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USOIL - Long-term ideaTVC:USOIL Hope you all are doing great amid COVID-19 scare. I wish good health to you and your loved ones Best appreciation would be LIKES on the idea if this helps you and do give us a FOLLOW . With the CORONAVIRUS scare, the biggest hit industry right now is the OIL sector due to obvious reasons. Most of the bigger countries are under lockdown and there has been very low demand of OIL right now across all sectors and all the efforts put in by US president trump to enter in talks with Saudi Arabia to check falling prices through talks have failed for now. Trump however reportedly plans to meet with top oil executives on Friday to discuss the issue in hand however looks like it is only going to help temporarily. Now let us look at the USOIL charts (on log scale) from technical perspective and what we see is that the USOIL has formed a channel and looks like will hit the bottom of channel at ~18$ and form a bottom there (Check Circle in Red). This is also an area which is confluent with the historical support/ bounce-off zone as can be seen in the chart (green line). My Idea is to go long exactly in the area as highlighted with a Circle (Long Zone) and earn TVC:USOIL profits with a target of ~27$ --> ~31$ --> ~65$ Hit Like button if you LIKE what you see and do give us a FOLLOW . Thanks, Yo Crypto
TVC:USOILLong
by YoCrypto
$BTCUSD - Looks like we will head downwards now Hope you all are doing great amid COVID-19 scare. I wish good health to you and your loved ones Let us look at what the charts are showing us. Best appreciation would be LIKES on the idea if this helps you. This is a very simple analysis of the confluence of 2 indicators - Resistance line and the Rising wedge with declining volume. If you can see the Red line, it has acted as a strong support line for long and now has been acting as a strong resistance line and it lies around 6894$. BTC just made a high of 6893$ and is now resting at 6733$ (at the time of publishing this idea). I think we have another push there and then exhaust. Further, we also have a rising wedge pattern with declining volume which again is a bearish signal and i think we will break down from 6900-6950$ levels to reach to sub 5000$ levels or may be lower. Hit Like button if you LIKE what you see and do give us a follow. Thanks, Yo Crypto
BITSTAMP:BTCUSDShort
by YoCrypto
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$BTCUSD - Waiting for that move down to happen to load up BTCHello All, Hope you all are doing well. BEST APPRECIATION TO MY WORK WOULD BE LIKES ON THIS IDEA , IF YOU LIKE THE IDEA PUBLISHED Market has been very slow/indecisive since last few days and we have been patiently waiting for BTC to finish correction so that we can load up BTC for the next big move above. As can be seen in the charts, BTCUSD is currently respecting a trendline support however more it hits that support the weaker it will get. In my opinion, we are going down to Golden Ration level (0.618) which is at 7980$ levels which is also a very strong support level historically. Area highlighted in Green is the spot i am looking at to load up some BTC for the nice move upwards. BEST APPRECIATION TO MY WORK WOULD BE LIKES ON THIS IDEA , IF YOU LIKE THE IDEA PUBLISHED Wish you all the very best. Let me know your thoughts by sending your comments below. Thanks Yo Crypto
BITSTAMP:BTCUSD
by YoCrypto
$BTCUSD - An update to the idea published yesterday. BullishHello Everyone, this is an update to the last update that was published. Bitcoin has tapped the area of interest and in my opinion is very well on the plan to move forward as per the purple line depicted in chart above. Also, if you see, RSI is forming a Hidden Bullish Divergence which is also a positive signal. Please support my work through LIKES and FOLLOW. Do comment on what you think about the idea posted above. Thanks, Yo Crypto
BITSTAMP:BTCUSDLong
by YoCrypto
$BTCUSD - Upward Trend Channel is formingHI EVERYONE! As we can see that BITCOIN is current moving in an upward trend channel, and is trending upwards with good supports on regular intervals, now if you see that the support lines which we have drawn have always been supportive in the past trades. So we can positively say that the bitcoin is moving up with good supports And also we can analyse in the RSI that there is a good buying coming in. The next level of the price we can predict will be around $10100, from there we will have to see the trends again. Thank You YO CRYPTO!
COINBASE:BTCUSDLong
by YoCrypto
USOIL - CURRENTLY TRENDING IN AN UNCERTAIN ZONE !HI EVERYONE! Here we want to share both the analysis i.e. Technical analysis and Fundamental analysis on CRUDE OIL. Technical : As we look in the chart and as per the trend which is forming the prices of the CRUDE OIl will slip to another $5 - $6 from the current levels. DMA's are very in the very bearish pattern, ICHIMOKU CLOUD is also not giving positive signals, LMACD is also weak, but here we cannot ignore the RSI, which is stating that there is some buying forming at this level. So we cant see a clear direction in which the USOIL is going to trend. Fundamentals : Now if talk about fundamentals of the USOIL, we are currently seeing that stocks of crude oil are pilling up as the supply is effected badly due to the spread of corona virus in china, and will also remain effected in the long course of time until the demand in china come to the normalcy, But here we have some news coming in from saudiarabia and russia that they are thinking to cut the oil production to maintain the balance between demand and supply. Now the question is that what should we do now? So we can see here that the prices currently are trading between the $50-$52 zone, which has always been a confusing/crucial zone. We are expecting that if the prices go down from the $49.50 levels it will go further down to $5-$7 ( which will create an opportunity to buy). Or if the price surpasses the $52.50-$53 it can go upward to touch around $60-$63. But in the near future the prices wont make the highs as there will pressure due to the decreasing demand from china. Thank You YO CRYPTO!
