The price of Gold Futures is possibly moving in descending channel on the 1-day chart. After todays strong downwards movement, we're almost at the support line of the channel. I'm expecting another drop tomorrow, from where we will consider to open our position as follows Open Position (Long): 1446.00 or below Target: 1490.00 or above (Key Zone) Please wait for...
Hello my friend! It's time for an update. The price of Bitcoin (BTC) is moving in a Falling Wedge. This is a bullish pattern under two conditions: The price has to break the Resistance Line and we need high volume. The 9000.00 price-mark is right in front of us and the price has failed to break this level multiple times. In this case, we will need a confirmation,...
Hello my friends! I've made an interesting observation on the 4 hours time-frame of Bitcoin (BTC). According to my idea, we might see a move to the 9150.00 area in the next hours. The yellow boxes highlight the volatility in a period from sunday to monday. The price moves from a swing low to a previous high (dotted lines). This works out on a weekly basis. Our...
Hello my friends! The price of Bitcoin ( BTC ) might be moving in a Descending Channel on the 1-day time-frame (purple box). We are currently moving in our Key Area, from where most of the volatility happens according to our backtracking. A strong move is expected. Since the SMA 100 acted as a strong resistance and many indicators are giving us a sell signal, we...
The price of Ethereum (ETH) was moving in an ascending channel, which broke during a drop in the whole market. Usually we use the trend lines of the channel to swing-trade from the bottom (Support) to the top (Resistance), as shown in my previous ETH ideas. In combination with certain indicators, zones and further trend lines, this is a very easy way to stay...
Hello my friends! Another successful trade from the bottom of the channel to the Channel Resistance. Please check my last idea (linked below) to see how this worked out. The Channel Resistance has been tested multiple times and it seems like a breakout of this channel is currently happening. To confirm this scenario, we need to close above the Channel Resistance...
Hello my friends! The price of Bitcoin (BTC) might be moving in a Bullish Pennant after the parabolic run until December 2018. According to my idea, the price is currently in the last leg down, hitting our Support long-term in the beginning of 2020, from where the price will start to push aggressively upwards in anticipation for the Halving in May 2020. Please...
Hello my friends! After a successful short trade from the Channel Resistance (184.65) to the Channel Support (180.20) we are now able to open a long position for Ethereum (ETH). Our first target is again at the top of the Channel (Yellow Box). Since the Channel Resistance both has been tested multiple times, the price might break the Resistance and move to our...
The price of Ethereum (ETH) is currently moving at the top of a Horizontal Channel and got rejected. We will open our Position (Short) at 184.75 , i'm expecting the price to move towards the Support Line of the Channel at 180.20 . Feel free to ask questions and share your own ideas in the comments section. You can also support me on Patreon if you like my...
The price is currently moving in a triangle. This pattern leads to an area of high confluence. Traders who use the resistance line as a guidance for possible short entries conquer to traders who use the support line as a guidance for a possible long entry. Everybody is watching the price now, especially after a last weeks strong move. It's necessary to wait for...
The price of Ripple (XRP) broke a strong trend line and is now reversing. I'm expecting the price to pullback to our Key Zone from where the downtrend will continue. We will consider to open a short position after the pullback is completed . There are two possible entries according to the Fibonacci Retracement levels. A pullback to 0.382 followed by a rejection...
Chart requested from @AmirMassoud94 This is just a quick example of how accurate the ADX line signal can be. BNB was moving in a Falling Wedge (bullish pattern). As mentioned in yesterdays XRPUSD idea, which is linked below, an ADX line moving between 10.00 and 20.00 is hinting a possible Pattern Breakout. Guess what - the price broke the Resistance Line of the...
The price touched the Resistance (Trend) at 10350.00 after a strong upwards move. The SMA 100 is acting as a strong Resistance (Yellow Circle). We are now heading back to our next Support at 8800.00, where we will possibly meet the SMA 50. With a bullish sentiment in the short-term (Golden Cross), the price might bounce from there. Position: Short Open: 9400.00 -...
Tron (TRX) broke out of a Bull-Flag pattern with high volume. I'm expecting the price to continue the uptrend (Pole) with strong momentum. Position: Long Buy: 0.00000193 Stop Loss: 0.00000182 Target I: 0.00000210 Target II: 0.00000234 Leverage: 3x I will update this chart accordingly! Leave a thumbs up if you like this idea and Follow me for more updates!...
Hello my friends! We have a possible Bull Flag forming on the 6H time-frame. The pattern is confirmed if we close in our Buy Zone from 0.00000192 to 0.00000196. In this case we will open a long position with Target 1 at 0.00000213 and Target 2 at 0.00000233 in sight. Please wait for a confirmation first. Patience is the key. I will update this chart...
We use the level of the Pitchfork to determine possible Sell- and Buy-Entries. As mentioned in yesterdays idea (linked below), the price headed back to our Trendline. I'm expecting the price to retrace to the SMA right next to our Resistance Zone (Purple Area), followed by another leg-down. Position: Short Open: Entry (Sell) 8100.00 Area Close: Trend Line...
The price of Ripple (XRP) broke out of a Rising Wedge Pattern on the daily time-frame as well as on the lower time-frames. The Rising Wedge is a reversal pattern, which results in a significant drop. Especially when the whole market acts bearish. Since the price of Bitcoin (BTC) is also struggeling (see my latest Bitcoin idea, linked below), i'm looking for more...