TP and SL are both provided.
Hello Traders, Welcome back, today’s update will be on ETHUSDT , an epic short from previous technical analysis!, will ETH continue or rebound back, IMO I think we’ve still got further downside potential… Points to consider - Respect of the .236 Fibonacci Level, in confluence with daily support - RSI grinding on its resistance - Local resistance at .50 Fibonacci...
Current support is 8000 if we break it - then we gonna have very strong support around 7000-7200 - its gonna be the lower border of the falling channel and we are gonna test uptrend acceleration dynamic line. Zones of interest and targets are on the chart. Good luck everyone!
Hello Traders! Today’s chart update will be on ICXBTC pairings, Potential Ascending Triangle, Points to consider, - Trend currently bullish on 240 timeframe - New Higher Low potentially in place - Structural resistance in confluence with .382 Fibonacci Level - Stochastics showing upwards momentum - RSI bouncing of local support - Volume extremely low - EMA’s...
Hello Traders! Today’s update will be on XRPBTC coming out of a nice strong breakout with convincing volume! Points to consider, - Strong resistance broken - Volume climax - Support at .382 Fibonacci (S/R Flip) - Stoch’s showing downwards momentum - RSI testing structural support, needs to return to neutral territory - EMA’s yet to meet price XRP has broken...
Hi all: I am a believer in long term trends. Therefore, I look at the weekly and 3-day charts. The weekly BTC chart is printing an ascending triangle. Thus, while we have a descending triangle on the daily, I believe that we will break out to the upside as the long term trend is "up", corroborated by the weekly chart. Good luck & happy trading!
The coin fell off its uptrend acceleration. Currently, bulls defended the middle of the channel and on 4H chart, RSI is trying to form a bullish divergence. In order to continue an upward movement, the price should jump back on the dynamic line. The dynamic line is going to be the first resistance point for now. If we gonna break down the middle of the channel,...
BTC is testing its uptrend acceleration dynamic line. This is the last chance for bulls to defend their positions. If we gonna break it – then we gonna go to the lower levels. Keep an eye on your positions and good luck everyone!
#Bitcoin I've been quiet on #BTC as it chopped in a trading range for weeks. Staying on the sidelines has been the right move as we waited for the next big move. Technicals have pointed to weakness all the way, so let's see if we're finally getting a real sell-off. I'll be watching time as much as price, would prefer an extended bottoming process much lower.
Hi, I'm back in business. A little vacation is over, batteries are charged and I'm fully ready to give some trading opportunities from different markets. Obviously, the biggest interest is on BTC and I'll start from it. After my last analysis, the price has printed a new mid-term lower high, which was slightly expected. The movement started just some dollars...
In this ALGO/BTC chart we can see a descending wedge forming and almost completeing. With this hour close if we close outside the wedge we could ALGO take a nice quick pop. In a few of the last patterns we can see on the same low time frame this isnt the first time algo has done this. It runs down and pumps up quite a bit. I think well take a bet it does the same...
Hi, After the drop from $12,000 to $9,500, the Bitcoin price and altcoins have made some short-term gains. The bounce came from the trendline which printed a new Higher Low. In general, the price has started to move between two trendlines. From the top, we have nice and clean Lower Highs, from the bottom, as said, nice and clean Higher Lows. It all indicates...
Waiting for LTF entry formations. Tapping that 10000 region once again before any decisions. As i told on my previous forecast 10000 is the next area to look out for. HH-HL. Bias LONG. Staying Neutral at the moment.
CLOSING BULLISH ABOVE 1.73500 TAKES THE CURRENCY PAIR INTO HIGH TERRITORIES WHICH THE PAIR HAS COMFORTABLY MOVED WITHIN IN 5 YEARS AGO. CLEAN CHARTS HIGH TIME FRAME KEY LEVELS ONLY. THIS PAIR CAN MOVE 300 PIPS & MORE
BTC dominance may be topping out. alt season maybe on the way? Let us see.
Some of my reasonS why I think we are confirming 9.500K - 10K. * Double Bottom * Volume decrease from highest last month * Less Volume form the previous low * Touching major resistance It looks a good scenario to move forward for the fibonacci retracements - Fibo 38,2 % --> 10.700K - Fibo 50% --> 11172K - Fibo 61,8% --> 11650K #GoodTrading