BTC UPDATE! ON THE BRIGHT SIDEI think that my previous post looks pessimistic, while I'm actually not.
We have way more on the bullish side than on the bearish. BTC painting Inverse H&S that I mentioned here
The neckline right under the strong resistance line and breaking it not going to be easy. BUT! If we will break MA200 at 8500, we likely will see a very strong FOMO that may bring us to the target between 11800 and 13100(avg ~12450).
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Etherum
BTC UPDATE. Bottom confirmedHi, guys! Hope you like my last charts and you made money together with me :)
We have a lot of good news:
1) We found strong support ~5800-6000
2) We broke the longtime downtrend channel
3) We broke 6200 resistance
4) !!! We are approaching 4/1 Gann Fan that I talked about in my previous charts. It's currently at 6800 and breaking this level should bring an explosive rally.
5) RSI and MACD turned around and going up
6) Momentum went literally vertical
This is the worst time to be bearish :)
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
What trend are we looking at for Cardano?Unlike some of the other projects facing a possible addition to coinbases elaborated club of digital assets, Cardano seems to be less effected by this fantastic news. Why is that? It comes as a surprise to me. Does that sound like an "Ethereum-killer"? I wonder if the market lost its faith with this project. The roadmap sounds slow and only good in theory. Will the funds dry out before the ambitious plans will ever be realised? Or is it just the silence before the storm? Maybe this project is to science- and not enough business-oriented. University professors seem to be less under pressure than business guys like Larimer. And less efficient. But I might be totally wrong with my thoughts. Correct me, please!
let's talk about MACDEnding diagonal often mark the end of the trend
Ending diagonal often correct to at least fib 0.5
As price printed lower low, macd has been printing higher low, 3 times, one touch for every subwave
This shows how long "bullish divergence" can keep on going without producing a reversal.
It also confirm the diagonal triangle, in which subwave 3 and 5 are meant to have smaller target
Price action broke out of the diagonal in wave 1 and tested the upper line of the diagonal in wave 2
Producing a fourth higher low on MACD
Current wave i, has finally broke out above previous high on MACD and has now confirm that entire serie of divergence as a reversal.
So now the target for wave ii, should ideally leave macd in the positive and even better, not return under the upper black line.
That leave us, with either a sharp or short wave ii
Blue box would be best
The minimum target coming up next is fib 0.5 of the diagonal, then fib 0.5 of the abc.
DOGECOIN ADDED TO THE ROBINHOOD! 56% THIS WEEK. MORE COMING SOO
Hi! DOGE has been added to the ROBINHOOD , and now available to the general public, and right after the announcement, it was clear that the price will pump vertically, what we could see during this week. Rule of thumb - whatever is being added to the Robinhood or other major exchange being pumped impressively.
Twitter literally exploded with the bullish post, as well as all other social media.
Accumulation went up immediately and the price rose to 0.0023 to 0.0044 in days almost doubling the price outperforming every single crypto.
ATM it's painting a falling wedge getting ready for another spike up.
Stay tuned!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC UPDATE! INV H&S ON THE KEY SUPPORT LEVEL - CRYPTO CLASSIC
Hi, everyone!
It was a boring week (as I promised) and BTC slow and steady painting the classical for BTC figure that we see at 9 bottoms from 10 - inverse H&S. Volume at the right shoulder confirms the pattern. Daily RSI is still on the sold side and engulfing upward. we also have an RSI convergence on daily since the last bullish daily candle. The neckline right at the long-time resistance level 6800 and the target of INVERSE H&S around 7800 .
This means that most likely, price going to break two resistances, 6800 and 7700 and should find the support at 7600 - 7700 . It's not going to be easy and not going to be one green candle. It's likely will be a harsh road, but we should make it. I have a confirmation, so I'm going long, adding to my previous position that I hold from 5850.
Good luck, everyone!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
breakout confirmed, what's next ?RSI just confirmed the breakout,
Most indicators are now reset, so there isn't much else to say
I have 3 TP above where price might turn
Looking at alts such as IOTA, BCH an XRP, i'd say wave 3 was probably the top of wave 1, this count would bring us to the target on top
Etherum Classic (ETC) vs Tether (USDT) - Going Bullish ($$$)Etherum Classic (ETC) has been doing great the past few days, lots of growth and many positive / bullish signals are developing.
