Seen Peter Brandt mention H&S and hes very right! this looks amazing and I wanna chart it all out to show what I see... The bigger green Triangle and chanel is just for fun. I cant predict that far ahead but just guessing. The H&S looks very good tho . I think we have a min. target of $155
We are approaching the end of this bearish 'looking' triangle (I say 'looking' because there is no certainty!). It looks to be a break to the downside as the bullish indicators have still not shown in full, just check out the trading volume for 1. The question is can we go lower than the all time low? And if so, what are we in for? Let's see and wait what happens!
Assuming the recent hike is impulsive, we can assume 5 waves (white) and we appear to be done with the 4th wave considering that we got support at 0.618 Fib region of wave 3 (white) + 4Hour 50 EMA acted as support, and also wave 4 did not go below wave 1 top of the candle (wick overlap in EW is ok)
The final 5th wave can be broken down into 5 sub-waves again...
Hello guys, I hope you are doing well.
Today I like to discuss BCH and his possibility to be ready to ROAR. You already know I'm currently on a trade on LTC/BTC which is doing well! And now I'm looking for add at my personal trading a BCH/USD bullish trade. I'm looking at BCH/USD on a purely TA perspective, I'm not a great supporter of this coin I don't really...
Hi friends, Bitcoin Cash is at $129.3 resistant. The simple moving average for 50 days is also just above this level. We therefore expect it to act as a major obstacle. If the price is lower than the current level, It can drop again to $102 and down to $73.5. The bulls ' failure to scale the 20-day simple moving average demonstrates that the sellers still have...
Fractals where on point in January, which is nice, but February is fast approaching and looks like we got weekly events.
I know, that everyone is sad that BTC is below 3.5k - You can thank the Asians for that.
However, what most of you already realize - actually most of alts already have bottomed out and beginning to really spike the hell up.
COINS such as,...
We had an old triangle formation (4hr/1d chart) forming but was broken about a week ago. The last rally we have seen to the upside has given us a hint of the real triangle pattern that in my opinion will end with a push to the downside. This is only an idea, not investment or trading advice.
What do you guys think?
*The purple line is the absolute best case...
Step 1 Wait for the price to touch the Lower Bollinger Band
The first element we want to see for our simple trading strategy is that we need to see price moving into oversold territory. Any swing trading strategy that works should have this element incorporated.
Note The preferred time frame for this simple swing trading strategy is the 4h time frame, but the...
Good morning or afternoon depending where in the world you reside.
Week in Crypto (Top Events):
New - Litecoin founder - Charlie Lee - experimenting with privacy MimbleWimble and you can soon buy a Maserati with Litecoin payments. Follow Charlie Lee on twitter for more details on these updates.
#1 - Baakt continues to make headlines and progress in launching...
Our previous post expected the triangle correction to breakout big in one direction and it broke down. However, this time the triangle consolidation is smaller so the move down maybe limited to $105-$115 considering that 0.786 Fib can offer support.
This chart is a breakdown of the waves and patterns of the 1D/12H bullish chart which we just posted
The high level...
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