x45lu

x45lu

Hello traders, 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,...

x45lu Updated 

Hello traders, 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...

x45lu

Hello traders, 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....

x45lu

Hello traders, USDJPY pair confirmed 111.7 as a resistance. We may see bounce at 50% Fibonacci level (109.2) but I am looking to get back in around 108 where 61.8% Fibonacci level. Happy trading!

x45lu Updated 

Hello Traders, 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, Bitmex:...

x45lu Updated 

Hello traders, 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...

x45lu Updated 

Hello traders, 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...

x45lu Updated 

Hello traders, 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...

x45lu Updated 

Hello traders, 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...

x45lu Updated 

Hello traders, This is just purely a speculation, but we just saw interesting development in XLMUSDT pair on binance. Looking at the 4 hour chart, we can see the beautiful tightening equilibrium after the massive dump on Feb 24th, and there was a massive breakout just few minutes ago, even though bitcoin is not moving as much. So I have 2 theories: 1) ...

x45lu

Hello traders, 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...

x45lu

Hello traders, 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...

x45lu

Hello traders, 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...

x45lu Updated 

Hello traders, If you recall from my previous analysis, I mentioned that retest of $3700 is necessary before the next leg up, and finally we saw minor dip last night. Looking at the 4 hour chart, we see that Bitcoin is trying to find support at $3700 and this is where 4-hourly 200 moving average is located. This bearish breakout was not as strong as I expected...

x45lu

Hello traders, Looking at the weekly chart, we start to see sign of weakness in majority of American indices. After forming double top in late September last year, we saw major downtrend, but we start to see bulls were buying dip after Christmas. I felt this recovery was a little bit odd because I expected it to stop around 50% Fibonacci level, but bulls kept...

x45lu

Hello traders, It has been almost 5 days since the huge drop from $4200 to $3700, but Bitcoin is still lacking direction. We saw bear tried to drive the price down on Feb 27th, and we saw bulls bought the dip and push the price to $3880. However, the bullish sentiment was soon neutralized when Bitcoin dipped to $3800 again. I am actually surprised we did not...

x45lu Updated 

Hello Traders, If you remember my previous analysis, I mentioned that we will have another bearish breakout after that huge bearish engulfing candle and potentially find a support around $3678. AND LOOK AT THAT! After that bounce from $3678 we did not see any significant bearish follow through, which tells me that bear may have exhausted after that push. If...

x45lu Updated 

Hello traders, As you may recall from my previous analysis, Bitcoin needs to test around $3760-$3800 region before its potential bull run. I shorted majority of my position at $4000, and I got very nervous when Bitcoin went above $4100 yesterday. I started to think that fake out from yesterday was exactly what marketed wanted to do: the feeling of "FOMO". I...