I posted an update in my long term Etherum Classic vs Bitcoin (ETCBTC) trade which you can find here:
Now, let's take a quick look at ETC vs USDT.
By looking at the daily and weekly charts, we can spot the following signals:
- On the daily time frame, we can spot a bullish MACD plus strong positive divergence.
- The RSI is on the bullish zone and asking for more. The STOCH is very bullish as well.
- We have a signal that never fails, EMA10 crossing up EMA50, as well as SMA20 crossing up SMA50 (which is basically the same), very strong bullish signals that points to additional upward movement for this coin.
- We are now trading above the EMA100 line, which hasn't been done for over 2 months. The next challenge is the EMA200 line at $18.5.
- Three consecutive green candles is another bullish signal.
- Volume is a bit low but momentum is building up.
- On the weekly time frame, to the right, we can see that ETC has been positive for 4 straight weeks and now crossing above the EMA10 line, which is great for this coin.
- The MACD is yet to turn but the RSI is slightly starting to trend up as well as the STOCH.
- A strong close on the weekly time frame can mean huge gains next week... And that's exactly what I believe.
Note: This is no trade advice. This is an educational post.
Thanks a lot for reading, I hope you were entertained by this information and wish that it can help you earn a few bucks.
Namaste.
P.S. Please make sure to like, share, follow & comment to support more of these trade ideas.
BTC UPDATE! DIAMOND BOTTOM PATTERN. Hi, guys! As we discussed earlier, BTC didn't manage to close the inside bar over 6200 which led to another quick drop. Now, we have a double bottom, but most interesting that price drew a very rare Dimond Pattern. Now we have a diamond bottom and breakout from 5950 will be a bullish confirmation. This pattern is rare and this is a reversal pattern that works out very well. Let's watch the price action and enjoy :)
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC UPDATE! BULLS ARE BACKQuick update on BTC . Chart says it all:
We broke 6180 resistance and firmly closed above. Now it paints another Bullish Flag with target at $6500 and we also have an Inverse H&S with the target right at the key resistance level - 6800.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC UPDATE. Rising flag. Downtrend continuation
Hi, guys! We are currently at the wave C going to wave D(~6780) and after that, most likely will try 6980.
BTC drawing a rising pennant, and target below the triangle(red lines) and highly likely will close under it, which is bearish and promising a downtrend continuation.
We never see a bottom, but FOMO is really strong because we have lots of people not familiar with TA who buying every top and wasting our time.
I wouldn't be surprised if FOMO will push the price higher than this bearish pennant despite the oversold condition, but the max price I can see is 7300-7500(pink, long time downtrend line).
However, even if it will happen, the price should see a brutal rejection between 7.3 and 7.5 and even if tested, selloff most likely will be dramatic.
Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for educational purposes only
BTC UPDATE(NOT A JOKE!)The previous chart is a Fool's Day joke. This one is real.
We reached the target but I don't see a bottom here. This is a point of interest for many, so we can find a short-term support at 6500 and I expect a sideways between 6.5 and 7.2. Overall, trend remeans to be bearish and we are sliding down in the channel that has a 1/2 Gann Fann line as a bottom line. Also, we have a Death Cross of 50 and 200 EMA's. Highest point I expect is 7.4(target of 15m inverse H&S). The green rectangle is probable target point. There meeting Gann Fan and 1.68 Fibonacci level.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC UPDATE! UNDERLOOKED FALLING WEDGE - TARGET $13,50016 week Triangle that everyone was talking about seems to be a WEDGE! Here is why:
Since we almost don't have wicks on the top(check it yourself on the Daily chart), we should disregard wicks on the bottom
#1 rule: Wicks to wicks, body to body. If we charting it properly following this rule, we can clearly see a falling wedge and price just bounced from the lower line. That's why it spiked like that recently. $5800 has been tested multiple times and showed a strong support and now BTC testing resistance at $6250. If we will manage to break it, next stops are $6800-$7050, $7600-$7800, 9k, 10k, 11600 => Target
The measured target of this Wedge is $13500
Stay tuned!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC UPDATE! Bottom, bounce, waves and levelsHi, guys!
