BITSTAMP:BTCUSD In this video I look at chart pattern possibilities, including the text book break down from the recent Inverse H&S Pattern reaching its target to the tick! This target hit the ATH 50% Fib., to the tick practically! Also, I highlight the potential Inverse Cup & Handle Pattern I'm seeing develop. As of this report $BTC has retraced 50% from swing...
LT Found support around 950 & 50 Day Moving average supports on
LT 4hr candle showing evening star at the dynamic resistance level have to watch on mondy if it dint give breakout it could go to dynamic support (and we can short)
Buy above 970 given breakout with volume , have mentioned the fibo levels in the chart . The trend line will act as support support and can be bough in dips. Have added at these levels , we should see the long pending move now
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Mentioned the levels in chart
LT Weekly trend chart ! If #market #trend and fear continues for few days due to #Corona Virus, #LT will soon touch the nearest trend line that is around @1050. Will continue short position till target @1050 with a stop loss price @1200
LT trading in range will give big move either side mostly downs side after breakdown. watch for the price and levels to take trade
ONE MORE FLAG AND POLE PATTERN
Long Term trade: Negative divergence spotted on EUR/GBP - Waiting for short opportunity
Bullish divergence found in LT on the daily chart. Confirmation is above 1545 with 1495 sl. Next run will be huge on breakout
As I previously mentioned in the previous analysis (check the related idea!), Ethereum is moving the market up. The good thing is that there is a big chance, this is not over. Last resistance sitting in the 160 area, but I'd bet we will break also that one soon. After that, Ethereum could rally in a short period of time over 200$, and then sitting in the 200$...
The price action is been ranging from 1516-1460, about range of 60 points for a while and now I could see a cracking or breaking of it that indicates weakness and bearishness. I would suggest to short for now with a stop loss at 1485. Target 1400