After falling down to bottom of daily bull channel(blue channel), BTCUSDT chart has formed a wedge bottom. Wedge bottom have 75% chance of bull breakout. Price fall down to bottom of this wedge yesterday and had overshooted. In such cases we expect this breakout and overshoot be failed after maximum 5 bars. So we can wait 5 days from now to see that price...
Monthly Chart View: Broad Bull Channel, Trading Range within this bull channel. Strong bull climax bar to top of trading range, remember that 80% of TR breakouts fail. H4 Chart View: Consecutive But Climaxes: No One Left to Buy Reach top of monthly range, 60% chance of reversal down Triangle formed there, 50% chance of breakout for both bulls and bears Strong up...
February 4, 2022 bitcoin got out of the bear channel with strong bull bar. We have some spikes up and down so means confusion and confusion is equal to trading range phase. Higher low formed February 24, 2022 so broad bull channel. Broad channels are like trading ranges and you have to buy low and sell high and get scalps. March 14, 2022 was the beginning of...
As you see ETH has 3 pushes up so wedge top and reversal pattern. The leg before wedge is strong bull leg so in strong trends we expect wedges to fail and become flag or trading range. Also check the 3K resistance area and wait for strong breakout and consolidate above this level for higher prices
XAUUSD as you see have rounded correction that we know it as cup and handle pattern. It may have some correction then creates handle and then reversed up. $2075 is the price you have to watch for BO. Consolidating above this high then we can expect higher prices in 2022.
ADA started its correction from September 2021. It fall down within bear channel and as you see bulls bought strongly when price fall to the lower half of the channel so nice buy opportunity if ADA price fall there. Now price is moving on the upper half of the channel and forms wedge bottom. Wedge bottoms are bull flags and have 75% chance of bull BO. So wait for...
Many people think that trading is just a technical analysis. If not! Carefully check the pyramid above and read the description. If you also have experience with trading success, share it in the comments. Thanks !
In all markets buyers and sellers are fighting to find fair price. If price becomes oversold or overbought, the other side of the market will enter and tries to find fair price. Markets are either in Trend or Trading Range . Trend is one sided trading phase and trading range is 2 sided trading phase where both sellers and buyers are active. Trading Range phase...
After strong rally and close above 20 weekly EMA, I told you that this leg needs correction and get short. With some kind of rounded correction EURUSD fall down and tested 1.13364 Support Area - Middle of Trading Range. Sellers passed 1.13364 support level and another fall down to the 1.12970. Bulls enter there and trying to create 2nd leg up. Double Bottom Bull...
2021 was bearish for AUDUSD. The most important support level is 1.70000. Bulls created double bottom at this support and push price higher. We are still in bear channel, now traded above the middle line. I expect bulls to push price higher to the bear trendline. **This is not an investment/trading advice. Your capital might be at risk.** Give me your idea on...
This analysis has three different parts. Taken together, these three sections lead me to the conclusion that oil needs at least moving average pullback, and that there may be a correction ahead. 1) Number of candles above the 20 moving average: Always remember that the price can not move above or below the moving average forever. Different charts show different...
Another death cross will take place around February 10-11, 2022 Approximately February 10-11, 2022, the death cross of MA100 and MA200 will take place. The last time on July 13, 2021 , the price of Bitcoin corrected by about 15%. If you look at the historical chart, you will notice that in many cases, before the death cross takes place, the price tests the...
I mark up NASDAQ weekly cycle below: Breakout phase started in March 2020 and after first pullback, NASDAQ started its movement within bull channel. Recently it broke its channel from downside with strong bear candle closed near its low and no lower tail. Also the close of this candle is below prior major low. Altogether tells us that we are not longer in bull...
XAUUSD has experienced strong sold off (Bear Spike) last week. Market movements usually happen with 2 legs. The more stronger leg 1 is, the more possibility for 2nd leg to appear. Price is moving within bull channel. This channel is not strong one and has too many overlaps. Every bull BO has bad follow-through. The odds are in bear flag favor. This channel is...
If you check daily chart, trading range is obvious, also big up, big down = confusion = trading range. Bulls broke the channel and now possibilities are: 1.TR 2.Reversal Also previous week candle closed above 20 EMA after 31 bars (217 Days). That shows the bulls power but I think we have sellers above EMA. All together means EURUSD is going to move within...
Oracles are a group of crypto currencies that are always in demand. Link is one of the first and oldest in this category. It is currently moving in a weekly bullish channel and has reached its bottom. We also have a support range at this price($14.8-$16.7). I expect rally in LINKUSDT if its breaks its flag. **This is not an investment advice. Your capital...
Let's start with Monthly chart: Strong sold off from 2020 broke the bull trendline. Got stopped near 89.5 and reversed up from there. 2021 was bullish year from dollar index and now DXY returns back to the broken trendline and we have to see what will the reaction be to this broken line. For better decisions I analyze the daily chart. Monthly chart is near the...
We have two flags in trading: First: Horizontal flags (Trading Range). These flags are the strongest type of flag. Horizontal flags indicate that the opposite side of the trend is incapable of creating a highs/lows opposite trend. Second: Flag with minor highs/lows. This type of flag is weaker than the first one. The opposite side of the trend was able to create...