11.3.2020 - Bitcoin (BTC / USD)Hi Traders!
Today we're looking again at bitcoin, but this time with the long-term lenses.
Currently, halving comes out on May 11, 2020, and many people have speculated based on the past that if history repeats, we should grow before halving. Subsequently, in the halving period, we would slightly decline (even consolidate) and grow again. The bitter surprise is that halving is around the corner and bitcoin is falling. So we offer 3 basic scenarios.
1. Bullish scenario
Right now we are near the bottom and the lower trend line will support us. A bounce will come from there, and we'll climb towards the top of the trend line, we can get through it and get into the bullish zone. There is also strong resistance around the trend line.
2. Bearish scenario
In this case, the lower trendline won't support us and we'll break it down. This would be an extreme bearish situation, we cannot fully imagine what would follow then. But we have to take it into consideration.
3. Complete triangle fill-up
Two basic trend lines make up a triangle together and it's possible that we could bounce off the bottom and go up to the top line, where rejection would come across and we would go back to the bottom and the final decision would take place there. However, this move could take up to 3-4 months and would be very challenging for trading.
Which scenario do you find the most likely? To us, the last one, because both bullish and bearish scenario represents huge extremes even for cryptocurrencies.
May the crypto be with you!
Excavo
4.3.2020 - Litecoin (LTC / USD)Hi Traders!
We haven't looked at Litecoin recently, one of the most famous cryptocurrencies. We are currently at $ 60 and our fundamental question is - is this the end of the correction? As you can see from the chart, we have highlighted a bullish and bearish scenario.
In the case of the bullish scenario, we assume the correction is fully completed and the next move will bring us to a new high . However, we have a few strong resistances ahead of us, and the steep angle of decline isn't any advantage. This decline is sufficient in terms of percentage, but the dynamics at which we got to the target isn't ideal. That's why we must also take the bearish scenario into account.
In the bearish scenario, it was only the A wave and we're currently expecting less growth with the subsequent completion of the entire correction.
3 strong resistances:
1. the lower edge of the channel
2. the upper edge of the channel
3. bullish level
The bullish scenario will only be valid after the bullish level has been overcome . Until then, any resistance that sends us to a new low can always stop us.
May the crypto be with you!
ETHEREUM is forming Bear-flag,Wait for Breakout to SELL..Tp-$200Please Support this Idea with LIKE if it is Useful....
ETHEREUM Update..
The price is forming a potential Bear-flag pattern,wait for breakout to sell with initial target at $210 & final target at $200,If the price breaks above the invalidation level then the setup will invalidate..
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to SELl..
Trade it with proper Sl..
Take entry only after price gives bearish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
THIS CHART LOOKS SHITY ! DOWN TRENDI AM BTC STANDARD GUY . AS UGLYOLDGOAT AND TYLER JENKS ( R.I.P GRANDPA THAT I NEVER HAD) DESCRIBED IT
I THINK THERE IS A PLACE TO BITCOIN IN PPLS DAY LIFE AND THE LAST THING I WANT TO LOSE MORE THAN I LOST ALREADY.
I MADE A CHOICE FIRST IM A CHARTIST - A NEW ONE, MATURE AND MESSY. VERY VERY MESSY. AND IM LEARNING EVERY DAY TO CHART.
THIS IS WERE ALL THE Q&A R EXIST
ALL DESIGIONS, FEARS, HAPPINESS, TEARS, MACRO CROWD DESIGIONS, BIG PLAYERS AND MARKET MOVERS
ALSO THE PPL THAT R NOT PARTICIPATE IN TRADING ALSO HERE BCAUSE SITTING ON THE BORDER OR NOT KNOWING ABOUT THE GAME
IS ALSO PART OF THE MACRO GAME. IN ANY MARKET NOT ONLY CRYPTO.
AFTER THIS PROLOG - PLZ ANSWER, DO YOU C THIS CHART BULL ?
IF YOU LOOK ON THE TREND - YES IT IS IT IS BULLISH AS FUCKING SHTRONGOL
BUT WHAT KEEPS IT UP ?
THIS IS WEEKLY CHART AND THERE IS NO VOLUME AND I CARE LESS ABOUT VOLUME ON CANDLES ( THAT ALSO DECLINES AND LOOSING FUEL)
BUT IT DOESN'T TELLS YOU HOW STRONG IS THE TREND.
VPRV IS TELLING YOU THIS. AND - WHERE IS IT? GREEN BOX ON THE VPRV IS A FIFTH OR LESS THAN PREVIOUS YEARS
ALSO FOUND NEW ( TO ME ) DOWN TREND CHANNEL THAT REJECTED ALREADY 5 TIMES - ORANGE ARROWS.
USUALLY IF PRICE HITTING SAME RESISTANCE SEVERAL TIMES IT TEND TO BROKE - BUT 5 TIMES ALREADY IN 3 YEARS...? AND IN DECLINING ANGLE?
THE YELLOW CIRCLE TELLS ME THAT THE TREND CHANNEL IS LEGIT- SO THE NEXT LOW IS WHAT ? 2500-2000$??
TONE VAYS GONNA GET 2 STEAKS FOR HIS BET ?
