CRPTOCURRENCY
Flash crash a headdont be supprised if a flash crash happend in the next few days... specially in the weekend
a pullback is needed for a healthy up trend
Golden Trendline Maybe its to early to call a direction of bitcoin since its only hit yearly high just under a week ago so there is no clear pattern formation just yet but lets keep in mind that
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Fear and Greed Index showing a 90 one of the highest recorded numbers .
We also hit the top of a log growth band and last time that happened the top of the band was 12500.
With January and March being historically bad months for bitcoin there is a high chance we see a long correction play out before the official bull run starts with bitcoin and that month is April 2021.
The last time bitcoin had positive growth in January was 2013 and in December 2017 , January has an average of 3.5% growth since its inception and March 3.1% .
There is a possibility of a Fake out scenario before the end of they year , if the price of bitcoin breaks out above 16000 expect a huge Fake out from about 16500 to 18500.
This golden trendline is just below the main log growth band its a money trendline you can make money of this trendline just look how many times we have rallied off it.
Four times in under two years and the last rally in September was just off the trendline too much buying pressure under 10000 to rally off it or are too many traders looking at this trendline? , normally when we are all looking at the same trendline or movement price does something unexpected.
The question is will it do the same 4th or 5th time?
Bitcoin 1/h Symmetrical triangle If BTC gets rejected by the top trend line I will be eyeing a bounce off the bottom trend line (where the 200 MA & POC is) to ultimately break out of this triangle
ETH will make new highs. New wave barely startedChart self explanatory. Hekin hows bigger green bars off the last selloff. That selloff bought as seen by the huge volume and price not dropping. Been like this every since the march drop. Going here as usual (They wait till saturday midnight US time to rise it)
NEO 12H. Lack of light in the eyes and the level $13.25For more than a month now, the correction of the insane NEO growth has been going on. Uncertain buyers' breakthrough of the mark $21.56 was a catalyst for the downward wave beginning. Sellers return to the $21.56 mark motivated us to come up with an idea that worked out perfectly.
Since the idea was published, the price has fallen by 20%.
At the moment, the NEO price is moving in a local inclined channel , which looks more like a corrective movement than the emergence of a new upward trend.
Our opinion is reinforced by the trading volumes , which have decreased compared to August 2020.
Near NEO future will decide the level 18.911.
If the price can fix above $18.91, then the way will open to $20.25-21.56, as we noted in the previous idea.
If the price fails to fix above $18.91 , it will be a strong signal of buyers' weakness. In this case, the price will first go down the channel to the level $17, with a possible continuation of the fall to $13.25.
P.S. So far, BTC hasn't strongly motivated NEO buyers to skyrocket growth.
Our optimistic BTC target is $13,870. We are not sure if this potential continued BTC growth will trigger a significant change in the NEO market.
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BTCUSD Bitcoin | SWING - 21 Oct. 2020Hello my friend | Welcome Back.
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Bitcoin is now moving at a very strong weekly resistance, if it fails this week it will break the resistance in the following week.
Where if he breaks, he has another resistance, which is the price of $16,000
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
ATOM 12h. The range $4.3-4.4 beckons!ATOM's rapid rebound from March 2020 gave the token a new historical high $8.9. Buyers managed to fix this mark on 24 August.
The token active growth began in fact from the beginning of July. For two months, buyers confirmed their faith in the coin by their volumes.
We would like to note the range $5.5-5.75, where the price obviously slowed down both during the growth to $8.9 and during the fall.
At the moment, the token is being corrected. Sellers managed to lower the price below $5.5-5.75. This fact is the first signal that the fall will continue.
Now we are seeing buyers try to change the course of events. During the previous attack by sellers, buyers kept the trend line. However, now their buy-out looks uncertain .
Considering that we expect a total fall in the entire crypto market, the main scenario for us is short.
The first zone where we expect ATOM to fall is $4.30-4.40. There we will need to analyze candles and volumes and look at price behavior.
The above scenario will be canceled if the price fixes above 6.06. Then ATOM will delight its investors by the growth continuation to $7.22.
BCHUSD Buy at 246.68BCHUSD Buy at 246.68 if price closes above level 246.68. Buy on a retest of horizontal level at 246.68.
BTCUSD Bitcoin | SWING - 10 Oct. 2020Hello my friend | Welcome Back.
