this must be the break down to 7.2 if breached from above we can move new upward movement to 9k
first im not experienced TA in trading but just looked from a technical mechanical curve theory Briefly i see that Bitcoin Never reached 20k in real and the right value nowadays about 10k-11k I Assumed that the area in red box is just a resonance period kindly google it (resonance curve) which caused buy a forcing pump to 20k USD let us assumed bitcoin just...
Down trend continue mini abc trap
RDD/BTC You may have seen this in the past when the order and sell books fill up either side with large orders. If you enter into this coin you won't be able to sell out unless you lose 1 sat per coin you hold. The books have been loaded and you will be trapped this is on Bittrex. This is a warning to all traders check buy and sell books before you buy! Make...
Looking at the depth chart on GDAX, I'm seeing a huge what looks like artificial Sell Wall at $9000 then a staggered smoother incline up until around $10k. Anyone else see this as an indication that there will be a downward deflection around $9k - $10k, looking for another bottom?
Go head, work it girl!!!!!! I'm still holding my buy and I'm cool with whatever, but do you see how and why these patterns form?? And keep in mind that running triangle can become a bigger one with one more little move down to break trend line. But I bet there's a lot of sells with there stop above the high it made..........
The end of the downtrend? Well, maybe not yet, but we see a spike and channel formation. How to trade this formation? The sharp drop from 11.000 to 9.900 is the spike on the 30m chart. At the end of this movement you could see a downtrend channel, but that channel was quickly broken when BTC made two nearly equal legs up to 10.500. This is not a place to go...
The perfect bull trap occurred in BTC: After several hours of sideways movement in a tight range of 150 points, BTC broke the short term downtrend channel, and pushed higher. This was followed by a pullback and another move up which just made a new high 11.970. At this point many traders might go long, since we had several "confirmations" of a new imminent...
AUDJPY To open LONG positions for AUDJPY, it is required: In this situation our system indicators to confirm trade entry confirmation for movement to the upside but if the market continues to range then signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met. Trading method: RSADVANTAGE Stage 5, accurate...
XMR has been on a bull trend for almost a week now, but we've seemingly broken that bull trend. However, I personally believe that this will act as a pretty massive bear trap for panic-sellers as we're still well above the support of the new region we've broken into. NOTE: This is not financial or trading advice. Please take everything you see here with a grain...
Given how we broke the previous downtrend resistance, I think we can ride this all the way up to around 16400 (reasonably). However, I expect a pretty rapid correction to as low as 13000 given previous support and resistance barriers. NOTE: I have no position in this. This is purely my speculation. Also, this only shows the TA side of it (not the full story!).
The first Huge drop occurred today and we bottomed out and bounced off the .61 fib drawn from the previous High. This has created a lower low and and the potential for a bear market to start. I have no interest in going Long on bitcoin anymore than riding a bull trap up to ~17-18k. Until we make a new ATH I am preparing for a correction down to 8k area.
So, I was quite successful with my XRP newbie charting back then. From this another newbie chart, I try to see where's the exact wave v of the BTC correction. It seems that, tomorrow would be the time, based on the volume oscillation, and sine wave analysis of the RSI. Psychological: people expect bullish trend, but trapped into wave v correction as haejin...
www.tradingview.com Hi guys, On the H4 chart we cn see two initiative candlesticks. The first one from the top marks the cancelation of SegWit 2x, the second one from the bottom - the price level meeting at the profile volume level, when many players came out defending their interest. Now we have to retest the upper profile volume to see if the news about...
I updated my last BTC analysis and recognized a possible shoulder - head - shoulder constellation (in german: Schulter - Kopf - Schulter). If, yes if, the price rises only to 5.900 or so and falls back to my triangle (see graphic). In that case it would be a negative sign and BTC could continue its decline as mentioned in my last post. Interesting also the...
USDJPY came under some pressure on Friday. There may be more downside, but right now bears should beware. just below the swing low around 111.500 we have a spike base/demand zone. if we break below this level and demand is still there + shorts start taking some profits, we may get a nice pop higher. As always, will wait for price action after the break. A touch of...