Nice uptrending support line has held the entire year. Price compressed into the trendline 4 and 3 weeks ago, hammering out weekly closes.
Next step is a breakout and run to 1.618 extension of the last swing high to the intermediate low set in the summer.
Don't sleep on it, don't miss the rocket.
Good Morning traders!
I hope you had a great weekend.
Mine was busy, just like the crypto markets. However the more they change the more they stay the safe. Price continues to be held EXACTLY at the area I highlighted, this is because we the market respects the areas filled with orders.
Currently I can see 2 options for price movement.
Orders are protected and...
Good Morning traders!
Price has again lined up with the forecast I outlined yesterday. I do not claim to be right all the time however recent PA has been reasonably predictable which has been a great thing, I hope you are learning!
Looking towards today we have a VERY obvious area for potential mitigation, these bearish orders have never been protected, as...
Good Morning traders!
Welcome to a new week!
Todays ETH forecast will be short but sweet.
After the big push last week we continue to build orders, which means another large move is likely.
I expect orders to continue to build for a few more days, as always retail traders will be predictable a place stops over the highs and over the lows.
For whales and...
HEAD AND SHOULDER FORMATION
Stoploss below neckline
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
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🟢 Forex Pair :
⚪ Technical Analysis :
Since the beginning of February 2021, the price has been moving with a nice uptrend,...
Hi guys! 👋🏻
Yeah, I know it wasn't a symmetrical triangle, it was a Flag pattern being formed.
🔔 Cryptocurrency market drew its attention to policymakers and lawmakers once again after the purchase of the $1.5 billion worth of Bitcoin by Tesla, claiming that the company will start accepting Bitcoin for it’s products. Now it looks like another giant corporation,...
What an extraordinary time we live in! In less than 2 months Elon Must managed to change the crypto world. With the power of a tweet, he managed to double his crypto assets value. And he is not getting a sizable fine! If any of my dear readers remember, last time he performed a similar stunt tweeting about taking Tesla private, he received a $20m fine for market...
This Monday morning is soo exciting! ETH has thrown quite a few jabs last Sunday driving volatility and kicking traders out of their beds 😄
Looking at the market data one could find ways to explain the dip and bounce back would be perfectly reasonable. Except for ETH futures announcement. Here it gets more complicated. You would think that positive publicity would...
Phew! What a morning! Just look at those numbers! Volatility! 🤑
Now we all are super hyped with recent ETH success to break ATH God knows how many times in the last 48hrs. That is fantastic!
However, if it all stopped there and the price would be stable - we would not be here! Daily traders need volatility.
What's so special about volatility I hear you saying?...
Wednesday and Thursday market disruption continues. The pattern is switching mid-cycle making everyone uncomfortable. Thanks to everyone dropping me messages and sending screenshots of whales spoofing the market with 100-200 BTC bids at a mid-price point. I feel your pain, it does suck.
Friday FOMO is on, position is long. Todays's forecast shows highs of 1410...
1. Short ETHUSD from 1206 to 985-908. Take profit at any point you feel is enough there.
2. Wait for a pullback to 1145-1180 price range and get ready for another short targeting 833.
- Once price reaches the 980 price region in the green box , wait for a breakdown.
-If the price rejects the box and closes an hourly above the green box then put stop loss...
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We got a nice descending trendline coming in here on ETHUSD.
Looking very nice after a break of the line to run first to 416,5
and after that a break towards the 440 range again.
Fib and target of the channel and fibonacci retracement approximately 426!