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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Good morning traders,
Since most of the alts are down, and cheap, it might be the right time buy some of the strong ones.
Lets look at XVG here:
Current price holding inside the triangle as you can see it on the chart. It is very simple, If we breakout of the triangle to the top, look out for the blue resistance levels and you can consider those as targets, to...
Since, most of crypto world is under panic because of BTC right now, I decided to put out a support level guide for all of you out there with some crucial support levels and patterns for BTC.
Lets dig straight into it. I always try to explain the charts in simple terms, so people who are new to this also understands.
As we can see in the chart,...
I will be short and to the point in this post.
NEBLBTC looks like it will breakout from the red triangle.
If you see the chart, we have MACD, and RSI pointing upwards, and MACD might also cross the zero line.
We have the red triangle to breakout first.
Consider the red horizontal lines as the targets for now. They are the resistance based on...