BlackSwan_DAR

BlackSwan_DAR

Hello guys, BTCUSD seems to be very uncertain in its movements during this days. If we analyze the chart we can point out immediately the lack of volume. This scarcity keep prices into a very narrow range and for the moment there isn't any sign to allow us to take a position. Prices are in an important supportive area after the recent drop. If we think BTCUSD...

BlackSwan_DAR

Hello guys, ETHUSD is arriving to an interesting level that is to the lower dinamic trend line, sustaining the long term movement, passing around $430/$440. ETHUSD is in a big triangle, as we can see from the chart and the first contact with the lower trend line could contain the sellers pressure. In case of breaking of $430/$440 area it can fall to $380/$400...

BlackSwan_DAR

Hello guys, EOSUSD seems to be at a critical point: in fact this level, about $9.70, could be a good point to enter or a level for a new negative impulse. If we think could start a rebound, even if in my opinion this scenario has a little chance, this point could be a very good entry point, considering at this level passes the 200 daily MA and a statical support....

BlackSwan_DAR

Hello guys, in this period the volatility for all the biggest cryptos is particularly low end this setting is consistent with a rise of all sector. In this environment the only out of tune is volume, low for all the principal cryptos, exepting EOS. Looking at different chart I've focused my attention on OMGUSD: it is trying to complete a 1-2-3 formation. In fact...

BlackSwan_DAR

Hello guys, Yesterday EOSUSD pumped up with important volume due to the release of EOS's mainnet. From a technical point of view this coin is very strong if compared to BTC, or ETH but after the important soar of saturday it's near an important resistance area. As you can see from the chart, prices are near to collide with $16 area which represents a strong rock...

BlackSwan_DAR Updated 

Hello guys, today the multi-billionaire George Soros warned about a possible major financial crisis due to the possible disintegration of European Union, the disruption to the Iranian deal and the soaring of dollar which creates many problems to Emerging Markets… And today, after many days of weak performance, BTCUSD started to soar from the support in $7100 area...

BlackSwan_DAR Updated 

Hello guys, I think there is a possible long entry point on BTCUSD here, in case price goes steadily over the resistence area we can find at $8500. In case you decide to trade, stop loss must be put under $8150 and the first target is to $8850 area but I might assume the most reliable target is at $9400. There are two things doesn't confirm long view: the...

BlackSwan_DAR Updated 

Hello guys, ETHUSD seems to have a better relative strength than BTCUSD, in fact I think this could be a good long entry point. The triangle ETH has build using the 200 daily moving average as base, has been broken on the bullish side so this could justify long trade with an only serius warning: volume is low. Nevertheless, the risk is low because stop loss must...

BlackSwan_DAR Updated 

Hello guys, I pay attention to the price of BTC considering it's on the lower limit of the congestion: the support is in $8800/$8750 area. If this support would be broken, prices could go to $8300 as first step and $7900 second step. Indicators, as you can see in the chart, confirm weakness of prices. ***This analysis is not a buy or sell advice, it is drawn...

BlackSwan_DAR

Hello guys. As we saw last time BTC could find a boost from the break of 200 SMA: but is BTC strong enough to leave behind this moving average? If we consider volume we can see how it isn't peaking up, even if it's quite normal when an instrument arrives close to a critical level. But this is second time in few days. However volume should increase if we are in...

BlackSwan_DAR

Hello guys, it's my first analysis. I decided to start to analyze BTC because I read every day attempt to describe not only what is happening on the market but also imaginative description of what can happen to BTC... A little too imaginative. I'm a stock trader since 2006 and in my career I learned to analyze just what is happening, without imagine what could...