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Hey traders, This move is looking quite similar to the last triangle that formed on this downward channel. Notice how the triangles look exactly alike in shape and size. As we are at the top of this triangle it would be more probable to touch back down to the bottom end of it. The benefit of entering short here is that you have the historic price action on your...

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Hello everyone, Take a look at a quick draw up of the macro support and resistance lines were seeing with Bitcoin. Red = resistance Green = Support Expect high volume while the price is around these areas, and keep in mind the diagonal resistance lines around 9200 for the resistance, 4300 for support. This post serves as a reminder to always keep the macro...

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Hey everyone, Here we have another easy and low risk play on Matic. Currently, this significant support line in green is being retested from the previous surge upward. If price closes above this horizontal line, expect another push towards higher resistance lines. If the price closes below this line you can assume price will return to the green paralell...

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Hey everyone, Heres a pretty straightforward idea consisting of a wedge price pattern, and the Ichimoku Cloud. When overall trends are down, and you have a pattern like this always be prepared for the break downward. Have stop losses set, for me it is below the Cloud. Otherwise, I advise buying on the close above the red Base Line from the Ichimoku since the...

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Hey everyone, using some simple support and resistance analysis, along with trend analysis we can take a look at a potential reversal point for Ford. To start off, Ford has been getting crushed in this downtrend for 6 years. The downtrend could be reaching its dying breath as it approaches this support line that has been tested a few times before. Ford hasn't...

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General Motors has been following an ascending wedge for months now. Currently approaching the ascending support line, news of strikes from UAW members may be the catalyst that causes this asset to fail at the support line. Here we have pointed out minor and major support lines , and a theoretical path for price to follow. After a large gap down, momentum seems...

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Hey everyone, a lot of people have been really enjoying the LINK volatility and have made some great gains. We just want to shed some light on the current price and what we think. First off, this entry may be too far gone, an entry at exactly the 0.786 Fibonacci Level would have been ideal after it showed some supporting power a couple days ago. Nevertheless,...

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Hey everyone, this Bittube analysis really is quite simple. First off, we have a very strong price movement up to the Leading Span B (top of the cloud), which has shown to be a strong resistance point. This price action, of course, was backed by a large amount of volume , which is promising. As long as the bulls don't run out of fuel too early, this asset can...

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Apologies for the messy chart. I will start off explaining the main point of this idea: The Fibonacci Fracal + MACD Fractal . The MACD fractal has not happened yet, but as you can see, a similar pump in August occurred where the 0.382 Fib Level acted as complete resistance which was followed by an extreme selloff for Ethereum . Currently, that same level has...

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Bitcoin on the daily timeframe is obviously following a support & resistance combo creating a wedge. Notice how price action has stayed correlated to the base line within the bollinger bands. I have also included the Ichimoku Cloud with crypto parameters to show the confluence between these indicators. We have the wedge, bands, and Ichimoku Cloud all showing...

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ICX sitting in a steady accumulation zone for many days. This is its all time low price which is proving to be a viable support. Accumulating ICX for the next couple weeks could pay off with a small pop from this zone. Spread out your buy orders and average into a position if you wish to accumulate, look to sell portions at each milestone such as support levels,...

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Nothing special here. BIttube sitting on top of support zone, RSI is looking neutral. This could go 50/50 either direction according to the few consecutive doji candles. Minor upward trend line was broken, not a big deal since that support zone is a much stronger indicator. Balkoins.com