- Overall total market cap is not looking good right now
- We can see this head and shoulders and also the descending triangle - 2 bearish patterns!
- I expect lower prices, also as you can see, we finished our Impulse Elliott Wave
- You can profit by this crash easily, just use futures market and enter a short position - I recommend SNX coin for example
Price has broken out of a 3 years triangle and has touched the top of the monthly Bollinger band for the first time since January 2018.
A very similar pattern occurred at the start of 2016 two years bullrun.
It is very hard to believe that this breakout is fake and price will "nuke" back under the triangle, since touching the upper BB band on the monthly is not...
The candles are about to meet:
-200 daily MA
-50 weekly MA
-Some resistance lines
It's Overbought (daily)
A nice correction wave has (almost?) formed
The last 2 daily candles look like the ones from early april
The blue rectangle seems like a nice place to sell.
Don't take my advice, these are just my thoughts
Potential upside to 1.618 if 0.618 holds
Looks very bullish
The pattern forming looks very suited for a large bull move like this one in bars pattern.
I believe the altcoin market is forming a giant bullflag.
The boycott topped the Arab and Islamic countries against French products, companies ... The share of France's exports to Islamic countries is about 37-100 of the total exports.
After the strongest Islamic economies in a province, there is fear of a drop in shares of French companies (Turkey, Saudi Arabia, Indonesia, Singapore, Egypt, Morocco, Malaysia, Iran,...
For anyone that was paying attention to TOTAL2 you would have recently seen a large wick down to ~80B
Bullish continuation is usually present after this occurs, as seen in previous wicks down
Looking for a sharp bullish move up
If the price will cross the Key Level we can open sell.
All highs are lower than previous and this situation looks like the start of the bearish trend.
The potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
This 3 day chart shows that we have had failures at all of the trend lines at at the %SMA oscillator. This tells me there is either more downside, or we need some sideways action to retest the trend lines and break them. We will be watching these closely. There is still a day left on these candles, but these are all pointing bearish.
Today we will examine the intermarket analysis that we did 2 days ago and update the tally for bullish, bearish, and neutral indicators. First we will cover TOTAL, TOTAL2, BTC, and ETH. Lets have a look!
Here we have an overall view of the market and a lot of neutral indicators. Anything labelled retest still needs to happen. Once the retest occurs, we will be...
I just wanted to point out today that we must not get blindsided by BTC moves.
We must look everywhere, and today I would like to point out to you that we have experienced the BIGGEST increase in the TOTAL market cap volume and that we might be very close to a very big move to the upside in the WHOLE crypto market.
Please manage your risk...
I thought I have a look at the total crypto market cap and see what's going on.
Here are my thoughts:
> WEEKLY chart: price action has so far found support and holding which has confluence with the weekly 21 EMA;
A retest of the support...
Whenever there is a possible trend flip, we want to look at any clues that we can to understand if there is going to be a change. In this chart we have TOTAL, TOTAL2, BTCUSD, and ETHUSD all compared to eachother. February 24th, 2020 is the date for "Volmageddon". Here we have 3 of the 4 breaking trend and going from bullish to bearish. The only one that stayed...