$EOS shows a strong support in the zone of 0.000620 BTC - 0.000665 BTC. Moreover, on the 2H time-frame we can see a local double bottom and in case the price dumps to 0.000620 BTC, we will even bigger double bottom pattern. If we take a look at indicators , we will see a convergence on RSI and oversold on Stoch. RSI. The "final" target of a ascending...
We all understand that the correlation between BTC and ETH is really high. But different currencies have different places of support and resistance. For example, here on ETH chart Elliott waves look much more logical, because here the market is less affected by the spontaneous buyer. Thus, we see more clear support and resistance. Drawing conclusions from these...
Huge volume shows that Bitcoin does not want to stop the uptrend, so let's consider the most likely and obvious scenario for the further development of a bullish trend . First of all , wave 4-5 is important for us, because from there we will be able to re-enter bullrun (if you have already sold BTC) . First, we have 3 trend fibonacci grids: 1. From...
Besides the fact that with a high probability (about 70%) the crypto market will go to a small, local correction . However, major-altcoins are completely oversold at the moment, this fact will lead to an increase in volumes on them. By the increase in volumes, I mean growth because they have almost no space for further falling . By major altcoins I mean...
When I look at the Bitcoin 1W chart , I can confidently say that this bullish trend will lead us to the $19000 point. I know that everyone here like Cap with Handle pattern, so I am with you today to give you two pearls of wisdom: 1. Repetition is the mother of learning . 2. A danger foreseen is a danger avoided . In order to find a Cup with Handle,...
$MFT coin looks really juicy for buying. Let me tell you why. There we have a convergence on RSI which is a bullish sign. Moreover, the asset is located in the oversold zone , according to Stoch. RSI data. And, by the end, we can see two strong supports : a horizontal and a descending. Good set-up for a good growth. The best buy zone was mentioned as a grey...
$BNB - the coin has formed a bullish diamond . This is the pattern that tells about a continuation of a current trend, in our case, it is an up-trend. History tells us that BNB growth trigger Binance IEO coins and they are pumping too, so I want to consider all of them now. $BTT - the coin has broken through the resistance and takes hold above one, we can...
Right now when we see what we have already seen at the end of the summer of 2017 . The market is in preparation for strong growth. If we look at all the periods from the psychology of the market, it becomes obvious why at one time or another the market dumps or grows and breaks through resistance. In the first phase , we notice the bottom of the upward...
For a relatively long time, the Bitcoin's price has been moving between some levels and forming whether a corridor or some patterns . The easiest pattern you can notice on the chart is H&S , there are a lot of traders who opened SHORT positions just because they saw this pattern, will definitely return to this topic a little bit later. Besides H&S, we need...
There we can see a Cup with Handle . One of the most bullish signs you can ever see. Thos one includes strong volumes, end of a correction, strong support below the price and many more things that usually make coins grow very hard, must buy. If you found this idea interesting, do not forget to Like it and subscribe to the profile, so as not to miss our updates!
Straight out the gate, priority is LONG there. The price has just broken through the triangle and at the moment when I write this text #ADA trades above one. We have a very strong resistance, it is located at 0.00001135. Above this level located a bunch of SHORTers stop losses , looks juicy. In case the price break through this level and takes hold above...
$Bitcoin has just formed an almost horizontal flat channel. Both, a support and a resistance are ascending which makes this channel - BEARISH . However, we have two triggers, one for SHORT position, another for LONG, let me explain you. If the price of $BTC break through the resistance at $8200 and takes hold above one, you can open short-term LONG ...
There is no doubt , at the moment the crypto market is in a bullish cycle , buy volumes are much higher than selling ones. However, every trend needs correction. Today I want to consider 1-Day BTC/USD chart to show you when should we expect the correction and how far will it go. Usually , moving averages (MA20) and exponentials moving averages (EMA20) ...
Well, there we can see VERY strong volumes, convergence on RSI , Stoch. RSI also votes for BUY. Moreover, below the price there is a trong horizontal support. If you found this idea interesting, do not forget to Like it and subscribe to the profile, so as not to miss our updates!
There we can see a completed Unified Gartley pattern. If you found this idea interesting, do not forget to Like it and subscribe to the profile, so as not to miss our updates!
The purpose of technical analysis using the Wyckoff method is to improve the timing of market operations when a speculative position is formed in anticipation of an upcoming move, where there is a favorable profit/risk ratio to justify opening this position. Trading Ranges ( TRs ) are the points where previous movement will be stopped and there will be a...
The correction of a dump is formed like a wedge with a wing, usually this pattern provokes upward BC impulse , giving us a buy signal. However, with the knowledge that we are in a dump phase, it's wise to think about short position. Let's take a look at resistance levels, each one can become a zone of the last point of supply (LPSY) . Long story short, each of...
Some fresh thoughts about the $XRP. On the 1D chart Ripple has just broken through the triangle's resistance and now consolidating with the only one purpose - continue moving inside the current up-trend . At the moment the price is forming a bullish triangle with a flat resistance that was broken several times by wicks - bullish mood. Moreover, in 2-3...