The situation repeats. After the first double bottom, the support level has shifted upwards, the elementary pattern works out perfectly. Currently, the Important level is in the range $5150-$5200 (50% fibonacci level from the recent drop) , there the price has formed another double bottom (marked circles) . LONG squeeze spike can hit levels down to $5130...
BNB is the coin that you should buy and hold forever, this analysis is made for those, who still doesn't have BNB in their portfolio. Day by day, more and more IEO projects based on BNB appear. BNB has very strong fundamental factors. Yeah, all these lottery seems like a bubble and scam, however, there's no problems with that yet. Talking about TA , we have a...
Let's start with the fact BTC bounced from the level $5011 BTC twicely, so now we can see a double bottom on the chart. We have also broken the resistance $5130 - $5150 and fixed above. Therefore, this zone can be considered as a great point to enter a LONG position. I've mentioned all supports and resistances from April 11 with thin lines, and now we can see...
On the BTC/USD 1h chart we can see the classic correctional pattern - the Bearish Wedge . Pay attention to MA 100 which supports the resistance. We can also see an ascending dotted line - this is the past support of the channel that we leave during the recent price drop, so now we can assume the fake breakout the growing wedge in the upward direction....
After the dump BTC formed a correctional ascending channel and a horizontal level between $5100 and $5200 . Because of these facts I can see only bearish final there. However, there is one thing that can change the whole picture - heavy pump . In this case the price can goes up to $5300 - $5400 area and higher, so you if you hold a SHORT position - put a stop...
Yesterday the QTUM update was announced: now coin holders will be able to invest in hundreds of financial instruments (ETF, stocks, crypto, etc.) . Buying it now cheap after dump caused be BTC. Volume is going up, so do buy orders. Entry point is 55000-58000 sats. Stop loss at 52500 sats. Main target is around 67000 sats. If you like this idea, do not...
Let's start with the fact that the price couldn't break the resistance of the triangle, so we saw a false breakdown of $5300 level. After that the price went to a new support at the new market. Now $5080 - $5100 level is the resistance. Thus, if market can break through it and consolidate around $5150 - $5200 zone, it would be wise not to short BTC. However,...
In this idea we will discuss several possible scenarios of price move, formed support and resistance and also we'll take a look at the exchanges data about long and short positions opened. After the previous week's pump, strong volumes appeared on the market, so candle volatility became much more higher. Our team loves volatility: stronger pumps - higher...
There we have a lot of reasons for a growth: very strong support below the price line, oversold after the correction, hardly increasing volumes, convergence on RSI and finally the price is cocated at the uptrend support.
Soon will be the day of weedsmokers (Weed Day) : 4.20 (20th of April) . As you know, for buying weed people usually use special coins, such as POT , CANN , THC and DOPE . We expect some growth on this coins till 18-19th of April: smokers will change their BTC to weedcoins to buy some dope. Also very likely we'll see a drop of these coins on 20th of...
EOS/USD here we can note some important points: EOS broke the triangle resistance and consolidated above it. If the trend continue in the $4.5 - $5 region, we'll be able to see a golden cross at MA 50/200, which can be the reason of a new bullish trend.
ETH/USD showed us strong support at $140 - $150, broke through the channel resistance and MA 200 after a bounce from MA 50, MA 100 and triangle resistance. If the price manage to keep above the MA 200, we can see the continuation of a bullish trend, but yet our last ETH analysis is actual.
XRP/BTC - here we have a falling wedge and two strong supports: horisontal level and rising triangle support. XRP/USD - it's easy to note profile volume support, long-term consolidation above the rising support and also resistance breaking which can cause the new bullish trend.
BTC/USD chart looks like a completed Elliott cycle (2nd chart) , moreover, this cycle completes bigger Elliott cycle (on the 3rd chart) . It's highly unlikely that we'll see BTC at $4130 again. We expect a dump to $3850 level to 38,2% Fibo level . After that we'll obserse market again and decide, whether we vote for further dump or not. Don't forget to...
I want to begin with the following statement: I have never relied on fractals and preferred to argue based on Oscillators and popular TA Patterns. Moreover, I always try to look at the market situation, imagining myself as a market maker (MM) and choose the most suitable combination of actions to take more money from liquidations. However, we all know how...
Well, this coin has very good volumes, just broke through MA200, in a word - absolute uptrend. However, at the moment the coin is a little bit overbought, according to RSI and Stoch. RSI. Buy zone is mentioned on the chart. By the way, if the price dumps for a bit from actual points, it will draw an almost perfect Cap & Handle pattern. If you like this idea, do...
Let's begin with TA : here we can see plenty of bearish signs: divergence, double top and overheated RSI. To continue with FA we just need to mention that in the last few days we've seen a bunch of ratings where EOS comes as №1 cryptocurrency ever made. Usually you can see such a marketing activity when the project managers need to sell some of their bags, they...
It will be a huge analysis, so be ready to spend 4-6 minutes of your time to read this text. Let's start. Firstly, let's consider the classic analysis. We can see that $BTC has just touched a triangle's resistance zone, which is a quite bearish signal. Second, let's pay attention to the fact that Bitcoin is still inside the ascending channels. There are some...