Litecoin failed to hold our lines (see last post on Litecoin). We have one more critical support at $42. We break that and I am out and bearish on Litecoin again. Good luck Litecoin longs!
Looks like Bitcoin has decided to consolidate. Here are the two levels I am hoping we drop down to. The bottom two ($3410 and $3263) represent an excellent buying opportunity if we can get there.
As expected, our trendline held. We bounced: Trendline continues to hold support. A good sign. Bullish pendant pattern forming. Also bullish. Here's what I expect from Bitcoin according to our charts: 1) Break $2980 before Aug 1 and then come back down and bounce off it and up after. 2) Bounce around in here for a few more days before breaking up and...
Bitcoin is on a tear! These bulls don't want to rest. There will not be many more chances while we consolidate slightly here to hop on this train for a mad ride up to $4000 plus. However, if we do rest in the next couple days, look to buy at any price between now (currently $3446) down to $3146 and in the next 3-6 days. Consolidation won't last longer than this....
If you draw a trend line, you can see that the previous high is the next barking on the chart. I do not pretend to be accurate, but with the action of this dependence, we are expected in the future from x1.5 to x2
BTC is on freefall and already broke the 2550 support. Testing now the 200MA support @2450, and then moving for the 2400. It's a fairly strong support considering the convergence of the ascending trendline that traces back to march 2017 + the ichimoko. Anything can happen in the next few candles. I'm holding on fiat until a new clear trend show up. Recent support...
Here we goooo !
Now we have this opportunity on this Bat Pattern and on this trade i going to take the first profits on .382 (fibo retracement) and the second target on .618 (fibo retracement ) ...So this trade i made it by the book :)
Hello folks, been a while since i planned my gold trades and while some might be intuitive it's always better idea to plan carefully. Since my last update some gold made another run for the 1290s, beginning of June, after somewhat steady May with a lot of bears actions keeping it from reaching 1280. The wave is over and we are reaching downwards, with a target...
Price has broke and is retesting monthly level. I will be looking for entry signals on lower timeframes like 1H or 2H weekly res. 0.90 target
I entered long after retest on lower time frame monthly levels as targets. (entering on daily close)
Following yesterday's minor dip (not considered as a dip since it was testing support (source: twitter.com )), I reviewed how ether reacted after major liftoffs (i.e.: 19th May / 9th of June, based on our general LT supports & resistance (in complete line trends) and averaging this month's trending supports and resistance (in green and red --- trends), I'm very...
My long trade, price broke out of my purple zone and also its on its way to making new highs. 1.556 TP 1.51045 SL
As Bitcoin is trading at the all-time-highs, it's necessary to make an assessment of the targets for the long position. If we look back we can see that during the last rally BTCUSD made around 261% of the preceding correction: Now, as BTCUSD almost passed 161% level and assuming that history will repeat itself, we could expect the next "big" stop on our...
AUDNZD long term - we have a clear bearish trend. Short-term correction phase near FIBO 50% We might have a stall phase. placing an order to sell the break of fibo level. Technical indicator RSI+MA turning around OB zone, Once RSI will pickup a bearish momentum which will confirm the projected movement for a new short position. TG and SL on the chart!
The USD/CHF have a huge downside trend. On the 1 hour chart you can see a smaller downside trend that can be trade.