TVC:USOIL
by YoCrypto
$BTCUSD-Tiger takes a step back before it jumps forward!Hello Everyone! There is a famous saying that " A Tiger takes a step back before it jumps forward" , it seems to be applying on the Bitcoin trend now a days. As we can see the DMA charts, the 100 DMA line has already crossed 200 DMA line and also the 20 DMA line is acting as a support to the price . Also we have drawn a probable DMA line and a Price Trend line . Which we strongly believe is going to be formed. We are analysing that price coulld could go upward from the price range between $9150 - $9200, And could shoot from there. We also see a positive green cloud forming in the ICHIMOKU CLOUD. which also leads us to the bullish signal of the BITCOIN. Lets hope for a rally soon! If u liked our analysis please dont forget to click the LIKE button, to encourage us. and also you can share your feedbacks to us. Thank You YO CRYPTO!
COINBASE:BTCUSDLong
by YoCrypto
$ETHUSD- Ethereum Technical Analysis -Forming Upward TrendsHello Everyone! we are back with another analysis to help you better in your trade strategies. Today we are going to discuss the analysis of ETHEREUM. So according to DMA's charts we can clearly see that that a strong upward trend is forming in ETHUSD. we have seen in the later last year that the 20 DMA line has been rejected twice , But in the starting of the year 2020 the 20 DMA line has bounced back from the lower levels and now it has crossed the main points that means it has succesfully crossed the 50DMA line and 100 DMA line and now it is moving upward to cross the 200 DMA line. And apart from the DMA Chart the RSI indicator is also showing a bullishness And also the LMACD is also showing strong support in the upward trends. so we can clearly see an UPWARD TREND in ETHEREUM. Hope you have liked this analysis. And dont forget to hit LIKE button to encourage us to serve you with more refined and better analysis. Thank You YO CRYPTO
COINBASE:ETHUSDLong
by YoCrypto
$BTCUSD - Bitcoin Technical analysis - Bitcoin is being Bullish!Hello Everyone! Hope you are liking our analysis so far. Today DMA's are giving bullish signs again, as DMA 50 has crossed DMA 200 upwards in the charts. And is giving a strong signal of bitcoin being bullish. As we have earlier said that " HISTORY REPEATS ITSELF " ,So here we can see that on 25th Oct 2015 it was the first instance when DMA 50 crossed DMA 200 and it rallied to mark the all time high and then on 25th April 2019 it crossed it again and it gave us a huge return. Lets hope for a bullish rally again. Also, please do Hit LIKE and FOLLOW button if this idea makes sense to you. Please do your research as well as this is not financial advice! Thank you very much for all your support and love Yo Crypto
COINBASE:BTCUSDLong
by YoCrypto
$BTCUSD - Bitcoin Technical analysis - HISTORY REPEATS ITSELF !Hello Everyone! Hope you are doing well. Wanted to show you something which is very simple yet very interesting. Let us look at the Daily chart and put Daily Moving averages 50 and 100 and see what chart shows us. These 2 MAs have given us some of the best moves in history and i will explain how: When 50 DMA (Orange line) crosses 100 DMA (Green line) upwards, it has always made a significant move. Details are as below: 1) 04th Jul'2015 - Bitcoin was at 260$ and it made a high of 316$ on 12th Jul'2015 ( 21% Gain ) 2) 22nd Oct'2015 - Bitcoin was at 276$ and it made a high of 19891$ on 17th Dec'2017 ( 7106% Gain ) 3) 06th Apr'2019 - Bitcoin was at 5049$ and it made a high of 138686$ on 26th Jun'2019 ( 171% Gain ) and It is happening again - "HISTORY REPEATS ITSELF" - 50DMA is crossing above 100DMA and rate currently is 9330$ (while publishing this idea) How much higher we are going to go? Please do let me know your thoughts in comments below! Also, please do Hit LIKE and FOLLOW button if this idea makes sense to you. Please do your research as well as this is not financial advice! Thank you very much for all your support and love Yo Crypto
COINBASE:BTCUSDLong
by YoCrypto
$XBTUSD - Bitcoin Technical analysis - Trend still bullish !Hello Everyone, hope you are liking the analysis that i have been posting on Bitcoin and Ethereum. Bitcoin run has been the best thing that has happened in this new calendar year. Now that we are over 9000$ for the 6th time, Let us look at Bitcoin from monthly perspective. It clearly shows that hurdles that Bitcoin has towards 10000$ and beyond. We are currently in big monthly resistance zone which is at 9290$ to 9615$. It looks like it would be tough for Bitcoin to cross this level however in my opinion, this time it will cross this zone smoothly. Please do hit like and follow button, if the idea makes any sense to you. Thanks for visiting ! Yo Crypto
BITMEX:BTCUSD.P
by YoCrypto