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If BCH break support line we enter short position.
If it breaks falling triangle we can enter new position for a short time trade in the channel. If it breaks channel up we have additional confirmation to enter a new positon.
Target the top of the channel and the ATH.
with BTC all go down. If BTC holds hovering above 4100 USD this could be the very bottom according to price movement measured with a trading volume. There is only one volume indicator on my 3H chart due to restrictions of the platform but I used more and all give the same information - with every other fall in price the volume is falling down too. Also on ...
We saw a nice run by IOTA in the previous week. After hitting an ATH (AllTimeHigh) 1.1+ it is slowly following the Descending triangle. What does it mean?
A Descending triangle belongs to the bearish signs. It takes up to weeks to form that pattern. The height of the pattern is given by its previous top point and the horizontal line which makes the support. On ...
We saw a great move by XRP based on the 'news' which turned out to be a garbage. Not bad hitting 0.28+ USD area just from scratch at 0.15 USD.
What can we see on the chart?
Firts of all previously charted Fibonacci levels work fine. Currently we are supported by blue dotted line with a supply zone around 0.25 level. If there is a big green candle braking through ...
Hi guys, OmiseGO managed to stabilise itself in a sideways movement. Retracement was stopped after Thai minister of finnance
gave it its support. What' gonna happend next?
We can see that the sideways movement is coming to an end. It created a roughly Simmetrical triangle whose sides are made of an uptrend line and a falling resistance line. It is considered to ...
if you followed my last XRP chart from August 8 you are involved in the last 40 % gain so far. Alternatively you loaded yourself up
during testing the main support around 0,15 USD. It was a little bit risky move due to bullish confirmation zone being at 0,20 but
it made us a decent profit already as we bought in 3 - 4 days ago.
What can we expect ...
What goes up too fast, holds there too short. Short it as f, it will fall like a duck ;) Channel support possible. Moles digging there :D
Interesting times, volatile markets, lots of fear and opportunities.
There could be an interesting buying opportunity if OMG manage to stay in the ascending channel.
The green line is a bullish confirmation and could mean another rise in value.
Stop loses if OMG break out the channel. Next Fibbonacci level is deep deep deep...
Good luck and ...
We watch IOTA closely for the last few days. After 48 hours being stagnant just a tad over 1 USD border there is price decline right now.
First we need to consider the situation here. We are moving through the channel since the beggining of the rise. As we can see 3 parallel floors were created. Slowing down means we stay somewhere in the middle floor. Testing ...
IOTA made a nice channel run. It made 200% in 10 days. Steadily pushing upward, not many brakes.
If we didn't manage to get in during the light pullbacks or if we tried to short the market we proly
had a hard time watching it from distance.
Now we can see a possibility to enter the market if the price come any close to the lower trend line.
We can see that the ...
BTC is on fire gaining 25% / 1000 USD during four days. It caused a major fall of many binded currencies. We can expect a kind of slow down or correction of this growth. And the effect on NEM can be very profound.
We used our previous chart to look at current situation. The market roughly followed our suggested directions. Right now we are touching a long term ...
RSI on 3 hour chart is on its half way from an oversold area. On 6 hour chart there is only a beggining of the changed direction. This is a very high game with strong temptation to get in. We need to realize that market was pushing full speed ahead for the last few days and yesterday we started to see first signs of exhaustion.
If you managed to stay out ...
There might be a chance to enter a long trade here but first let's examine the 4H chart a little bit.
We can see an unperfect possibility of the Head And Shoulders formation which is coming to an end near the trend line. This is in correlation with the Fibbonacci level. Inside the right 'shoulder' we can see an inperfect descending wedge. Bulls and Bears are in ...
Ascending wedge (bearisch) transformed into ascending channel (bullish)?
We can see a clear falling wedge which is a bullish sign. The lower trendline is flatter as bears are not able to push the price lower.
We are coming to the end of the pattern.
We could expect a break out. If the market manage to cross the upper trendline supported with volume and a few successively rising candles we could enter a new bull run.
In the other ...
Just waiting how the market correction will affect OMG.
Higher Trend line is decisive at the moment.
After a bull run we can expect correction to the Fib levels. Possible bearish wedge.
Any idea how to trade? Please share.
Thank you for watching. Good luck and peace!
There is an ascending channel visible on our chart. Heavy resistance 2 times tested ahead.
Carefully buying on the break out at Fibbonacci level. I will add to my long position. Watch Stochastic for buying signals.
Next level we can expect heavy resistance as it was a solid support line in the previous structure.
Main target at 61.8 % Fib Retracement level. ...
After a symetrical triangle we can see a clear channel up.
Once we brake out of the channel stay alerted! 0.52 is a possible profit taking area meaning a pullback.
Stochastic RSI looks bullish, but we can't confirm that - on Bitfinex 3 hours chart we see that we are in
a heavily overbought area. We should see soon enough.
Our target reached. Position ...