I see so many people bullish on BTC right now, but what demand and supply are telling us? Let's see!
First of all, it's really important to understant that the price is going to where big players want it to go,
not where you would like it to go. Current price action shows us some interesting information about where
BTC whales want it to go:
1 bold gree arrow:...
Let's start saying something: Last time I decided BTC wasn't going to
decline anymore and that was a really good time to start playing again
with ALTs, I got REKT! That time I thought BTC was going to make a triple
bottom (so we were in a good support) so I entered XMR and NEO.
The day after, BTC keep falling and i got stopped in both positions.
Let's make a deeper analysis of BTC price action now that BTCUSDSHORTS stopped
At left you can see BTCUSDSHORTS (candles chart) vs BTCUSDLONGS (line chart).
I told you that increase was unsustainable. It was. Shorts stopped increasing
and price went up, as expected. All biased crypto twitter didn't see that coming,
as expected too. As...
Hey guys, I'm here to make an update of my last idea. Let's take a look and understand
what happened in this past 5 days.
The RSI that I mentioned was oversold exited the oversold zone as expected, than it
made a retracement and failed achieving a lower low: this is bullish and a possible
bullish reversal signal. The bearish trend I mentioned on the RSI just got...
Hello guys, today I wanna show in this analysis why I'm not as bearish as lot of the big TradingView's OPs!
Let's start comparing 3 situations that I think they look a lot with each other. As you can see on the chart,
after the big 20k bull run followed by the retracement full of panic sell, BTC headed up again and failed
reaching a new all time high (which put...
Let's analyse 2 different situation and compare them with current market.
First of all, The left chart is BTCUSDSHORTS, i.e., how many margined BTC are being used to SHORT BTC.
The right chadrt is BTC price action.
Gree situation: BTCUSDSHORTS got it's All Time High, the majority of volume was betting against BTC.
The RSI of BTCUSDSHORTS was as high as 70, which...
If there is one huge wrong idea people usually have is that to profit, they must be the side of the majority of TRADERS.
No, you DIDN'T. You must be by the side of the majority of the VOLUME. If you + 100 traders with your huge 10000 USD accounts
are making buy pressure and only one whale with 2kk USD start shorting, you are rekt.
You also should know that...
NEOBTC have been inside a falling wedge (which is a bullish reversal pattern) for the past week, today it broke the pattern
for the up side and made a throwback (testing support, former resistance). The strategy here is simple: I'm going to buy this support
and profit from the new uptrend. The risk here is quite small, just 1%, since I'm placing the stop-loss...
Current price action of BTC is making me get confident to enter some positions in altcoins again.
As we all know, Bitcoin is king and it's showing it's true power pushing all the market wherever he goes.
I think BTC is going to get less unstable and BULLs are going to rule for a while, so I believe that ALTs
are going to have some space to breath, bringing us...
BTC 1h chart is showing a reversal pattern (falling wedge) + a reversal oscilator pattern (bullish hidden divergence).
Most indicators are still bearish, but I'm trying to catch a reversal here, so this is not a problem. If BTC managed to break up the
pattern in current candle I'll not be entering the position because the R:R isn't good enough, I'll be waiting it...
Just opened a short position in BTC, let's go to the facts:
We have a big resistance at ~7770 that we just failed breaking up
RSI is a little bearish
MACD is bearish
No significant chart pattern can be found right now
Market is looking too much manipulated this week
Being that said, this is a risky positioning. Money management is a must have.
Yesterday, when I was about to go to sleep, BTC had just arrived in an important support (formerly a long resistance).
I had just been stopped in the earlier position and I spoted in the charts that probably, the down wave was about to stop
and reverse. But I had no time to wait for it, so I entered in a place I tought would be good and went bed.
I decided not...
Hey guys, do you remeber the last trade I've made? I mentioned that there was a broadening wedge possibly forming, and I think it may be confirming right now!
So I managed to enter in a position in it's support and I will try to ride it up! Let's do it!
As you can see in the 1h chart, the black lines are forming the broadening wedge (the dotted line is the rising...
BTC price is currently inside a rising wedge (which is a bearish pattern) near it's resistence. BTC is in a 4 days sequence of rise, the volume have been too low.
The SAR of 1h chart is bearish, the 4h chart is nearing the bullish SAR (which may lead to a trend reversion), MACD is showing bearish hidden divergence. And at last, but not least,
today BTC have...
Since BTC reached 9.8k, it has been moving sideways between those 2 red areas. The support have been tested and it managed to keep the price up.
Considering the RSI for 4h chart was a little overbought, this sideways movement is really healty for BTC. The RSI got down a little, making the rise more likely.
MACD is above signal line, being still favorable in both...
Today we are going to take a look at PIVX, a currency with really good fundamentals and with a recent price action that makes bears' bones shake!
As you can see, the red zone is a huge resistance zone around 0.00066 where bears usually push PIVX prices down. But now we are passing by different times. The market looks bullish for BTC and the great king usually...
After April 25th, when DCR have got a 50% PUMP in a few hours and then retracted more than 25% from the high, DCR attracted some of the spotlights to itself. Let's take a look in it's chart and try to predict what it's going to do from now on.
Since the PUMP, DCR have been moving sideways and formed a descending triangle, which is a bearish pattern. If it intend...
In the short term we may watch another dump in BTCUSD price action. The red down trendline + the green support line are forming a descending triangle which is a BEARISH signal for BTCUSD.
The right black arrow shows us that the target for this pattern is aiming for the U$ 6k support zone that we've found in the jan/feb big dip. The 38% FIB level (calculated over...