Today we have MAID/BTC on the daily chart, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief technical overview.
As you can see during 2015 we experienced a move from 0.00002000 to 0.00029400 within 4-5 months which is around a 1300% increase in price.
Currently, price is respecting the 0.618 retracement...
Today we have BTC/USD on the daily chart, I'd like to give you all a brief overview of my current view ahead of the 1st of August.
As you can see price has created several key areas of support and resistance which we can use to our advantage.
Currently, price is trading in between $3,000 and the minor support trendline , this area turned into support around...
It's great to be back posting regularly, today I'll be analysing the similarities in market cycles for bitcoin.
For reference we have two charts we are going to be focusing on (use the two for comparison).
Chart #1: 2011-2014 (all time high $1160)
Chart #2: 2015-2017 (all time high $3000)
The analysis displayed in front of you is similar to my Siacoin...
Hello everyone, I hope you all had an excellent trading week!
Today's analysis is a follow up from my successful prediction for Siacoin (chart is shown below) before the minor altcoin crash throughout July.
After reaching 840 we started a steep decline towards the mid 200's.
Now that price has stabilised I'm looking for opportunities to get back in on the...
Another JPY shorting opportunity, it seems to be bat week :) this time we have CAD/JPY on the 4h chart.
All-round excellent opportunity with over 1:3 risk to reward.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I'm currently short on NZD/JPY.
Hello traders, here we have NZD/JPY on the daily chart with a potential bearish bat pattern.
All-round excellent opportunity with over 1:3 risk to reward.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I'll be looking for additional confirmation before taking the trade!
What's up everyone, here we have AUD/JPY with two bearish bat patterns on the 4h chart.
Excellent opportunity with over 1:3 risk to reward.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
Price has dropped from the first reversal area, I'm expecting one more move up to test...
I'm back with another market insight on cryptocurrencies, today I'm on the daily chart with STEEM/BTC.
As many of you already know I recently started contributing on Steemit throughout June, you can follow me @lewisglasgow.
I see a lot of potential in their platform and cryptocurrency, although it is not ready for mass adoption it certainly has many positives...
Hello traders, here we have a bullish 5-0 pattern on the 4h timeframe with NZD/USD.
Price just formed a valid C point at the minimum 1.618 level which aligns with a valid bearish shark pattern, which has opened up a shorting opportunity from C to D.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Taking a...
Here we have another 5-0 pattern but this time on the 4h timeframe with GBP/AUD.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
Price formed the C point at 2.0 and has started the decline towards D, keep an eye on this setup over the next couple of weeks.
I hope you all have a great day :)
Hello traders, following up from my successful prediction for Siacoin (chart is shown below), I'm now looking at the bigger picture for potential moves throughout June.
As you can see from the 1h chart, price exceeded the high at 590 and peaked around 740, followed by a 30% decrease in price.
This has provided an excellent outlook going forward as I can...
What's up everyone, here we have AUD/NZD with a bullish bat pattern on the 4h chart.
Excellent opportunity with over 1:3 risk to reward.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50 (price closed below the 50% but I would still consider the structure valid)
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The D point...
Today we have SC/BTC on the 15m chart, as there is not a lot of data for this asset, however, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief overview.
As you can see price is creating several key areas of support and resistance which we can use to our advantage.
Currently, price is trading in between...
Interesting setup on the daily chart for USOIL which appears to be trading within a descending channel, price recently broke a solid support trendline which had been holding for around 12 months.
It will be interesting to see if price respects this structure going forward.
The main purpose of this post is to highlight the key price structure within the market......
Hello traders, here we have CAD/CHF with a bullish bat and bullish AB=CD on the 4h chart.
Excellent opportunity with over 1:3 risk to reward.
I'm looking for a second entry on this move.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The D point completes on a level of...
Hello traders, following up from my price structure post for STR/BTC (chart is shown below), I have now spotted a bearish three drives pattern indicating a move up to 3670.
Price completed the 2nd price drive at 1.56 and we're now in the middle of the 3rd price drive which I am currently capitalising on.
As shown below price is currently consolidating...
There are some amazing setups forming on the charts, here we have USOIL on the 4h chart with a bullish gartley.
Price has broken the daily trendline, I'm expecting a pullback upon completion of the gartley pattern before continuing the move lower.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618...
What's up everyone, here we have EUR/GBP with a bearish bat pattern on the 1h chart .
Excellent opportunity with over 1:4 risk to reward.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The B point formed at a key level in the market, therefore I'm using this as my mid-way...
