On the 4H chart we had as per the previous analysis (see related idea below) a TK negation. If the negation stands untouched and we hold the Fibonacci 0.618 fan line we will certainly bounce back to previous levels in the mid 7000 and then higher. Last time we had such negation on the 4H chart we rallied from 5600 to the ATH of 7900. A nice confirmation of this...
I would not consider shorting bitcoin unless we will have a TK cross on the 6H timeframe. We have a bear cross between the price line and the lagging line that is heading towards the T line but it is a very weak bear sign. Yes up to the 4H timeframe we turned bearish but on the 6H we are sitting quite strongly on the Kijun. If we enter the Kumo and only if we...
Two directions with at least 5% Profit to take. Wait for close outside the pennant and solid volume increase to avoid false breakout. Trade Safe.
Two directions from here, wait for confirmation and volume spike.
After reaching 7500 we started consolidation in the area shown on the chart. The euphoria of the Segwit2x hard fork cancellation generated a momenutm above the consolidation area showing that buyers are still in charge of this momentum. This buy spree has slowed down the expected consolidation downtrend of my previous analysis, but the pattern depicted there...
Stellar has reversed with a solid uptrend in the Kumo. Entry possible with a stop loss around the lst resistance line at the 0.00000406 mark. Enter only with a solid close above the fibonacci retracement. Very high reward ratio possible for this pair. Entry : 0.00000435 TP1 : 0.00000494 / 13% earnings TP2 : 0.00000546 / 25% earnings SL : 0.00000406 / 6.7%...
Since inception Iota has suffered a steady decline forming a huge triangle. Now there is some upside potential: Hidden bullish divergence has start to show and the decline of volume is easing. If breakout happens above the trendline the upside potential is quite significant up to 190% if volume keeps pace with the increase in price. If breakout below the...
After a solid rally with increased volume and interest for EOS we are now at what looks like the end of this descending wedge formation. Looking at the bounces in the RSI a solid recovery is possible. However there is weakness showing at PPO and MACD that still fully open at the 4H timeframe. If broke on the upside 2 TP are achieavable with low downside risk if...
Strong bullish momentum developing for this pair. Divergence indicated correctly the start of the reversal. We are at early stages, recommended to wait for confirmation above the fibonacci value. 6H Kumo entry has the same value of the 0.236 fib retracement. For profit taking there are two levels one marked by the 0.70432 price and, if there is a solid break of...
Several indicators indicate a bearish divergence for this pair. Wait for a confirmation of the bearish trend before entry. Entry options if the bearish momentum develops: 1. Kumo entry 2. TK bear rejection 3. Lagging line crosso of the Kijun In any case retracements to the Fibonacci lines indicate a robust Risk Reward ratio. As the situation develops I will...
Using cloud and Fibonacci this bullish momentum in this pair can be played as follows: Aggressive entry: Enter on the KIJUN (at the moment 3.827) will move up with the momentum so orders can be moved upwards accordingly Conservative entry: Around the support price (3.827) TP1: 3.8890 TP2: 3.9123 Stops can be placed just below support where this setup fails...
Momentum is vaning for this latest BTC rally. There is strong bearish divergence in multiple indicators and a top has likely been achieved. Between today / monday we will see price rise a little with the residual momentum that is left, then a short term correction will be likely. A short can come into play with two entries: 1. Conservative entry Wait until...
We have a big simmetrical triangle formation on the daily 2 scenario Break above with target to 422USD or Break below with target to 194USD Wait for confirmation on the breakout and keep an eye on the volume . Trade Safe.
Bearish rising wedge formed. Aggressive entry at the next touch of the top of the wedge Conservative entry at the breakout of the wedge Good luck!
Head and shoulder formed on the EUR USD daily 3 to 1 Reward / Risk ratio Trade safe.
We had a TK bear cross negation on the 6HR chart Currently BTC is respecting the bullish trendline accurately This gives a projection using Fibonacci spiral to 6700 max and a min of 5950 range in the next cycle. On the 4HR volatility has had 2 recrosses, now is on the bullish side. Furthermore the price has bounced the kumo. What is missing is a volume...
Bullish divergence on PPO/RSI stoch Rsi cross If broke upwards TP1 @ 313 TP2 @ 321 SUPPORT @ 289.5
We have many signs of Bear divergence on multiple indicators, it is possible to have a brief push to 5850 before retesting the low 5000 area. At the moment the more likely scenario is a pullback. Confirmation if bullish trendline broken. Trade Safely.