Hello Traders! What goes up… Must come down! Today’s update will be on Bitcoin in comparison with the CME futures Chart, a massive $950.00 Gap that with a high degree of probability, will get filled. Is this the local top for Bitcoin?, we have a handful of indicators that point towards that… Points to consider, - Trend highly overextended - Local Support at...
Hello Traders! Hope your all enjoying your weekend, Today’s update will be on ETHBTC, key levels to watch after this initial dump, will a bounce come to fruition or a continuation? Points to consider, - Trend broke out of falling wedge pattern on the macro timeframe - Support at .50 Fibonacci - Local resistance in confluence with local top - Stochastics in...
Hello Traders, Today’s chart update will be on MCOBTC, where we have had a potential Adam and EVE bottom from yearly lows. Price is now testing key support that needs to hold, however we are seeing bearish signs such as the bearish divergence.. Points to consider, - Trend is considered bullish with lower highs - Major Resistance broke, now support - Local...
Part 9: Next week looks set for a bullish TD Sequential 9 on the Weekly chart that hasn't been seen since July 2018. Back then this led to a 40% increase in the price of Bitcoin followed by 4 months of consolidation. This scenario is labeled "A". Extrapolation C is the inverse of the "bearish" TD 9 in April 2019 that led to a continuation of the bull trend. Hence,...
Hello Traders! Today’s chart update will be on BNB/BTC which has broken bullish from its falling wedge formation that we have been looking at since September (chart is in the link below). We’ve had a bullish divergence confirmation with this break, now will BNB reach its technical target? Points to consider, - Trend broke major resistance - Local support is...
Hello Traders, Today’s chart will be on ZRX/BTC which may be putting in a local top that is accompanied with a potential bearish divergence. ZRX has risen in a parabolic manner a correction or consolidation is highly probable. Points to consider, - Strong bull trend on 4 hr timeframe - Price tested structural resistance (fake out) - Local support between .50...
Hello Traders! Another update today, which will be on Big Baddy BTC, forming a potential classic bear flag and is trading at $8000 psychological level. It is highly probable that this bear flag comes to fruition as the lower trend lend is being tested for the third time… Points to consider, - Trend in a bearish structure - Lower resistance at .236 Fibonacci...
Hello Traders! Today’s update will be on RENBTC , bearish divergence into daily support, which held successfully, will we see a continuation in this bull trend? Volume needs to sustain otherwise a break of daily support can come to fruition… Points to consider - Trend bullish on 240 timeframe - Major daily support tested - Structural resistance in above red...
Hello Traders! Today’s chart update will be on BTC’s short term projection on the hourly time frame. We have a potential rising wedge that needs to be confirmed with a third touch on the lower trend line. A break from this formation is bearish, if it plays out; we are more probable to test lower support, where the triple bottom was established. Points to...
Hello Traders! Today’s chart update will be on ETHBTC which is testing a very critical resistance level in its established 4hr time frame bull trend. A break of this local resistance will increase the probabilities of testing major structural resistance, presenting a potential trade set up. Points to consider, - Trend line being respected - Price testing local...
Hello Traders! Today’s chart update will be on BATBTC, very similar to XRP’s chart which I posted a couple days ago. BAT’s had a falling wedge breakout which is in confluence with a potential bullish divergence. It needs to break major structural resistance to confirm the daily trend change… Points to consider - Visible Bullish Divergence - Price testing major...
Hello Traders, Today’s chart worth taking a look at will be AFTERPAY which is in a strong bull market respecting its trend line and is currently in blue sky breakout mode. A return to its trend line will post a good opportunity to long this instrument! Points to consider, - Bullish trend on all time frames - Major support at .618 Fibonacci Level - Blue Sky...
Hello Traders! Today’s chart update will be on the XLM/BTC pairing which is in an interesting position, testing current local support with volume well below average, a break out move may be probable… Points to consider, - Trend bullish, probable of new higher low - Price testing structural support - .50 Fibonacci acting as resistance - RSI...
Hello Traders, Today’s chart will be an update on Bitcoins immediate term, which is quite bullish as we have a double bullish divergence and a recent double bottom. There are key levels to watch for a potential trade set up… Points to consider, - Clear double bullish divergence - Double bottom (Considering Wick) - Local resistance at $8480 mark - Structural...
Good evening traders! Bitcoin is bouncing off of $7,700 support on the weekly, holding strong so far. Interestingly, starting in August, Bitcoin is following an odd green, red, red, red pattern weekly. So far, we appear to be in a green candle. Not that I can say I have firm reason to believe this will continue, but I would be skeptical of any red candle closes...
Hello Traders! Welcome back to yet another update, todays chart update will be on LTCUSD, testing its 4 hour uptrend and daily support, a bounce here into local resistance may be probable. Points to consider - Trend bullish, consecutive higher lows - Bounce of major daily support - Local resistance is at .618 Fibonacci - EMA’s turning bullish - VPVR quite...
Hello Traders! Today’s analysis will be on Bitcoin’s recent developments, Bullish Divergence and CME futures gap filled, could a bounce be more probable from current rage? There are a few technical indicators that point towards a market bounce Points to consider, - Clear bullish divergence on hourly timeframe - Major resistance at .236 Fibonacci level - Major...
Hello Traders, Welcome back, today’s update will be on ETHUSDT , an epic short from previous technical analysis!, will ETH continue or rebound back, IMO I think we’ve still got further downside potential… Points to consider - Respect of the .236 Fibonacci Level, in confluence with daily support - RSI grinding on its resistance - Local resistance at .50 Fibonacci...