The price is consolidating through a descending channel. Kumo is wide, kijun, tenkan, are acting as resistance and have been moving sideways. ADX confirms the strength of this downtrend is strong and the width of the DIs indicate that it has possible room to go. Stochastic had and TRIX are very oversold but do not look as if they will be have any strong bull...
Here we can observe a Triangle Formation with many large Bearish candlesticks and occasional high volatility causes price to swing up to psychological areas on the chart. Detailed Description to be created June 19 I appreciate you like this Technical Analysis! I am not a Financial Advisor and you must accept full responsibility for any investment decisions you...
As always I like to look at things in no smaller than six month time frames. The longer the better in general. I even remember 20 something odd years ago when an investment instructor told me that "if you're investing you shouldn't be looking at a time frame of less than 5 years." Let's apply this to our general way of thinking. When the housing market bubble...
So for about 6 months now we have not seen exponential growth. Call it what you will. I think I will call it a "bitcoin recession." For two quarters we have not seen the kind of positive growth we have come to expect, however, compare what we have now to this time last year and you should still be a very happy camper. If you've been HODLing of course and even...
Stochastic RSI has a great double bottom forming on it showing heavily oversold conditions. This is confirmed by the Bollinger Bands. The price has been riding the bottom band we should expect a Bollinger Bounce to happen near the strong psychological levels at the .236 fib area. DIs are bearish and the downtrend is mildly strong. Watch for wicks on the next...
ZEC saw some very intense buying action during it's time at Consensus. Price shattered through the Kumo and is still stabilizing. Stochastic/MACD/TRIX all showing bullish signals although, Stochastic is nearing its top and we could see price back down to previous psychological support before deciding where to go next.
Overall the price has been in an ascending channel with well defined psychological support and resistance as seen by our blue trendlines. This falls in line perfectly between roughly the 0.786 and 1 fib levels. Ichimoku - The clouds senkou lines have been rising. This tells us the average price equilibrium is rising. Strong supports on these levels as they align...
'Return to normal' phase right now? Look at shape and volume I now agree (albeit a bit late) Loops and Rivers&Mountains. Bubble chart is a meme and so is log chart, but 2 memes make a right techcrunch.com People are psychologically anchored to high BTC values from the 20k run. BTC could easily go back and test where it came from (ie. low 4-digits to...
Go with the whales. I want to start an open discussion on the psychological side that whales love to manipulate so nicely. (this goes for little whales on alts as well) We all know that whales eat tiny fish that are really tasty. And so if you don't want to be eaten do not stand in their way. It's as simple as that. But the natural question that occurs in one's...
Markets are dominated by psychology, and this can easily be seen in price action when there are either good news or bad news for an asset. The majority might not really care about the news itself, but they will try to predict other people caring, and make their move on this. Some other people will then see a small move in the direction of the news and FOMO into...
Room to fall down to .382 fib level. ADX bear cross Stoch should range before it diverges in a bullish fashion.
Price will most likely retrace to 0.236 If it does and volume becomes increasingly bullish then watch for a bounce off the triangle bottom.
I don't really follow all technical analysis methos. How I do my predictions is based mostly on psychology. Patterns that look like they would repeat - but go the other way around just to form nice traps. And such. I do my chart analysis based on how I feel what could be right and so far I have been correct quite a few times. Not always being like 1min chart...
Update on my SECULAR EUROUSD Short. After having clearly failed to break the secular downtrend channel at 1.2500 I continue to stress that EURUSD is overbought, both technically and by the record number of long option contracts. Please do not get caught long EURO and continue to sell on bounces. I trade it daily and been trading it for ages, obviously I rely on...
Everybody is interested to find out where BTCUSD is going!! Well, if you only knew where it was heading you'd have an edge on the rest of the world and make loadsah money - right? Too often on Tradingview and other places - even among some so-called expert traders and trainers - I've heard the words, " I predict.... blah blah... ". These are the folk who claim to...
Dear Friends! D4rkEnergY is here with an exiting update on Bitcoin. But before D4 will jump in, he will spread some wisdom to you guys. So trading is basically like quantum-mechanics. Have you ever heard about Heisenberg's Uncertainty Principle? It is one of the most famous ideas and principles in physics. It tells us that there is a fuzziness in nature, a...