How important is volume on the Bitcoin chart when price is inside a range? I hope all of you know. Candlestick patterns and volume give good insights on what price is doing inside a box like the one we had since the final stages of last month.
Looking at the last swing lows there is a high probability of a long swing position for the mother of Coins. Every...
A triangle was broken recently. Now, following Carney´s principles we should be ready to go long already on this cryptocurrency hoping that BITFINEX:BTCUSD continues its uptrend on the short term up to $9K or more. Fibo levels match accordingly.
Target 1 : $ 430 - $ 437
Target 2 : $ 455 (at the 61.8 % retracement level)
SL / Cancel: Price under $ 405 shall be...
This will not make any sense if we retest and surpass the 8500´s level again at BITSTAMP:BTCUSD , if not we shall probably watch for a smooth correction down to 7400´s and short all the way down from the actual point. This measures have been analyzed after realizing the pattern of a harmonic structure.
This patterns are well known for its 80 % probability of a winning trade , this time was meant to be a short position from the 78.6 % to the 38.2 % as seen on the chart.
I will be posting before completion next time... Cheers everybody !
If we were to set new extensions from the latest lower-low before the throwback to the neckline of the inverse H&S´s and its following breakout, knowing volume is decently increasing as price moves higher, there are three main targets to watch as potential resistances for the rest of July and probably mid-August:
$7,800 ´s where the inverse H&S´s target is...
IOTAUSD came to draw a H&S's on the chart during the last couple weeks. If it was to break neckline in the upcoming days, price target is fixed almost to the exact point where 0.77 support lies. Watch out for volume during breakouts, low volume could represent a fake movement either way.
Condition - neckline broken
Cancel figure - price above left shoulder...
08/05/2018 . Head and shoulders breakout finds support at the right angle of the equidistant bullish triangle and 78.6 % Fibonacci of the latest uptrend which broke the triangle from 8810 to 9990 on Saturday 5th of May.
Target. still 10400 after measuring the height of triangle.
Show must go on, trade safe everybody !