TheArabTrader

TheArabTrader

A VERY BULLISH PATTERN SIGNALING REVERSAL + RSI FORMING LOWER HIGHS

TheArabTrader

hey traders, as you can see we had a big rejection on the 5700 level, now bulls are trying to take control but we are seeing some weakness which we can see on: - the RSI, which is indicating a divergence - the descending volume which indicates, weakness in the uptrend. on the short-mid term we see a head and shoulders formation, which will make the price to...

TheArabTrader

Hi traders, as you can see we predicted harsh down from 7800. Our target to go long or to accumulate was 6850 which surpassed as the trend line of the triangle was broken. At this moment we still seeing more downside action towards the previous supports (6000 and 6450) due to: - a pennant which is a bearish formation which indicates continuation for the...

TheArabTrader

hey traders, as you can see we didn't manage to blast off the resistance which tells us bulls are not strong enough to take control hence the bears still in control, I saw so many bearish signs which I will be explaining: - Head and shoulders, which is a very bearish pattern which indicates reversal from bullish-to-bearish. - The volume still descending, which is...

TheArabTrader

Hi traders as you can see, we had a little bounce due to a engulfing bullish candle, but so many bearish signs have been following: - Volume decreasing. The volume have been decreasing since the bounce, every day the volume has been lower than the prior candle volume while price has been going up, which is a quite bearish sign, indicating that the bulls are...

TheArabTrader

Hi traders, as you can see bitcoin has been downtrending since the 10k rejection in a channel which at this moment has been respecting. At the moment looking at RSI, the weakness of the bulls which is reflected in volume, I really see a bearish scenario which will led us to the support we have been respected since April. As you can see I make a comparison between...

TheArabTrader

hi traders! we are seeing how didn't managed to break that resistance which indicates bulls are weakening. To really see a big movement upwards we must see how bulls break that resistance and starts consolidating that movement. Meanwhile, we are seeing some bearish signs which indicate that the price is set to retrace if bulls don't manage the situation: -...

TheArabTrader

BITFINEX:BTCUSD as you can see guys the pump we had yesterday was due to manipulation. Now we are seeing how the price isn't too strong to cross that resistance due to this, we are seeing candle with a big hollow up which indicates the price wants to get down. also we see how the price is going up but at the same time how the RSI indicates the opposite being this...

TheArabTrader Updated 

GO LONG WHEN TOUCHING THE LARGE SUPPORT LINE TOUCHED 3 TIMES, EXPECTING TO BOUNCE BUT ALWAYS WAITING FOR VOLUME FOLLOWING THE BOUNCE. AS YOU CAN SEE VOLUME HAS BEEN DECREASING SINCE THE DOWNTREND WHICH IS TELLING US BEARS ARE LOSING STEAM, SO IT IS MORE LIKELY TO BOUNCE OFF THE SUPPORT AND TRY TO BREAK THE TRIANGLE FORMATION, IF NOT IT WOULD BE A BAD SIGN AS BULLS...