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Litecoin has been dominating the market lately and leading the altcoins to higher highs.
However, we are now at a very important resistance for Litecoin.
It is going to take a lot more volume to break the previous support level that has now flipped as resistance.
We are in a massive rising wedge with declining volume and bearish momentum is starting to take...
In my last analysis, I showed how Bitcoin has the potential to break out to the 61.8% pull back level that we've seen it do time and time again.
If you haven't had a chance to read that analysis, check it out here:
In this analysis, I am seeing an exact...
We saw a strong bounce off of the 61.8% fibonacci zone, but we're coming up on a strong resistance that was previously a strong support.
I like to play these Support/resistance flips the first time they test it as the supply usually keeps the price from moving through the level and they are nice shorts with a strong RR for less risk.
I have a relatively tight...
Good morning traders!
I've found a nice quick scalp opportunity on XRPH19 after we had a nice retest of previous resistance before the breakout.
XRPH19 on Bitmex has low liquidity, so it's a higher risk trade but I like the support it's held so far and I've bought these S/R flips before for nice profits on the bounce.
I'm looking at a 10X leverage trade with a...
Happy Friday Traders!
Today, we explore how Bitcoin has a strange love for Fibonacci and it's strong affinity for the 61.8% retracement level.
If this fractal holds up with this most recent downtrend, we could see a pull back to the $5100-$5300 level before deciding on it's next move..
I wrote about Bitcoin's love for Fibonacci before and the 61.8% trend...
- Falling wedge structure with a 261.8% downside support.
- Hourly and 4 hour are showing Bullish Divergence
- Double bottom on price structure with a small breakout and retest of the falling wedge resistance turned support.
- Higher risk trade due to newer listing.
HE ULTIMATE LIST OF PROVEN STRATEGIES TO OVERCOME BAD TRADING HABITS
Thank you so much for the overwhelming response on my first article even if there were a few typos and a couple math errors.
If you haven’t had a chance to read it yet, it was the Ultimate Blueprint For Risk Management and is the...
Charlie Lee will go down in the history books as having some of the greatest predictions in crypto.
I wanted to mark these tweets in the history books so people would remember the mind blowing trading genius Charlie Lee.
On March 30th, he tweeted that after Segwit, Litecoin Price woudl go up an estimated 300-400% to $14 was near the absolute bottom of Litecoin's...
I hate picking sides, especially when two of my favorite friends are fighting...
I've made a lot of money with the 200MA... and made a lot of money with the 200EMA.
I just wish they would get along, but alas...
This is a pretty unique situation for Bitcoin to be in, where the price is now trapped between the 200EMA and the 200MA.
In a very simplistic view, I...
If you don't know who I am, my name is Jacob Canfield and I'm one of the top authors on Trading View. I've been trading various markets since I was 19 years old when I bought my first options course.
After spending a decade trading in all types of markets and spending the last 3 years in the...
I like to buy on these accumulation zone set-ups when the market is 'somewhat' stable because we can see explosive moves out of the buy zones.
When the market is in price discovery, these zones can get melted like a hot knife through butter. Always understand the context of the market before making a trade.
Double Bottom on price action.
DENT is in a massive accumulation triangle that has been going on since August of last year. We've seen massive buy side volume spikes with strong support around the 22-23 Satoshi level.
Moving Averages are flattening out with 50/100 forming a majority of our topside resistance.
The RSI is starting to see some upside momentum.
The 3 day TD...
If you enjoy my analysis, all that I ask is that you like the chart, leave a comment and follow me to get notified of more chart analyis.
As mentioned in my previous analysis, I thought we'd have one more breakout and then further downside...
This is an advanced tactic that no one ever talks about, but I'm going to expose one of the biggest insider secrets in trading.
When drawing your support levels, make sure that it's as thick as you can make it. Use the biggest font possible and make sure you bold the lettering. This gives you a higher probability that the price can't fall through to lower...
It's easy to call it manipulation, but then you'd be ignoring all the technical analysis that told us we should be booking profit, hedging short, poor R:R at those levels and at weekly resistance.
If you want to play the game, the first rule is that there are no rules.
Whales will use their positions to create FOMO from retail traders and will sucker you in to...
First off, I want to start with saying trader's don't call bottoms. Anyone who is adamantly claiming bottoms is not a real trader in my opinion.
Trader's use edges, probability and win expectancy to make calculated decisions on their trading to stay profitable over the long run.
I would be very happy if it was the bottom and we went to the moon, but I want to...
Watching this bullish div forming on RVN so far sitting at previous support from initial listing on Binance.
Watching for some buy volume to move in for confirmation though.
This is an early entry for accumulation near support before a potential move.