This chart is for my own reference. I don't see another parabolic run coming soon, even though many analyists and financial market experters (or whatever) love throwing wild predictions on the price of bitcoin - ranging from $250,000 to $100,000,000 in the next two years. Feel free to share your ideas in the comments section. Our growing Discord Community is...
Hello my friend! It's time for an update. The price of Bitcoin (BTC) is moving in a Falling Wedge. This is a bullish pattern under two conditions: The price has to break the Resistance Line and we need high volume. The 9000.00 price-mark is right in front of us and the price has failed to break this level multiple times. In this case, we will need a confirmation,...
Hello my friends! I've made an interesting observation on the 4 hours time-frame of Bitcoin (BTC). According to my idea, we might see a move to the 9150.00 area in the next hours. The yellow boxes highlight the volatility in a period from sunday to monday. The price moves from a swing low to a previous high (dotted lines). This works out on a weekly basis. Our...
Hello my friends! The price of Bitcoin ( BTC ) might be moving in a Descending Channel on the 1-day time-frame (purple box). We are currently moving in our Key Area, from where most of the volatility happens according to our backtracking. A strong move is expected. Since the SMA 100 acted as a strong resistance and many indicators are giving us a sell signal, we...
Hello my friends! The price of Bitcoin (BTC) might be moving in a Bullish Pennant after the parabolic run until December 2018. According to my idea, the price is currently in the last leg down, hitting our Support long-term in the beginning of 2020, from where the price will start to push aggressively upwards in anticipation for the Halving in May 2020. Please...
Chart requested from @AmirMassoud94 This is just a quick example of how accurate the ADX line signal can be. BNB was moving in a Falling Wedge (bullish pattern). As mentioned in yesterdays XRPUSD idea, which is linked below, an ADX line moving between 10.00 and 20.00 is hinting a possible Pattern Breakout. Guess what - the price broke the Resistance Line of the...
The price touched the Resistance (Trend) at 10350.00 after a strong upwards move. The SMA 100 is acting as a strong Resistance (Yellow Circle). We are now heading back to our next Support at 8800.00, where we will possibly meet the SMA 50. With a bullish sentiment in the short-term (Golden Cross), the price might bounce from there. Position: Short Open: 9400.00 -...
Hello my friends! We have a possible Bull Flag forming on the 6H time-frame. The pattern is confirmed if we close in our Buy Zone from 0.00000192 to 0.00000196. In this case we will open a long position with Target 1 at 0.00000213 and Target 2 at 0.00000233 in sight. Please wait for a confirmation first. Patience is the key. I will update this chart...
We use the level of the Pitchfork to determine possible Sell- and Buy-Entries. As mentioned in yesterdays idea (linked below), the price headed back to our Trendline. I'm expecting the price to retrace to the SMA right next to our Resistance Zone (Purple Area), followed by another leg-down. Position: Short Open: Entry (Sell) 8100.00 Area Close: Trend Line...
Hello my friends! What we can see on the daily chart is a classic Head & Shoulders pattern. This is a continuation pattern followed by a strong move. We are also at a very important Support Zone, which could break if enough sellers enter the market in the next two days. We will open a position under the following conditions Position: Short Open: When Neckline...
The Pitchfork is giving us an idea about important levels (Resistance, Support, Trend) during a downtrend, which occured about a month ago with a heavy price drop. After yesterdays nice climb we might be heading back to are Trend (Median), which acted as a Support/Resistance reversal multiple times. Position: Short Open: Resistance Area (Purple) Close: Trend Line...
The price is moving in the lower band of the Bollinger Bands. We open our position (Short) in our Sell Zone (Red Box) located between 7940.00 and 8100.00 . I'm expecting a strong move within the next hours/ days. Our Target Zone (Green Box) is located between 7200.00 and 7400.00 . I will update this chart accordingly! THANKS! For all the positive...
Chart for a Patreon #2 :-)
It's time for an update, friends! The price made a breakout to the downside. The candles are moving along the lower band of the Bollinger Bands. Remember that the Bollinger Bands are a volatility indicator. This is the first hint for a strong move. It's a great tool to spot possible breakouts. See my last idea (linked below) for an example. The price made this...
There is an interesting thing going on on daily timeframe. The price is moving in a triangle on the larger picture. We are currently sitting right below our Resistance Line (Trend). This usually means we are trending back to the Support Line of the Triangle. We are also in the upper band of the Bollinger Bands. The SMA of the Bollinger Bands (Orange Line) is a...
The price might be moving in a Channel (upwards). To confirm this bullish scenario, we need second a confirmation of the Support Line of the Channel. This is where our potential Buy Zone is located: 8450.00 - 8550.00 I'm using a fractal of the past hours to show you where this move could take us. Our Target is located at the Resistance Line of the Channel: ...