After long time, cause COVID-19 and many new lifestyle problems, I'm really miss you. today i come back and look at the ETH charts:
This chart need to rest and give time for new wave. some element shows that eth want to rest but in this situation due to corona virus and bloody chart, lots of traders are greedy. So, they fell in love with recent eth...
If BTC chart wants to continue its up trend (I have doubt about that), it need to valid & powerful break up this resistance. it is 0.5 fibonacci line. You can see the chart reach to the up line of komo as resistance. how more, the Chikou span reached to the bottom of the candles as resistance.
If you want to make a long position, in the technical view, you have...
1 & 2 show us that this chart need to correct immediately. So, If you can earn money of last wave, Now is good time changing the position.
A & B is possible Support that can be resistance. if Support B will break down, w have to face with continuing of down trend. I don't think so. I think it is good correction.
1. We are in the 5th waves of Tech bullish market (impulsive). when we focus on the prices of several company, we know that this price is upper than real value. So, we have to ready for the next bearish waves.
2. Crypto market is influenced by Tech market. corrected wave can flow huge capital to crypto market & alternatives financial company. on 2019, Some...
Eth chart need to rest due to divergence, unbroken resistance. So you can rise your money with some good trades. look at several supports. I am sure that need to see last support. if chart will not break down supports, we will face continuing long trend.
Notice: focus on how chart will touch supports & resistance
Good luck with this little opportunity.
lots of people focus on every charts in every markets to find good solution. some of them analyze BTCUSD long or short charts to find out how capital flow.
It is not clear chart. it is best chart to see how Tether accumulated in every Bull & Bear trend. On the image of BTCUSDLONG you can see several moments which trends is against real charts. because people had...
on this chart, we face to several signal that encourage us for continuing down trend.
A & B is two top that had touched line trend. In the second touch (B) we found out chart can't make higher high.
On the Ichimoko, we face two patterns of line and Komo with 26 period. this is important reverse signal. 9, 18, 26 is important numbers for the patterns in this...
There are two options:
1. If the price will reach the last higher high, it going to touch the resistance (komo above the chart). we have to notice the price needs to show his power for higher price.
2. If NOT, then we have to except forcing the support to break down. when i focus on the history of this chart, i found several situation like now.
But, on this...
1. this is powerful support that eth reacted on March 2019. It can be a 5th waves.
2. It may come back to the resistance that was break out.
3. look at RSI,in my experience, it is good reason for returning at this moment.
But, notice. the thing is ETH is valuable more than 140-150 $ or NOT ?
How can you analyze this chart? which price is representing the best...
I publish two charts:
first: It is btc/usd weekly that i focus on two recent bearish market.
second: It is btc/usd long market and I have unexpected up trend on the same time. (picture is in Comment)
You know why???
f... this holysh.... exchange. suddenly, I remember news about relationship between bitifinex & theter. therefore, (For stupid biginner traders),...
You can see that chart intents to make new trend. But, what is the problem? How can we use the signals to interpretation of market. Buyers & Sellers try to defeat each other. in this case, you can see some different signal of victory to Buy or Sell. You have to focus and wait to appropriate time. 1 & 2 is trying chart for make UP trend but it couldn't break...
Most of the people try to make a bad position, really really bad position. because they don't notice to it:" sometimes, we have to rest". After last little up movement in BTC chart, most of the people started to find Up trend signals. Yes...There are some signal.But it is not to mean UP trend. For change of every trend, we have to remember essential condition....
1. corss is a singnal of UP trends.
2 & 3 are resistance. we have to monitoring what charts wants to do. Break to UP or DOWN.
there are powerful Komo (resistance) that btc needs to break it. If not, altcoins in 2 months later are ready to go.