Looking at the weekly chart for S&P, we are starting to see the double top rejection, and this event is coinciding with China retaliates against the US with higher Tariff.
Trade talks between the US and China broke down last week without a deal, so expect major downfall similar to what we saw back in late 2018.
Key supports are $2560, $2370,...
Looking at the daily chart for ADABTC, it is now in oversold territory, and we can expect trend reversal change soon.
Target 1: 1327 Sats (17% gain) 23.6% fib level
Target 2: 1540 Sats (35% gain) 50.0% fib level
38.2% fib level can be also a good place to take profit, but there is no significant resistance in this zone.
SL: 1070 Sats
Looking at the daily chart for Litecoin, we see that Litecoin has entered the demand zone that I drew in the chart. Historically, this region ($60-$70 range) was traded extensively, and it is expected for Litecoin to find support.
1: $70 (38.2% fib level)
2: $61 (50% fib level)
3: $52 (61.8% fib level) if this level is breached,...
Looking at the 4 hour chart, Bitcoin is trading extremely narrow range once again. Early today, Bitcoin traded above $5300 and attempted breakout from April 10th high ($5400), but it was rejected as of now.
Now, the trading range is extremely narrow, which means this is actually very intense moment for both sides. So here is how I will trade:...
Looking at hourly chart for litecoin, Litecoin has established very strong support around $76, and I am glad to see significant bounce once again in past 48 hours!
Now it is essentially a decision time for liteocin as the next move will determine the price action this week. Looking at the chart, $80-$81 range is acting as a still resistance...
Looking at daily chart for Bitcoin, we see that daily consolidation has started few days ago, and the price remain tightly squeezed between $5000 and $5100.
Historical speaking, when Bitcoin reaches overbought or oversold territories in daily chart, the price bounces at least 20% majority of time. In this Bitcoin rally, however, we only see 10%...
If you remember from my previous analysis, I mentioned the possibility of bearish attack last week, but bulls have been very stubborn and push the price above $4100 in the last few days. After bearish breakout on March 25th, I expected to go further down to $3850 region, but I have to terminate that idea when I saw Bitcoin price went above $3950,...
I have been talking about shorting Bitcoin when Bitcoin hit $4000, and I am still not changing my bearish view until Bitcoin proves me otherwise.
Today, I would like to analyze Bitcoin using Ichimoku cloud. In case if you do not know Ichimoku cloud, it is an technical indicator that defines support/resistance, as well as overall trend strength....
If you remember from my previous analysis, I mentioned there could be rising wedge bearish breakout, and we saw a dump yesterday.
Looking at the 4 hour chart, we can see that Bitcoin is testing the bottom of this big rising wedge at the moment, and this pattern is very similar to what we observed on Feb 11th. In classical technical analysis, if...
Looking at daily chart for Bitcoin, we are starting to see this rising wedge formation. In classical technical analysis, this is a bearish pattern and we may see a bearish continuation.
Despite this bearish pattern, the number of long positions have been increasing in both Bitmex and Bitfinex in past 12 hours.
As time of publishing,
We see XRP/USDT pair is forming tightening equilibrium since Feb 18th, and it will break in next 2-3 days. Currently it is confined within symmetrical triangle, so the direction of breakout needs more confirmation.
The target of breakout is indicated in the chart. I am leaning toward bearish breakout, because the target for bearish breakout is...
There is some development in cryptocurrency space and I want to bring this out before it gets too late as there are several red flags in both Bitcoin and Litecoin chart.
Looking at 1 hour chart for Bitcoin first, we can see that $4000 was tested once again, but it fails to reach higher high ($4060). I drew blue box in the chart, because I feel...
Today, i will tell you some of my secret strategies for trading Bitcoin. When I trade Bitcoin, I use this indicator called Colored Volume Bars by lazybear.
The the colors are determined:
- If today’s closing price and volume are greater than 'n' days ago, color today’s volume bar green.
- If today’s closing price is greater than 'n' days ago...
Here is my plan for the almost 100% profit swing trade ideas.
The chart is somewhat immature, but we are starting to see clear supports and resistances. FETCH.AI experienced almost 50% drop since the listing in binance, and this is a good time to get in.
There is a good bullish divergence in the chart so, I will consider this as a good entry...
This weekend in cryptocurrency space is a little bit choppy, as we don't see clear direction in Bitcoin. Some alts are pumping really hard, but this usually happens when Bitcoin stabilizes at specific price.
Looking at weekly chart for Ethereum, after double top formation 3-4 weeks ago, we are starting to see beautiful tightening equilibrium is...
Today, I felt the market in general is weak in both American indices and Crypto market and I am gonna update on litecoin because it is much stronger than bitcoin and it is giving us some clues on how the market is performing.
I have been actively trading Litecoin in past few days because every time there is a bullish entry, there was a...
After the bounce from $3700 regions, Bitcoin is testing $3850 again, where we saw 7 days of sideways movement last week. Although we are starting to see bull flag, I need to warn you guys that $4000 will be extremely heavy resistance for Bitcoin and we may need to test low $3000 level again.
Looking at weekly chart, we see that weekly 50 MA is...