We are currently testing a previous resistance made from the previous flag and we are still in a downtrend so this is a shorting opportunity. Use tight stops as there are multiple contradicting patterns at play. For now however, the only thing that is confirmed is the current downtrend.
Please note however that a break of the upper blue line could represent a...
Nice opportunity on the king of ''store of value'' who is not able to maintain its price levels of the December mania. We are heading into resistance and as long as it holds, we should see some lower prices, especially with the upcoming weekend ahead which usually brings some even lower volume.
Taking a small scalp on the pair after a quick run up. Giving myself some head room with the stop but will adjust as we break the support more convincingly. The basis of the trade is that we broke an intraday trend line and failed to make a higher high and then broke a neckline.
Taking a very small position as this is against the main trend and I don't usually...
Shooting star on the 1 hour time frame. I'll take some profits off the table at 2 for 1 ratio and ride the rest. Trade is void if we reach this high again.
The breakout upwards will have the effect of trapping some bulls so if price is able to penetrate the choppy zone, stops will be triggered and we will see a sell-off. Reaching the relative high will have the...
We are coming out of a reversed head and shoulder pattern, suggesting a reversal from the previous long term trend. We are in an uptrend on the 1 hour chart and we just had a healthy retracement and we broke the resistance line. I am taking a long here and will add as we break the neckline.
Bitcoin interest is at a yearly low in search engines and the party is over, for now. Short the break of the pennant.
1 - Double top formation target
2 - Triangle formation target
3 - Bottom of log channel
We have a long period of accumulation mixed in with a reversed head and shoulder so keep an eye out for a penetration of the neck line as this would lead to an explosive climb. Right now we are stuck into a small flag, indicating accumulation that could lead to the breakout. I am starting to look for small risk entries in view of an eventual breakout.
The volume has been getting lower and lower as we reached new highs and it seems that we are just running on steam. I am not taking positions yet as I didn't get a signal from my systems but this is looking very bad.
This is a high risk trade so I went very light but I am just feeling it. Getting long and will add as we break resistance lines. If you are the fearful type, I suggest you wait for a close above the green line before doing anything.
Took a long after a spike in volume and a stop hunt. The whales have showed their head and I am going long on the break of the range. I expect a retracement inside the range to shake out some longs, in which case I will add to my position.
I believe that we will see some lower prices in the pair in the upcoming days. As I am writing this, we are at the opening of the canadian market and we just had a huge bearish engulfing pattern on a lower time frame after a very painful run up after last week's fall. I'm taking a light position short and will add as we break new supports.
We have seen a reversed head and shoulder pattern on the H4 time frame, a breakout and a test of the newly found support. Entered a trade on a lower time frame confirmation and will see where this one will go.