Hello Fellow traders,
Here to an other very simplistic yet very efficient BTC analysis.
I posted an idea yesterday telling you we where approching a major resistance point. Well the time has come and BTC has now confirmed this resistance by surprisingly and accuratly bouncing on our predicted key point. We now eye the prey with focus and patience. It might...
since TRON was traded mostly with BTC and ETH its will not go anywhere, if we see TRXUSD in the near future, it will significantly move the marketcap i think, so, what i will do with this crypto? according to the chart, we can see what make the market move before, all moving average met together, which is investor and trader were moved with the same idea, they...
What is Ethereum doing?
I'm evaluating these two markets (ETHUSD & ETHBTC) in one post
And the violet price line in the background is BTC
In the 1h chart we are seeing something cool
ETH for the breakthrough of its second max
ETH for the breakthrough of its second min
Kindof looks trapped in the corridor
These guys seem...
As predicted last week we saw a bearish breakout on the USDJPY. After hitting a previous level of inside structure support we started to see a retracement, followed by a bullish pennant pattern to close out our trading week. It'll be interesting to see what the JPY looks like at the open with all that's going on in the southern part of the US but assuming we see...
in front of you you see an hourly chart on EURGBP. The daily outlook of this pair brought me to such lower timeframes: we have a daily resistance here that could push price lower and we're moving in an overbought condition on RSI. This gave me reasons to believe it could be a reversal when i saw the retest failed at the first touch of that previous...
Gold is currently moving higher however, looking at the daily chart , we can see that the last down move on gold created a lower low. While that lower low was not significantly lower, it is still a sign of weakness & should be noted. We learned in Section 1 & 2 of my "How to read structure tutorial", when we should begin to look for a trend reversal & the simple...
Looking at th daily we see a completed BatPattern. The daily is too big for most traders however so they leave it off the radar.
If you move to a 240M TF you see that price is about to form a H&S Pattern which may serve as entry signal and orientation for Target and Stop Loss orders
Here is the thin with double bottom. Every Lower Low was initiall ya double bottom and every Higher High was a double top. Here, however, the DB is "confirmed" by price closing above the High between the bottoms.
If this DB will mark the new low and we will see higher prices then, entries can be found soon.
Furthermore, you see a potetnial Lorbeer Pattern forming
Looks like DoubleTop in Resitance after ABCD Retracement. This hase everything that a trend follower wants to see for conservative entry.
First we get the new swing low wich indicates more downside potential than upside - check
ABCD Retracement into Resistance (since C retraced deeply into AB, it is natural that D is a smaller Fib extention here 1.27 of AB...