abbasbtc

abbasbtc

so while i was busy with stuff, my idea was pending and it happened. now we move up slowly like a snail.

abbasbtc

red lines represent good short term supports(for me 15miunte trades) so there should be a small bounce each time it reaches there. after a closer look at my previous idea i noticed i was too damn late to the party. btc had already touched 9600/- and dropped. i doubt any crypto company would hire me to work for them.haha. well so the trendlines are now like this....

abbasbtc

lines, patterns and indicators all point to 10,600/- unless uncle grandpa comes to ruin everything as always.

abbasbtc

as always i look at btc charts in the past to see how the patterns were. if btc fails to hold above this price i can almost certainly guarantee a drop to 9500/- then a rise back to 10,000/- and back to support 9000/- it will have atleast 1 full day of movement at 10380-10440

abbasbtc Updated 

a drop to 192 and maybe a very fast drop to 180 and equally a fast move up, from there i believe ETH will be unstoppable.

abbasbtc

Most probable is 11800 and then to 10,000 slowly. however 10,400 is also a good support ALSO A POSSIBILITY: 11800 AND THEN TO THE MOON.

abbasbtc Updated 

to 1492 retest and then lets see

abbasbtc

these are my two possible trades.

abbasbtc Updated 

most likely gold to touch 1529 and drop

abbasbtc

red and green arrows is one idea towards 8500/- blue arrow and blue text another possiblity at 10,400 to reverse and go to new higher highs. (HIGHLY UNLIKELY THOUGH)

abbasbtc Updated 

for the sell order, wait for 5minute candle to close under resistance(RED LINE), click sell and close position at blue line. for buy order, wait for 5minute candle to close over support(GREEN LINE), click buy and close position at blue line. my way of 5minute trading NOT A TRADING ADVICE. JUST AN IDEA

abbasbtc

1 HIGH, 3 LOWS. playing in the three ranges, only buying if my 5minute scalping charts show a possible rise. buy bottom of one range and sell anywhere around top of the range, multiple times= more profits. even 0.5%profit is still a profit. 5 times=5% damn these sellers sitting at 0.382fib levels. a kick in the butt would keep them away for a while.

abbasbtc

high chance of a short term spike. i will invest 1/3 at this point. REASON. 9700 is holding pretty well. higher lows

abbasbtc

so looking at my previous analysis, it most certainly feels like shit analysis, no panic signal for me yet though. looking at the chart from another angle, previous low to high, we have seen a retracement to the 0.5 level and a so far a strong support. this shows that market sentiment is still good and a possible rise is expected. from the analysis percpective,...

abbasbtc

the other signal is in my previous analysis. am still neutral until confirmation of 2nd signal

abbasbtc

0.382 (10620/-) needs to be broken and we need to see atleast 1 bar including the wick to hold above it to see a move upwards. after that i only see a big rally upto 12200 and a drop again, NEXT IS IF WE FAIL TO CROSS ABOVE 10,620/- WHERE DO WE LAND? major support at 10k, after that fib levels at 9.5k and 9k. and 1.272 retracement 8k. I COMBINE THE...

abbasbtc Updated 

looking on the 4 hour chart, i have noticed that from the previous high, every move leads to a lower low and a lower high just gets stopped out at 0.382 fib level. however the AMAZING PART COMES IN THE DOWNWARD MOVES, the 1st drop was obviously 1 at 11,117/- followed by 2nd drop to 9880 at 1.414 and the final at 9000 fib level 1.272. my final thoughts we will...

abbasbtc Updated 

i wouldnt be shorting at this position. NOTE: ITS FOR A SCLALPING POSITION. IN AND OUT FAST