LOOK AT RSI BREAKING UNDER 50, MACD - SAME.
THE GREEN BOX IS THE PLACE WHERE WAS THE LAST SIGNIFICANT VPRV FROM WEEKLY PERSPECTIVE
RIGHT NOW WE SITTING ON 50 EMASMA AND ORIGINAL S.A.R( LUCID S.A.R IF YOU SEARCH IN INDICATORS)
MOVE TO 8200 PROBABLY WILL FLIP THE S.A.R AND BREAK THE EMASMA- AND THEY R USUALLY NOT CHAPPY INDICATORS ON BIG TF AS WEEKLY
THE CHART JUST A CREATE ANOTHER LOWER LOW ...
IT LOOKS LIKE FROM 08.2016 LESS AND LESS NEW MONEY COMING IN OR MABY THERE IS MORE MONEY COMING BUT NOT ENOUGH IN AMOUNT THAT NEEDED.
ENOUGH TO OPEN "BITCOINS WALLET CHART " SOME HUGE SLEEPING WHALES, SOME HUGE DEAD WALLETS WITHOUT KEYS
SOME CRYPTO EXCHANGE WALLETS THAT MOVES IN AND OUT OUR BITCOIN THAT WE TRADE . AND HUGE NUMBER OF WALLETS WITH MICRO AMOUNT OF SATOSHIS.
ADOPTION AMONG SIMPLE PPL DECLINING WITH MULTIPLY ALTCOINS- ITS CONFUSING - "BITCOIN.COM" / "BITCOINSV" AND ALTS
AND SOME HARD BITCOIN PERSONS THAT STARTS EYEING TO "ANOTHER GREAT UNDERGROUND FARYTALE MONEY"
THATS WHY TETHER PROBABLY WILL B THE CRYPTO TREASURY DEPARTMENT ...THEY GONNA PRINT TETHER AS MUCH AS THE ENVIRONMENT NEEDED TO KEEP IN NOT
ONLY HUGE AD/PROMO CHARITY FUND CAN HELP SPREAD THE IMPORTANCE OF BITCOIN- IM WATCHING THIS MARKET SINCE END 2017
UNCONDITIONALLY UNBITCOINERS HAVE MUCH HIGHER VOICE THAN BITCOIN STANDARD PPL
SO THIS IS MY 50+ CENTS
HOPE PPL THAT I TAGGED WILL NOT BAN ME FOR MY MATURE SHIT
SORRY FOR MY ENG- LEARNED IT IN LAST 1.5 YEARS
SINCERELY ME
BITCOIN is below Support/Resistance level,When to SELL??.. Please Support this Idea with LIKE if it is Useful..
BITCOIN Update..
The price is below strong support/resistance level,previously the level acted as a strong support for the price,this time price broke through the level,wait for the price to make a pullback or retest the level and if price gives any bearish signal,look for Sell opportunity
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to SELl..
Trade it with proper Sl..
NOTE :
Take entry only after price gives bearish signals..
Be carefull from false breakouts..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
26.2.2020 - Ether (ETH / USD)Hi Traders!
Today we're looking at the biggest representative of altcoins - ETH. Ethereum is very interesting for several reasons. In the community, transition from POW (proof of work) to POS (proof of stake) is now quite a hot topic. This change is also believed to be due to many miners gone mining ETC (Ethereum Classic) and that was the main reason for its graceful increase.
However, Ethereum is also interesting for another reason. It's currently in the channel and we can say it's consolidating on the TOP now. We have identified two main zones where ETH can come:
1.
0.382 Fibonacci retracement , where the bottom edge of the channel and even strong support is. Many other altcoins have crossed this line today and continue to decrease, but ETH is still holding. This is the first zone where we would think about buying.
2.
0.618 Fibonacci retracement and in this case, it would be up to around $ 184. Yes, these values are also possible.
We believe that ETH will continue to decline and we've also identified two key zones to monitor. But what if growth comes? In that case, we would wait for ETH to exceed the $ 287 threshold. This is the bullish level that we have to overcome if we want to grow further. Until we overcome it, these targets apply.
May the crypto be with you!
BITCOIN | Price is near SELL zone,Very High Probability Trade!..BITCOIN Update..
The price is approaching a very strong support/resistance level and previously,market has reacted strongly to this level and started a bearish impulse move,wait for the price to reach the level and If price gives any bearish signal,look for sell Opportunity...
Push LIKE & SUPPORT the Idea...
For Entry:
Wait for the formation of Beaish Candlestick Pattern to close on 4hr timeframe for confirmation to Sell..
Trade it with proper Sl..
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
5.2.2020 - Bitcoin (BTC / USD)Hi Traders!
Today, we look again at bitcoin, but in a shorter time frame. We see an essential zone that can decide on further developments.
On 17.12.19 we witnessed another "LOW".
We're currently in the channel and have completed waves A and B. At this point we're already in wave C and there's no doubt that bitcoin has started a new cycle. Each new cycle has at least 3 waves and therefore our conservative target is in the range of $ 10,853 - $ 11,486. At this level, there is resistance in the form of the trendline and 1:1 extension. This is where we would sell most of the position and wait for what happens next.
