DmitryQuail

DmitryQuail

Trading arbitrage is good

DmitryQuail

1) I can see a clear divergence formation 2) Volume is falling on this BTC local growth 3) CME is telling that Asset Managers and Leveraged Funds are shorting BIG despite this rally 4) Longs are keep falling on Bitfinex. Shorts are rising against the trend That is indeed a very weak short-term rally. I doubt it breaks 4250 and stays where. Fundamentally media...

DmitryQuail

BTC is currently pathetically trying to take a new Higher-high but it won't make it due to the lack of buying power, pressure from CME and CBOE. The former one (buying power) is obvious. Take a look at MACD, RSI Stoch and you will clearly see an immense divergence. Concerning the Bitfinex Long/Short indicator we can see how longs are being closed during this...

DmitryQuail Updated 

Hey folks, Haven't posted my analysis for a relatively long time. Honestly, I was quite busy and since February really immersed into the ICO world. Lots of opportunities on the horizon. I will let you know about my ideas very soon. So stay tuned! Concerning the situation around TRXETH it is pretty much obvious for me that the price is currently testing its...

DmitryQuail Updated 

Hello my friends! Let's go straight to the chart ----> As you can see the entire crypto market is falling down due to recent news about various exchanges being hacked and Mt.Gox bitcoin trustee selling $400 mln worth of his Bitcoins. This had a tremendous impact on the market but I am convinced that the downfall is limited. First of all, ETHUSD is currently...

DmitryQuail

Hey guys, This is my 3rd cryptocurrency T.A already and what I spotted is that almost every major crypto is following the same fibonacci pattern. The downside is limited and the reversal is almost here. If you take a sharp look at the chart you can see that LTCUSD is testing the 38.2% extension line. Notice that 61.8% local fibonacci retracement is also spotted...

DmitryQuail

Tough week, guys. Agree? Lots of news and significant volatility on the market. According to the technical analysis XRPUSD is about to make a reversal. If you take a look at the fibonacci extension you can see that XRPUSD has touched the 38.2% extension line (this line has already proved its historically statistical significance - you can easily check this) that...

DmitryQuail

Hey guys, Indeed, this was a harsh week with lots of news significantly affecting the entire cryptocurrency market. Though, according to the technical analysis the downside is limited and reversal is almost here. If you take a closer look at the BTCUSD chart you will see that the price has touched both the 38.2% extension and retracement lines $8330 ( which...

DmitryQuail

Hey folks, Straight to the chart ----> Look at the fibonacci retracement levels. Both 38.2% retraces of 2 different fibonacci retracements converged at $810. If you look left you can see previous structure low exactly at this price level. RSI is oversold which indicates a reversal. According to the fibonacci extension the next support level is at $734 unless...

DmitryQuail Updated 

Hey folks. XRP is here: I noticed that XRPUSD movement is almost dead - it scrambles down the road. Is it the path down to 0.573 Support level? Notice that this level has been already confirmed with a historic resistance level formed at 13/12/2017. So the fall DOWN this area would suggest that somebody is heavily dumping our XRP. So I called it a "You shall not...

DmitryQuail Updated 

Hey guys, I can see the opportunity right here. First of all, looks like the chart is forming a Bullish Bat Pattern. Secondly, USDJPY is currently at the descending tunnel with all resistance and support levels almost perfectly parallel confirmed. Support 2 (see the chart) confirmed with a historic resistance level formed at 10.28.2016! So it seems like if...

DmitryQuail

Hey guys. Here is my chart analysis of a ETHUSD pair. At the moment I can see a strong indication of the next support level formation. Notice that ETHUSD is currently trading in the area of 50% fibonacci retrace. You can see from the chart that it has been historically proven that $850 is a critical zone (Look at how many support and resistance levels are...

DmitryQuail

Hey folks, here is my ETH update: ETHUSD is currently testing 50% fibonacci retrace level and if breached then the road down to $785 with a further possible drop down to $723 is opened. MACD hasn't crossed yet but looks like it is about to "surprise" us. RSI is still upside. On the other hand, Aroon Down is pushing higher which suggest a very soon drop of ETHUSD....

DmitryQuail

EURGBP is testing 50% fib.retrace ---> if breaks the downside is more likely to happen. MACD crossed but and is now going further downside - almost entered into the negative zone. Notice that inside of this wedge there is a triangle patter. So i think the further drop down is really possible. Aroon UP is loosing its power over Aroon Down which means that the...

DmitryQuail

Hey folks. A little bit of FX today: USDJPY is at the bottom of the red corridor (Daily chart). If you also look at a 4h chart you will notice that USDJPY has reached the "ceiling" of the blue corridor that I constructed based on local support and resistance levels. MACD crossed at the very bottom at around (-1) area which indicated an upcoming upward momentum....

DmitryQuail Updated 

Hello my friends! BTC is here: <-----Straight to the CHART!-----> Guys I think BTCUSD has finally opened the road for a bullish trend. I can see a clear indication of that. Take a look at the RSI - It is rushing upwards! Look at MACD - both lines converged. Finally, look at the Aroon indicator - Aroon UP is above Aroon Down which is a strong indication of an...

DmitryQuail Updated 

Hey, Guys! Hope you are all doing great. Today is another perfect day so lets get into our daily analysis. Ripple is the first candidate today. Just noticed this enigmatic "breakpoint" at 0.99 level! Who wins -the Bull or Bear? RSI is probably going to fall down further a bit with an upcoming retracement - "back to the moon" ? The market fundamentals are in...

DmitryQuail

Ok, guys! I can see the real opportunity here and it tells me that the BULL is strong and won't let the candlestick break this perfectly formed corridor to heaven. Is this the road up to 400$? MA (100,50,30,9) intersection confirms strong BULL! RSI tells us nothing at this stage. Concerning the fundamentals. "Always apply both technical and fundamental analysis" -...