BTC perfectly bounced off the lows of the triangle and now broke above the resistance line which suggests we are moving back towards the high of the triangle. Resistance is the golden fib level at 36.8k, if we break above it we are going back to the high of the triangle, if we reject it we are probably going back to 36k then 35,5k (support) and then the the low of...
Watch BTCD closely to see what BTC will do. If we want to see BTC push up, we want to see BTCD break below the important 42.1 support level. For now this level is holding, so BTC will probably consolidate or go down a bit until/if we break this support level. Any questions? Good luck traders Remember not to break your rules Habib
BTC is at a very critical point : the top of the triangle. Right now it is struggling a bit to stay above it and we still haven't seen a significant increase in volume. I believe this move is very important as it will confirm or deny the Wyckoff accumulation (link below) and other patterns (also link below) that indicate the market will move higher. We want to see...
CAKE broke out of the triangle and is heading higher. We also have a W forming on the daily chart (pattern that is also forming across almost all coins interestingly, indicating prices could blow up, but we will have to see how it unfolds) For this pattern to confirm we will have to push and close above 20.2, which is also in confluence with the 21 EMA. If we...
MATIC is coming to the end of its pennant pattern. Pennants are very bullish patterns, if BTC doesn't dip, I expect MATIC to break to the upside. Targets are : 1.95, 2.03, 2.2, 2.32 If we break below, targets are : 1.7, 1.5 Watch BTC on the side. Any questions? Good luck traders Remember not to break your rules Habib
Looks like Bitcoin might be forming a Wyckoff accumulation pattern. If you don't know what it is, it's basically when whales manipulate markets to try an exhaust demand, and buy as much as possible at very low prices (also look it up on google to see the pattern for yourself). If this pattern is playing out, we are in "Phase B" where whales are buying at low...
After breaking below the ascending support, STEEM went and retested it on may 26 and 27 but rejected it. If we want to see STEEM back up again, we have to break the 0.65 resistance and close above it. After this, we have the major 0.78-0.86 resistance area, and if we break above it, STEEM could shoot right back up to 1.2. Support levels are 0.45 and 0.33 and a...
MATIC is near the low of its channel and the very strong support level at 1.5, providing us with a good buy opportunity. Should BTC push up, targets are 1.8, 1.95, 2 and 2.3 If BTC drops lower, good buys for MATIC are 1.2, 1, 0.85, 0.7 Any questions? Good luck traders Remember not to break your rules Habib
DOGE has been trading in a triangle and looks like its going to break to the downside. 0.28-0.3 is an important support level, and a break below it could send DOGE back to its recent lows near 0.20 If BTC continues on pushing down, this DOGE move is extremely likely to happen. However, if BTC pushes up, we could see DOGE push to 0.36, before going down again. Any...
BTC completed a heads and shoulders and broke below the neckline. We expect to see a continuation to the downside. Targets are 33.5k, 31k and then 30k. We'll see what happens at 30k and will update you when/if we get there. Any questions? Good luck traders Remember not to break your rules Habib
BTC is forming and inverted heads and shoulders. If we break above the neckline, I expect BTC to move to 42k, then 45-46k, and maybe even 50k. If this happens, I believe that this will be BTC's last push before a bigger drop, as indicators that I watch suggest that risk assets will drop. Should the drop happen, BTC could go to 20k. Any questions? Good luck...
The lumber/gold ratio is a very strong indicator of the state of the market, and how risk assets will perform. When this ratio goes down, it is signalling that risk assets will go down as well. This ratio just made a lower high and is looking bearish, so I expect it to go down even more, if it does, cryptos will follow. So be cautious. Any questions? Good luck...
BTC broke above the descending resistance line (see my last idea) and pushed to 40k, but rejected the 200MA. We want to see BTC break above the 200MA and then above 42k, which could then send us to 49k. Now, we have support at 34.5k and if we break and close below it on the daily chart, we could see BTC drop back to 30k. Don't forget to keep a decent amount of...
Watch how BTC reacts to this descending resistance trend line. If we break above it, the major resistance level is 42k, then if we break above 42k we are looking for a move to 49-50k If this trend line gets rejected, the support is at 30k and if we break below it we are looking for a move to 25k then 20k Any questions? Good luck traders Remember not to break...
TSLA definitely looking bearish right now. On may 10, we broke below the trend line shown on my chart, which could also be seen as the neck line of a head and shoulders pattern. To me, this is an important break. On top of that, TSLA broke below the 200 MA and today seems like it is rejecting it, indicating further signs of a downtrend. We have support at 540,...
After a freefall followed by a strong bounce, the market seems fine and BTC ready to start making its way back up. But we have to ask ourselves if this is not just a dead cat bounce, if so, what is going to happen? To my eyes, we have 2 scenarios : -This one is less likely, but not out of question : From here, Bitcoin will consolidate between 40-50k for a couple...
Most altcoins dropped around 50% You already know my view, I don't think the bull run is over and this is the turning point. If you have USDT buy the alts that you like, we are given an amazing opportunity right here. Any question? Good luck traders Remember not to break your rules Habib
Like I said in a previous post, the major support area is from 38 to 40k. BTC hit 38.6k and should consolidate then go back up from here. I don't expect BTC to go much lower, maybe retest 38k or dip quickly just below it, but I believe we are at the bottom of the drop. Watch this level closely as it is very important. I hope you have some USDT on the side. Any...