Hello all! After a violent fall breaking key support & a strong trend line Bitcoin has shown us new trading opportunities. The bottom support trend line represents the final trend for the weekly time frame. Many found this fall to be a strong buying opportunity and look to an upside as long as support #1 and the weekly trend line holds. We can target the top of...
Hello from Genesis Go! Here we can see the larger time frame triangle Gold is currently trading in. We are going to be searching for long positions to re-test the previous resistance trend line. As you can see on this support trend line there have been many fake-outs to the downside to supply areas with a strong demand at those levels. Keep an eye on both support...
Hello, Genesis Go here! The Bitcoin price has had a correction from the all-time high but is still in a bullish trajectory. We recently bounced off of our support #1 area and the price is looking to make another push higher. If we break the above the resistance trend dashed line then we will aim towards the recent all-time high and beyond completing a third wave higher.
As you can see Gold is forming a nice pattern. We are on the support level currently. Swing traders can look for a long with stop loss below support and target towards 1900. Scalpers can look for long positions from 1800 - 1812 and 1812 towards 1840 and beyond. Will update as price action give us answers.
Hello friends big trade opportunity here, EUR/USD has been falling for a while breaking support and trend lines while the US dollar continues higher in a parabolic fashion. Currently, the RSI on the US dollar is overbought on the daily/weekly and the Euro is oversold on the daily/weekly. EUR/USD also is forming a falling wedge near a weekly support zone. A...
Hello friends, Cardano (ADA/USD) is forming a bullish pattern called a falling wedge. We have strong support at the psychological level of $1. If our long-term bullish plan for Bitcoin occurs then we can see ADA forming a new ATH as well. ADA is presenting another buying opportunity. There has been bad news about Cardano but do not let that scare you, "bad news"...
Hello friends, today we discuss the future moves of the Bitcoin price. As you can see Bitcoin has completed its second wave and is nearing the bottom of our long-term support trend line. Here we show a possible third wave forming near or at the support level for Bitcoin. After our analysis of Bitcoin hitting 70K, we have been calling for this retracement. Now we...
Currently consolidating in a triangle pattern. Wait for a breakout and candle close above or below the structure to target the next support/resistance. Set alerts at these levels via trading view alerts to prepare for the move.
RSI Divergence (Bearish): When the price goes high but the RSI goes lower RSI Divergence (Bullish): When the price goes lower but the RSI goes higher These can indicate a shift in momentum in the underlying market. Using the RSI divergence is a great tool to help you find when the price is getting ready for a correction. Keep an eye on bearish RSI divergences on...
After our trade to the 70K top we now present our next play. Bitcoin is on a local 59K support zone. If we hold this level we can continue higher. If not we can fall onto a rising trend channel around the 52.5K area which could present a great buy position.
We are currently trading within this daily structure for EUR/USD. The support will present long positions within the green box. Conversely, we have the DXY in a rising wedge approaching the top of the resistance. If the dollar hits resistance and starts falling this will push EUR/USD to increase. Be patient and hunt those buys.
Great consolidation for the past 2 days, scalpers looking for a nice move wait for a break-out candle and attack! Swing traders refer to our other analysis.
ADA is in a Symmetrical Triangle consolidating. A push to break the triangle resistance can push ADA to a new ATH. Bitcoin increasing and price or consolidating will certainly help as well. Long-term Holders as always HODL on.
As you can see we are at the top of the channel if this breakdown Gold has a long way to fall. If we break about we can search for a new ATH. Now is the time to be watching these levels, wait for a strong break in either direction and you can have a nice swing trade.
Here is another view of the current price action of Bitcoin. Looking historically is a great way to look for future trends. We can see that during price consolidation in the falling wedge bullish pattern leads to higher prices. View the last two posts for further details. Our strategies consist of short-term scalping while viewing the overall trend for price...
Congratulations Bitcoin holders on a new ATH! Now, what is the next move? As of right now, the bulls are in control of the Bitcoin price, we are trending in a larger bullish channel. Normally when an ATH is breached the price will move much higher which will get us our potential target of the 70K+ psychological level. We are looking for similar price action from...
XRP currently trading around $1 is CHEAP! If / When the SEC case goes through you could see a parabolic move similar to 2017. Love it or hate it, XRP has a large number of partners, a solid team, and a real working product that is ready to solve issues in the money transfer space. Do not forget about this not-so-hidden GEM.
Ethereum similar to Bitcoin is in an up-trending bullish channel. We are now at the ATH resistance, a break of this resistance would push ETH to the psychological level of $5000. At this point, we could see a re-test of $4000 support to continue much higher. We are looking at a price action overlay from the 17th of June to - 24th of October.