Last week (April 27) I published the following trading plan: The idea was simple. As long as Bitcoin found Resistance on the Lower Highs trend-line (of the 65k High), it would pull back continuously to the 4H MA50 (blue trend-line), similar to the late March test of the (at that time) Lower Highs trend-line. The last barrier to break before the bullish...
Cosmos has been consolidating since the February 15 top. There is still room for more sideways movement within the green zone as it happened during the last consolidation phase from September to December 2020. When the price hit the 1D MA200 (orange trend-line), it started making Higher Highs again. You have the time for sideways profit until a 1D MA200 takes...
Pattern: Channel Up on 1D. Signal: Buy as the price rebounded within the 1D MA50 (blue trend-line) MA100 (green trend-line) zone, which has been the strongest buy signal since June 2020. Confirmation when the LMACD forms a Bullish Cross. Target: 115.000 (just below the 3.5 Fib extension and the 1.5 Fib level of the Channel). ** Please support this idea with...
Tomorrow is the last day of the April. Every year at the start of May investing and trading forums are flooded with the old street saying of "Sell in May and go away", especially from sellers who are already deep into short positions. But how accurate is this saying for Bitcoin and S&P500 in particular. A simple display of both on the monthly (1M candle) chart...
Monero is seen very effectively on the Fibonacci Channel formation but since August 2020 has been trading within a Bullish Megaphone pattern. The peaks have matched well with the Fib levels of the Channel with the current one being at 2.5. Every peak is on the 1.618 Fib extension from the previous bottom. Also every peak is made on or right after the LMACD...
The pattern on DOGE is a Channel on the Fibonacci scale since last November/ December when the 0.005 High broke. Since then, every High crossing has resulted into a break-out towards the 3.0 Fibonacci extension. Every consolidation phase traded within a maximum of 2.00 Fib interval. The current is within the 3.50 - 1.50 Fib levels of the Channel. Assuming that...
Pattern: Channel Up on 4H. Signal: Buy as the price successfully tested the 4H MA100 (green trend-line) and the 1760 level (was formerly the Resistance for 1.5 month) as Support. The 4H MACD made a Bullish Cross. Target: 1795 short-term (right below the 1D MA100 (yellow trend-line), which is holding as Resistance since January 08) and 1830 medium-term (right...
Pattern: Fibonacci Channel Up on 1D. Signal: Buy as the 1D MA50 has been supporting an uptrend since December 2020. The RSI rebounded exactly on its Higher Lows trend-line on its own Channel Up. Target: 0.40 and 0.60 which is where the 4.0 and 4.5 Fibonacci extensions are respectively. ** Please support this idea with your likes and comments, it is the best...
Pattern: Channel Up on 4H. Signal: Buy as the price is rising following a (near) Higher Low on the pattern. Target: 7120 (the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
BTCUSD has broken above the 4H MA50 (blue trend-line) yesterday, restoring the bullish sentiment on the medium-term. In order to do that on the longer-term two, there is only one barrier left: the 4H MA100 (green trend-line) which happens to be just above the Lower Highs trend-line that started after its most recent All Time High (ATH) of April 14. ** Similar to...
Pattern: Channel Up on 4H. Signal: Buy as the price rebounded on the Higher Lows trend-line of the Channel and is supported by the 4H MA100 (green trend-line), which has been the Support on the November 2020 - February 2021 uptrend. Target: 66.00 (just below the 66.40 Resistance). ** Please support this idea with your likes and comments, it is the best way...
EURUSD is currently testing the Lower Highs trend-line that started after the January 06 High. This is technically the most important Resistance on the long-term and the trend-line to beat if this bullish trend is to be extended. The 4H MA50 (blue trend-line) is supporting but perhaps the most interesting development is on the 1D time-frame where there are...
BTC is on the 2nd straight red week (1W), which even though it is not something uncommon neither for the current Bull Cycle (had such streak both in March and January) nor the previous (2016/ 2017). Nonetheless, this weekly weakness is scaring off most traders as panic selling does usually when it kicks in. However I have a new RSI/ MA analysis (on multiple...
Pattern: Channel Up on 1D. Signal: Buy once the price enters the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) Zone. The RSI is already waving a bull flag for those who seek more risk. Target: 12.350 - 15.250 (depending on where the low will be in order to calculate the 1.786 Fibonacci extension). ** Please support this idea with your likes and...
Back in January 05 (2021) I posted the following idea that (understandably to some extent) was received with some skepticism by the trading community: ** The Fibonacci Channel and the 1.0 Fib lower rule ** As you see the $1900 target was achieved even before my March deadline, but the most impressive thing is how Ethereum managed to trade so accurately in...
Those who follow me for quite some time know that I am a frequent user of the Pitchfan method. On this study I present a very interesting approach using this tool that reveals how Bitcoin may trade in the next 4 months! ** The Pitchfan approach ** As you see on the chart I have applied the Pitchfan on the first Higher High and first Higher Low (September 2020)...
Pattern: Channel Down on 4H. Signal: Two sell positions, one now and the other in the event of a 0.786 Fibonacci spike, similar to what took place after the previous two 4H Golden Crosses. Target: 90.350 (the bottom of the Higher Lows Zone). Most recent DXY signal: ** Please support this idea with your likes and comments, it is the best way to keep it...
Pattern: Channel Up on 4H (blue). Signal: Buy as the breaking of the 1.382 Fibonacci extension (former Channel Down Fib Resistance), signals a buy continuation for the pattern and invalidation of the Channel Down (similar to November-December). Target: 1.21800 (top of the High Volume Resistance Zone of 2021). Most recent EURUSD signal: ** Please...