mikedargham

mikedargham

Hello, This is the technical analysis of XLMUSD on the 4 hours timeframe using the RSI indicator. As you guys can see the price is going up and forming higher highs although the RSI is going downwards and forming lower highs which is a bearish divergence that means the buyers are losing power. The potential scenarios in this case are that we go by the...

mikedargham

Hello, This is the technical analysis for SOL/USDT on the 4 hours time frame. After a huge upside in the price action SOLUSDT has started consolidating between 28.9$ and 25$ and a falling wedge is being formed which is a bullish sign since the falling wedge is known to be a trend continuing pattern. Two scenarios might take place: The first one is that we play...

mikedargham

Hello, There are a lot of things to talk about in this chart and just note that these analysis are built on my experience and do not take them as financial advice. Lets start but the resistance level that the price is approaching. This level of 0.00000839 is very critical and important to break but at the same time very hard to break. We've already tried twice...

mikedargham

Hello, As you guys know the EUROUSD has been very bullish in the last couple days. But that might have came to an end with this bearish divergence. NB: an RSI bearish divergence is where the price is forming higher highs but the RSI indicator is forming lower highs. This might be an indicator that the price might settle in this area for a while or head back...

mikedargham

Hello, As you can see on the 4 hours chart of bitcoin/usdt a bearish divergence have been forming for the last couple days. NB: A bearish divergence is when the price is forming higher highs but the RSI indicator is forming lower highs. That indicates that the selling pressure is rising and the bulls are getting weaker. If the price action continues to do that a...

mikedargham

Today bitcoin pumped to 26k but crashed back at a fast speed to 24.6k. The price is still holding this ascending support line but we can see a strong divergence

mikedargham

AUDIOUSDT have been one of the top gainer on binance yesterday. But as you guys can see on this chart, the price is starting to drop. Many bearish signals in the charts, on the first hand, we have a bearish divergence where the price formed higher highs but the RSI indicator formed lower highs. On the second hand we have the MACD cross down which also indicates...

mikedargham

Hello, For the last 51 days we've been playing inside this bear flag on the 4 hours chart of BTC/USDT. Today we broke to the downside and that might cause a huge crash in the price of Bitcoin. What I'm waiting for before opening a short position is a successful retest just to be safer. The price target is set by a mesured move of the fall and that will set us at...

mikedargham Updated 

Merry Christmas everyone, As you guys can see on this 4 hours chart of BTC/USD, I'm using the Bollinger bands indicator which allows me to see the volatility of the market. For the last week or so the price didn't change that much and that caused the Bollinger bands to shrink indicating a big move is coming we can't say if that move is bullish or bearish but all...

mikedargham

On the daily chart of BTC/USDT we can see that we formed a lower low on the chart but a higher low on the RSI indicator. What does that mean?? So when that happens it's called a bullish divergence and it means that bears are loosing power and bulls are ready to control the market again. As of my personal opinion I don't think that we will see lower prices and...

mikedargham

As you can see on this 4 hours chart, ETH is consolidating in a symmetrical triangle and this might be the last candle stick w see before a breakup or a breakdown.

mikedargham

After 2 months in this down trend BTC finally broke and just Yesterday, the most perfect retest happened. The next move for BTC is bullish as I already published.

mikedargham

Hii guys, as we all know today was a blody day for crypto and many people suffered from huge liquidations... The market surprised everybody. Lets talk about why BTC crashed: Many reasons have lead to that loss. Fondementaly speaking the crash of FTX was the number 1 reason. Technically speaking the bear flag that we were forming the last couple weeks is the...

mikedargham

On the weekly chart of BTC the price formed the first low back in JUNE and for the last couple of weeks the price went down tremendously and we closed the lowest body of a candle last week. The thing here is that the price has formed lower low while the RSI is forming higher low. That's a bullish divergence if not broken.

mikedargham

Sorry guys I haven't posted for a while. To start the green line is a down trend we formed on the 4 hours chart and is now beeing tested. The second thing I wanna show you is the bear flag that we also formed on the 4 hours chart. Closing above the green line is bullish and will take us to the resistance of the bear flag.

mikedargham

The people that follow me have been prepared for that crash and I already spoke about it here and the targets where hit perfectly. As you can see on this chart, the price formed lower lows but the RSI indicator formed higher lows and that indicates a little bounce off that level if we continued to form higher lows on the RSI. I already told you guys about my...

mikedargham

On the 4 hours time frame the price just closed below the support of that bear flag. This es very bearish sign which indicates even lower prices. The price targets are scary. If we take the price target for the bear flag it's aroun 20600 but that doesn't mean that we are surely going there.

mikedargham

After the news about the inflation today there have been a huge dump in financial markets in general. This resulted on BTC breaking below this triangle and is expected to go lower and im taking that as an opportunity to go short. NOT FINANCIAL ADVISE!!