How are you ? What do you do in the market fluctuations ?
In these days, many people are afraid of the fall of the bitcoin and ask me what will happen ? If you remember, in my last analysis I had predicted this conditions and prices. I said before the uptrend started, price will touch the bottom of descending triangle pattern.
And now with look at weekly...
Hi guys. Whats up ? What do you do in bearish market ? ;-)
In these days we are in very important zone, but why ?
As you see in 240 time frame, after December 17, 2017, BTCUSD moved in the descending triangle and couldn't breakout this pattern until now.
We are near the end of this pattern and the bitcoin should make an important decision. Up or Down ?
Today i'm in here with a nice viewpoint for you! when we have in a market, we can draw many of major and minor patterns to get the range of market moves.
Also you can get good idea from kumo of ichimoku, especially when you can draw patterns on them. Look at the chart for seeing several scenario and 2 long term T.P in the future.
Have a good and profitable trades.
If you look at LTCUSD chart you understand we have good opportunity for long position in coming days. Maybe ask me why ?
1- We have very strong support in 115 $ from past of the market. If you zoom out the chart and refer to the past, you see that this level has been touched more than 10 times, so we are faced with a very strong and reputable support.
We are in downtrend at ETHUSD and have a good opportunity for a short position. But why ?
1- In the downtrend, we see a rising wedge pattern and we know that the rising wedge is a continuation pattern but you don't forget that we need confirmation for the entry point.
2- If we focus on Ichimoku, we see that Kijun sen has flattened (Equilibrium) and tenkan...
Litecoin after touched highest high at 370 $ entered to Bullish Flag Pattern and as you all know, this pattern is a continuation pattern.
In recent days we saw the candlesticks tried to break this pattern but couldn't do this ! If you focus on Stochastic oscillator you see MA signal (blue line) cross major signal (orange line) and both of them left the overbought...
As you see, the price compressed in the Flat Bottom Triangle (Descending Triangle) pattern and we know the descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns....
When price touched highest high at 4.4 $ on December 19th, 2017, candles entered to the falling wedge pattern and we know this is a continuation pattern.
When draw retracement fibo from point C to D we see the price reverse from % 78.6 level and we can also see that our Fibonacci level (% 78.6) is fully coincident with our strong support level (1.4156 $) and for...
In 6 feb analysis on BTCUSD chart, we saw the Harmonic pattern (BAT) were completed and candles reverse from the end of pattern.
I see a new pattern in daily time frame today. If you focus on the chart you see the Falling Wedge pattern. When the candles breakout the top of pattern you can go for buy.
furthermore you must pay attention to 9987.1 $ level because...
we had a strong downtrend in the last days and we saw that the price arrived to 565 dollars !
After that, at the 30 min time frame we see the price enter to Rising Wedge pattern.
In the Margin market, if bottom of pattern break with the bearish candlesticks we can going for sell position.
Furthermore in 765.22 & 717.33 levels we had fake breakout and price must...
In daily time frame we can see the price enter to the rising wedge pattern.
Furthermore we see the major wave retraced until 71.8% level and we know this level is very important in the Fibonacci retracement !