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BTC/USD SHORT Bullish Divergence ?? or Descending Triangle ??i dont to often see btc/usd short chart but in this current time it might be a good idea to have second idea that against majority current market right now, which is bullish.. also the current Macd; seems have positive signal to long. only need a significant buyer volume (or short) to justify good entry to short. and RSI currently neutral. nothing interesting.. please share your thought what do you think about this idea. peace
BITFINEX:BTCUSDSHORTS
by MisterCatt
BTC/USD Bullflag and what i think the afterward price actionHello, If the price action keep persisting the bull momentum and the bull flag is in play... i think it will come into meet with a high resistance around 6k area and i think there will be a high possibility of retracement into support area provided by 200 EMA to test it's a valid support for continuation of bull momentum (around 5k) ; the reason for me is the all indicator i have beginning to shift into sell momentum.. please take this idea as a grain of salt as i do love to hear what your thought or chart. peace...
BITFINEX:BTCUSD
by MisterCatt
Quick Shorterm outlook for XRP/BTCit seems already breach the bottom line of descending triangle.. if it's still continue. expect price action to move into supports in short term outlook chart although it seems stochastic RSI still move around the bottom level expect some possible momentum sudden move upward in price action. support #1 : 7000 sat support #2 : 6900 sat support #3 : 6700 sat keep in mind this is 1 hour chart. i will update for larger timeframe later. Please share what your thought or share your chart for XRP/BTC peace...
by MisterCatt
Where will BTC/USD go next?Hello, this is an update from my previous BTC/USD chart didnt notice a sudden volume spike in less than 2 days resulting into upward price. while the rally still continue, keep in mind BTC/USD still in bearish trends. Ichimoku Cloud (weekly chart): MACD: Stochastic RSI: Possible Scenarios: Resistance #1 : +- $ 5000 Resistance #2 : +- $ 6000 Support #1 : +- $ 4100 Support #2 : +- $ 3100 Yellow Line: Price action could go side way on support #1 then slowly move toward support #2 or resistance #2 Red Line : Price action could go downside to support #2 after being rejected either from resistance #1 or #2, while there always possible sudden rally occur because certain event. Green Line : Price action go toward resistance #2 and probably will sideway along resistance #2 until it can break toward bullish territory Please take this idea with a grain of salt, i do love to hear your feedback in the comment section about this idea.. peace.
BITSTAMP:BTCUSD
by MisterCatt
NEM/BTC which way to go??NEM/BTC have a different story between looking at 4 Hour chart vs 1 Day chart.. this the chart i mention is 4 hour that still undecided which way to go. because it's still no buyer volume to maintain the bullish movement. yet. While i check 1 day chart : - there's still a movement toward downside as MACD is ready to consolidated with buyer/seller line - Stochastic RSI cleary pointing down. meaning momentum to downward/suppress the price is still continue. - RSI is wandering around in neutral zone which is 40 -60 (the value number is 56 by the time i write) and pointing down ready to test 40 value number of RSI - volume level is decreasing indicated some major move will be included.. i remain neutral as this coin just plunge and drop to 97% from it's all time high, According to messari.io/onchainfx but it's a good coin to get a good precentage of profit and still a good time to accumulate at this level.. beside, we never know how crypto market would react.. lol...
by MisterCatt
Head and Shoulders pattern, First try. (beginner) Hi, I'm new in the business and I'm trying to get some feedback on some basic patterns used to predict the next moves. This is a head and shoulders pattern. It was done in Spanish since it is my first language and my mates don't speak English. The Moving Average is 80 for long term positions, the timeframe used is 1HR and I think it is very simple to understand. I just want some feedback about what I did and any possible suggestions on how to better do it in the future. I appreciate your feedback and thanks.
by teacher.miguelrangel
This is what you need to know before tradingHi this is my approach to the market. Prepare this list for yourself before trading: - Good broker - Good mental books to help you (my recommendation Zen in the markets is a must) - Good trading idea - Good risk management - Good rules - And always learn new ideas and back test it - And learn to manage your life (you need no distractions so do the things you need to do before hand, it can be job or homework) As far as we know the market is quite unpredictable it is essential for you to prepare yourself or you will learn it the hard way. My advice : after you checked the list learn lot of trading ideas and choose the most profitable ones to back test it. - Follow your rule - Whatever you do, do not go against the trend always follow the trend FOLLOW THE MARKET - Always approach the market blank minded and do what the market is telling you. Good luck If you want to create new broker account i recommend this broker : lnd.easymarkets.com
Education
by BilegtGanbaatar
EUR/USD Swing [Personal Analysis]-EUR/USD 1h chart shows side way trend within channel -1h and 1d Stoch oscillator have just pass the oversold region -For 1h chart, MA50 and MA200 likely to cross each other, indicate possible change of movement direction -However it is also worth noted that MA50 and MA200 is yet to cross each other for 1d chart -If enter at 1.31610, monitor the movement especially at resistance line R1, R2, R3. If unable to enter at 1.31610, enter when resistance become support -Target Price follows R1, R2, R3
Long
by MsrJon