09th of March pair finally moved north after third rejection of strong support (three orange ticks) . Support is based on the Gap from beginning of June 2016. Pair is moving in range between 0.001500 and 0.0090000. I marked with two black parallel lines GAP which should hold further losses. This place is also very good entry point with SL set just below 0.008500...
23 we can see nice GAP combined with nice doji candle holds losses and pushed pair higher. Major support/resistance area with psychological number 50 (range between 50 and 44) was respected by market for a very long time. It was eventually broken by pair and tested twice during last three weeks with negative results (good bullish signal) . 12th of April pair...
Phasing out bat-week and taking on this butterfly:- we have an AB=CD pattern with a near-perfect butterfly forming within the BCD waves of the AB=CD. The D points both conclude bang on a weekly pivot line. Patterns on the daily chart are always reliable and i'll be looking for an entry on the 4hr after a signal candle. Happy Harmonising! AB=CD ratios C:...
I highlighted important GAP's on weekly chart. Round number 5 plays a big role as the major support for last year. Right now upper GAP is holding pair above 17. I would be surprised if the price went close to 5 again but if this will happen I will be the first one to buy in area between 10 and 5. Last big movement was stopped by last GAP at number 23. Green GAP is...
Hey, guys, Bat week is still in play; here we have a bullish bat on the euro-pound. Price has begun to move sideways and has entered into a pennant shape. The bat completes above a conservative support line- I probably would get away with pinning it on the D point but i'd like to stick to the wicks. Stop loss will be placed just below the X point, with a 3/1...
I posted Zcash idea for short position, which was based on the big GAP on daily interval. When I look closely I missed Fibonacci retracement I placed on the chart this time. It is clear that 50% makes strong support,and any losses were rejected by this level. If the Daily candle will close above this level and sustain price above it it is good sign that it will...
ETC moved higher for the last couple of weeks. Last big bullish candle moved pair over 3$. Pair is moving sideways. I marked 3 GAP's on the chart which are creating very strong support combined with psychological level 2.50$. It is quite possible that pair will move higher eventually breaking 3$. I would go long here with SL just beyond the longest shadow which...
I don’t think that harmonic pattern should be applied for this relative very young market. This kind of markets are often driven by strong emotions, where low volume lets create rapid movements up which are then erased by market in very short time. It looks like micro version of sub-prime crisis. I wouldn't trade bat pattern on its own but company of solid GAP...
Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March...
4H chart revealed some interesting price action. Psychological level (0.00001000 round number consolidated with GAP) mentioned in other idea was tested twice in last 2 weeks with negative results. Few candles managed to close above but these profits were quickly erased by market. Doji candles also indicated that market is strongly rejecting any further gains by...
I marked rounded bottom which was confirmed as the trend reversal formation. This kind of formation is very reliable most of the time. Pair is flirting with psychological level(0.00001000) which is consolidated with GAP from Daily chart. I think it is wise to wait a little bit to see what market will decide. I’m waiting for more confirmations.
Judging by the look of the chart it seems like that Decred had its moment. This is what I thought when price of BTC was 30 dollars and then it moved to over 100. I don't really know what moved price of the DCR so high. It is still probable that it will move higher but from my experience there is more chance that it will move south. GAP( two black parallel...
During the long term consolidation phase I was wondering what the market will do next. It was clear and simple that it will target the 1.6000 level. And then? Maybe a retracement? My idea is shown on the daily chart so everything should be clear in front of your eyes: 1. In the orange shadowed box there where the buy stop orders. 2. The gap confirmed the running...
Visible GAP from beginning of November has established strong resistance which hold the price below this level for the past 4 months. Chart shows two rejections on 4H and Daily interval with nice double top formation with accompany of doji candles. Pair has stopped depreciation around strong psychological level 0.0000100000 between mid of February to mid of March...
We can see here engulfing candle which established resistance for further losses. Engulfing candle alone is not a strong trend reversal signal but with round number (which seems to be much respected by crypto community) could be good point to enter with long position. It is possible that if price go north it will find strong selling pressure around GAP which is...