MikeMoh

MikeMoh Updated 

Looking at the daily chart on BTCUSD it is very clear that the sideways movement may be ending very soon. there are 2 major trend lines plus 1 minor trend line. we will start to pick up momentum as soon as we go pass one of the 2 main trends. Trend 1 : Major downtrend ORANGE ( representing resistance from all time high 2017 dec ) LATEST ACTION DATE -...

MikeMoh Updated 

ADA has been trading within a Triangle and getting close to break out , most likely UP. watch closely for price action.

MikeMoh

Looking at the 4H chart, you can see a very nice bear flag that is ready to take price down. wait for a break to go short. ! i moved my SL ( prev long position) just below the the prev 2 candles . good luck.

MikeMoh

Looking at the 4 our chart , we see btc broke out of minor trend line, tested horizontal Resistance and failed to break, now we forming sort of a bull flag, the last 4 hour candle is kinda of a Bullish PIN BAR, which indicates bear's weakness. a break out of 7200 R will be a good path to the test the main down trend.

MikeMoh Updated 

in our last analysis, we talked about the importance of breaking out this trend line in order to test the major trend line, as we see on the 4 hour chart we did have a candle close above the trend line which is a good sign, but i personally need to see a DAILY candle closes above the trend. the price seems to be re-testing this trend line before taking off....

MikeMoh Updated 

Looking at the 1H chart we can see that BTC still ranging withing the main Triangle we talked about in the last a few posts. but since the market is slow and it may take weeks before it breaks out to either direction, we can still trade the current market with low risks. as you can see we are forming a nice Triangle ( not a bear flag as many people think) now,...

MikeMoh Updated 

as you can see in the chart. we have a Bullish flag forming after a nice rally. breaking out this flag will give us another pump. you may enter as you see a confirmation on the 30min or 1hr chart. our take profit point should be around that heavy resistince at 7600-7800. you can also see an up trend where i expect the price to test a few times, you could use it...

MikeMoh Updated 

If you saw my last analysis on btc i said that reversal was not it , and worse was coming . if you look closely on the prev post you can see a trend line in RED which is the line you see on this post. price bounced back up really nice from there. this trend line has held since Nov - 2017 juts that some traders DID NOT see it. but it lines up perfectly. the...

MikeMoh

looking at the 1H chart there is heavy resisetnce at both Trend line and horizntal resistence. this provides 2 good scenarios. 1- going SHORT and setting a tight SL right above the trend line. 2- waiting for breakout on the 1H chart to go LONG. since I have already entered a trade on BTC I will just move my SL bellow the last low on 1H chart so that if the...

MikeMoh Updated 

breaking this RED support trend on the 15 will give us a good head for the upside to test the main down trend on the daily chart . we can enter a trade here at this point . Alterntevly a break bellow the read support line may provide us a better position to go long.

MikeMoh Updated 

BTC is forming a mix of both HS and a Bear Flag. breaking out the support in red will cause another big dip. watch out and if you are long on btc set a tight stop loss because this may not be the end of the waterfall.

MikeMoh

it is very obvious that nothing will stop BTC from going all the way to 6300 in just a few hours , the next very important support will be the trend line + support at around 6200-6400. i expect a bounce back from there to re-test down trend of the triangle. wait for entry signal around that area. if we broke through. then we can easily go to 4000 level.

MikeMoh Updated 

AUD/CAD is at a very strong support as well as a very strong trend line. looking at the 4 hour chart you can see some pin bar bullish candles formed already, it is a great chance to go long with a tight stop loss and at least 1:3 Risk reward/ Ratio

MikeMoh

ETH is at a very strong support line, pinbar reversal candle has formed on the 4 hour chart. great chance to enter now with a very tight stop-loss just a little under the last pinbar candle.

MikeMoh

Bitcoin is at major support line now. a trade with relatively tight SL can placed here. Trade at your own risk :D Trade smart !