BTCUSD update: Cup and Handle Pattern is considered as a bullish continuation pattern where the upward trend has stopped but will continue in an upward direction after the completion of the pattern. The price is moving to top of the channel so we have to take in consideration the possibilities where the price might be heading to. The top will be tested and if the...
DIVERGENCES are used to forecast an upcoming Price Reversal or Continuation. There are 4 different types of Divergences and the first ones are Regular Bullish and Regular Bearish Divergences. What are they? Regular Divergences are when the price movement is contrary to the indicator movement. Signal for an upcoming Price Reversal, trend is about to change. Then...
The price bounced off from the support formed by MA50. If it would had dropped through MA50 it would had given confirmation of trend reversal. RSI is confirming Bullish Hidden Divergence. Notice how RSI is making lower lows and the price is making higher low. This is indicating continuation of an upward trend. Buy orders should be set around 18.6 level close to...
RSI confirms reversal in the price movement. The price has been bouncing off from the support level around 7.5 and ma50 which is giving confirmation for further upward movement. Buy orders should be set above 8.5 level. As RSI has climbed this high it's possibility for retrace is high. Might be that retrace is small in term of the price but I recommend to be extra...
RSI confirms trend continuation upwards. Hidden Bullish Divergence is in act. Buy orders should be set above 40 level to confirm further upward movement. The price is above MA50 line and above our previously formed support level and these are indicating the price wants to move upwards. This is a great opportunity to open long term trades. Educational Part In my...
The market is giving confirmation of uptrend continuation. 1) The price and MACD both are signaling of potential Bullish Hidden Divergence which is confirming uptrend continuation. 2) The Ascending Triangle and The Symmetrical Triangle both patterns are considered as continuation patterns. These two signals are giving us confirmation for further upward...
MACD is indicating that the price wants to break upwards and also this is a great opportunity to open longer term trades. The price has to break top line of the Symmetrical Triangle Pattern to confirm upward movement. This is why buy orders should be set above resistance line (not visible in chart) at 369 level. If the price does not reach to our buy orders, then...
RSI is giving us confirmation of Hidden Bullish Divergence which is supporting the idea of that DASH will continue moving further upwards. The price has formed two patterns: Ascending Triangle and Pennant. Both are considered continuation patterns. To get confirmation of bullish movement we need to set Buy orders at 440 level. EDUCATIONAL PART The idea behind...
This trade is long term trade. Symmetrical triangle is about to break upward. Two sell targets set. Ethereum Classic Annual Summit november 13th. // Constructive feedback and comments are welcome! I'll keep updating!
NEOUSD update: RSI confirms price reversal in 1H candles. The price did not hold earlier formed support at 38 level. Instead it dropped to a possible support zone formed by MA50 and it is giving an additional confirmation of the price wanting to move further up. Buy orders should set above 38 resistance level. Stop-loss should be set to newly formed support at...
Update on NEOUSD: Fundamentally we know there's coming something big from NEO and this might have huge impact towards the price. Anyways.. The price is on correction and forming a FLAG PATTERN which is a continuation pattern. The flag pattern is fulfilled when it breaks above of the top line and hits the target. Length of the pole is showing us the target where...
This is a classical Symmetrical Triangle that's forming. RSI and MACD are indicating that the price is going to decrease and fulfill the second correction leg for this pattern before further upward movement is confirmed. Remember that The Symmetrical Triangle is known from it's explosiveness. After it breaks it will do it rapidly. Having knowledge of this helps...
BTCUSD update: There is saying when you trade enough of time you start seeing patterns. This is true as I can say for myself. This morning I saw similarities what has happened in the past with the price of BITCOIN. When you look at my chart you see numbers. They are presenting that how many times the price has hit the top of channel before falling. The price has...
The Ascending Triangle is continuation pattern. Which forms usually during an uptrend. This pattern is giving a great opportunity to open long term trades. If the price breaks above the pattern, then buy orders should set around 65 level. In other scenario if the price goes below the pattern we should delete our buy orders and wait for another buy opportunity. We...
When you trade enough of time. You start seeing repetitive patterns. You probably have been reading the news.. Bitcoin Cash getting upgraded, Price Manipulation, Seg2x cancelled, Bitcoin Getting spammed etc... This kind of news have huge effect towards the market prices. Personally I won't be adding Bitcoin Cash in portfolio or will be trading it. I have...
The price proves that it's going up by ignoring the bottom line of the ascending triangle. (Which is acting as trend line too) The idea behind of this chart is to show Profit Targets and how to get these Profit targets. Remember one color presents one pattern + target. Let's take a look at symetrical triangle: Draw vertically a line from the highest point of the...
MACD is showing Hidden Bullish Divergence. Also RSI is confirming this too. Lower Low on indicator and Higher Low is indicating that the price wants to move up. Moving averages are supporting Trend Reversal and further upward movement. MA100 is giving a great support level and the price has strong support at 58 level. So the stop loss should be around this level....
This trade is long term trade. Ascending triangle is about to break upward. One sell target is set. Rumors: QTUM will be added to new exchanges any time soon! // Constructive feedback and comments are welcome! I'll keep updating!