In this ALGO/BTC chart we can see a descending wedge forming and almost completeing. With this hour close if we close outside the wedge we could ALGO take a nice quick pop. In a few of the last patterns we can see on the same low time frame this isnt the first time algo has done this. It runs down and pumps up quite a bit. I think well take a bet it does the same...
Hello and welcome to my Trade Idea of the currency pair BTC/USD.
Lets start with the Top Down Analysis.
Monthly: The price is very bullish and the RES had got touched so be warned, a reversal can occur.
Weekly: On weekly we see a perfect bounce from the weekly support. Strong indicator that the trend is bullish.
Daily: On the daily timeframe we see a...
Today we are going to look at ETH/USD analysis on Bitfinex. ETH is now undertaking soft correction as well as all the other altcoins. However, where could the correction come to an end?
Trading is a game of probability and statistics and therefore we are going to introduce you to 2 possible scenarios and going to assign them a % chance to achieve...
2015... Break trend line, 8-EMA crosses up through the 55-EMA, price breaks 55-EMA and makes it support, price hits 61.8% level and drops to key support and then launches
Current... Break trend line, 8-EMA crosses up through the 55-EMA, price breaks 55-EMA and makes it support, price hits 61.8% level and drops to key support and then launches
The National Bank of Ukraine lowered its benchmark interest rate by 50 bps to 17 percent on July 18th of 2019, surprising markets who expected a 25bps reduction. It was the second rate cut this year, bringing borrowing costs to its lowest since June of 2018 and in line with reaching inflation target of 5%. Now price is 25.40 against USD. pattern wedge, which...
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Broken very well the support of this clear descending triangle. If we consider the height of this pattern the Risk Reward is 3.8/1 therefore seen the speed of the short positions with respect to the long ones, the return on the allocation is very fast if the target is reached.
50-50 bear market continuation / bull market start to me.
This type of pattern is a real possibility for Btc in case this is a bear market rally.
A retest of 3k, with the market beeing scared to buy there thinking it will keep on dropping below and going to 1k, which would be the exact moment where you want to actually buy.
Followed with a brutal V reversal as we...
Price really wants to go to $500, but the psychological affect of not wanting to buy at the top is weighting down on the price action.
As you can see based of volume, a lot of ppl bought pretty low, so they are in no hurry to sell. However, a lot of new buyers are not that eager to drop $500 on what used to cost on average $120. So i can expect some stronger than...
The decline from the Feb.’18 high of 1.2555 is identified as a counter-trend pattern (a)-(b)-(c) that ended primary wave 1(circle) from the early Jan.’17 rally. Since then, prices dropped rapidly to the late Aug.’18 low of 1.1301 whilst unfolding into a five-wave expanding-impulse pattern (a). Evidence of a five-wave impulse is usually enough to confirm...
Hello everyone. I was analysing this chart and I saw a really big opportunity to make some money. It was the big movement down and now it is correction and we can see that it is going to be the last (fifth) wave of the correction also we can see that RSI oversold
And my plan is
TAKE PROFIT - 129.675
BUY STOP - 128.819
STOP LOSS - 128.334