A Head and Shoulders Pattern is a chart formation that resembles a baseline with three peaks,the outside two are close in height and the middle is highest In TA this pattern it s essential to predict when a bullish trend will be changed to bearish This Head and shoulders pattern appear when: After long term bullish trend the price rises to a peak and after...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Hi guys! Last chart I posted my first video chart format and that was new for me. Last week I also held a webinar, and that was also new. The topic was STOP LOSSE, and I explained many things about this subject. I will share some points with you that you can use in your trading. 1. What is a stop loss order and how can I use it? The stop loss order is without...
What's up my faithful readers, I am back from a few day hiatus. They are infrequent so don't get used to them :) I have a few things I want to talk with you about. As you can see from the chart, on Bitfinex, the price reached around $7,700. It was at a $1,000 premium compared to other exchanges. As this was happened, the price of Tether fell drastically to $ .85...
Hi :) I love doing those. Crypto is different, "true believers" are right, so we must adapt the wall street cheat sheet to it. Here is how it looks like adapted to crypto. Keep a good eye on this trendline, that dates back to MtGox: It will be at 6000-7000$ by the end of the year, so sooner or later we will have to test it. Bitcoin cannot stay stuck in...
Good morning, traders. Hope y'all stayed safe during the move yesterday. There's a lot going on in this chart, but I wanted everyone to be aware of how we are watching price action play out. As I discussed in yesterday's chart, and then expounded upon during the morning's live stream, there would be an attempt to push through the descending resistance line...
Tron (TRX) is preparing to form its bottom. - We have gone oversold on RSI daily timeframe. - And we have many EARLY signals of a coming bottom. I will keep track here and update as necessary if this trade idea receives enough attention. This is a friendly reminder so that you can keep and eye, opportunity to buy available. Note: This is for your learning and...
Let me show you a quick way to find resistance levels, which are also known as targets when you are looking to sell for profits when trading a coin. Above you have the Bitcoin chart with 1 candle per 24 hours; Daily time frame. Bitcoin price is likely to stop at the next resistance point. Note the word "likely", because there is always the chance of the price...
Good Friday morning, traders. We made it through the week and now, with the weekend upon us, absolutely anything is possible in this market. At this point, we still have the $7900 target from the IHS and price continues to hover around $7400/$7500. The TFs don't get overbought until the 4H, which means that there's room for price to break and run a bit. Speaking...
This is just an update to the original in which I adjusted the path at the end to compensate for the time that has passed since initially publishing the chart. The path remains just that -- a path, not a timeline.
Good morning, traders. Yesterday proved to be very profitable for Bitcoin bulls, but what should we expect now? It seems that we still have some energy left in the bullish momentum as price hovers around $7400-$7500. Ultimately, we expect to see a retracement after that big move yesterday. The previous supply zone between $6750 and $6900 should contain extensive...
Good morning, traders. As discussed on last night's live stream, Bitcoin is starting to show some retracement which it needs in order to continue further appreciation. The more controlled the retracement, the more bullish it is. Remember, even though we've had some great bullishness recently, it could potentially be a corrective sequence before a continued bearish...
Good Monday morning, traders. Last Friday I warned, after the shakeout, that I wouldn't want to be short as it appeared the larger interests were filling longs. Fast forward to today and here we stand this morning at about $300, on average, higher than that shakeout. So what does this mean for our current situation? Are we going up or down? After this morning's...
Good morning, traders. The week is winding down but Bitcoin appears to be heating up. Overnight we saw price dip down to around $6128 on Bitfinex. As mentioned in the live streams, this has been a possibility and it took price to the 61.8% fib area which is perfect for getting the most bang for your buck out of a retracement. Taking a look at the 1H chart, we...
Good Wednesday morning, traders. Bitcoin has managed to hold support at the S1 overnight, as I mentioned yesterday it was likely to do, and appears to be attempting to push higher. A bounce from this level has the potential to be quite bullish with everyone calling for a failed rally already, but it hasn't failed...yet...which means it bears (no pun intended)...
We can easily see that Bitcoin is consolidating. The 3 red zones are all potential reversal zones for the next movement up. If one breaks, we move onto the next one. Anybody going for longs can long a percentage at each red zone. Another method is the inside bar trade .. looking at the daily chart we can see that if we break 6700 we can see further upwards...
Good morning, traders. I hope you had a relaxing weekend. Apparently Bitcoin has no chill which has traders quite confused, but we've actually received a lot of information over the past few days if we've been paying attention. Bitcoin closed the July 7th daily candle above the daily pivot. A breach of the pivot from below, and subsequent close above, is...
How to identify when you should be buying & going long & when you should be selling if you want to play the trends effectively, especially if your a passive investor this particularly applies to you. This is a somewhat simple but very powerful tool to know about how to identify the trend your in, do you know what trend your in currently? Rule of thumb for...