farzinsabbagh

farzinsabbagh

BTC has a choppy market, it makes me a little bit skeptic when i am looking at candle stick patterns. but on the other hand it can be used in higher time frames, i think at least! so in the weekly time frame it seems we have a bearish engulfing candle it does not fully engulf the previous bullish candle but it covers it pretty good. with that in mind; considering...

farzinsabbagh Updated 

I prefer to short bitcoin when btcusdshorts trends upward and also when we are touching strong resistence. the market is really quite we are up to see huge volatility and it more likely be bearish rather than bullish because we are going up for 6 weeks with declining volume. remember that markets tend to show strength to camouflage weakness. this upward trend is...

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there is a chance to get long here on bitcoin but don do it in a high leverage position. just do it normally

farzinsabbagh Updated 

we broke down the upward support on rsi my own indicator just flashed sell signal. be conscious.

farzinsabbagh

in my previous analysis i thought that we are in a rising wedge and actually we broke down of it but volume was not big and i changed my mind. so i draw a channel where you can make beautiful trades and actually we broke out of it few hours ago but still volume is not enough and i think we are going straight back to the channel. so what we should do is waiting...

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Bitcoin is now breaking the upward support of rising wedge but volume is not really much. downward momentum is in play

farzinsabbagh

I can see an ascending triangle on Bitcoin specially on Bittrex chart. it's target line's up pretty nice with the lowest point of 2018 jun head and shoulders.

farzinsabbagh Updated 

projection is not speculation it is a behavioral pattern that holds a lot of significance. Now we reached first projection at 4300 level. a corrrection is needed at least to 61.8% fib level which it is around 5600 level after that duo to my last analysis on BTCUSDSHORTS in which i did a general elliott wave analyze on shorts, i excpect btcusdshorts fall to 24290...

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as u can see 60% of bitfinex users are in shorts position. it means one thing: More potential buyers and they cant do anything about that because they should buy, they owe. so i'm looking for a beautiful long position.

farzinsabbagh Updated 

rising wedge on BTCUSDSHORTS. keep an eye on this, possible shorts squeeze. high probability.

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Breakout happening ready to trade.

farzinsabbagh Updated 

may be doing TA on shorts for some of you guys is non-sense but to me is a very very good indicator of general sentiment direction. to be a profitable trader you should know the stream and swim on the river in opposite direction unless you will lose. so this the stream we are in bull market at BTCUSDSHORTS so we are still heading lower in BTCUSD. general trend...

farzinsabbagh Updated 

we will reach 3/4 triangle at 2:00 UTC today. breakout imminent.

farzinsabbagh

keep an eye on this opportunity. i would buy right now befor breakout there is to scenario: 1- we break above the upper trendline: i will sell at target 2- we break down : i stop loss so simple. trading after breakout is not right this time because market is so sensitive and we may reac target very very soon.

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may be BTC is forming a descending triangle in 30 min chart. let see what happens

farzinsabbagh

i expect ETHUSD to meet 100 level i think it's a big psychological level. if we penetrate this line and close a candle below this next target would be 60 level. but it is fantastic to buy ETH at these levels. if you want to HODL your time is near. buy the dip and have fun. blood is in the streets of crypto.

farzinsabbagh

Bitcoin and Dow has a Direct relationship with each other. because investor are hedging their dollars in stock and when stock goes down value of usd increase because people are selling stock to usd and of course it means demand for usd and consequently increase dollar index. and because we compare BTC to USD, Btc is folling stock indexes.

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Dow is below the EXP Ribbon according to Gap rule we should fill the gap and test the daily ribbon again that is the decision point.