Wait for a bearish price action from the current blue box (bearish candlestick pattern, etc.) - 2018 Low - 2019 January low - Daily EMA 50 - 4H EMA 200 - Fibonacci retracement 62% - Previously worked support level becomes resistance - Round number 0.86000 - The trendline "The market generates behavior patterns and the patterns repeat themselves, but not...
Things have a little bit calmed down after that pump to the major mid-term target area ~$5,800, and now there is a correct time to look at the charts. I mentioned this mid-term key area almost after the pump from the $4,000 to the $5,000 and now, after multiple attempts, the "clean" area is filled, the price has reached into the previous support levels which now...
1. Wait for a breakout from the triangle, the breakout will be confirmed with 1H or even better 4H candle close above the triangle upper trendline 2. Wait for a break above the counter trendline(s), the breakout will be confirmed with 1H or even better 4H candle close above the counter trendline(s) The target area is really powerful so, take your profits there...
Cardano has made a breakout from the bullish chart pattern called Falling Wedge. Market have shown some consistency and some altcoins have made breakouts from the bullish chart patterns, so as ADA. Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice weekend, Cheers! *This information is not a...
The BTC price has slowly climbed upwards to the important area/box. The bounce still came and the trendline still held up the price. Movement upwards came from the trendline after the Double Bottom chart pattern formation: Currently, Bitcoin price has starting to fight with the strong resistance area, as I said in my previous post, then this area is technically...
After that last week dump from the $5,500 to $5,000, the BTC price has moved completely sideways. Just a few ups and downs but in general in a very tiny range. Luckily, this sideways movement has occurred in an important area and we can make some conclusions about it. Why this is an important area? Because of the trendline! The trendline has worked as a strong...
I found an area which is technically pretty strong, there could be a possible BTC short opportunity! It is not so easy to find those because of the sideways movement between $5,000-$5,500 but I have something For You! The area ($5,335 - $5,400) consists of: 1. The Fibonacci Golde ratio of 62% 2. Strong Bitcoin price area, just below the $5,400, it should...
Firstly, the bearish Engulfing close below the $5.500 on the 4H timeframe and secondly the Inside Bar candle range on the Daily was the major key points which guided the price back to the trendline which was the major target on my last post (the previous idea is below of this post). Currently, as I said, the price stopped around the upwards channel bottom...
Last week, we got a really strong rejection from the higher levels which ended up with a bearish candlestick pattern! The rejection came (trade criteria): 1. From the Fibonacci golden ratio of 62% 2. From the previously worked resistance level (blue line) 3. From the previously worked support levels which now becomes resistance (orange lines) 4. From the ABC...
Blue box selling criteria: - The short-term uptrend has changed into the short-term downtrend - Nice and clean lower highs and lower lows - Multiple Fibonacci levels, pulled from the bottom to the different tops: 38%, 50% and 62% in one small area - Historically worked strong area (orange line around $1,294) - Downwards channel upper trendline - EMA200 Feel...
Today, BTC price got a movement upwards and currently, it is slightly above the one of the round number $5,500. The price approaching the major upwards target area which is the blue box. Finally, we can make and count some of the reversal/target criteria which could be a starting point to make a little correction downwards. Target criteria because, if you are...
Technically(!!) some good areas for altcoins: LITECOIN (LTC/USD) CARDANO (ADA/USD) ETHEREUM (ETH/USD) BITCOIN CASH (BCH/USD) OmiseGO (OMG/USD) STELLAR (XLM/USD) NEO (NEO/USD) From a technical perspective, these levels should be in your watch list, add here some fundamentals, watch closely what BTC does, do Your own research , etc. I try to add...
Today is a high impact news event on CAD - Bank of Canada ( BoC ) Interest Rate Decision, so, let's prepare for it. If we get pump upwards then there is a pretty strong resistance area which consists of multiple criteria: 1. Previously worked Super Resistances: - The blue line matching exactly with Weekly EMA200 which should act as a resistance - The orange...
Criteria: - Trendline - Fibonacci golden ratio - Previously worked strong resistance area - Round number 1.5000 Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice day, Best regards! *This information is not a recommendation to buy or sell, it is used for educational purposes only!
Currently, there are two areas: 1. Around 0.71000 - The trendline should act as a support - The round number 0.71000 should act as a support. - RSI Divergence Here we need one more criterion - bullish candlestick pattern on the 1h+ timeframe 2. Around 0.70800 - Previously worked support area - Different Fibonacci levels - Channel projection - Cypher pattern,...
I would like to give to you a little overview of the current situation on the BTC chart. There unfolding a pretty good selling setup but we can't forget also a breakout to the bullish side and this area is also readable so, let's start. Firstly, as you see, there is an ascending channel inside on the ascending channel. The smaller, which has black trendlines and...
Yesterday the price got a rejection downwards from the strong resistance area around $5,200. I mentioned this area because it has worked recently as very strong support and yesterday it worked as a resistance, so, it should not be a surprising move to you. Yesterday's Daily candle close formed a bearish candlestick pattern called Engulfing but it got a close...
Criteria: 1. Fibo retracement 62% 2. Fibo extension 161% 3. 2011 low 4. Previous 2019 high 5. The round number 0.96000 6. Channel projections From a technical perspective, this level should be pretty strong, add here some fundamentals, etc. Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice...