Just a quick update.
Turns out I was pretty accurate.
The market moved within the pattern I drew and if you went in on the support/entry zone I indicated and put a sell order on the ceiling of the triangle,
that was an easy 10%.
Congratulations on the profit if you followed my trade.
This is a small-cap market trade for quick profits.
Here I loaded up the 4h chart. We can see an ascending triangle has formed.
RSI has also formed an ascending triangle.
Next move is likely going to be a down move to hit the next higher lows.
After a downtrend, wait for a clear reversal then go in on the trade.
Just by trading within the triangle, 10% profits...
Haven't done an update in a while mostly because there's nothing much to say about the BTC market. It's found stability around the $3500 mark and we'll have to wait a little more for a clear direction.
However, the small cap alt coin market is always exciting. If done with precaution, we can make quick profitable trades.
I loaded up the 4h chart and labeled some...
Haven't done an update in a while but I'm back to share my 2 cents.
We're looking at the weekly chart to get a better view of the bigger picture. 2018 has been a strong bear year and no signs show that the downtrend is over. In fact, we could be getting ready for another move down. Couple clues that I've loaded on the chart indicates such a move.
When we had a...
With the recent plummet that not many people on tradingviewers expected, I felt like giving a perspective.
When the market plunged to $3200 and found support, many people believed that the final capitulation took place and that we'd see a steady rise back to the previous strong support of $6000.
Many traders, myself included, were waiting for a completion of an...
Apple has been getting annihilated since the 4th quarter of 2018 and the move down won't seem to stop.
Here I loaded up the daily chart and zoomed out to show the 3 instances of exponential growth and the following collapse that happened.
With such an exponential rise, a correction is only natural and its no surprise that Apple is going through a big correction...
In my last analysis on EURUSD, I mentioned that the price movement in EURUSD is drawing an ascending triangle.
The buy call I gave you guys last time was at 1.36 and I also predicted that the price would move up to the ceiling and then a push down would follow, which is exactly what's happening now.
The triangle may still be in play so we can expect the price to...
In my last post, I gave an idea explaining how Ethereum is attempting to form a cup pattern. With an upcoming hard fork it seems possible for ETH to push the price closer to completing the cup but obviously Bitcoin movement will play a key role.
In my last analysis I noted that the double top ceiling is a key level to break and that if we do break it, we'll most...
Ethereum has made an unorthodox double top formation. For a rally up, we'll need to breakthrough the ceiling created by the two tops that I've circled. If we break through that level, there's a high probability that the price will move up to create a cup in an Elliott wave formation.
The price may move down initially and bounce at the 1st level breakout...
Looking at the 4h chart, there's a clear formation of an ascending triangle. Short-term we can expect a bounce from the rising lows, which it already did, and take profit near the flat top. Giving a little room to the triangle, a break below the black line would completely negate the formation of this pattern so it could be used as stop loss. Trading within this...
I'm bullish on BTC in the long-run.
But in the midst of all the short-term analysis and the formation of a bull flag in the past couple weeks, I think it's necessary to step back and take a look at the bigger picture.
I believe that one day we're going to see a point when BTC reaches $100,000. It may seem like a far fetched idea but if you consider the...
For the past couple weeks we were paying close attention to a potential Inverse Head & Shoulders pattern formation.
We'll know within this week whether there will be an elongated right shoulder or failure in the pattern formation.
However, with the low volume and current regression trend, I think it's unlikely that the shape will form. In other...