Keep an eye on this level: 1. Fibonacci Golden ratio 62% from smaller tip 2. Fibonacci retracement level 38% from the recent highs. 3. The trendline 4. The equal waves endpoint 5. Most powerful round number 1.00000 6. Previously worked support level becomes resistance 7. Different timeframe EMA's Really nice setup BUT definitely wait for a bearish candlestick...
Yesterday, Super Mario (Mario Draghi) made Euro weaker and a lot of EURxxx pairs dropped. EURNZD, Daily chart, candlestick pattern Evening Star (the most powerful candlestick pattern): If we look at those two last, green and red candles, then there is even 2in1. Evening Star and those two last ones form a bearish Engulfing. Yesterday's candle close completed...
Hi, First of all, followers and other TradingView users, I'd like to thank you for the support, it looks and it feels awesome to be TOP 1 analyst (author) and TOP 1 post owner on TradingView, so, thank you very much for that! Now, let's take a look at the current Bitcoin chart. After my call to buy BTC at $7930, the price has broken above my prementioned...
I have started to observe that marked blue box, inside of it I start to search confirmations. First of all, the blue box consists of: 1. Fibonacci Golden ratio 62% 2. Parallel channel projection 3. Equal waves 4. Fibonacci Extensions 127% & 161% 5. Round number 1.73000 6.* 2013 and 2016 yearly highs The confirmation (bearish candlestick pattern) has to come from...
Short-term trade! Wait for a breakout from the bullish chart pattern called Falling Wedge. At least 1H candle has to close above the upper trendline. The bounce came from pretty nice crossing area: - Fibonacci golden ratio - Old support level (red line) - Trendline (blue) - Pattern bottom trendline The trade should be triggered after the breakout, at least 1H...
Wait for a confirmation from 1H or 4H or even Daily. And the confirmation is a bearish candlestick pattern: Bearish Engulfing, Evening Star, Shooting Star, Bearish Railway Tracks, Spinning Top Some criteria matching each other in one area: - Trendline - Fibonacci levels - Previously worked resistance level - Different timeframe EMA's -* The gap: 80-90% of the...
Bullish Engulfing on the previous support area and RSI Divergence should work as a momentum indicator for a short-term bounce! Feel free to support my effort by hitting the "LIKE", it is my only fee from You! Best regards!
Keep an eye on this area, a lot of reversal criteria in one area (blue box): - Fibonacci levels - Fibonacci Extension - ABC Wave C point - Trendline retest after the breakout - Daily and 4H EMA 100 - Previously worked support levels are now resistances - A bit sloppy channel upper trendline Definitely, wait for a bearish candlestick formation because the USD...
A possible Sell opportunity: - yearly levels (2017 high) - trendline - strong area Wait for a rejection from smaller timeframes. If possible then wait for a confirmation from bearish candlestick patterns. Feel free to support my effort by hitting the "LIKE", it is my only fee from You! Best regards
I have struggled with further scenarios, after the bounce from my mentioned level at $7,930, because there are two, almost equal, resistance levels which can play an important role in the next movements. To be said, I'm still with mid-term bearish bias because of the Weekly bearish candlestick pattern Evening Star. The price can make another $150-$300 leg upwards...
Two day's ago we had a higher high candle close (the candle which got a close above $8,000), a few hours ago we got a higher high candle close on the 1H. This 1H candle was pretty powerful and the buyers pushed it straight through the blue counter trendline (down-trendline). Yesterday, I said that those two blue trendlines make a Triangle chart pattern. Triangle...
My last movements predictions have been quite perfect. The bounce areas and the breakout areas were nicely exploited and we had some nice movements. At the moment there are some big bearish signs from the higher timeframe, reversal area is not so perfectly identified but don't worry, we should catch some breakout trades. Let's start a bit deeper analysis: The...
Possibly, the price has printed a bullish chart pattern called Double Bottom on the $7,500. Possibly? Because the pattern gets triggered after the neckline break. Currently, the neckline is around $7,860 and if the 1H candle gets a close above the neckline then the chart pattern is valid. At the moment when I write this, the price is above the neckline BUT we...
Ripple has made an important breakout. The trendline since 10. May has broken on 4. June. It could be a sign that the current bull run, which has happened after the XRP Coinbase listing, starting to become over. The price action and some certain levels offer us several trading opportunities. There are reversal trades, there are breakout trade possibilities but...
The Bitcoin price has pushed the new Lower Low (LL) a bit lower into my mentioned (last idea post) support area at $7,500. The bounce has occurred, as slightly expected, and here we can start to see some interesting similarities compared with the movements on the top. Usually, I don't like to search those similarities but currently, they start to match perfectly...
The price has made a first Lower Low (LL) since February 2019! Yes, this constant growing without any significant lower lows has been going on for so long. I hope that you saw my yesterday's post where I warned you that this may occur. The first sign was a Lower High (LH) and the final warning came after the 1H candle got a close below the trendline. This...
Several rejections from the orange lines which have printed some bearish candlestick pattern: - Evening Star - Gravestone Doji (Shooting Star) - Railway Tracks All those have formed in the 4H chart and all those have formed around a pretty strong price level: multiple Monthly lows and Monthly highs have been in the orange area. A great bearish price action but...
The market has started a slight correction, a lot of altcoins and BTC has made some breakouts downwards. I would like to point out some areas from Litecoin chart, firstly a possible short-term(!!) bounce area around the $90. It has worked several times as a resistance and as a support level. Currently, it should start to work as a support and this area has...