These are all the possible outcomes of the market and the colored areas are bullish and bearish areas, but they can also be inverted for short selling (at your own risk, I don't recommend it!). Using this chart we can find points in which coins look cheap and buy them, by buying them cheap relative to the market in a previous time we put the sentiment of the asset...
This is a map of all the potential outcomes of bitcoin and places where there seems to be good trading opportunities, I must advice that the 1st and 2nd trade are very risky and should not be traded with much capital, the reason some trades have double rr ratios is because there are 2 targets and in my trading method I take half of my position whenever I reach a...
With the market debating weather 10,000 is overpriced or underpriced for BTCUSD it's important to see all possible outcomes to find trades. With myself believing bitcoin is worth more than 10,000 I'm looking for cheap buys. Remaining in the positions of BTCUSD Part 2 I can see price going up from its current position however some of the position was decreased to...
With the positive sentiment in the market there seems to be a very probable continuation of the bull market, and with unemployment at it's lowest wages will be likely to increase and spending will increase as well. This could further push the value of bitcoin higher however with the English bank disusing rising interest rates there exist the possibility of the...
With the huge dip in bitcoin, many people could see bitcoin at a barging price which could lead to another rise in bitcoin and with risks of inflation a volatile cryptocurrency market could be something to see in the short future. Without historic data of cryptocurrencies reacting to inflation it's not really possible to know what will happen. Since there's a...
With the corrective wave being near it's 1.618 target it's come to my attention that price action has reached a 0.618 retracement of the 1st :5 impulse leaving therefore an initiation of another impulse to a lower price, baised on previous support resistance this spot carries great wight for a reversal
with eurusd breaking the trend line it's possible we might me seeing price moving into the opposite direction to create a second up wave for this previous eurusd upmove
Baised on previous analysis posted earlier I have a bullish bias on the long term eurusd, while waiting for price to continue to rally after the retracement, this looks like a buying opportunity if price could break above the above the previous resistance
after price broke below the pitchfork price went back to test it's resistance, and price seems to be moving downwards soon
looking on a previous trend we can see that EU has recently touched the trendline for the 4th time, however, given previous supports in the 1 hour an aggressive entry could be a good idea in order to get filled. Given the MACD overextended on the previous up move, we should expect the price to retrace before going back up, though a move up could also create an...
with this wedge pattern forming it's likely we might see price rally from this valley
With the USD index leaving it's pitchfork and the EURUSD touching the 1 line in the pitchfork there is a high probability EURUSD will begin to rally again
with the DXY getting weaker and EXY getting stronger it's safe to say we will see a rally on the EU at least into the next resistance in the 4H
as price hit's the previous trend's 0.618 retracement price is likely to find support before deciding to rally
with the euro reaching a resistance in the daily and the US Dollar hitting the 0.382 retracement it's likely to see the EURUSD fall back to create a low but with political uncertainty under Donald Trump's presidency it's likely we will see customer confidence drop and the EURUSD may rally again.
after rallying into the 1.618 extension and hitting overbought territory it's safe to expect a downturn on this breakout, when setting up a Fibonacci retracement we can see that the market is looking for a support at the 0.382 where market had previous resistance, when hitting the 0.382 it would be safe to assume we could be looking for a trend continuation