Firstly, the BTC has to start a downwards correction and secondly, the ETH Daily candle has to close below the black trendline which will be a confirmation for further movements downwards. At the moment, yesterday's candle made a breakout from the bearish chart pattern called Rising Wedge (thin dotted lines, pulled from the bodies) and this could be the first...
The last Weekly candle close gave us a bearish candlestick pattern called Dragonfly Doji. The mentioned candlestick pattern itself is not the greatest bearish candlestick pattern but if the price starts falling or it makes breakout from certain patterns or levels then it can be a good further indication. Considering the last bounce from $8,300 then my last idea...
Blue box/buy box criteria: 1. ABC Equal waves point C 2. Fibonacci retracement 38% 3. Previously worked support 4. Channel projection 5. Fibonacci Extension 127% 6. Round number 1.70000 7*. 4H EMA200 just below the box (1.69817) 8*. 2012 High below the support (1.69739) 9. To be more secure and if the price falls lower than the marked box then wait for bullish...
After the pump from $8,000 to $8,900 the Bitcoin price has stayed stable and it has started to move slightly downwards. The downwards movement has drawn some confirmed highs and lows and we can start to identify some good levels for further bounces/breakouts. Without a big talk, we start right away! The bounce area at $8,250 - $8,430 (blue box) As you see, the...
I have got a lot of request about EURUSD so, I would like to point out some areas where the price can make some more expected short-term movements. Firstly, the price has been on a short-term ranging range. It has drifted between 1.11 and 1.12 but in overall, the mid-term or even long-term trend is downwards so, currently, more favorable are the sell...
At the moment, the Bitcoin price and the altcoins have started to make a slight correction. Altcoins correction depends highly from BTC but just in case let's prepare for technically good entry areas and currently, let's look where it can be on the Bitcoin Cash chart. BCH has started to form a bearish chart pattern called Rising Wedge. If the price and if the...
The Bitcoin price has moved higher from the well-known price level of $8,000. $8k offered pretty good trading opportunities: - We caught a correction from 8k to 6,7k (candlestick pattern indications on the strong resistance levels) - We caught a breakout from the triangle and currently, the price has stopped around $8,800 The price has stopped just below the...
On the Daily timeframe, the price has drawn a bullish continuation pattern called Falling Wedge. The continuation pattern is valid and active after the breakout. So, wait for a breakout confirmation on the Daily chart and the wait until the Daily candle gets a close above the pattern upper trendline. The target is pretty high, probably you should considering take...
Wait for bearish candlestick patterns on the Daily chart to be more secure. Counter trend trade = a bit riskier! Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice day, Cheers!
- We have a trendline break on the 4H chart with a very strong and powerful candle. - Short-term lower lows and lower highs - Previous support level starting to work as a resistance - Previously worked trendline starts to work after the powerful break below as resistance and it should be a classical retest situation. - EMA 100 and 200 have a Death Cross on the 4H...
Here are 10 reasons why you should consider to buy Bitcoin right now and why I think that a possible next leg upwards is waiting just around the corner. 1. Yesterday's candle close was above the $8,000 above the psychological number - $8,000 is a round number and it should act as a resistance level but the price manages to close above of it. 2. Yesterday's...
The time goes by and the price draws us multiple patterns but none of them have made breakouts which can make those active/activated. Over the night BTC price made a bigger descend comparing the last few days volume. It stopped on the previously worked support level exactly on the $7,600. Currently, this level has held us several hours and let's see do this level...
Another analysis and other possible patterns around the $8,000. You should remember that the last Weekly candle close gave us a 66% probability, over a small sample size, that the price may go to the higher levels. This is our first tiny indications but we need some confirmations do be more secure about that because, as said, the sample size is tiny. Overall,...
Do you remember one of my previous post about the $8,000 level? There is discussed about certain directions on the Weekly chart after the Weekly candle close. This discussed week is over and we have to talk this through because this is strongly on the agenda. Over the past, the Weekly candle has closed above the $8,000 price level three times. Two times it has...
I have received several requests about the update so, I will fulfill your wishes ;) Last trading idea, from the strong area around $8,000 which got confirmed after bearish candlestick patterns was successful, the price dropped exactly to the lowest pointed strong area at $6,700. Really quickly it bounced back up and stopped exactly in the middle of those two...
Criteria: 1. Fibonacci golden ratio 62% 2. Trendline 3. Historically worked very strong support area 4. Descending channel bottom trendline 5. The tiny round number $0.05 Yes, pretty far from the current price but we MIGHT see some bounce also from $0.07. NB: this area is definitely not so strong as it is around 0.05! "For the most part, a typical trader’s...
Around $73, criteria: 1. Strong historical support area (orange line) 2. Ascending channel projection 3. Fibonacci momentum retracement ratio 38% Around $50, criteria: 1. Old strong price level worked as a support and as a resistance 2. The round number $50 3. Fibonacci golden ratio 62% 4. Trendline Last time we managed to discover that technically a good...
I would like to warn you about the current situation and about the current price action. The price action on the strong resistance area, "the first clean resistance" as I said one of my previous posts, looks like bearish BUT it needs confirmation and the confirmation should come after today's candle close!! Currently, the Daily candles have four rejections...