Topdownanalyses
Bitcoin and the long awaited IHSWelcome fellow Tradingviewers,
Bitcoin has made a huge correction since our last breakdown. We have had succes with longing from the 6800 area and shorting from the 10.4 area. Currently we are in no position and we are approaching our long awaited Buy zones.
Since our first update of the huge Inverse head and shoulders which could be found on the weekly we have been keeping our eye on it. When we managed to close a weekly above 9600 this seemed less likely to happen, except that we are now back in the forming of the right shoulder as it seems. Thuis can not be found on the weekly, but we have now shifted our vision on the daily.
Without further or due, lets start analysing.
We will be analysing BTC using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly:
- Our candle is closing in a day and 12 hours, this candlefollows up the huge bullish engulfing candle that we had last month
- MACD is very narrow, indicating indecisiveness.
- RSI is still in Neutral
- We can see that we clearly touched the 10.4 resistance
Weekly:
- This weekly candle is closing as a huge bearish engulfing, indicating more downside momentum.
- We are now touching the weekly 50 MA again, closing above would indicate more upside momentum.
- MACD is still in bullish territory, indicating more upside.
- RSI is still in neutral
Daily :
- The last daily candle managed to close above the 200 daily ma, indicating upside momentum.
- We are approaching the 100 MA which could provide (short term) support.
- The current candle is looking like a bearish engulfing, indicating downside momentum.
- MACD has crossed bearish, indicating downside momentum.
- The RSI is still in neutral.
In summary:
We still have more room for downside momentum, but the overall picture is still looking pretty, we will be looking at long opportunities at the stated zones.
Looking at the shorter timeframes to target our entries.
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like !
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
TRX/BTC ready for 300 sats? Welcome fellow Tradingviewers,
The infamous TRX Sh*tcoin, no matter what you think about this coin, when oppurtunity arises you act by it.
Without further or due, lets start analysing:
We will be analysing TRX using a top-down strategy, including candlestick patterns, indicators and price patterns.
Monthly :
- The October monthly close gave the first Buy signal.
- The last monthly close was neutral and this one is starting to look like a bullish engulfing candle, indicating more upside momentum
Weekly :
- The last weekly candle closed in a bullish engulfing candle, indicating more upside.
- The last weekly candle did not manage to close high enough to break the neckline of the Cup & Handle pattern, if this week gets it done, then more upside momentum is expected.
- MACD has crossed bullish, indicating more upside momentum.
- RSI is still neutral.
Daily :
- The last daily candle had a huge wick to the downside, indicating more upside momentum.
- It looks like the Neckline of this possible C & H pattern has been tested with absolute precision and bounced back, indicating more upside.
- MACD is in bullish territory, indicating more upside momentum.
- RSI is in neutral.
- Currently battling the 230-240 sats area
In summary:
We can clearly see that the bulls are trying to let TRX take off but it is not yet confirmed. A daily close above the 230-240 zone would let me believe that the C&H is in play and that we could start to head towards the 280-300 sats area.
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like !
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
FORALLCRYPTO
LTCBTC trendreversalWelcome fellow tradingviewers,
For the ones following me for a longer period of time we have mentioned a possible trendreversal on LTCBTC a couple of times.
After our last analyses we had a small fakeout to the downside with the miners capitulation sending the prices into one last dark hole.
Since then prices have returned to the mean and we are now getting even better signals.
So lets jump straight into analyzing shal we?
Monthly :
- A candle closure above 0.0065 is very likely to happen, this would indicate a bullish engulfing candle of the monthly which is a great indicator for further upside.
- The volume picture is also corresponding with the bullish engulfing, increase in volume + increase in price = upside potential.
- Next real resistance would be located around 0.008
Weekly :
- This weekly candle is also trying to become a big bullish engulfing indicating more upside to come.
- Weekly MACD crossed bullish which is a big thing (if you want to know why check our last analyses)
- Resistance located around 0.007
Daily :
- 5 candles ago we had a bullish engulfing candle indicating more upside, which seems to take place as of today.
- Daily closure above 0.0069 would mean that the 200 daily moving average has been overtaken, which would mean that the TREND has CHANGED !
So depending on the daily close of today you could state that the trend on LTCBTC has changed and that we are now once again looking to open long positions.
LTCBTC is soon getting its own ASIC miner which would make the mining of LTC become more profitable indicating that more people will start mining again.
So in summary:
We are really bullish on LTCBTC if we get a closure above the 200 (D)MA and a bullish engulfing on the monthly, then the trend is changed in our opinion and we could be in for a long lasting bullrun.
This analyses is only showing you guys our vision on LTC and should not be considered as financial advice. If you agree or find this analyses useful let us know in the comments below and don't forget to leave a Like !
Kind regards,
Forallcrypto
UBER trendreversal confirmed? Welcome fellow tradingviewers,
This is one of the first individual stock pick that we are going to be analysing in 2020.
Uber is one of the best known brands by name among millenials and one of the failing IPO's we have seen so far.
Without further due, lets look at the chart:
Weekly:
- Morning star pattern has been formed, which is usually known to be a trend reversal pattern.
- Volumes have been increasing a lot.
Daily:
- We have closed above the 100 MA indicating more upside to come
- We can clearly see volumes increasing
- Big bulllish engulfing cande on last weekly close
4 Hour:
- We have found support above the 200 MA indicating more upside to come
We are looking forward to see what 2020 is going to bring UBER, we are long for now!
We kindly want to remind you that we are only showing you guys our view and that this should not be considered as financial advice.
However if you found this analyses useful please don't forget to leave a like !
And if you have anything to say about our analyses let us know in the comments below!
Kind regards,
Forallcrypto
