Posted this analysis yesterday and it played out perfectly. We took out the first Open Liquidity zone and bounced from it. Currently looking at the formed FVG (Fair Value Gap) + the reaction to it. Break above it --> bullish continuation. Reject it --> bearish continuation to the open liquidity zones. Will keep you guys updated. Oli (Make sure to like &...
- Retest denied from 21 EMA - Rising wedge pattern, which is a bearish pattern - MACD in bearish crossover
I am seeing evidence build up on this one... 1. ONE is now trading strongly above 10 10 EMA+MA and to boot MA (green) is on top of EMA (pink) EMA is more sensitive to price movement, so when the simple is on top it is a bullish signal. The signal is even stronger since we are looking at 4hr not 1hr candles. 2. MACD is above zero and above signal which is below...
The long-term #bearish trendline one more time acted as a resistance and didn't let the price go higher. Holding above the red line would be a sign of more upside or maybe a trend reversal. Failing to hold it would result in having a lower low. Cheers! Mr. Cryptotracker
In the previous idea (Part I) there was a strong indication that we might see prices move along the trajectories indicated in my charts and my levels were pretty close. I didn't expect the SPX (chart below) to hit the Honey Bucket as quickly as it did and the effects on Bitty aren't as profound as expected which indicates something propping the crypto giant up a...
This idea wants to analyze a possible scenario. The left graph shows the situation in March 2020. Many people probably remember this period when bitcoin corrected by 50% in just one day. We are not going to say that this will happen, but in fact the situations are very similar. Both then and now the situation from the technical analysis side looks very weak. Now...
In the 15min chart we can see this ascending triangle. The lower support is getting broken if we retest and fail to reenter the triangle we could go back down. Targets: - 36.5K based on volume profile, this area has big accumulation of volume to potentially hold - 32K to 33K we could retest this level too, CPR monthly support is also around that level Fakeout...
This model is based on comparing the price of bitcoin (orange chart) in different periods to changes in the status of the blue chart. As you can see, the price of bitcoin has started to fall each time with the almost constant trend of the blue chart. The price of bitcoin has also started to rise with the positive trend of the blue chart. In the current situation,...
For over two years now, ATOM is trading inside a bullish channel. As of this week, we're seeing ATOM trading near the channel's support yet again. This area has caused a strong bounce in the past, so I'm expecting some kind of rally from here onward. However, overall market outlook is not strong. So as long as BTC is struggling with capturing the $40k range, I'd...
BTC 3 day chart...look at the 3 repeated falling bearish channels...this 3 day is a great way to see this and the white bars pattern is fitting the model almost perfectly. The DeMark 9 Indicator also charted a (8 & checkmark) which is 80% probablitiy it hit the bottom...This is BTC so it can still do anything it wants from some crazy news, but these indicators...
As you can see bitcoin is moving inside a rising channel and is getting close to global trendline. What should we do? If price breaks the global trendline then we'll go long and if it breaks the bottom of the channel we'll go short. So easy:-) Good luck
For those on the sidelines and not intra day trading, look for an RSI breakout coupled with a break above diagonal/horizontal resistances to signal strength and the true beginnings of a reversal. $btc #Bitcoin —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for...
I tried to explain my idea about the next possible move on the chart. Please read it carefully and share it with your friend circle. Cheers! Mr. Cryptotracker
BTC What's Next? 38408.05 Go UP 49K GO to hell... 29K?
Let's see how BTC is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price is still building volume to pass this resistance. It's consolidating now in a sideways channel. Support levels: $37400 - $38200 Resistance Area: $38700 - $39300 Bollinger Bands can work as support and resistance too. Here is an example: The...
this is not an Update. I simply repeat the previously posted chart with actual price action against the drawings. Of course, this is more a coincidence rather than an analysis. Reluctant to update it as it so nice follows the line I drew previously. Will get back to it when it forms either waves 1 and 2 or something else.
Hello everyone, In this video, I dive into my Hypothesis of a possible extension of the correction all the way down to 22-24k. This will help you understand how Elliott Wave theory can be applied to charts and how powerful it can be if used correctly. I hope you will enjoy it. FOLLOW ME, SHARE, LIKE AND COMMENT