2 times the minor descending channels within the major ascending parallel channel have had bullish breakouts. We are now on a 3rd run. Every other indicator indicates BTCUSD and ETHUSD are going to continue on the long uptrend after this minor retracement. We have hidden bullish divergence + inverse heads and shoulders + breakout from minor descending parallel...
Hidden bullish divergence + Breakout from a minor descending channel + Inverse heads and shoulders (refer to links) It just seems to be so obvious. Trade with care. Watch out for the scam wicks on bitmex that are designed to liquidate longs especially when new higher levels are around the corner. Trade with small amounts nothing is 100%. Keep low leverage with...
Hidden bullish divergence as explained here means: Indicates underlying strength. Good entry or re-entry. Occurs during retracements in an uptrend. Nice to see during price retest of previous lows. “Buy the dips” We have a higher low on price and a lower low on RSI. We have been in an uptrend and this is a retracement. Everything points to a good long for...
BTCUSD price was maintaining within a minor descending parallel channel which currently could be breaking out into an already established Ascending Parallel Channel. Just sharing for your info. It all depends if this 3rd new ascending parallel channel is indeed part of a 3-way ascending parallel channel. Remains to be seen.
Just sharing some thoughts. We could be now in a 3rd of a 3-way Ascending Parallel Channel. Have to wait and see if the supports and resistances work accordingly before attempting to consider any trades.
Hourly Chart for BTCUSD has a bullish divergence forming. Means the bears are getting exhausted. Trade only what you can afford to lose, nothing is 100%, ever. Good luck!
The previous time we reached this fib retracement pocket, the price rejected and got pulled down to 230-240$ before resuming uptrend and clearing this fib retracement level heading towards 360$. Will a similar pattern repeat? ETHUSD is long due for a minor correction. Re-entry opportunity coming up. Buy dips in small quantities to get better average cost, if you...
BTCUSD looks to be in a Bull Flag pattern after that 1st wave. Breakout long trade possibility. Just an observation. Good luck!
Refer to the chart to view the 3 events or patterns that point to the confirmation of $116 bottom and the long-term uptrend with current Ascending Parallel Channel. The inverse head and shoulders at 116 bottom leading to breakout from the long-term descending parallel channel since Jun 2019 into forming of the current Ascending Parallel Channel shows a strong...
The 3 events or patterns that confirms with a very high probability that this uptrend is just in its early stages are (as shown in the chart): Event 1: The Inverse Heads & Shoulders At 6400+ bottom, the inverse heads and shoulders pattern formed that usually indicated trend reversal. Event 2: Breakout From Descending Parallel Channel At around 8200+, BTCUSD...
ETHUSD maintaining movement within the ascending parallel channel. Already stopped out in profit and waiting for re-entry? Wait for pullback near the bottom line of the ascending parallel channel. Current next target is $241 the 50% fib retracement level. Healthy pullbacks expected with price movements maintaining within this ascending parallel channel. The lines...
BTCUSD seems to be respecting the ascending parallel channel and looks very bullish at the moment. The ideal and healthy move would be to pull back within the bottom of the channel and then keep pushing higher every time. A possible pullback at the current moment could be to the bottom of the channel area which is also the 50% fib level $9592 before continuation...
Its time to think of where to place your profit top losses to ensure you have made your profit no matter what happens now, come fastin futrious.
I believe there will be a correction before further udpaude action. However rather than riskng a short trade against the glow better to wait for this correction to find it bottom and wait for patterns to play from. Good luck
Similar to BTCUSD ETHUSD is also currently moving in a parallel ascending channel. Trade safe with stop loss outside the channel area near the top or bottom channel trendline depending on if you are short or long in your trade to protect youself against the possibility of the price suddenly breaking out against you and leave you with a hard to deal with underwater...
After the beautiful inverse heads and shoulders pattern played out in what I believe was the bottom and we are not coming back here again, at least not in the near future at least till this ascending channel price movement pattern has played out. Good luck everyone and trade safe always! There are also other major signals of 50EMA crossing the 100MA and the...
BTCUSD Hourly chart showing cup and handle bullish pattern . Breakout trade possibility.
Here are the 3 most strongest signals that point to BTCUSD starting on a long-term bullish uptrend, Take your time to go through the signals through the daily and weekly charts usng the moveing averages provided. If you are still skeptical, take a look at how the price reacted when the bearish and bullish signals occurred on previous occasions. I have attached...