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A price explosion occurred that led to the breaking of the ascending triangle. The break became positive. It will head towards the downside to test the break and then return to the upside.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
ETH, Possibility of a deeper correction There’s two harmonics, a big and strong candle in last week of Aug and also a very important level at 335 that return below it may be a sign of false breakout of the last HH it this level.
Harmonics are ABCD and Shark but they are not that strong with standard form, but price action did a reaction to them. I have my own approach to harmonics and use them beside my own price action algorithm that I’ll show you screenshots of it below.
Weekly:
On the weekly chart I have d Dw5 signal on last candle that have 3 days left to close. Candle has a long lower shadow so if we get weekly close above 335 this signal would be a weak one and the possibility of 335 acting as a support for more bullish moves increases Albeit next weeks close still maybe bearish and below this level, so we need some continuation sign to be sure. If bears stay dominant the algo suggest a support line around 287 (the yellow line) and harmonics first bearish target is not far from it. So, 255-290 would be a support and possible reversal zone. Next support is around next harmonic target and VP peak; 170-200. Reaching there may need a special situation in the markets and also may lead to heavy and quick buy pressure as we had in second week of March.
Daily:
In daily chart thing are very interesting. First on the top I had a Dw5 signal. Then another one showed up with a D4 signal on the candle when price was retesting the first yellow zone where was the confirm zone for bears. Meanwhile a 0-5 harmonic formed that lead to recent week’s bearish moves. For 3 days we I have mixed signals (consecutive Dw5 and Up5). Market hesitates to break this level for now. As you can see support lines (two green lines) are in 240-260 zone and also VP’s peak is exactly there too.
$DOTUSDT - Possible bullish bat on PolkadotHello guys!
There is an ending diagonal pattern being formed on Polkadot and DOT is near resistance, there is a clear sign of buyers exhaustion, hence wait for a breakout of the dynamic support and short it.
The price trajectory on the chart is just an assumption, wait for the pattern confirmation to go long.
XRPUSD Ripple | SWING - 20 Sep. 2020Hello my friend | Welcome Back.
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We may notice that it breaks the resistance and heads on the same ascending trend line to touch it, then head towards the downside.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
Bitcoin 2020Key Dates
2020
Mid/Late August to Early/Mid September for 14k
Mid/late September to Early December for 18k also first pullback of the new bull cycle.
2021
Sometime January back to 2 year trend line created
February 2019.
Mid April the restart of the bull run after correction
ETH/USD Divergence Spread Trade With BTC/USD!Hello Fellow Trader!
These types of trades have two scenarios.
1. Is BTC/USD over price and going to find the median with ETH
2. Is ETH/USD undervalued and going to appreciate with BTC
With the way the current structure is forming, the view is ETH is undervalued in this case and upside is higher probable.
Key Points:
- Caution - Price holding below the 200 EMA
- Caution - Price holding below the 50 EMA
- Would be great to see price reclaim 200 EMA, but the reward to risk ratio will be compromised.
- 50% Fibonacci support level at 359 support
- Divergence in the RSI at lower lows on price
Key Levels:
Support – 359, 350
Resistance – 50 EMA, 200 EMA, 390, 415
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – 359
Supporting Entry – 365
Candle Reversals for entry
- Bullish Hammer
- Bullish Engulfing
- Bullish Piercing
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks below 350 level– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry 359 – Target 1 390= 3x Reward to Risk
Optimal Entry 359 – Target 2 415= 5x Reward to Risk
Supporting Entry 365– Target 1 390= 1.3x Reward to Risk
Supporting Entry 365– Target 2 415= 2.7x Reward to Risk
XLMUSD | SWING - 13. Sep. 2020Hello my friend | Welcome Back.
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Obviously, it will break the channel to the downside and may reach the mentioned support.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
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BTCUSD Bitcoin | SWING - 13. Sep. 2020Hello my friend | Welcome Back.
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After Bitcoin broke the downtrend, it may head down to $9,939 to retest the broken area, heading to the upside.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
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EURUSD | SWING - 9. Sep. 2020Hello my friend | Welcome Back.
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The Euro is on a bearish trend line that is expected to be broken, heading towards the upside, and bouncing at the strong point of the rebound volume profile.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
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