It seems the channel is broken! TIME TO BUY!!! May have great Targets!
Because ETHUSDT breaks the downtrend, it is likely to grow well. Be prepared to choose between the yellow and green paths, but given the possible slower growth of bitcoin in the future, the yellow path makes more sense.
Be sure to check out my previous analysis on Bitcoin! Bitcoin has a good future!
You can see the long-term bitcoin channel in the picture, it is well tested and has an important midline! In the red circles, the price did not cross the midline and the overall trend did not change, but in the white circles, the price reaction to the midline was just a simple correction that gave smart people the opportunity to keep up with the trend! The number...
An old friend asked me when is the right time to buy gold? The green zone, which intersects with the old support line, is a good time to buy gold! Of course, any complete failure of the downtrend channel is also a sign of buying time
When Ripple was accused, lost its convergence with Stellar ! If it breaks the red line, it could be the shoulder and the head! I am trading here based on the possible channel that seems to be formed
The breaking of the purple channel pushes the price down. The formation of a red channel is another sign of the strength of the sellers. The third sign is the increase in volume within the red resistance range. in return The center line of the green channel, which is orange, has usually been strong, and the Trend Magic line has sometimes been a good support...
regarding bearish purple channel, there are so many better trades you can make! It is best not to do anything until the red descending line is broken or reacts to the falling purple channel.
The profit to risk ratio in this transaction is very large! This may be the last time that Bitcoin has given buyers this opportunity in this round of ascents! If the recent fall is just a correction! The profit of this deal is huge! If not, the damage caused by failure is negligible!
The descending blue and red range is a long linear regression broken in the purple rectangle! This is a good sign for the price to rise, but there are also many signs of a decline. The red rectangle is strong resistance! The white dot is a short-term linear regression! The price is in its possible resistance. And these are two strong signs that prices are...
The green area is a very important area! Which is broken and now we are back to it! The line that changes color from blue to black is Magic Trend indicator, which is now blue and looks upward. The green dotted line is a strong support! Which is accompanied by strong volumetric support on January 7 (purple circle). The red dotted line is a strong resistance line...
Ready to short WTI just after first signs of fall! RSI and it's divergences in daily chart could be a good sign! MACD in 4-hour is a better indicator! or you can simply wait till WTI break the Strong Bullish trend!
Trend Magic has changed color in the short term and this is a sign of money entering the market. Also, the price is above the Trend Magic line! It seems that with a significant increase in trading volume in areas that are above the resistance and the reluctance of traders to trade below the resistance line, there is a high chance that the red resistance line will...