, if we are looking at Cardano, I´d like to show how something that is called "Reversal Wedge" as many of you might know already. Currently looking at the H6 interval we have some good hints, that Cardano might form one of these, due to the last resistance bounce (Wedge High 3). For further confirmation, please look yourself at the chart: We...
For now, the formerly mentioned support is holding, are we going to attack the $100 again? Litecoin will need to hop over this former breakdown-level. We are talking about quite a range here going into the 10-20% which is for some people just too much risk to take for any sort of decision right now, which generally can lead to some sideways / ascending triangle...
- The setups shown in this video are all in Hindsight. I did not take all the setups detailed in the video. - Learn to train yourself to see these examples by going through Price Action from the past and you will be able to see these form in real time and react accordingly. Common names people give to thses setups: Supply and Demand, Support and Resistance,...
Hey, I update the chart. I expect resistances at the areas, but aiming around 16k target. Probably 17 with some impulsive extension. Will keep updates about entries.
After every single diagonal trendline resistance has been broken with no effort thanks to the Adam & Eve bullishness, the price just hits the last trendline resistance, that could end the A&E play-offs pre-mature, although Bitcoin looks very strong and I don´t really see why we should end this before max-targets. None of us knows currently, where the shorters will...
"The Market cannot hurt Me. I can only hurt my Self!" - Josh Ridenour There is a Time for Losing - The 29th verse of the Tao Te Ching is about how there is a time for everything in life. A time for being ahead, a time for being behind. In the market, there is also a time for everything. A time for large profits, small profits, break even trades, losers,...