Get started

Totheground

CHZ formed a Symmetrical Triangle!!!Now, as the chart has formed a Symmetrical Triangle in a uptrend doesnt mean it should go upside, cause the Daily frame and Weekly frame chart doesnt indicate any signs for a bullish movement. So as I have marked the support level "of the Symmetrical Triangle" and the "4H Support Level" . If the price continues to break the "Support level of the Symmetrical Triangle" and close near to my entry price, I would enter for a short position with 2 Take Profits. You can follow this Trading Setup ⚠️NOT A FINANCIAL ADVICE!
Short
by Vickrant_S
1
SAND Talked about it the end of November 🤯🍕🍣Good morning to all traders, we had discussed sand towards the end of November when I was expecting a good retracement to enter below $5. I think that moment has arrived since we are in a descending channel with various support zones, the first of which is around 4.60 usd but it is not certain that it will hold. As always I will behave accordingly waiting for a confirmation or the reaching of my areas of interest (Support and the POC).
by IllyrianTrader
DOGEUSD(4 HR) : DOGE to continue the downward trendMarket in the last 24hrs DOGEUSD saw a steady bearish trend in the last 24 hours which was predicted in the last analysis. Trading volume has been significantly been low. Today’s Trend analysis DOGEUSD just touched the bottom Bollinger band, If the price accepts the line as a support line then we might see a reversal of the current trend and have some relief from the current bearish market. If the price follows the current trend and rejects the band as a support line then we can expect the price to go to the next probable support line(red trend line). Price volatility was high at approximately 8.1%, with the day's range between $0.286 — $0.309. Price at the time of publishing: $0.289 DOGE’s market cap: $37.5 Billion However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Traded volume has remained low in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITTREX:DOGEUSDShort
by Mudrex
DOGEUSD(4 HR) : DOGE may never reach the moonMarket in the last 24hrs DOGEUSD saw a consolidated movement with a slight indication of a bearish movement. Trading volume has been significantly been low. Today’s Trend analysis Price is expected to continue the current trend till it reaches the bottom Bollinger band and if the price doesn't accept it as a support line then the next support line would be the trend line. There is a chance that the price accepts the bottom Bollinger band as a support line then we might see a strong bullish trend. Price volatility remained low at approximately 2.95%, with the day's range between $0.305 — $0.314. Price at the time of publishing: $0.308 DOGE’s market cap: $40 Billion However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 3 are giving a SELL signal, 8 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Traded volume has remained low in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITTREX:DOGEUSDShort
by Mudrex
16
XRPUSD(4Hr) : XRPUSD looking to go downMarket in the last 24hrs In the last 24 hours, XRP saw a major bearish trend as it rejected the middle Bollinger band as a support line and is moving towards the Bottom Bollinger band. Trading volume has been high in the last 24 hours Today’s Trend analysis XRP is nearing the bottom Bollinger band and is very likely to see a reversal towards the bullish direction. There is also a chance that the price may reject the bottom band and continue its bearish trend. Price volatility remained low at approximately 5.95%, with the day's range between $0.0.84 — $0.0.89. Price at the time of publishing: $0.84 XRP’s market cap: $38.2 Billion However, the Indicator summary is giving a 'STRONG SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Traded volume has remained low in the past 24 hours. If the trading volume bumps then we can see a bullish momentum as well. If the price rejects the bottom Bollinger band as a support line then we can expect a continuation of the bearish momentum. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSDShort
by Mudrex
3
BTCUSDT | Insane Pattern Is Going to Play Out!Hello, traders! Let's talk about potential scenario for the Bitcoin price. FUNDAMENTAL ANALYSIS First of all you should know what are the reasons of the current correction. As we told in the previous analysis the first dump was due to huge amount of Bitcoins deposited on the exchanges. The supply exceeded the demand and the price went down. After that the price continued to go down because of two reasons: 1. The options for the Bitcoin with the expiration price $56000 expires on March 26th , thus the whales are trying to maintain the price below this level 2. Traditional markets looks not so good, as you remember there is a high correlation with the cryptomarkets. Now we can see that the Bitcoin reserves is at the minimum, which in conjunction with the options expiration can be the reason of the Bitcoin trend change to the uptrend. LONG-TERM TECHNICAL ANALYSIS I found the insane pattern of the Bitcoin price action from January 9th to February 14th. The price have already completed the half of this track. According to this pattern $50000 is the dip which is going to be the extremely strong support. This level is also coincides with the 50-day EMA level, which was the support for the price during all the current bull-run. Another one point is the regular bullish divergence with the MFI. SHORT-TERM TECHNICAL ANALYSIS Let's take a look at the current Bitcoin price action. There are the big falling broadening and small narrowing wedges. Now it looks like the price broke to the upside the small wedge. If this is not a fake breakout the green line can reflect the possible price movement. The next target is the upper band of the big wedge. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
