forextraininggroup.com ^^^REFER to this for a 1:1 comparison We are currently in Distribution of the Last Wyckoff Phase, and it is following the Wyckoff distribution very visibly. Please refer to the Google image below for an example. Price will be caught in a triangle / wedge. NOTE: This wedge shape may change, but will not differ very much from what I have...
BTCUSDT has turned neutral for now. There is still bearish sentiments, as some news sources have pointed there are people waiting to hunt 30k. For now, it is going it is in distribution phase according to the Wyckoff study, and it will form a tighter smaller triangle up here. There is a possibility of a break up from this smaller triangle, but it could be a fake...
As other notable traders have pointed out, there is a Wyckoff spring phase in play here, as it is also on BTC (4hr + 1D time frame). I am no expert in Wyckoff Accumulation studies, but I would like to bring to light some other strong possible bullish plays in the mix here. I have pointed out that there is a large inverse head and shoulders that is being formed,...
I am seeing a bullish descending triangle forming, and the two scenarios are highlighted in the chart. On the daily we have a full bullish engulfing candle forming - indicating the price should never have been this low! There might be a temporary volatile boom upwards, as since this morning it has already risen over 5%. On these wedges you can buy when it breaks...
Hello, we are seeing a bullish pattern indicator here, it is breaking the descending wedge, and it has already contested downwards one last time; entering the uptrend phase. The take profit levels are 15 - 25% 17 - 25% 19.5 - 25% 25 - 25% Alternate scenario: it consolidates around the lower level, and forms a large inverse head and shoulders as drawn, and you...
Congratulations to all those that have been following my old charts, I started posting my strategy at 1.28 on ADA and it passed 2.00 today. Congratulations if you followed and kept up. Please look at the trading stats below. We have been trading on this strategy since 2020 January. Over one year. Our current stats are: 5172% Net Profit 123 Closed Trades 79.67%...
Hello, I am reuploading for those of you that missed out on the last opportunity that we had (Check link below) This is the same strategy, it sent a sell signal at $1.7, I apologize for being a little late in the other chart. But we are in a buy again now at $1.56. You can wait till $1.45 or if you buy at $1.56 like us, Take profits $1.65, $1.7, and then $2. OR...
Right, so as we enter the new highs on ADA, I want to clarify that there are still concerns on the ADAETH pair. We want to see a break out of this descending wedge, which is usually common. Some things I want to point out- Bearish perspective: - If we see a break downwards, following the two curved black paths, bouncing between the wedge squeeze, then we may...
Hello, I am keeping this sweet and short. Our strategy has indicated a long around $1.29 (78.8% successful strategy, with over 2800%+ in 1 year, please check the trade history). However, there is a bearish play here, as ADAETC pair and ADABTH pair are both failing to break out of their respective wedges and into bullish territory. We are seeing more muddy waters,...
This isn't much a technical analysis, but more of a look at the current Market Depth Ratio and Order Flow on all exchanges for BTC. Looking at the 1% of orders, the MDR is currently approx +20%. These levels were seen during the previous dip down around Feb 28 - Mar 6, after which price started a steady climb. And then again for a short period of time around Apr...
Hello, Litentry is fundamentally a very strong coin, and after the recent correction, I believe it has opened up opportunities for those who missed the recent to $12+ It bounced off very clearly off the 0.236 Fib level and that area is being help up as support very well, currently it is struggling to get past 0.382 Fibb level. Once the price breaks $9.5 there is...
TRIX Indicator showing a strong steep dive down still, and this is a strong momentum indicator, which I find better than MACD on the daily. we haven't even started the retrace as it hasn't posted a single + positive value, and the down trend changes are greater than 30 points each day - which is significant. Moreover, the MDR (Market Depth Ratio) has not hit...
Forming the right shoulder currently, indicating a bearish short term trend coming. Will touch support, and then a healthy bounce upwards. That will most likely be the last time it touches that zone and last time you get to buy around that price. Otherwise, TP levels are posted in chart and strong resistances as well.
A lot of people here have drawn triangle breakouts confirming that there is an uptrend coming. Big sell wall at 0.56 on exchanges, and it makes sense because that's the top of the inverse head and shoulder limit that is formed at the moment. But I need to bring everyone's attention to the price movement on the GANN fan. This movement happening right now where...
Buy signal generated at 4.21. Current price is lower. This coin has the lowest correlation to BTC, so it is a good buy at the current price. Our strategy is 100% successful, as you can see. (Please read list of trades, strategy has been running since 2020-01-02) BUY SIGNAL: 4.2 BASED ON CURRENT BUY OF 4.08-4.09 we get TP1: 4.2, TP2: 4.86 TP3: 5.96 STOP LOSS : $3.7
Please take a look at the 15 min time frame. A lot of us are afraid to place buys thinking it will crash further down. But a simple inverse head and shoulder pattern is a great way to take small profits during crashes. Imo, the best time to trade is during a bear market! The easiest patterns always emerge there. As you can see, H&S1 corresponds to TP1, H&S 2...
Currently below the red line on the chart, and it has generally been trending on the upper red line. Drawing the gann from the all time low to the all time high, the purple line it bounced off recently was played out perfectly. Two things I take away from this, large harmonic pattern forming, highlighted in yellow, and also that the price should be higher than...
According to our strategy, the buy for LTC was signaled a while back around 190, however, visually observing the chart, it did not successfully break the Bearish head and shoulders buy zone. Some argue anything below 200 is a good buy. But I believe this coin should not be bought yet. In fact, wait till we are above buying zone, and safely near the closest fib...