telensky

telensky Updated 

BTC seems to be forming reverse H&S on the hourly. If it breaks 6500-6534 (6534 being hourly EMA 100 average, which is already good proven strategy to go between bullish and bearish) and holds, it is short term bullish - with two possibilities: 1) the 6900 - 7000 target, as I predicted in this longer-term analysis: 2) the bulls will be weak and it will form...

telensky Updated 

(sorry guys had to post this again, TV has horrible issues when posting ideas, see below... that's why the "2nd version" in the title) LONG TERM I'm sure this will piss off a lot of people :-), but all that is happenning in Bitcoin since January is that the huge bubble is pulsing, like ping-pong ball off the table, like an echo of a huge impulse. No real...

telensky

Bitcoin seems to be forming a perfect ballistic curve! While there is officially no such pattern recognized in trading (not that I know of), it is very interesting to look at the "physics" behind it. How does ballistic curve form? Ballistic curve normally forms when an object is shot with a certain velocity, in the gravity field*. It gets momentum upwards only at...

telensky

Bitcoin is forming a descending triangle, which could indicate reversal of the uptrend for a temporary drop. This could be forming a right shoulder of reverse head and shoulders pattern. The previous support level at 6200 - 6300 doesn't have to be necessarily held, it could drop as low as the left shoulder did. What do you guys think? PS: note that both patters...

telensky

As you may have observed, trading on Binance wasn't working today for several hours ("maintenance purposes"). Now in the Binance app I see this message, one hour old: "Fellow Binancians, Due to a warning from a pre-trade check in our risk management system, we will postpone the start of trading and withdrawals. Please stay tuned for more information regarding...

telensky

Could it be that bitcoin is in falling wedge? If yes, the likely destination is around 5400-5500 USD. Then the reversal of the trend and break up could possibly happen. I'm a beginner, more than stating something I just want to encourage discussion, and I appreciate comments from more experienced traders :-)

telensky

Hi guys! Most of you right now think of this symmetric triangle, continuation pattern and BTC breaking down. However: 1) As someone noted, the same situation was there in April lows, and the symmetric triangle broke upwards! 2) I also see possible reverse head & shoulders pattern on my chart - I denoted the possible outcome by blue arrow. But I don't really...

telensky Updated 

I am observing this beautiful bull flag whole night but I would already want to go to sleep :-D So I decided I to put a buy stop loss order to automate the process. The bull flag trade is usualy traded at the breaking poit at the top of the flag (see e.g. www.youtube.com) - which would be 5719 EUR for the current candle. I wanted to place stop loss at 5730 EUR,...

telensky

Hi guys! I found an interesting pattern in Bitcoin 0.68% right now. There is an ascending support line and descending resistance line. I've been trading on them successfully right now, placing buy orders on the low support line and sell orders on the top resistance line, and it worked! Those lines were able to predict them very precisely! So this is nice...

telensky

Hi guys! I found an interesting pattern in Bitcoin right now. There is an ascending support line and descending resistance line. I've been trading on them successfully right now, placing buy orders on the low support line and sell orders on the top resistance line, and it worked! Those lines were able to predict them very precisely! So this is nice strategy that...