Hi Traders; Hidden divergence is a signal for trend continuation. In this example, usually, that would mean continuation of selling, but we can see a couple of misleading signals. Hidden divergence can be found during retracements in a downtrend which would indicate weakness. Price would form lower highs while the oscillator makes higher highs. (1,2,3 on the...
Hey fellas, hope you are doing well, here is my review on Bitcoin. Btc formed a perfect SFP (swing failure pattern) as we made both ingredients, for BULLISH SFP true. 1) MARKET FORMS NOTICEABLE/KEY SWING LOW (red cirlce) 2) MARKET TRADES THROUGH THE SWING LOW BUT CLOSES ABOVE IT (blue circle) This pattern is a strong bullish signal. I have no doubt that we'll...
Hey Fellas Crypto God here, JK, hope you all are trading well. Here is my review on Xvg/Btc, Daily. We are seeing here a Cup And Handle formation, I will spread my sell's from Tg1 to Tg2. Keep in mind that this is mid-long term trade, so there will be more trading opportunities until we hit target 1&2. Do not trade this formation until we break 1229sat...
Hey guys, hope you are doing well! Here is my opinion on VIBE. We are looking at daily vibe/eth chart. We are currently struggling on the support zone from 4150-4500 gwei, if we break the orange trend line and red support line, we are approaching to the target 1, which is 4000 gwei. We need to monitor closely, if we see a break from that level we are looking...
Hey fellas, hope you are doing well, here is my review on xem/usd. We have been free falling for more then 2 months now! I think we touched the bottom and won't go below 0.2 USD. We are moving inside a descending channel, which indicates a bearish trend. No doubt that we are in a hard bearish trend with no signals of reversing to bullish trend any time soon....
Hi folks, hope you are trading well, here is my opinion on BTC/USD. We'll go to yellow zone, perfectly to green resistance, and pull back towards 8k - 8.5k zone. We are seeing a lot of support around 8k - 7k, which makes me believe that we won't drop as far south as 6k any more. Also Ma (10) is giving a resistance zone from 9.3k-10k more strength. Green line at...
I managed to place a few good trades using this resistance, i think this area is a good sell signal for short term traders. Cheers! This is not an investment advice.