DelorenFX

DelorenFX

Separating chart patterns to identify trade opportunities? People tell me it's incorrect to analyse btc with any other altcoin in a separate manner. Usually one would look at btcusd as one pair. Here is BTCGBP with BTCUSD in the background. BTC looking about as bullish as a pair of wet socks. It's in a converging diagonal pattern, D1. And it looks way to early...

DelorenFX

Using simple Fibs to look for entries and exits. The trend is not your friend, the news is your friend, well at times anyway. It's best to look at both fundamentals and technicals. Humans are driven by fundamentals governed by emotion. Those emotions lead to trading decisions. Thus they forget the last sentence within a flash. Take Facebook's brush with the law,...

DelorenFX

Tron looks strong in continuing it's rally, depending on btc's lead. Looking bullish while looking bearish at the same time. Buyer sentiment is not apparent and a failure at .00012000 may give a H&S pattern and a short opportunity to retest the break out at .0006000. A double bottom at .00012000 would give us reason to look for long entry to target .00016000 or...

DelorenFX

The correlation between btc and bch is more just a fork. The movement in price is near identical. Regardless of what altcoin is being compared to BTC. You can use BTC as an index chart to gauge buyer or seller sentiment to trade your altcoin/usd etc. Here are two charts. the top being BTC and the lower being BCH. Both are forming similar head and shoulder reversal...

DelorenFX

That's what people do when all is red. They SELL. Neo took a hit along with the rest of the market, however it maybe forming a classic H&S pattern. A nice reversal pattern. Being patient is key.

DelorenFX

Btc making text book patterns. No candles required. Confluence with other crypto assets give potential indication of next price points. Here we have conflict. Btc forming a bearish yet to complete head and shoulders pattern. There is no confidence at this point. However Qtum has broken past the last high. on this time frame. Without btc making a positive move....

DelorenFX

BTC formed a falling wedge within a lager symmetrical like diagonal, both bullish. The Neo break out was signaled by BTC break out. A small test confirms there are no sellers and neo rallies, reaching $90. And btc touching resistance for the third time failing to break it. Strengthening the pattern. ( given confidence to a low time frame short). Thus time to...

DelorenFX

Btc indication of potential Ether price move. Could it play out like this again?

DelorenFX

Do you see the correlation in pattern and price? Do you see the information? Waiting on a further pattern confirmation of BTC to confirm a breakout.

DelorenFX

The play. Multiple areas giving us confluence. Looking bullish, a possibility for a few days. Take caution of a sell off at 2100. Hold or get back in near 2000 for the last final at 2400. Only my analysis and idea, not a recommendation to trade. Way up your own risks. Play it safe :)

DelorenFX

The idea is analyse the pattern not the label. Looking for bottom of inverted Head &Shoulders. Fib on lower timeframe to target entry.

DelorenFX

You may have thought that Ether and Bitcoin move independently. Or have attempted to trade one against the other. Here is a clue as to how price moves somewhat slower on a lower scale, when looking at Ether compared to Bitcoin. Yellow, being BTC. Kind of like trading DJ against NAS in a way. There are many matching points of support/resistance, confluence - a...

DelorenFX

This correction has taken approximately two years. We are near exhaustion. There does not appear to be confidence in the pair, long term. A small rally is likely on the breakout. With multiple indications that we may revisit sub 0.6800's & long term 0.6200's I see no further break above 0.8100. I'm looking for price action & confluence to support this idea. Small...

DelorenFX

Analysing fun, Drill down to lower time frames to see a rally- not interested? Ok. Drill down to a lower time frame such as the 30min, 1hr. Look to sell next high. Of course no action without supporting evidence to the potential move. The usual patterns will play out. It's a little lower right now than I'd like to sell at. I'm always looking to save some coin...

DelorenFX

Multiple patterns & patterns with patterns, price action, volume history, and many other signal indications and text book set ups. This is setting up for a sell off. You may look for the head and shoulders, add in your Fib to target lows or entry points or even use EW & SR. It's looking good to me anyway. Quite a beautiful structure actually, lets see how she...

DelorenFX

I see more shorting opportunities for now.

DelorenFX

Waiting, waiting, no action without evidence to support the idea. :)

DelorenFX

Looking at the long term prospect rather than the 3min chart ;) Do you analyse higher time frames?