Ethereum has lately seen a lot of choppy trading and has been trading rangebound after hitting the all-time.
Now an interesting setup is appearing on the higher timeframes. Price Action is showing lots of aggressive absorption of sellers into hidden limit buy orders, and every time we dip to the low of the current inside range, it gets bought up quickly.
The last...
Presented without a comment - price more likely to follow the green line, if we need more liquidity (a large player wants to enter a huge short position) price will probably reach for the stops around 6654 before taking a huge dump.
Whats up Ledges,
BTC is looking like its topping currently., Failure to close above the heavy resistance at 6782-6839 on a high time frame and three consecutive inside bars are signalling a sell off.
I dont think that the yearly support at around 5800 will hold another time, i think we’re getting xloser and closer to the final dump.
Purple line is my idea of...
Hello Traders,
BTC dumped hard last night and took all the alts with it.
We dropped into a historical demand zone, last time we were here the artificial pump followed by the rally to 9500 happened - actually I'm not suprised that we are here, only how fast we got here.
The next Days/Wekks will be crucial to Bitcoin. If this demand zone, that goes as low as 6350,...
Hello Traders
over the course of the day Bitcoin has more or less been channelling around in a rather tight range - just after we were happy that volatility is back at it again. Oh well...sad story.
Anyways, BTC is throwing up mixed signals currently. After breaking up yesterday BTC is currently consolidating in what might appear to be a Wyckoff reaccumulation...
Hello Traders
i hope you had some nice sweets profits in the last days. Bitcoin made a nice upswing and is currently correcting it while putting up some nice signs for us.
After almost completely correcting the upmove from 8600 USD, BTC is testing the .236 retrace of the correction that just happened as an overhead resistance at 8890.
It has been constantly...
Hello Traders,
Neo is currently correcting it's recent upswing and right now could be a very good time for a long position on NEO.
While consolidating inside of a bull flag after being rejected on the 1618 extension of the recent downswing, volume has been steadily declining while being high in the flagpole, which is what we want to see in a bull flag.
The 786...
NEO:USD appears to be in a good position to enter a long-term position or a short-term trade.
On the one hour chart
After bottoming out in an Adam and Eve buttom over the past weeks we can see that it has now broken out in what appears to be a cup and handle formation.
Currently, NEO is trading around 72 USD with lots of short order that are currently...
Hello fellow traders,
I know it's hard to make money in an ongoing bear market as we are currently facing it in BTC, but if you know whats going on, it's way easier. Let me guide you through the chart.
As you can see, after we hit our current low at 5.8k BTC tried to rally up to build out a double top formation at 11.5 that sent it way below 9k.
Funnily this...
Hello fellow traders,
i took a closer look at the current price action of BTCUSD. As you can see on the 4h chart BTC formed a head and shoulders pattern that is technically still valid, since BTC hat not broken below the neckline or above the head. It's currently trading above the 50EMA and is currently consolidating around 9.1k in form of a bull flag.This flag...
