- Fibo Extension - Channel - Waves - Round nr. Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice day, Cheers! *This information is mostly used for educational purposes only!
- Semi-round nr. 1.62500 - Fibonacci Golde Ratio 62% - Fibonacci Extension 200% - Parallel channel projection - 2016 High - RSI Divergence on the 1H - Shooting Star on the 4H 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! *This information is mostly...
Some trendlines make a crossing area exactly on the round number 1.29000. It is a possible retest situation and as always wait for a bullish candlestick pattern from the marked area, at least 4H! Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice day, Cheers! *This information is mostly used for...
Here is a quick overview of the $8,000 level. Definitely, it is an interesting level and interesting are also conclusions below in this analysis. Historically it has been a very strong area, multiple times it has worked as a support level and as a resistance level. If we start to count those rejections (smaller and bigger) then we get 10(!) rejections from the...
Currently, the price is on the pretty strong resistance area (orange lines) and soon there is also an important trendline which should act as a resistance level. If you are a short-term or mid-term trader and if you want to buy it right now, then I have to say - do buy it on the tip and do buy it near the strong resistance is definitely a mistake, we need to wait...
The trend is your friend! Amazing news from CAD, trendline break and retested it already. Technically and fundamentally bearish! Hopefully, it was helpful, feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice day, Cheers! *This information is not a recommendation to go "LONG" or "SHORT", it is mostly...
The consistency, the consistency, the consistency - I have mentioned it multiple times and again it is the major indication in the crypto world. As you see those last candles getting bigger and bigger after every candle, that is exactly what I mean by that but let's take a look about the current situation. First clean resistance areas: Here, around $8,000, we...
The higher area consists of: - Fibonacci retracement 38% - Strong area, only strong candles have managed to crack this level. - The semi-round number $70 This level should hold us if the BTC price doesn't drop below $4,800 The lower and the better entry point would be around the $50 - Perfect Fibonacci retracement 62% - Fibo retracement matches exactly with...
Technically a 'perfect' mid-term entry area would be $8.5-$10, criteria: - Different Fibonacci retracement levels - The round number $10 - Previously worked resistance areas which now becomes support levels - Curve trendline from the bottom From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC...
Technically a good entry level should be around $1.5: - The trendline from the bottom start to act as a support - Fibonacci retracement/golden ratio 62% - Previously worked strong price level - The round number $1.50 From a technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research,...
Break above the trendline with a very powerful candle! Wait for a trendline and strong area retest, there is also Fibonacci 38% which is a great retracement ratio considering that momentum! Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice day, Cheers! *This information is mostly used for educational...
Weekly: On the Weekly chart, we have a bearish candlestick pattern called Evening Star. It got a rejection from very important levels as a trendline since 2018 March, yearly highs and lows, round number and 50EMA. Daily: On the Daily chart, we can see that the major counter trendline has broken. The bigger trend is downwards and this counter trendline was a...
- Round number - 2014 yearly low - Fibonacci Extension - ABC equal waves C point - RSI Divergence on 4H - Previously worked support levels - The trendline since Oct. 2018. The touch has to be pretty quick because of the trendline. The ideal area is slightly below the trendline and if the price stays there for a while then this could be a bad sign because then we...
EURCHF is almost ready to make a 4H candle close above the counter trendline, which is also the mentioned breakout confirmation. If the candle close is too high then wait for a trendline retest! The trade is active ONLY after the 4H candle close above the counter trendline!! Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from...
Blue box reversal criteria: - Previous resistance becomes support - Fibonacci retracement 38% - 4H EMA 200 - Daily EMA 100 - Historic trendline (sadly not so significant) - Round number 1.67000 EURNZD is on a short-term uptrend but fundamentally a bit mixed signs. Also, the drop from the top has been too sharp, better would be a bit smoother downwards movements...
Here we need to wait for a rejection from the marked box. The box consists of several price action criteria which indicate that we could see a short-term bounce/reversal. Trendlines, round number, ..., 1H possible double bottom formation on the trendline and etc. As said, wait for rejection on the 1H timeframe. Feel free to support my idea post by hitting...
Again, I'm here to give you a little overview of the current market situation. The market is very weird, BTC flying, altcoins are on the downswing (today they have started to make first steps to higher prices), the BTC price has cracked strong resistances after another, etc. Just to bring technically good levels, I'm here to make a little technical analysis....
Now, more than four days, the Bitcoin price has danced around the first strong price level between the mentioned super-strong resistance at $5,777-$6,106. Those orange lines mark three Monthly lows from 2018: June, February and August. Yesterday the price reached almost to the $6,000 but it didn't get a close above the August low at $5,900 . Five(!) rejections...