Don't get trapped buying the gap ! free fall below 25 Ema !Sup Bitcoiners,
Weekly candle is holding right above 25 Ema support and it can take a nosedive to 99 Ema around ( $8300-$8600) prices if it breaks or closes below 25 ema ! Macd is about to cross on weekly and that is some serious bearish signs ! we can still get a correction before next dip but i'm not sold on this yet ! whales plan is to fill the gap and take the price lower since the whole world has orders @ CME GAP ! patience is key here ! Do not forget to put more buy orders @ 99 ema on weekly tf ! Good luck ...
CRYPTO ALWAYS DUMPS 2X FASTER THAN IT PUMP !
BITCOIN IS NOT BULLISH UNTILL IT CLOSES A GOD DAMN CANDLE ABOVE $12359.00 AS I HAVE MENTIONED SINCE JULY 28 !
DOESN'T MATTER HOW HIGH WE GO , FINAL TARGET ON 1 YEAR CHART IS $7156 !
Cryptocurrencty
ETHBTC ABC Correction 🦐ETHBTC is inside ABC Correction , the market lost momentum and failed to create a new higher high.
The price retests the neckline and could start to create FLAT Correction (Elliot's wave)
According to Plancton's strategy, we can set a nice short
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
EURCAD BREAK RETEST CONTINUATION POTENTIAL TRADE TO 1.51500Evening from the UK. Let's talk Trend lines. Hopefully you all use trend lines within your analysis but on this occasion we have a descending trendily break. As you can see we have had a good 3/4 swing highs where price action has touched the top trendily found resistance and continued the bearish leg. This Bear leg could now become exhausted which may lead to a trend reversal to the upside with a trend line break.
Now theres 2 things to consider when we get a TL break. 1 False breakouts, where we have a break and price close back within the channel. 2.Break Retest of the Trend line and continuation to the direction the price has broke towards. Now at this moment in time is crucial as it looks like we have had a breakout of 40pips and a retest. If we have price going into the asia session/wednesday remain above the trend line and moving averages as a resistance with the help of some bullish/reversal candles we have a bull trade on our hands.
You can also also have a Fibonacci extension from the recent swing low to swing high and yo will notice where price is retesting a 38% fib retracement level is also being respected. Currently all great signs for bullish momentum. If price begins to close within the channel. I will have to rethink this entry. It has been a very bearish year so far for this pair, can the Bulls take control?
Trading levels 1/23/19What a drop in the markets, the NQ stopped right at the support level, if we can get a rally, the R1 - YH zone is going to be a good place to start some short positions, and if the market keeps moving lower i will be looking at S2 as a place to take some longs.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
The Big Crash - $2000The question now is: Is this a descending triangle or not?
In my opinion it is a descending triangle and we just did not notice that... I have been bearish for a long time and just wait for the drop but he did not come.
Despite the many comparisons, I have been looking for reasons why we should have a bull run.
After the $10,000 breakout I really wondered if I was not wrong with my assessments.
But now it all makes sense to me. We probably test only the triangle before it comes to a big crash.
The most obvious things you'll never see and I have luckily found it now.
It would also fit with this comparison of Bitcoin 2014 because if you follow the chart, then bitcoin would have to fall in the next time:
Indicators are also showing bearish signs after testing the descending triangle. Volume is very low.
Now I am ready for more. Thank me later. I stay bearish and here you have your answer why. Technical analysis also works at Bitcoin.
Road to $2000. I will keep you up to date.