One of my last publications was a bearish continuation Descending Triangle, shown in red, whose $ 6,000 target has still not been reached.
Target at $ 6000 which is confirmed in my opinion by the appearance in the meantime of a Falling Wedge shown in blue on my graph.
But the main information is that the year 2020 seems to me to be the year of a new bullrun for...
My view of the Bitcoin chart is that we are in the presence of a bearish continuation descending triangle whose target deducted from its height is sub-$ 7k before the end of the year.
On the long-term scale, we have already benefited from a rebound on December 15, 2018 of surgical accuracy on the MA 200 (moving average), exactly like January 10, 2015 (see my...
I propose a new trade to take if this chart pattern, a descending triangle in a bearish continuation, is confirmed.
Of course, do not position yourself in Short until the bearish exit is validated.
This possibility is part of the background bearish trend of a larger descending triangle validated in my previous technical analysis, see link associated hereafter.
BitTorrent is a pair-to-pair transfer protocol that had its moment of glory between 2006 and 2008, to overcome the problem that was once a very unfavorable transmission rate compared to the reception rate.
It was thus a very popular sharing solution to answer this problem a dozen years ago: in 2006, between 60 and 70% of the bandwidth...
There are supporters of determined HODL, which really only benefits the early adopters.
Because buying late, for example 2 years ago, that is to say end of 2017, and selling nothing in 2018-2019, is already better than 90% of traders, certainly. But it is hardly better as a result of a classic passbook, the risks and stress in addition.
On the contrary (even if...
It is not a prediction (crystal ball, where are you?), But simply answer the question: is it possible and under what conditions?
My graph on the left shows that Bitcoin would "be enough" for a valuation increase like the one known in 2019 to reach $ 1 Million per unit at the end of December 2020, satisfying the well-known predictions of John McAfee or Jesse Lund...
I take Ethereum as an example, but both in terms of fundamental analysis and technical analysis, it is for me 99% of altcoins that are at the end of life, if not already dead and buried since my announcements of June.
I do not say 100%, because in my opinion there remains a hope, and even an interesting bullish potential, for the few crypto that share the same...
Back from vacation, I re-open Tradingview... here's what inspires me the current Bitcoin graph!
First, graph on the left: the bullish breakout validated tonight with a small ascending triangle, target: $ 11500
Secondly, graph on the right: a possible symmetrical triangle of bullish continuation within a big cup of which I often spoke to you, target: 19500...
With the presence of a possible Ascending Triangle, and possibly an Inverted H&S:
the price could go looking for the top of the Parallel Channel @ $ 12,350
DISCLAIMER: You alone are responsible for your positions.
To me, the magic of Bitcoin's graph over the past 8 years - most of its existence - is that it can be summed up by a single line, unveiling itself clearly in Logarithmic scale (*), and that I name here the historical trend line.
(*) On such a large time scale and with such percentages of Bitcoin price increase over these 8 years,
the LOG scale is obviously...
We must admit when we don't know and for me tonight is the case!
Indeed, volumes and volatility are down, tightening around the target reached the Cup & Handle which has allowed us to approach recently the $ 14k.
The bullish fuel of this Cup & Handle being exhausted, the market is clearly waiting for bull or bear signals.
The vise should therefore continue to...
For those who still wonder by what miracle chart analysis can work well, here's a proof:
Such proofs, I often see and they are an integral part of my publications, but I had not yet had the idea to dedicate a small Tutorial, and this proof is perfect for its simplicity and its obvious!
It is simply a question of proving that Chartism is neither a science nor...
...between the progression and the 2 ascending triangles of May 2017 and today
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
DISCLAIMER: This is not to be considered financial advice, it is my personal opinion.
Always do your own research before entering or exiting trades.
I think that if the TRX price on the BTC pair goes below the historical line in hatched yellow, it will be added to the huge list of "Dead Coins" and that should eventually gather more than 90% of Altcoins currently listed on coinmarketcap.
Is TRX part of this majority of altcoins without serious fundamentals that have only served as "Pump & Dump" for its...
My french publication of October 14, 2018 "Vous reprendriez bien une tasse de thé ?" (*) announced the color!
(*) "Do you want another cup of tea?"
It was a scenario so anticipatory 9 months ago, it could not fit perfectly with reality, but don't hesitate to consult it in my links below: in hindsight, was it so far from the truth?
Today, a first Cup & Handle and...
After a sell trade not taken on invalidation of an H & S, here is my next trade proposal :
this time buyer, on a bullish breakout of a Cup & Handle.
Positioning of the opening, target and stop loss threshold on the chart.
DISCLAIMER: This is not an investment advice. You are solely responsible for your positions.
Maybe a trade to take if this pattern in Head & Shoulders is realized,
wait for the break of his neck line to position on this confirmation.
Target = $ 9960
DISCLAIMER: This is not an investment advice.
You are solely responsible for your positions.
If you followed my last publication, you know that I could not open the long> $ 11k due to the lack of a bullish exit on the Rising Wedge.
As expected, I opened a short position on Bitcoin at $ 10200.
We had a little pullback but this time, let's go!
I told you that for this positioning, I will specify my target with a new publication here.
So we have...