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Trednanalysis

No volume it's no go zone - be patient for next shot !Hello everyone, Did you see on the last move, BTC follow ETH ? For example 23/24 february, on the pump, the price move before on ETH than BTC. And i feel like that now the whales playing with ETH and the pseudos "institutions" moving on BTC afterwards. What do you think ? Anyway, i share this idea to show you the actual trend and the no activites on market. Personnaly on this kind of period, i'm out, i didn't take a position. This analysis for tell you why i prefer did not take position : BB20 - The band spacing = sign of low volume, low volatility, and futur strong movement of price. MA20 - The market stay around the M20 on 4H time frame, another sign of lowvolume, volatility and future strong movement. OBV / AD / Chaikin (volume indicator) - Our indicator of volatility say, we approch the line (0.0000) please don't trade, no volume, we can't know wich direction the market goes. Support / Resistance - We are exactly between the support and resistance. The market is hesistant, fall or going highter ? tbc And you what do you think about this period ? _____________________________________________________________________________ Remember, if you want to be profitable : Trade with strategy Trade with risk money management Trade with stop and trigger order Trade with no emotion, patience and calm Thanks for visiting, GaetanLpp
BITMEX:ETHUSD.P
by GaetanLpp
BTC possible movesThis is the current price situation of BTC, if you notice there is a double bottom pattern forming on the weekly chart, but there is a resistence zone as well so at this point there might be 2 major scenarios: Scenario 1 (Green): The price breaks the resistence zone and keeps the bull run so it means that the double bottom pattern is confirmed and it migt land around 11300 and 11900 price. On this same scenario it might happen that the price after breaking it goes down to re-test the zone which will be now a support zone and then keeps the bull run. Scenario 2 (Red): The price gets rejected at the resistence zone and moves inside the descending triangle. At that point 2 things might happen: a. the price explodes up, b. the price explodes down so it breaks the support zone and hit around 3600-2600 price. So at this moment it's all about waiting and see which zone it's going to break. In my personal opinion the price will keep going up because there is a bullish hammer on the monthly chart and the fundamentals are in favor of the bitcoin right now.
COINBASE:BTCUSD
by nRaike
3
Giant bear flag on BTC? Targeting $5k areaBTC market update 24.08.2018 Hello Everyone, Bitcoin Is currently trading at $6479 up with a small spike from the levels today. As we outlined in our last update there is a dangerous bear flag forming on daily BTC charts. That bear flag targets $5000 (!) area if It plays out! We are currently in a strong support consolidation area, markets are extremely choppy hence we stay safe, do not overtrade and just wait for our right moment to come. And it will! Because we have a plan! We must be quick and adjust our strategy according to market conditions. Just a few minutes ago SEC announced they will review the rejected ETFs once again? Is it possible that they are manipulating the price of BTC? Looks suspicious to say the least! Our plans haven’t changed! If you are following our updates you are certainly growing your BTC portfolio day by day even in this choppy market. With the positive news BTC might test our resistance at $6600 one more time before going down. We certainly think it is not worth the risk and still stay in fiat, protecting our capital. Playing with alts at this point is extremely risky business and we wouldn’t urge you to put your money into the fire now. We have a long way to go and lots of profits to be made, so we’re not in a hurry. Good news are coming for our loyal followers too! A few days ago we asked if you’d like to receive intraday calls, so we must inform you they are on the way to you! Stay strong, patient, don’t give up and you will soon be on your way back to success!
by AlphaTradeZone
Breakout on USD/JPY with Support tested 3 times and a Swing Low.The chart shows a possible breakout on USD/JPY, clearly stated by the short volume the market has, and three levels of support being tested 3 times in the past. Just remembering, the more times a key level has been tested in the past, the more accurate it can be. Price has also reached a Swing Low, which shows more evidence of a future strong and definitive trend. I believe the market will give us a start of a new and fresh trend with these levels of "cheap" - stated as Support from some traders.
by jwhappy