What a tight squeeze here on the bollinger bands. The prices haven't moved at all in almost two days. This isn't just for BTC USDT, but for the entire market! For comparison I added some major market caps here as well. And you can see they have also been completely on halt. However, we can see a small spike of volatility here on the most recent candle. I expect...
Bat is going down again here in this channel after seeing a significant upwards spike of 100%+. Surprisingly, the coin didn't suffer much during the Corona crisis. However, you could argue it's already priced in as we're looking at the BTC pair here and not the USD pair. I expect the price will continue to go downwards for a while until we reach a very...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. The price of the extremely volatile BAND coin is currently moving between the areas of resistance (0.0000600) and support (0.0000415). Since we've seen the price bouncing off this support zone multiple times before, and we also observe a confirmatory bounce on the current hit of the...
GBPCHF Hitting this extremely important resistance here going back one year all the way until July 2019. This will be a pivotal for GBPCHF. It needs to show now if the bulls have enough strength to continue the recent uptrend that started after hitting extreme lows. We will find out by monitoring this level. If they can break through, we can expect a very...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We find an RSI Bullish Divergence here on ATOM. This happens when the price makes a lower low, while the RSI makes a higher low. This indicates an unsustainable decrease in price, where the momentum is slowly resetting. This is a bullish signal and that's why I close this idea with the...
Make sure you enter this trade before the market closes. You only have 1 hour left! The price has bounced three times off the horizontal support of the descending triangle. Each bounce was slightly less strong, which denotes the characteristic of the triangle. The bounces were respectively ~4%, ~3%, and ~1.5%. Now that the triangle broke, we can see that bears...
This is part 2 in an ongoing analysis on CAD CHF. This support and resistance set up has played out very nicely so far. I decided to keep the line on my chart from the previous analysis so you understand the progression and the narrative. CADCHF Has finally shown us a temporary low in this massive bearish trend. This is not an easy moment to trade, there can be...
Hello my fellow traders, hope you'll making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. The pair did breakout from its rising wedge and took a reverse after hitting its resistance zone. As far our analysis, one can take take a sell signal while keeping TP at 132.000 Let us know your...
What is important to realize here is that we first need to wait before entering this trade. The price is closing in on the resistance level, and we can simply wait and observe the behavior before entering the trade. Let's go through the two scenarios. 1) The Bullish Scenario. If the price breaks through the horizontal resistance we can expect a continuation of...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We can see a nice opportunity here for a quick scalp after EUR JPY has hit the horizontal support zone for the fifth time. The price has confirmed a rejection and looks to be in a temporary uptrend now. I suggest to put the take profit directly under the support/resistance flip...
Hi all, The Trading Guru is back here with a bearish scenario on BAT. After the big pump 4 days ago, we have seen several attempts of bringing the price down. Each attempt resulted in a bounce off around the 0.00002180 zone. However, every subsequent bounce has been slightly weaker. This is a very bearish signal, and is called a descending triangle. I expect the...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We just got a very strong rejection on GBPCHF after the price made an RSI Bearish Divergence. This means that a temporary top might have been printed, and a new bearish downtrend can start. --- What is The Quick Update Series All About? --- I am starting a new tag...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy ENJ and...
In these uncertain times, it always feels good buying gold. Now that global markets have been in such a positive rally, gold has risen in price as well. For this trade, I propose a simple set up. We will try to monetize the bullish scenario, where we assume the trend will keep pushing the price up, perhaps with a small retracement inbetween towards a newly found...
I am using a new approach here. I noticed that many of my support and resistance reversals don't work out on forex recently. On Cryptocurrencies they perform extremely well. For this trade, I'm using Heikin Ashi candles to help with identifying the trend. Also, I will assume the uptrend will last for at least as long as the first zone of resistance, instead of...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. Just found this support zone for ZEC that already got confirmed with a small bullish candle on the 5m, leading to a nice scalp opportunity. See the chart for information on stop loss, take profit, and entry positions. --- What is The Quick Update Series All About? --- I...
I was looking at this support zone for a while now. After a 6% price gain in about 24h, the price kept dropping and dropping rapidly. Finally it found support which made the bears temporarily leave. I see two important resistance zones directly above it, to which I expect the price to increase. Now that the hit of the support zone seems like a possible reversal...
The Trading-Guru here with an update on EOS. There are three things that stand out on this chart: 1) The bollinger bands squeeze. Indicating local volatility, a squeeze in the BB shows that there is less certainty over the direction of the price and the volatility is dropping rapidly. There is almost no movement anymore in any direction. 2) Decrease in volume....