A bullish scenario would be a situation in which the zone is broken upwards for the first time. In such a case, a retracement purchase would be appropriate.
The bearish scenario is such that we cannot break through the zone and drop subsequently.
Basically, it's just how strong bitcoin is before halving. Before or at about the halving time, there's a high probability of decline as speculators will most likely sell. So this zone is a reasonable target where we would wait for the next steps.
May the crypto be with you!
BITCOIN - What Would Happen If The Moon DisappearedWhat Would Happen If The Moon Disappeared?
Imagine all this hype about the next Halving in 148 days, fail.
Imagine!?
I told you about these pumps and dumps for months, just take a look in my profile..
Note: Bitcoin gonna explode like a MOAB in the long run, but for now, I dont think so..
BITCOIN | Price in a Channel and close to Resistance level,SELL!BITCOIN Update..
Price is following a downtrend channel and is close to support/resistance level,If theprice stays below the resistance,price could continue it's down move till the next support levels,and If the price gives any bearish signal,look for Sell opportunity...
Push LIKE & SUPPORT the Idea...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to Sell..
trade it with proper SL..
Be carefull from false breakouts..
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
ETHEREUM | Price broke below Support,Wait for pullback to SELL!.ETHEREUM Update..
Price made a strong Bearish move and broke below the support/resistance level,price is in strong momentum it could continue to move down,we can't enter in an Impulse move,wait for the price to make a pullback or a small correction,If the price gives any bearish signal,look for Sell opportunity...
Push LIKE & SUPPORT the Idea...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to Sell..
trade it with proper SL..
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITCOIN|Price made strong Bearish move,Wait for pullback to SELLBITCOIN Update..
Price made a strong Bearish move and broke below the support/resistance level,wait for the price to make a pullback or a small correction,If the price gives any bearish signal,look for Sell opportunity...
Push LIKE & SUPPORT the Idea...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to Sell..
trade it with proper SL..
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Bitcoin gotcha! Target hitHello guys and gerlz
I am proud to announce that my idea buying #BTC from early 7K has successfully played out reaching it's target at 9keks!
It is now time to reconsider charts.
I am definitely expecting some pullback from here which will establish the range for new consolidation or #BTC may as well continue bleeding as it has been doing from 20keks.
Please please please!!! DO NOT forget to comment and like my analysis, agree or disagree, regard to disregard! Action is better than no action! Appreciate it!
Love you all! Trade safely!
BITCOIN |Bearish divergence on RSI,When to SELL with Tp- $8,570!BITCOIN Update..
the price is approaching a psychological level of $ 9,000,also price & RSI are giving bearish divergence,If the price gives any bearish signal,look for Sell opportunity...
Push LIKE & SUPPORT the Idea...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to Sell..
trade it with proper SL..
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GOLD | price in a Downtrend Channel & in the SELL zone,SELL!....GOLD Update..
The price is in a downtrend channel & the price is below Support/Resistance level, If price gives any Bearish Signal, Look for Sell Opportunity...
Push LIKE & SUPPORT the Idea...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to Sell..
Gold is following fundamental news,So trade it with proper SL..
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
CADJPY | Price near Reversal zone,when to SELL!..CADJPY Update..
the price is near key support/resistance level, If price gives any Bearish Signal, Look for Sell Opportunity...
Push LIKE & SUPPORT the Idea...
For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 4hr timeframe for confirmation to Sell..
Trade it with proper Sl..
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Trend reversal or bull trapIf we talk about technical analysis
I see inverted head shoulders, the same as it was in 2018.
Also we are near MA200, now the situation is identical, we reach this moving and after that we go down
61.8 fibonacci level also works
The media is very bullish
Bloomberg every day there are articles from January, articles for beginners, about "that everything is fine, after 4 months halving and you will see the price twice as much.
There is no bottom when the media say that everything is fine. The bottom is when the media say that this is an apocalypse, collapse, only bad information.
Let's look at the situation regular traders bought at a price of 7-8k dollars
Who is buying 8-9k now? big players?)) I don’t think so, retail traders who jump into the outgoing train
you remember the end of 2018 when the media said that at the end of the year we will see 20-15k and after that you remember that we go to 3k.
What we can see now is the inverted head shoulders, and create the illusion of a return. All those who are now gaining a position are the very people who will be the first to sell, and stop loss in the area of 6800-6400 and after we achieve this, the position closes in the market and we go even lower.
January 25th, we have a Chinese New Year, in the coming week, I think many will go at these prices and after that we will go lower
This is my opinion we are still in the downtrend after a break and consolidation above 10400, for me there will be a final change of trend
Best regards EXCAVO
DAX-30The DAX (Deutscher Aktienindex (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Germany is the strongest economy in Europe. But in Europe is not very good there are more indebted debtors Greece, Italy, Spain ..., England has already fled the sinking ship. And the situation in the European Union will deteriorate. On technical analysis, showed the wave theory of the Elliott. We paint the fifth wave and after down the ABC correction. At the top showed a yellow line of resistance that with a black support line makes an rising wedge - a reversal pattern.