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Current situation reminds me the same what was happenned in 14.07.2015.
The chart below is divided into two parts: upper part is a 2014-2015 period and lower part is 2018-2019.
In both cases I divided the moment of Golden cross with a blue vertical line.
In current bearish trend this is a first attempt of trend change by Golden cross and I think not the last....
I dont think that this bull flag works. During 5th and 9th of JAN we saw the same bull flag and then price dumped. But this isnt only reason of upcoming drop.
Check out margin positions ratio, LONGS are dominating.
After the recent pump BTC reached target of the falling wedge. Some of traders show on their graphs that target will be at around 4150$ but this...
Today we will review one interesting pattern in trading, which appears rarely in the world of technical analysis. The pattern can be seen below on BTC D1 TF is called a compound fulcrum. The pattern consist from inverse H&S and H&S patterns inside a wedge.
This is a very bullish pattern and sign for atleast local reversal. BTC is currently at a point where it has...
Yellow trend line has been running since 2017 and has never broke through its way down. This factor is crucial at first glance. After all, if the price goes below - this will indicate a break of the strong uptrend. And if the "whales" do not want to spend 2018 in a dull downtrend, which will mean a loss of the bulk of "hamsters" who simply leave the market and...
This is expected by my opinion of further BTC movement path.
I suppose that BTC dropped down a bit for accumulation bigger volumes for breaching the EMA200 again 11800$ level.
If you hold BTC then keep holding withstoploss at 10150$. In case of have USDT, then I've mentioned buy zone value.
This TA is an addition to my previuos one:...
Seems my previous warn about upcoming downtrend is coming true.
The only mistake is that dip was delayed a bit, than I have expected. (Posted about it on my telegram channel)
Before starting would like to clarify several points on my TA:
Two red lines are upper borders of local and global downtrend channels.
Green line is a lower border of local uptrend...