Today 5 June 2020,
I saw some cautionary signs for bulls from the CME chart which I want to share here.
Quick Note: I am not bearish on BTC as long as it is holding above the 21EMA Daily.
1) Weekly RSI pattern:
On the weekly CME RSI chart I saw a trend line which has been acting as a support/resistance for almost a year now. At present we see...
Today 4 June 2020,
After a massive drop and one whole day of consolidation we still do not have clear trend direction. Price keep trading sideways awaiting another major breakout.
From the Daily chart everything still looks good for bulls as;
• BTC still holding above key MAs like 10SMA (red dots) and 21EMA (Yellow line),
• RSI although...
Good Morning guys;
We saw very nice up move in BTC taking it from 9500 to 10400. In this TA I would like to break it down step by step;
1) What Bulls are looking for?
• Daily MAs: Looking at the daily chart, all the key MAs are now facing north with Daily Golden cross continuing its bullish momentum. BTC had held the Daily 21EMA very nicely, this is why I have...
Good Morning everyone;
My yesterdays prediction for 9200 came true, in this one I want to show what could be next?
Today 28 May 2020,
BTC on the Daily chart is looking pretty interesting, there are lot of things happening here and I would like to take them one-by-one;
1) EMA setup: AS per the major MA setup BTC is looking bullish. It managed to take out the...
Today 27 May 2020,
BTC daily chart is looking good for bears, as BTC still maintaining below the 21EMA. However, the overall long-term trend is still to the upside as BTC trending above the 200SMA Daily.
From the Daily BB, I am expecting a upside move today to test the Mid-line which is coming around 9200...
We saw nice drop in BTC price yesterday, however bears still need lot of strength to show any confirm signs for the next big bearish move.
Yesterday bulls managed to absorb the blows from bears and held BTC above not only 21EMA Daily but also 10SMA Daily (This is a pretty good signs of bullish strength). Bulls also got the SMA Daily...
Here we have BTC Daily chart, and looks like BTC still holding above the Daily 21EMA, this is the key pivot for me to make my bias. As BTC still holding above it, I will keep my bullish bias as is.
Another important thing to note here is that the 55EMA on daily is starting to flat line, and by looks of it we could see Daily Golden cross negated if...
ETH has been on a very nice run, since its bottom at ~90$ it moved to 197$ with ~120% move up.
Now the question is whether this move is over or we could see more upside in ETH ?
I believe there is more upside to come 'IF' ETH manages to play good with this 2 key levels. This will not only help ETH PA but this could also help whole crypto markets...
Making a post after quite some time. I have been spending more time in my Disc group and we have been trading there with very nice gains. Feel free to check the link below.
To start with the TA updates,
At the time of writing BTC is trading within the Golden Fib pocket with 7800 as resistance and 7184 as a possible support level. I am waiting to...
I hope you all are doing well during this corona pandemic and volatile markets.
In this post I want to bring your attention to the prediction/ forecast 2020 I had published on 2 Jan 2020.
In this post I predicted that BTC will most likely drop to 4400-5200 before 15 April 2020,
The Fib circle, Fib time...
Quickly wanted to point out that LTC is trading in its golden pocket zone.
If it breaks below this pocket then we have next support at around ~60$ and ~50$, but but but... if it holds this support today then we might have golden buying opportunity here.
Next couple days will be very important including today, LTC should close above 65$ for this...
Couple days back in my updates I mentioned that BTC will most likely head back to 8800 zone. (If you have not seen that here is the link )
I do believe that PA we saw today has initiated those targets (9100-8800 zone).
Not only that we have almost perfect...
Here is what I think most likely to happen in coming days.
We do have Golden cross on Direction Trade Indicator daily and we know all these major crosses always get a re-test (similar is true for other cross like EMA and SMA crosses).
As you see in the chart, I have my most probable re-test zone plotted out, I have my spot orders and leverage long...
This will be another quick one.
If some of you guys remember, we called the exact BTC top @10200 well in advance from some basic chart analysis. We did play several short scalps and longs in my disc. group.
So what next:
> Today's drop got BTC below the upper trend line again and as of now One 4hr candle has confirmed the resistance at this line....
This will be quick update on LTC.
Looking at Daily chart I noticed an expanding bottoming pattern on LTC chart which we had been seen in the past (highlighted in blue box and illustrated above in white).
We have seen LTC break out from this pattern and then fall back to retest the top trend line as a support. Once the support is confirmed LTC had a...
Just quick update, I saw this expanding formation on BTC chart which I wanted to share with you guys. This also can be considered as a Expanding Top which is a bullish pattern buy for now I am considering this as a neutral formation.
If BTC holds above 9145 then I will be targeting the high of 9623 and if BTC manages to break above that then the final...
We all have been enjoying this bull move on BTC and other Alts, in this TA I would like to discuss about whether BTC is ready to reverse. I think most likely, Yes.
Here are my arguments for BTC reversal (I wrote this article bit earlier from the Daily close, so there will be some minor differences);
Confirmed Bearish Div:
As seen from these charts we can...
As I mentioned in my yesterdays TA, we saw BTC break above the bullish pattern (bull pennant/ bull flag) on Daily chart. The rough target estimate for this pattern is in the zone of 9200±50 $. This zone is also coincides perfectly with the 0.382Fib level as well as resistance from the previous top (arrows).
Also to mention, with this pump BTC has broken...