Reached my target on neo very quickly and it is now retracing back to support. Also appears to be forming a potential head and shoulders pattern. If the previously respected level of support does not hold this time then we may see neo head down further to retest the weekly resistance and trend line around the 48-490000 sat level. If the support holds as it has...
I buy with the HH candle (dow theory) and closed (see picture) with the doji/reversal candle pattern. As it is Friday I closed the trade. However, I left with a little order for run to next week.
I have a conditional order placed - if a new high is made before then I will wait for the next set-up.
Hello All posted this trade setup mid last week. Currently in profit due to NFP giving it a little boost i decided to make this trade risk free just before market close because sometimes we can get large gaps in the market and there is nothing worse going into a start of a new week with a lose so i limited my downside and took away risk. We will see in a few hours...
At 1 hour timezone, there are signs of falling or at least temporary rest, which, if realized,will be up to 6650 and then 6590 fall . But the overall atmosphere of Bitcoin has changed significantly over of the past. At the moment, the 7-month decline flag has been completely broken. That is a good sign.
Multi-Timeframe BTC Analysis 3 Day: We are still in a bearish trend. Nothing has changed there. Broke the symmetrical triangle, and have potentially formed a descending wedge (invalid if price closes below the support - lower red line) Bounces do occur in bearish trends and we have created two points of descending price action (lower highs) on BTC over the...
Following BTC with a big push to break the daily resistance at around 475, ETH is now forming a doji candle just below the weekly down trend line. If this 4 hr candle closes as it is right now then we could head back down to retest the recently broken daily level of support/resistance. It could also signal a continuation pattern and we may keep heading up to test...
The head & shoulders that was forming on BTC has been rejected and it had a strong push up to break through the 4 hr resistance around 6640. It pushed through that and retested a daily resistance at around 6858. Retracing during the current candle, a close above the recently broken resistance could mean it will head back up to retest the daily again at 6858. BTC...
Neo after breaking the down trend had a big push and pull back. It is now sitting right at a daily support level which has been respected previously. A close above this support and BTC behaving could see another push up to retest previous structure. If it closes below or BTC decides to dump then it'll head down to retest a lower level of 4 hr support. Watching...
BTC after breaking out of a weekly and a daily down trend it now appears to be forming a head & shoulders pattern. If the neckline at around 6450 breaks we may see a move down to retest a lower level of support. If the h&s is rejected and resistance at 6609 is broken we may see btc continue up on a newly formed trend line. watching closely over the next few...
XLM is forming a symmetrical triangle just above a 4 hour support and weekly uptrend line. The current 4 hr candle has just closed above support and the new candle has opened above. Looking for a bullish engulfing candle off support for confirmation followed by a breakout from the triangle. With BTC being very volatile at the moment it is risky to enter alt...
Temporary growth was done according to the previous analysis. As soon as I see a permanent change, I will share it. But I emphasize that the trend continues to decline until signs of climb are observed.
As we can see, the volatility is really thin today as traders are waiting for the NFP figures. Gold is also stuck in a narrow range of $1,251 - $1,259. Probably we will see a breakout on NFP. So brace yourself! Stay tuned for more updates.
The 7-month flag did not fail. I believe that the decline in liquidity in the market today was suspect. I will give a new analysis in the next few hours.
TP. 1.2028 SL. 1.1598 Will take some time as this is a monthly chart
You are late to the party at the moment, but not too late yet. There is a long term uptrend on ZEN that just had another higher low at our recent bottom. Lower time frames look like we should get a retrace, but have formed bullish trends on multiple indicators. 1hr CMF - just with bullish pattern though still negative, OBV in an obvious bullish trend and has...
The EURGBP looks like it's in a bearish momentum at the moment. Looking at previous structures, there are a lot of wicks, suggesting that the market has trouble breaking above. In the yellow circle, there's also the same scenario, where market is running out of bullish steam. So, if market can rally just a little higher, there will be a potential bearish Gartley...