In this chart, I want to share with you the most important Support and Resistance levels that necessary to know regardless how things will unfold.
At first of all, I want to bring your attention to the inverse H&S that I called a week ago. It keeps forming but with a little delay. Smaller INV H&S already was executed, target reached and we are heading to the right shoulder of large inv H&S.
We just broke a short time resistance at $6220 which for me was a reversal/buy confirmation, but I've been greedy and scooped some at 6050 and 5950 without confirmation because it was the level of the strongest support that BTC ever has , and it would be unforgivable to miss it.
Now, look at the support/resistance levels. This is key levels that we should keep an eye on to don't sell the support and buy resistance, as many folks like to do.
Thiknes of this levels is calculated very accurately, so, don't disregard it , the thickness is different for a reason! Level can't be considered as broken without complete penetration of the level.
My target ATM is 7600 where we will meet a very strong downtrend line that showed brutal resistance three times in a row. If for any reason that level will be broken, resistance at 9k will be a confirmation of the big move up to $13500 . Of course, we will need to deal with all resistance levels that you see on the chart on the way up, so keep this chart close to check up later on, or mark this levels on your own.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
UPDATED! BTC reached key support level. Descending triangle. This is an update to the previous chart since I want to clarify some details:
BTC dropped to the key support level that we have seen twice since "big rally" in the same time turning from the symmetrical triangle into Descending Triangle. If 6000-6500 will hold, we should finish wave "E" first, and if the breakdown occurs at 8500-8800, the target might be ~13250 at 0.5 Fibonacci and here is why:
BTC is still very overbought, Daily RSI - 28, Stoch RSI - 6. We have seen this conditions only 6 times before the big rallies from 1800 to 4980, 2900 to 19980, 5800 to 11800 and 6400 to 9800, in average 7395 points up from RSI 30 on D, which is mysteriously matching a measured target of the triangle(Green arrow) 13500.
Since we missing wave "E", we are at the bottom of the triangle, this level showed a strong support twice, and conditions are badly oversold, we should finish the wave "E" before going down. Lower targets from the previous chart stay intact, but not going to be reached without retracement up.
Bonus:
Now, for those who use a Gann Fan, you probably know, that breaking 4/1 Gann is very bullish and often delivers a huge breakout in one big candle(cluster). BTC's 4/1 at ~7000k, so we are really close to it. If 7k will be broken, wave "E" is almost guaranteed.
Hold tight and stay tuned
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
BTC reached key support level. Descending triangle. Target 13500Hi, everyone! BTC dropped to the key support level that we have seen twice since "big rally" in the same time turning from symmetrical triangle which is Bi-Lateral pattern into Descending Triangle, which is BULLISH. If 6000-6500 will hold, we should reach a wave "E" first, and if the breakdown occurs at 8500-8800, the target will be ~13250 at 0.5 Fibonacci.
BTC is still very overbought, Daily RSI 28. We have seen this conditions only 6 times before the big rallies from 1800 to 4980, 2900 to 19980, 5800 to 11800 and 6400 to 9800.
Hold tight and stay tuned
$ETH - Etherum Daily Chart BTC PairingEtherum overall has been on a nice bull run in the long term. The monthly chart shows a continued run of higher lows on the BTC pairing. I am looking to add to my ETH holdings as it is the only other coin than BTC that i actually hold for long term consideration at this point. We are seeing the signs of a trend reversal coming out of a correction. We found some support near the bottom bollinger band which matched up against a support line around 7981304 SATS. AC oscillator is turning green and heading back to the zero line and the BB% is trending up. I would consider a buy in once the Ac oscillator crosses the zero line and we break the current channel. All these indicators will confirm a new trend which will be a good sign to buy in.
ETHUSD - SETUP - WEEKLY CONTINUATION - 28 MAYWELCOME TO DACAPITAL TRADING!!
ETHUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Strong H4 Breakdown below previous week price action low
DAILY
Very bearish price movement last couple of days forming several lows
WEEKLY
We now have 4 highly bearish candles in a row following this movement..
LEVELS
SHORT @ 532.23
SL @ 577.88
TP1 @ 487.30
TP2 @ 463.39
TP3 @ 441.80
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING