MoneyChartz

MoneyChartz

No need to explain the chart. This weekly chart is looking great. We need the price to break the trend line and close above it. Once that happens, we're hitting each and every target on the chart. Will keep updating the post depending on how the price moves. For your safety, if you do enter here, have a stop loss at the support marked. Happy...

MoneyChartz

Hello Crypto fam, Note: This is not a trading advice, but just my interpretation from the chart. Let's discuss some levels here. As you can see the rising wedge, currently LTC is trying to break that upwards. We all know that rising wedges are bearish, but this is Crypto and all this is pretty much baseless as we all know :P Jokes aside, for a healthy move...

MoneyChartz

I'll be very short on my opinion here: AAPL looks really good here. By looking at the MACD and RSI, looks like we're on our way to hit the first resistance of $125. Once we break that, it is more likely to go towards the second resistance of $137. Keep in mind, if it struggles to break the $125 resistance, we might go down for a small correction. Less...

MoneyChartz

Hey friends, BTC in a symmetrical triangle on a daily chart as you can see above. If we break out to the downwards, it won't be good for BTC. I believe it is likely to break that, but again it's BTC and it likes to do its weird thing. I've marked a few support levels to keep an eye on if BTC dips. Will keep updating. Do share your thoughts on what you think...

MoneyChartz

Hello Traders, BTC has been going sideways for a few hours now so it seems like its about to make some unexpected move here. I do see an ascending triangle on a 4H chart, which is usually bullish if it breaks out to the top. A few hours ago, it did try to break out, but failed. Lets see now whether it can make it. Short trades can be placed if a candle closes...

MoneyChartz

Hey Crypto fam, I was just trying to look at XRPUSD on a 1HR chart, and came across an interesting possible inverse cup and handle that maybe forming. First, I was like nah its not possible, but then I was like why not just put it out and get some thoughts on it from people who are looking at XRP. With BTC looking a little bearish currently, I feel there is a...

MoneyChartz

As I mentioned in my last idea, BTC was not able to break through the ascending triangle. It tried to break that a lot of times, but looked weak. As a result, we see this dip to the downward direction. I still think we are bearish and that BTC might continue to drop for the new few days. This consolidation is necessary for it to go new highs right before/after...

MoneyChartz

Hey Traders, I'll get straight to the point. I feel like from the chart BTC is going down for short-term. As we can see on an hourly chart, we seems to be heading down and so does RSI. The support levels are the key here. If we are not able to hold the first support of $6525, we're going down to the next support and so on. Even if we manage to bounce off of...

MoneyChartz

Hey guys, been away from the crypto world for a couple years now. I'm glad to be back. Not the best time to do any chart updates since BTC has been a little drunk in the last couple days, but let's take a look at LTCUSD. We have RSI at low 30's, so it's clearly oversold, but I believe LTC will retrace a bit more to the support lines before starting to give a...

MoneyChartz

Hello Traders, After being busy with work and all, I am finally back with yet another lesson. There are many traders out there who still do not understand the significance of support and resistance levels. So today we are going to go over that in detail. Note that this lesson will be only covering the horizontal support and resistance levels. I will have another...

MoneyChartz

Hello Traders, Lets take a look at ADABTC here. We know that the market has been so annoying lately when it comes to most of the Alts, but get one thing very clear, this is just a temporary consolidation that we are seeing. Coins will start moving up very soon. ADABTC, as you can see in the chart above is in a falling wedge on a daily chart. This is a mid-long...

MoneyChartz

Hello Traders, We are going to talk about ETHUSD today. Lets get straight to the chart. According to the chart above, we can see how ETHUSD is in a falling wedge currently on a 1D chart. According to me we should see a dip to around 470 before we move back up. Since RSI is pointing downwards, the price will most likely touch the falling wedge support, and...

MoneyChartz

Hello Traders, I will keep this short and simple. From the above chart, it looks like NEOBTC is in a falling wedge, and we can see a little bounce on the daily candle. Most likely this will play out our way and continue going up to the blue targets, unless BTC comes and plays its card. But plain and simple, RSI is pretty low at the moment (31.7), which means...

MoneyChartz

Hello Friends! Good to be finally back. I had been busy setting up the community website for Lets Go Cryptos. But here I am back with another TA on NANOBTC. Lets get straight to it. As we see on the daily chart, NANOBTC seems to be forming a falling wedge and the price is approaching the bottom. This is a good place to buy according to me. It is best to wait...

MoneyChartz

Hello Friends, Looks like the market is recovering a bit today. I came across NCASHBTC which looks to me as a potential buy for short - mid term. As you can see on the chart, we have NCASH in a falling wedge pattern, which we all know from Lesson 6A that it is bullish given that it breaks out upwards of the pattern. If we breakout from the falling wedge...

MoneyChartz

Hello Friends, Welcome to the series of Lesson 6. In Lesson 6B, we are going to learn the Ascending Triangle breakout pattern. This is more of a continuation pattern rather than the reversal pattern as oppose to the Falling Wedge pattern that we learned in Lesson 6A. Lets get straight into the topic. Please be very careful. We will be referring to the chart...

MoneyChartz

Welcome back to Lesson 6 traders. I have something interesting for y'all in this lesson. This lesson is going to be a series on Breakout Patterns. I will be posting one breakout pattern at a time, so it is easy to understand, and clean enough to follow. The following lessons are going to be posted in lesser time. So in the Lesson 6 series, since there will be...

MoneyChartz

Hello Traders, I am back with yet another helpful lesson for y'all. This one is a must needed for any trader, and it is extremely important to get this right. A lot of people face a situation when they buy a coin at a higher price, and it just starts going down, and you just hold it in the hopes that it will go up soon. But instead, it just keeps going down more...