Zargham

Zargham Updated 

I detailed in my previous posts that the bottom was in. Shortly after the post, we witnessed a huge short squeeze pushing bitcoin back up to the 8k levels. I prefer trading bitcoin by focusing on the larger macro trends, rather than short term moves. It helps me filter out the noise, especially since bitcoin historically does respect macro trends and patterns. ...

Zargham Updated 

Technicals As posted before, bitcoin bottom was in the 6700-6000 range. The uptrend support line held up quite nicely throughout the bearish period. Right now price is breaking up from the downtrend line. A failed breakout could see prices retracing back to the 6700 level. However, as noted in my previous post, I see no reason why the uptrend support line won't...

Zargham Updated 

Keep it Simple. Bottom: 6700-6000 range. Technicals: I've seen countless "complex" TA for the past month surrounding bitcoin, everything from around "crystal ball" predictions or using imperfect ratios with harmonic patterns to predict a fall down to the 3-4k levels. The most powerful tool in a trader's arsenal is always the most simple one: trend lines. Most...

Zargham

Ethereum has respected the upward sloping trend line tracing all the way back to May 2017. I don't see why the probability of this trend line holding now would diminish. The bottom is in the 381-401 range. This is a good level for placing buy orders for long term plays with an increase in price following the Bitcoin Consensus Conference in May.

Zargham Updated 

Part 1: WHY MOST people fail The number of people showing interest in Bitcoin and alternative digital assets is growing at an increasingly exponential rate. Some of these people may believe in the fundamentals behind the technology, while others just want to ride the wave of these mammoth sized returns. Then why are most people not making the returns that...

Zargham

Overview : A possible rising wedge could provide an opportunity to short-sell or buy back at a lower price. Arguments : 1.As we can see from the Volume indicator, the recent rise in price has not been met with much increase in volume, providing merit for our rising wedge argument. 2.An Increase in Price has been met by downward sloping movement on the Price...

Zargham

Currently price is completing its move from Leg C towards D. Keep in mind that D is a zone where price reverses, rather than an exact price point. Also note that the pattern is not valid until a move till D is seen. TP levels are marked on the chart. Would love feedback and comments :)