anedjai

anedjai

Bounced off support. I expect Bitcoin profits to roll into large alts. Good R/R with a low probability of it dropping below my stop-loss.

anedjai

Hourly close above previous resistance now line which now acts as support. Considering the current momentum in crypto markets, I think that there is a higher probability that Litecoin will continue moving upwards and away from the previous-resistance-now-support line.

anedjai

FETBTC Long 25/05/19

anedjai

LINKBTC Long 25/05/19

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BNBBTC Short 25/05/19

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EOSBTC

anedjai

By simply following the red downward trendline, I'm predicting that the price will now reverse now that oscillators seem oversold. Furthermore, we are at HVN if we use the VPVR and it seems that we are unable to trade above it. Jumping the gun here a bit but putting a tight stop-loss nonetheless and looking to take profit at the next HVN.

anedjai

Crude oil is trading just above a significant resistance level - there has been a few closes above and given the recent momentum we can expect the upward trend to continue. The risk/reward ratio looks favourable. Order put in for 71.40 with a stop loss at 70.90 and a take profit at 75.70 which is just below the second horizontal resistance line.

anedjai

USD strengthening as well as the political uncertainty in Italy has been detrimental to the EURUSD pair. I expect the downtrend to continue but the RSI has been oversold for quite some time now, therefore I would expect a slight pullback to the first resistance before it continuing to the next level of support. The risk to reward ratio is much more favourable this...

anedjai

This trendline has been hit 4 times making it a significant trendline. I expect the price of gold to reverse and potentially follow up all the way to the first horizontal line that will act as resistance which was previous support. Tight stop-loss at around 1282 based on previous price levels over the last few days as a major break of this trendline could see the...

anedjai Updated 

Interesting to see how the 4-9-18 simple-moving-averages react when shown on the weekly chart of BTCUSD. Theory states that when the 4 crosses the 9, it gives an alert, and we must thus wait for the 9 to cross the 18 to confirm the buy or sell signal. We can see that this has worked pretty well in the past. In regards to the downtrend we have been witnessing since...

anedjai

Using the fan principle, described in Murphy's book, we notice how these trendlines acted as support and have reversed into resistance. One important thing to note is the slope of these trendlines. Ii the trendline is too steep, it suggests prices are advancing/declining too rapidly and that the price change will not be sustained. This can be seen given the first...

anedjai

Nice bottom here where we can see an ascending triangle forming. Notice also how we are seeing an increase in the volume in regards to the white candles which strengthens the bullish scenario. Furthermore here is an excerpt from the book ' TA of the Financial Markets ' by John Murphy (pg. 138): " While the ascending triangle most often appears in an uptrend...

anedjai

Cup and Handle pattern forming which can be seen across many altcoin charts. Could the upcoming Consensus meeting act as a catalyst?

anedjai

The cup and handle pattern is propping across most altcoins. It looks like these coins are ready for a push upwards in comparison to their bitcoin value. Could the Consenus meeting be the right catalyst?

anedjai

Short-term movement towards the $8900 area.

anedjai

Looking at the log chart, and using the long term diagonal support line, we can see how the last close shows sign of a reversal based on the hammer candle. Furthermore, although we are showing lower lows and lower highs over the weeks by looking at the price, the RSI shows somewhat a different story. This is an interesting point to watch. Furthermore the 50 EMA is...

anedjai

Bitcoin broke below the rising channel (in pink) and stopped at 9.3k which was an important level based on previous price action. The fundamentals are the same, all the news that came out today doesn't mean anything substantial and traders will realise this very quickly. I expect some resistance at around 10.2k but I think we will break it and we will soon retest...