RSI is strong indicator spotting divergences. Price reversal is in act and the falling wedge pattern is actually support this. Falling wedge is considered as bullish (up trend market) pattern. Bullish confirmation is when we break top of the pattern line. So buy order should set above to this line. Sell target is around 15 levels. Some should left for the...
The price shows upward movement. Confirmation for further upward movement we need to see break out from the Ascending Triangle. Buy orders should be above the top line of the pattern. If the price breaks downwards we have to wait for another buy signal. Trading information: Buy: above 64 Partial profit: 70 Long term profit: 90 Stop-loss: 59 To play safely we...
If the price breaks above the first resistance line this confirms further upward movement. Once the ascending triangle breaks this gives us confirmations of new all time highs around 560 & 620 levels. This will be short as I'm returning slowly from my honeymoon. :) Trading information: Buy: above 313 Partial profit: around 340-350 Long term profit: 389...
Does history repeat itself? This is not a bad sign at all. Just giving perspective how we should trade in a longer term. MA100 has been great companion to us. Each time Bitcoin has fallen we have bounced from MA100 everytime. I have marked those bouncy areas with green arrow so you can spot them. I continued MA100 line to present where it might be heading. MA100...
Previously at these heights Ethereum had clean Bullish run which was encouraged by Flag Pattern. When compared this to the current bullish run, we can see a lot of consolidation. Which may indicate uncertainty around it. Confirmation for further uptrend movement is that when the price is above 350 level. The Ascending Triangle broke upwards and we reached the...
1H chart is showing Head & Shoulders pattern. This is considered as a trend reversal pattern. It's signal for that the market is going to move downwards. The confirmation that this signal is a valid one we will need to see a price break out below the neckline of the Head & Shoulders pattern. If the price breakouts we are able to see downward movement to 55 level....
The Ascending Triangle is continuation pattern. Which forms usually during an uptrend. In this scenario we have to be careful as we watch at the MACD indicator it shows to us that it has ascended pretty high (same with RSI), which means the possibility to it retrace is way too high. That's why I consider this is risky trade. Confirmation for further uptrend...
The Ascending Triangle is continuation pattern. Which forms usually during an uptrend. In this scenario we have to be careful as we watch at the MACD indicator it shows to us that it has ascended pretty high, which means the possibility to it retrace is way too high. That's why I consider this is risky trade. Confirmation for further uptrend movement is that when...
LTC already broke Falling Wedge Pattern. SO when should enter again? Price is retracing as it hit expected target after breaking out from the falling wedge pattern. With increased volume, new entry level occurs around 58 level. Great opportunity to open long term trade. Buy order should be set around 58 level. Sell targets are around 90 level. Constructive...
This trade is short and long term trade. First Ascending triangle already broke. Second one is our goal. Short and long term sell targets set. Litecoin is following BTC. // Constructive feedback and comments are welcome! I'll keep updating!
RSI Confirmed Trend Change Upwards By Levels 279 to 285. Levels 285 to 290 are continuing price reversal by forming bullish divergence (hidden). When to buy in? Buy orders should be set above 318 level. When to sell? Sell target is around 390 level Note: This is a long term trade. Captain appreciates constructive feedback and comments :3 Yarr!
MACD is showing Positive divergence. Higher lows on indicator and lower lows on chart are revealing that there will be trend change soon. At these levels it's great opportunity to open long term trades. Buy In: around 43.5 level Long Term Profit: 60-62 levels and level 74 Captain appreciates constructive feedback & comments :3 Yarr!
MACD is showing Positive divergence. Higher lows on indicator and lower lows on chart are revealing that there will be trend change soon. At these levels it's great opportunity to open long term trades. Buy In: around 51 level Partial Profit Targets: Around 57 level Long Term Profit: 70-72 levels and 88-90 levels. Captain appreciates constructive feedback &...
MACD Confirms price reversal. One of the patterns are going to be fulfilled. For educational purposes I added patterns to the chart. Entry level should be around 32 level. Profit level: Close to 37. It's great long term trade. Constructive criticism and comments are warmly welcome.
Go OmiseGo! Buy Signal. Indicator and Candles are pointing it's forming Bullish Divergence + Falling wedge pattern is proving we are going to have trend reversal. We want to buy green area. // Constructive feedback and comments are welcome! I'll keep updating!
We need to go down to test the support line again before going up. 1-2 was not so deep it was more sideways and slower so this means we are going more steeper down on 3-4. Constructive feedback & comments are welcome!
MA20 is way too far from MA100 line to get us back up. Also it is indicating to us that we are going to revisit our previous buy zones before going up. MA100 has been great support before so it might be now too. Also my another theory is indicating that we are going down which I will be posting with BTC/EUR pair. Constructive feedback and comments are welcome!
Retesting MA100 support again. It might open new possibility to enter in a long.