Bitcoin has seen multiple attempts to break higher, we have created multiple bullish patterns, which all got violated. there are two patterns left (bullish parabola and a ascending triangle), which will have a high probability to get violated again.
How to trade this:
Stay short as long as 10.3k don't break.
-> If you manage to get a good...
Bitcoin has seen over one week of consolidation. The 10.2k/10.3k range has shown to be as important as previously mentioned, because that's the region, which directs the price. Staying above 10.3k means bullish. With decent SL management really good trades can be made. We have a lot of trend line resistance at this mark (not drawn in). What normally...
In the chart you can see a few trendlines. Each of the trendiness was drawn by using a Pitchfork.
Black: Retest areas
We have broken the "Chinese Billion Channel" (Channel from 9.1k-12.3k) mentioned in my last posts, therefore we saw a decent dip, after partial pressure got released from moving sideways.
The S&P 500 was moving in one constant upwards trend channel, since the beginning of 2016 until October 2018, when we first broke downwards.
We had lots of support points on the channel and we have always bounced back up, however right now we are starting to see major resistance from the trend channel (marked orange areas ).
This resistance and the slow...
Nothing has changed from the previous post and we are still in the symmetrical triangle. Breakout is expected, depending on the direction of the breakout, that's the trade you should/can take.
Upside break= Long
Downside break= short
How can you identify a break?
You will see it directly, when there is for example a big volume spike in the 30min chart.
Since the Chinese government started devaluing their currency the price of Bitcoin has seen a staggering increase.
Let's start off slowly. When the Chinese currency gets devalued, everything in Chinese Yuan gets more expensive for the Chinese citizens causing many to starve. On one hand Chinese billionaires can buy less in other countries,...
I will start off with a quote from my previous analysis:
"However, only one of these two big scenarios will occur:
- A straight break of 11.15k, reason for that being that too many are expecting a dip at 11.15k"
We broke straight through the strongest resistance at 11.15k, because too many normal people were shorting there and selling, expecting a dip and...
Since my last post mentioning the Adam and Eve bottom, we have almost perfectly hit the neckline.
We are nearing the trend line at about $11150 and if we manage to break it, Bitcoins price target will be at $13000+.
However, only one of these two big scenarios will occur:
- A straight break of 11.15k, resin for that being that too many are expecting a dip at...
Ethereum seems to follow BTC and has also created an Adam and Eve bottom. The target for this Adam and Eve bottom would be $279, confirmed after breaking $235.
However, we will still see big resistance at the $250, that's where the algorithms who went long will take profits.
Everything seems really bullish right now, however, nothing of this is confirmed as long...
EOS/BTC went exactly like planned in the last post on EOS/BTC.
Resistance has never broken, therefore the bullish targets were never activated and we dumped to each important area mentioned in the previous post.
Right now we are about to hit my original long entry level.
If that holds, expect a big move up, however stopp losses can be adjusted (higher risk) to...
Bitcoin held the "support line of hope" therefore we saw a bounce and didn't go to the 8k region.
We saw a pump and a breakout out of the falling wedge. What is missing now?
A possible retest of the wedge trendline again at roughly $9500.
Long entrys are all green areas marked in the chart.
However, the most important question is what will happen at $10300....
Like many other alt coins Litecoin is in a symmetrical triangle too.
Put very simple:
If $86 break we have a very high probability to hit the targets mentioned below in the chart.
If $95 break we will have a very high probability to hit all of the targets above.
Enter when one of this levels is broken, or set a stop loss a little above those levels depending...
Fast and simple analysis:
We are in a big symmetrical triangle, a breakout is expected.
If we don't break the trend line at $212, we can/will fall back all the way to $185 and make the symmetrical triangle more valid.
breaking the trend line will/can lead us to a test of the ATH and even beyond that.
All the targets for each side are really precise (only the...
TRX/BTC is currently sitting in a very important zone.
Depending on if 222sat or 240sat break first will decide in which direction we will be moving.
Now, how to trade this:
If 240 breaks: Go long, targets are lines of the red boxes.
If 222 breaks: Go short, targets are the lines of the green boxes.
Remember: At those levels a bounce/correction is expected,...
This is a very small update after the flashdip and flashpump.
Put into one sentence: Nothing has changed, everything is still in play from the previous post.
The longer and more precise version:
We dipped to the "support line of hope" (previous post) and we have fallen below it, even below the risky buying area of $9150 (brighter green support line, which I made...
Very few realize this, but we are in the most important area you could possibly imagine, this is the endgame!
In the next few days we will decide, if we will go to 16k or melt down to 3-5k or even below that and experience a total reset.
Let's start off very slowly...
We have built up a very strong support line, which is lasting since May. This support line is...