BTC Next Global Target!Let's take a look at the Bitcoin price action history since 2017. We can notice that the price formed the important Fibonacci levels with the swing high of 2017 ATH and swing low from the beginning of the 2019. When the price correction occur in January 2021 it found strong support exactly at 1.68 Fib level ($30000). This was the sign of the current bull rally continuation. Now the price broke through the 2.61 Fib level ($46000). The next target is the 3.61 Fib level ($64500). In case of the new price correction if the price find support at the $46000 the bull run continue with high probability. As a result the possible zone of the further price action is a green box. This is global analysis. We will do more precise analysis next time. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
BITSTAMP:BTCUSD
by Skyrexio
3
Is BTC Crashing Now?Hello, dear subscribers! Today the traditional markets has a rapid decline and this fact have an impact on the Bitcoin price action. We saw another one attempt to break the key support level of $30000. Now it seems that the price bounced off this level ,but it is not confirmed. The very dangerous sign is the head and shoulders pattern which has already been formed. The target of this pattern is below the key support level , but this head and shoulder are not clear because it is a reverse pattern on the uptrend (we have downtrend now). This pattern could not play out but we should be careful. Globally, the price have almost formed the descending triangle pattern which can be broken up or down, we should observe it. If the price is able to bounce off the $30000 price level the next target is the triangle's upper band with $32700 BTC price. Also the descending trend channel is forming now. If the price is able to break the key support of $30000 it can reach the channel's lower band and the monthly CPR level's intersection ($25200). Please, be careful now to define correctly the further price action. Also we should monitor the traditional markets, because of it's high correlation with the Bitcoin price. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
BTC price is preparing for the big move!Hello, dear subscribers! Today we are going to talk about the warning sign which the market gave to us. The Bitcoin price is going to form the big descending triangle. We can identify clearly three points at the upper and lower bands. Now the price is next to the lower band level. If the price is able to bounce off it we can see the upward move to the upper band. Here are two significant reasons that it will be very difficult to continue the growth in the short run. First of all is the R1 pivot level rejection of $33000. This level was a very significant support level and now it is resistance. The second case is that the price always bounced off the 150 EMA line on the 4 hours timeframe during the last 4 months bullish rally, but now it is below this line and was rejected twice. Also we can see that the volume have been decreasing during the triangle's formation and now it is really low. It is the sign that the big price move for the Bitcoin is upcoming. The negative scenario is the possible testing of the CPR level of $25000. Please be very careful! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
8
Warning! BTC Potential Price LevelsHello, dear subscribers! The Bitcoin dumped today significantly. Today we are going to estimate global targets for the pessimistic scenario for the Bitcoin. First of all take a look at the all bullish rally since October 2020. We can notice that during corrections the price always found support at the 30-day EMA. Now the price clearly broke this line down. This is the first bearish sign. The big symmetric triangle which started to form at the beginning of January 2020 was broken down today with a huge red candle. Now let's consider the potential levels for the BTC. The monthly CPR level ($33000) was broken today. The next strong support is the $33000 level because the price found multiple rejection here, also it coincides with 1.61 global Fibonacci retracement level since 2017 year bull run. If the price is able to break this level down the next target is monthly CPR ($25300). The last dump level is the symmetric triangle's breakout target which corresponds to it's height. This level is $21400 which exactly coincides with monthly S1 level. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio