Let's look at Bitcoin market using the 1H timeframe. The price formed a double bearish divergence with MACD and RSI. It gives a trend reversal signal and we get one more signal confirming the correction from the higher timeframes. The price broke the local uptrend line, but we did not see the falling to SMA100 and SMA200. The market continued the sideways...
If you are thinking about converting Ethereum into Bitcoin of vice versa, this post can be interesting for you. The price dropped below the uptrend line. It tells us about the trend reversal. From this moment we can consider the market as a bearish. It's time for searching for possible sell opportunities. RSI gives a reversal signal. The same goes for MACD...
The price broke the downtrend line and now it is trying to move above SMA100. It tells us that buyers are active and they have some power to push the market upward. MACD histogram and lines are supporting the upward movement. DMI is bullish and ADX line starts an upward movement. These signals support the bullish market conditions and we should search for buy...
The price reached 100.00 level but could not stay in that zone. Now we can see the 2nd attempt to reach the important resistance and maybe an attempt to break it. As the market made a good upward movement, buying now can be good only for investors who will be able to hold the coins for months or maybe years. If we are talking about short term and medium term...
The price bounced from the resistance zone formed by 165.00 and 160.00 levels. RSI confirmed the price reversal and we should expect the downward movement to one of the possible support zones. The 1st zone is between SMA200 and SMA50. Also, this zone includes 140.00 support level. If the price reaches this zone, we will be able to get reversal signals and use them...
All my thoughts about Dash market you can find in my previous post in the related ideas, now it's time to think about further market movements. The price reached the resistance level at 140.00, and we are going to get two reversal candlestick patterns. RSI is in the overbought zone, and it will be able to reverse soon. If so, we will get a solid signal...
This is quite possibly the most important message I can deliver to those of you who’ve decided to start trading in the financial market. This message is for those of you who’ve joined this Financial World viewing trading as a new business or perhaps as a way of having fun with money. I’d like to take this opportunity to impart a lesson which has the potential to...
It's the update for the previous post which you can find in the related ideas. The market gives us a reversal candlestick pattern at 5000.00 resistance level. RSI reached the overbought zone, and it will be able to provide a strong reversal signal soon. For this, the line of RSI will have to reverse and drop below 70 level. We should be ready to see the...
The price reached the resistance zone at 26000.00 level, and we have to try to understand further market movements. They can like these: 1. If the price can break this resistance zone, the market will be able to reach 26750.00 resistance where it was stopped and reversed two times in the past. MACD supports upward movement. DMI is bullish, but ADX line is still...
The market makes one more step forward confirming the strength of buyers and the high demand. The price tries to break 5000.00 resistance level and during the next few days, it will tell us about further market movements. It will be logical if the price reverses from 5000.00 and correct the upward movement. It will be good in the bullish structure which we have...
The price bounces from the support level. The reversal candlestick pattern and RSI confirms the price reversal. MACD histogram supports a possible upward movement. The market forms a double bottom chart pattern. All these signals give us a new buy opportunity with an entry level above the high of the signal candle. Stop orders must be placed below 1.12000 support...
The market formed a diamond chart pattern. Even it's not a perfect one, it can be used for trading. We have the price at the support level, the breakout above the downtrend line and new swing low higher than the previous one. The market can move upward even we have the bearish trend. If the price can break the upper line of the diamond pattern and move above the...
Let's looks at the 2nd crypto market. It did not make such amazing jump as Bitcoin, but this market had made a good upward movement before. We have a strong bullish candle confirming the strength of buyers. This signal can be used for confirmation of the further upward movement and the potential of Ethereum. Big players come back and they will be able to start...
The market made a new strong upward movement which confirmed several statements: - the bearish trend was over and we have new market conditions in the medium and long term - a new bullish trend has been started and confirmed - big players are in the game. These 3 statements should give us positive emotions and we should think about BTC trading only from buyers'...
It was a good trading opportunity for buying Tesla shares when the price bounced from the support zone. RSI confirmed the price reversal. MACD supported the further upward movement. The market moved upward, and now it's not far from possible resistance zone formed by lines and level. They are SMA50, the downtrend line and 300.00 resistance level. This zone will...
The market forms a double top chart pattern which belongs to trend reversal patterns. If it is confirmed, the market will have the potential for falling to the previous strong support at 1.5500 level. In order to get confirmation, the price needs to drop below the swing low, SMA50, SMA100, the uptrend line, and 3.0000 support level. The market will need strong...
The market formed a new resistance at 61.50 level which could stop the upward movement. The price moves sideways below this level, and for trading, we will need to wait for more signals from the market. A breakout above this resistance will confirm the strength of buyers. The market will be able to reach a resistance zone between 70.00 and 75.00 levels. Buying...
The 1st downtrend line was broken, and the price could reach the main resistance zone. It is formed by another downtrend line, 1.04500 resistance level, and SMA50. The market must have solid reasons for breaking this strong resistance. But if it can be done, there will be SMA100 which also act as a strong resistance line. It looks like the downward movement will...