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For any professional trader the situation is obvious:
1) Rising (bearish) wedge
2) Spinning top candlestick
3) Overbought RSI on both, Daily and Weekly
4) Low volume compared to the previous bullish candle
5) Overinflated P/E
At this point, I can actually finish describing my call since it's more than enough to explain why "short" is the only way to go right...
BTS likes diamond patterns . While this is a pretty rare pattern, in the case of BTC we see them quite often.
Another diamond has been painted on a daily chart which promising a reversal. That fact, that this pattern appeared at the resistance line
that has been drawn during multiple months, gives even more weight to this signal.
In the long run, BTC is...
If you tried to trade a Diamond and got stopped 1.95% bellow, here is another good entry that we may try.
BTC may retest 6400 which corresponds with a major trendline.
BTC painting a falling wedge on 4H, the target between 7450 and 7600.
We are ~10% up since my previous call , and since so far the pattern works as expected, I want to zoom in from weakly chart to daily, to provide a more detailed view on how it goes.
As I said, it doesn't take long for every serious and experienced trader to spot all bullish signs that are on the table right now.
These patterns/signs are so big, that it is...
For any professional trader, it will take 5 seconds to figure out what is going on looking at the BTCUSD chart right now:
1) We have a huge symmetrical triangle at weakly chart
2) The price just touched the bottom of the triangle which goes along weakly EMA 200 and the next target in mid 11 000
3) The RSI in low 30's third time in the entire crypto history
NASDAQ:AMD stuck between the long time trendline and recently formed resistance at 42.50.
Today, the market closed at 42.30, but the price bounced multiple times during this week from mentioned above resistance, so let's see what is going to happen when the market will open tomorrow.
The trendline corresponding with a high VPVR's volume node and this is the...
I know that it may look a little saturated, but if you are serious about investing in AMD (which is a good idea IMO, but not at this moment), look closer and you'll find a lot of useful info.
1) Rally triggered by the launch of Zen2 processors got exhausted.
2) RSI divergence on both, weekly and daily charts.
3) Upcoming earnings (April 17, 2019) not...
BTC formed a classical continuation C&P pattern. We should retest 9400-9500 first and then take off. Important to close this weekly candle in 9-10k range, but it would be perfect to break 10k before the weekly candle will close. Bitcoin is due for some nice move. I'm looking at the area between 12 and 14k. 12 is more realistic ATM, and 14k before the first...
Price is still consolidating, and being realistic, I should say that DOGE is a Blade Runner atm.
However, EMA26 shows a strong support and while DOGE didn't close below EMA26 - the previous scenario remains valid and we can assume a false breakout. Closing below will be a sell signal, so as I said before, SL needed under EMA26.
If support is going to fail, I...
As you know from my previous chart, DOGE painting ascending triangle. Inside we can find symmetrical one, which should confirm the bullish scenario.
DOGE being disconnected from crypto ATM, but BTC still has an impact on it. Bitcoin bearishness is the only reason why Dogecoin isn't on the moon yet.
Next two days will be critically important. Stay tuned
This is a new update on this little champ.
DOGE currently painting a classic Ascending Triangle that came from the uptrend , which means we'll see a continuation of the rally .
Accumulation/distribution remained on the same level as it was at 0.007 even when price felt to 0.0050 which shows that coin being havily accumulated at any price...
BTC had a little relief rally and currently preparing to test the bottom of the falling wedge . The support and resistance lines that you see on the chart are rock solid and not just showing the pivot levels, but also correspond with Fib levels.
The lower targets are:
1) 5850 which has been tested 4 times and held, which is very uncommon. Usually,...
Hi, folks! I want to show you something that we start to forget about. EMA365 and EMA200 on daily are as close as ever before. Since I see nothing but continuation of the downtrend, they are most likely will cross eventually. Get ready!