4hr Chart shows the small broadening formation we are currently inside of
I would watch the price action closely in this broadening formation and the longer term formation from my last post and look for bullish reversals (ex. 2u-1-2d, etc) on the daily and weekly timeframes.
Keep in mind that the monthly timeframe is still red, my humble prediction for the...
This is a super pivotal moment for the bitcoin correction. The candle is currently holding support on the bottom trendline of the wedge. However it wouldn’t surprise me to see the candle send a brief wick down to the monthly 50ma (in orange) which is double reinforced support with the grey line of the logarithmic regression rainbow. I could see us sending a wick...
I found out a possible big accumulation for the next years in XRP to take in your eyes!!!
Because as we look, we're in the bear market that I suppose a crash to $0.22 cents.
I planning to buy a massive amount of XRP coins to hold and make a compound interest by long term. Because I see in the future a good opportunity that I can't to miss in this...
The price is testing the monthly level after a breakout from the daily support.
On the 4h timeframe the price lost the dynamic support inside the descending channel.
How to approach it?
The price could have a pullback until the previous daily support now new resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple...
The XRPETH monthly chart does look like it needs to make a decision soon. To the me that decision seems like it will be a breakout upward, but of course these kind of pairs charts don’t behave anywhere close to as predictable as the usd pairs seem too so this pattern may not trigger like it usually does in traditional TA. Regardless even if it does break upward,...
In my analysis of USD/CAD on the DAILY CHART, This currency pair is currently Ranging from price $1.27863 to $1.26646. On the lower time frames, price may continue to move to the area of resistance of $1.27863 and down to $1.26646. Looking at the Monthly chart price was retracing as it hit the area of resistance. Price may turn around and continue moving...
On the log chart we can see xrpusd has been in this rising channel since it’s inception. Now, if it were to revisit the top trendline again the lowest price we would reach it at would be $138. Odds are it would retest the top trendline way later than that though. I know this price seems absolutely absurd but thats what this pattern is calling for. I will have...
Ok so at this moment this thing is still speculative even though it is indeed a valid bullflag in its current form…,if it doesn’t break up out of the bull flag on the next retest of the top trendline then odds are pretty good the flag will then start to grow too long get nullified as a flag. It would still be valid as a rising channel though. Anyways, let’s say...
When Will I See You Again? and Patience is a Virgo
TL; DR - waiting for the Coppock Curve indicator to hit 0 on the monthly chart has proven to be an excellent move so far for long term buying of BTC.
What is the Coppock Curve indicator?
+ Coppock, the founder of Trendex Research in San Antonio, Texas, was an economist. He had been asked by the...
Looking at the monthly log chart on bitcoin I have pieced together a bit channel that has on the monthly alone over 13 significant touches rom price action. Based on Plan B’s prediction of 280k or so this bull run plus many of tech dev’s charts that suggest we could reach a target of somewhere between 270-300k, I used my own knowledge of basic TA, to assume that...
Well, Monthly Chart doesn't look bullish anymore. we'll see in 6 to 12 months
What do you think?
NOTES:
- Just my thoughts, not financial advice
- The last candle just started.
- Monthly Chart... check scale (Time)
- Logarithmic Scale
In the current situation of global energy crisis, Target of $90 for WTI Crude oil seems pretty legit in the coming month and if situation worsen then $110 for sure in coming 6 months
Reasons for bull run:
- energy crisis leading to low supply high demand
- big volume coming in bullish rally than in the downfall in intraday chart
- No positive news to overcome the...
Will be Updated During the next days for possible trade opportunity Stay Tuned (BE SURE THAT FOLLOW ME TO GET NOTIFICATION)
If like this and if help you with your trading Please Like, Share, Follow and comment that give me motivation to make another Market analysis and trading ideas
If you have some suggestion, comment or other opinion feel free to write it in...
