Over the weekend the price has slowly increased and it has started to approach our major resistance area around $5,250-$5,300. Actually, we can make even a wider rejection box because currently, the price is on the pretty strong resistance level at $5,180. This area was recently a strong support level and now it has started to work as resistance but still, I...
The price has drawn to us a bullish chart pattern called Inverted Head & Shoulders. It is a bullish chart pattern and the pattern actually is triggered - it has a breakout from the neckline. Right now, it makes a retest and if the BTC holds and the market doesn't start to panic then this would be a pretty nice spot where to enter into the Stellar, but sadly the...
Currently, Bitcoin Cash has made pretty nice recoveries but soon it reaches into the resistance. The resistance free area starts to become over and it is time to take some profits. Those who are in mid-term position on BCH then they should consider taking some profit around $400. Those who want to take risky short-term trades, right now, on BCH consider that the...
The short-term price structure has changed and probably we could see a correction downwards but not right now. It just looks too strange graph if it starts to go downwards right away, it doesn't match with anything, that's why I think we might see a pullback to the blue box. Yesterday we got a pretty wide candle range - around $500. The bounce downwards came from...
Technically a good entry level should be around $135: - The trendline from the bottom start to act as a support - Different Fibo 62% and 50% are in the same area - around $135 - Previously worked strong price level From the technical perspective, this level should be pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research,...
Technically a 'perfect' mid-term entry area should be the blue box, there are some lower levels also but this is the healthiest level! - Different Fibo levels - Channel trendline should act as a support - Cup & Handle curve trendline should act as a support level - EMA's act as the support levels. - Recently worked price levels (orange lines) From the technical...
BTC price is still on the "sleep mode" and there are not any clear reversal trade opportunities, that's why we have to look at breakout trades possibilities. Bullish breakout: Over the days the price has drawn to us an Ascending Triangle. It is a bullish pattern but still, it is a triangle and there are two breakout possibilities but Ascending Triangle works...
TRON could make a pretty big move after it makes a breakout above the inverted head and shoulders neckline. Actually, if we start to draw this neckline from the bodies then it has made a slight breakout above the neckline but it is not so convincing. Let's see what we get from this idea, definitely, another BTC short squeeze to the $5,600-800 will help to...
- Important trendline retest - Fibo level - 2015 yearly high - Recent support/resistance levels Please, take a second and support my idea post by hitting the "LIKE", 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!
From a technical analysis perspective, it can make a bounce downwards around 63.7-64 and the technical aspects are: 1. The major reason is the trendline which is pulled from 2016 low, second touch 2017 low, it made a breakthrough at 2018 and now, this is a classical retest situation. The 2018 breakthrough has occurred with a strong and powerful candle so this...
The blue box criteria: - An orange support line which now becomes resistance - Round number 1.06000 - A perfect Cypher pattern - Lower timeframes RSI Divergence There is also a possible breakout trade opportunity, wait for a counter trendline break, at least 1H candle close, perfect would be 4H candle close below the counter trendline: Please, take a second and...
Again, I would like to give some confirmation areas, lately those are worked out pretty well - as on my last idea post, I pointed out one consolidation area around 5k, the price made a breakout upwards, it got a candle close confirmation and the BTC price reached into the first target which was the recent high at $5,345, so, a pretty nicely worked...
The sleeping giant has started to grow, the starting point was exactly from the same price levels, from there it made a 140% growth at 20. September 2018. Plus, it has made a breakout above the major down-trendline and the retest area matching exactly with the previous "start area" Now BTC has to hold then everything is possible. Please, take a second and...
Currently, the price has drawn to us several chart patterns where we can start to make our technical analysis. There are marked one bigger Head and Shoulders and there are also a bit smaller inverted Head and Shoulders. That says already that it is very difficult to predict precisely how and where the price can go but let's try to guess it anyway. Head and...
Again, we have to analyze current BTC price movements on the Daily chart, to be said, nothing clear, mixed signs from here from there but overall the momentum should start to slow down, or not!?! Yes, exactly, the current situation is like this! Yesterday I "warned" you that we may get another pump after the breakout from the ascending triangle to the $5,400-500...
The BTC price got a very nice PUMP upwards and the Daily range hasn't been so high since 12. April 2018 - currently the Daily range is almost $1,000!! At the moment there is almost impossible to make any bigger assumption that where the price can land because the pump just happened. We catch that move nicely and to make other precise decisions then we need to...
Hi! The blue box criteria: 1. Monthly bearish candlestick patterns - February and March has ended up with Shooting Stars candlestick pattern. It is a bearish pattern and they got rejections from the trendline and from the big round number 1.0000. 2. Big round number 1.0000 should act as a resistance 3. Fibonacci retracement level 38% 4. Recently worked "hidden"...
After my last idea, where the Morning Star was the momentum indicator on the Daily chart, the price has made some nice movements upwards and it starting to reach one of a pretty strong resistance area around $4,200. Bitcoin price has climbed upwards inside the ascending channel since 8. February. The channel has one "fake out" which includes that huge...