I believe if the price drop to the 22k it could be a good price to enter. I know this is a long term analysis but checkout my other long term analysis too.
If you check my previous analysis of BTC I've mentioned that I'm expecting BTC to see 400K and still I believe it can happen but for now it seems that 77K is a strong resistance in the middle of its way. I think at that price we are going to have an interesting correction and then the price will back to break the channel.
When we are looking at BTCUSD of the monthly time frame it seems we are just at the beginning of a bullish trend that can last at least for 2 or 3 years. As you can see the first bullish trend last for 25 months and the second one 35. So maybe the third round is going to take 45 months but it can meet 400K! These are just possibility but I have seen stocks or...
It seems the price will drop one more time and then will rise to the target.
I believe BTC next target could be 12700 but at first, it needs to see 9980-10120.
As you can see there is an H&S pattern is going to happen. I believe in the green are we can set our entry and the target will be around 2.16. The best SL will be around 1.06.
An H&S pattern has been formed in this chart and the neckline is already broken. On the other hand, there is a box that price was swing inside it and now the price is reached on the top of this box. Due to its previous retrace, I believe the top will be broken and the H&S target will reach.
It seems we are going to have a reversal head and shoulders in BTC. If the neck line which I preferred to draw it from the close of candles breaks out it can confirm the H&S.
Xrp shows a good respect to the trend line with an Engulfing pattern in weekly. So we can expect a rise in this coin. we have some resistance in the way and we should check the reaction of price to these levels later. In daily we can see price is reacting to 0.4664 but if daily candle close the way it is the downtrend will broken and it will be a confirmation for...
There is a lot of sign for a downtrend in dollar index. Reactions to the trend line with bearish engulf patterns and the formation of candles talk to us about this bearish market. Meanwhile there are some support lines but the serious one's are 94.79 and 93.84 so we have to check the market's behavior in these prices.
Due to bullish market that happened in the XRP in the last days it seems bulls are back to this coin and we can expect more raising with this volume, but aside from the psychology of the market let’s take a look into its TA. Price has started it’s raising with a pin bar candlestick from the intersection of the bottom line of red and the blue channel and for now I...
A bearish engulf pattern reject the resistances. Also as you can see this is the fourth time that price was around 1.0037 resistance so with bearish engulf signal we can go short.
The descending line shows us a down trend.Today's candle respected to this trend and made a Shooting star which is a bearish signal. With this signal I'll go short and let's see what will happen next week.
Price tried to breaks the descending trend line but it couldn't make it. A Piercing line pattern happened right under the trend line. I believe we should look for bearish positions.
You can find me reasons on why I believe that the EURUSD -0.37% is going to be bullish in my chart. Just In case if price goes under 1.14371 this theory is going to be fail.
For now it seems the trend is ascending but after the breakout bulls stopped to buy for a while and so an inside bar pattern formed that shows us there is a consolidation in lower time frame is happening. Also it tells us still nobody won the battle between bulls and bears but we can find it out if the price close above or under the high or low of the mother...
As you can see another resistance is breaks out and some pullback happened but the interesting thing is another Harami pattern. Just like previews resistance breakout another Harami is formed. So for those who wants to enter the market they can wait for the price to close above the upper shadow of the mother candle and then enter the market and stop loss would be...