After the recent powerful momentum of the fall, the cryptocurrency market has moved into a phase of consolidation. This is a terrible time for newcomers. This is the time when those who didn't make it during the fall lose money. What is the problem? The lack of a dominant side and poor technical analysis. When there is no clearly defined trend and trading...
Hi friends? When to expect a long on DOGE? In this idea I will talk about triggers to open a trade. 🚀While Elon is not making additional announcements about buying Twitter, which will certainly affect the price of this altcoin, Dogecoin is down by 91%. Meme Lord Mr. Musk has previously stated that Dogecoin could become an internet currency. It is likely to be...
Hi friends! Do you want to know what is the most common pattern on the crypto market? 📈False breakout is one of the main patterns of technical analysis. How do you apply it to XRP? Read the description for details! ✅What is the advantage of a false breakdown? This pattern is very easy to use. You need to mark a key level and wait for the price to break it and...
It all depends on how you look at things. I do not pretend to be alarmist, much less bearish, in the long term, I simply like to value all points of view, and this? is precisely a VALID point of view. NEVER forget it. During these years I have seen countless GRAPHICS and all of them are extremely bullish without any justification, even logarithmically. Well...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for BTC. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Hi friends! Cardano has been in a downtrend for over 8 months now. I can see the first signs of strength appearing on the chart. The volume indicator is showing large sales - it means that the Hodlers have finally been thrown out of the market. There are 3 value areas on the chart: ✅0.25-0.4 - support area 🎯0.81-0.97 - resistance area, target 1 🎯1.16-1.37 -...
At the moment 24 03 2022 there is a breakdown of a symmetrical triangle, which was formed in a secondary trend after the breakdown of the downtrend line and going sideways. The medium-term robot from the support/resistance levels zones. Trade according to the algorithms of your trading strategy, based on your experience and risk management, not on emotional...
I think BTC should recover soon, this is already 8 red candles on the weekly time frame. maybe BTC will drop again to 27.6K - 26.6K and make a double bottom or to 25K - 22K area. (if BTC recovered quickly this probably wouldn't have happened) #DYOR #NFA
So far, Bitcoin has failed to move above 31 411.48 USD, which puts the odds in bearish favor. Technical and fundamental factors also stay bearish. Therefore, we have no reason to change our bearish bias. We expect BTCUSD to form a new low below 25 000 USD. Technical analysis - daily time frame RSI, MACD, and Stochastic remain bearish. The same applies to DM+...
BTCSHORTS chart seems to have found a temporary support & may reverse up for a bigger BTC capitulation to continue in the 2nd part of May. We may see a rally in June up to late July. Then another in 4Q2022 leading into Jan2023. All risk assets tumbled Wednesday 18May into the worst down day since pandemic despite DXY $ index & TNX 10-yr yield retracing, increasing...
BTC after breaking down from a big wedge, again broke down from a bearflag formation. It broke the 31k-29k range consolidation & all 2021 lows. If 29k is not recovered next few days, 28k & 25K/24k will be next. Worst scenario is the wedge-measured move down at 20k. All risk assets down Wednesday 18May in a capitulation-like move, the worst down day since the...
Indicators and chart patterns don't work well for crypto, but I gotta put this out there..... At support and oversold on the daily. Take it for what you will, every time I comment on shitcoin I get trolled, so no predictions this time, you all know how I feel about crypto. It has bounced every time it gets oversold on the daily but do any of the crypto traders...
Looking at the chart we can see this area was the triple bottom of Bitcoin in May - July last year! Microstrategy`s BTC average price is $30,200. BTC is Oversold at $29774. My price target is $37440. Looking forward to read your opinion about it.
Hello, everyone! Yesterday we considered that globally the Bitcoin is ready for the significant bounce to the upside. We can see the test of the current low, but I am not waiting for the huge crash. There are a lot of short positions on the cryptomarket and the Fear&Greed index is at the extremely low value, thus it’s logically to create the bull trap before the...
If btc cannot hold this support the next price goal is around 12K which will be amazing for accumulation. This price range is a MUST buy for long term.
If you check out what me and my partner @Mayfair_Ventures have been saying for MONTHS, you will see that yesterday proved us right. If you are serious about trading, then take the time to actually read these posts and watch these streams, and you will learn a LOT. Look at the Elliott Wave plot. We recognised the Big Blue 3 as the MONTHLY 3, leading us to expect a...
see and watch :) It seems that the desired pattern is approved ...
2020 vs 2018 Similarities: Both confirmed their recovery and started a new uptrend when the price broke above the Lower Highs trend-line form the last Top. That roughly matched the 1D MA50 Differences: While the 1D RSI broke well below the 30.000 oversold level in both cases, in 2020 it achieved a price bottom for BTC , while in 2018, a price Lower Low was...