CAS_Trading

CAS_Trading

From the chart above, it can be assumed that the long waited bottom is already in, with BTC and the whole market looking extremely bullish. The aim of this analysis is not trying to short BTC, as it is quite risky, but rather catch the bottom of the corrective move. I have spotted a rising wedge, a break of which might be a trigger for a mid-term correction....

CAS_Trading Updated 

The idea here is to trade the break of this short-term rising wedge. Ideally a time filter of at least 15 minutes should be applied in order not to catch a bear trap. Stop loss level above the recent high. Take profit level based on the MPO from the base of the wedge. It also coincides with the latest support level. RSI is in the overbought region + looks like...

CAS_Trading Updated 

Sell on the break + hourly close below the wedge. Target level based on the MPO from the base of the pattern. Stop 20$ above the last high.

CAS_Trading Updated 

From the recent BTC price action it can be assumed that there was a fake breakout and the 11k level has hold. I have spotted a potential wedge here. Think might be a good short trade if we impulsively break it. Will wait for the 1h candle close before going short. Target is based on the MPO which coincides with uptrend line and 61.8% fib replacement. Think if...

CAS_Trading Updated 

Have noticed that patterns work perfectly in LTC/USD.

CAS_Trading Updated 

I haven't been a fan of the latest short-term bull run from the 9k region, but still traded that triangle which perfectly reached my MPO target just under 12k. There was a high probabily that the longer term flag/down channel would be broken which was expected to open the path to 20k, but as I just mentioned I think its a bit too early. We should see a more...

CAS_Trading Updated 

In this post, I have made a longer-term analyses of the BTC in order to try to identify the potential bottoming scenario. In my opinion, we are in the final stages of the correction that has atrted over 15 months ago when BTC/USD pair had picked just under the 20k price mark. There was hope that the recent corrective move up will lead to a broader market...

CAS_Trading Updated 

Since yesterday, the crypto market has slightly recovered with some major alts reaching up to 15% gains. LTC is one of them, in my opinion, if we get a break of yesterday's highs the bullish trend will be confirmed, which will lead to an even bigger recovery. The idea is to trade the bull flag pattern that is currently forming in LTC. Open the trade on the break...

CAS_Trading Updated 

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CAS_Trading Updated 

The idea is to trade the break of the bullish flag pattern that can happen anytime soon. Stop below the recent low and Target based on the Minimum Price Objective projection. Should be a quick trade. A 15 minute time filter should be applied in order not to get trapped. Leave likes and follow me if you want to receive similar pattern analyses in the future!

CAS_Trading Updated 

From the charts above it can be seen that the crude oil price has broken the big triangle on the 4h chart and is expected to further decline to the Minimum Price Objective. It was hard to project this sharp down movement as after the Opec+ meeting most of the traders were bullish on the asset. I, personally missed the break as well. If zooming in a bit (the 1h...

CAS_Trading Updated 

From the price action of the past days it looks like the double bottom is in play, which means that the bottom has been set-up, at least in the short-term. Non the less, I see 2 good trading opportunities in the market now. Both of them are a head and shoulders pattern, one short-term and another one longer-term. From the hourly chart on the left it can bee seen...

CAS_Trading Updated 

An ascending triangle can be spotted in the USD/JPY pair which is usually a bullish sign. But personaly I see a risk of the price going down as well. As a result the current idea is to trade the break of the triangle with a 15 minute candle close above/below it for confirmation. Sl below/above recent high/low and TP based on the Minimum Price Objective projected...

CAS_Trading Updated 

In my previous analyses, I had spotted a falling wedge (will attach it below) and am still in the sell trade from Sunday. Think that the bottom is close, but there is still room for the price to got closer towards the 3000 price handle as the buying volume is still not enough to push the price higher. The latest price development shows that there is a triangle in...

CAS_Trading Updated 

Bitcoin has been in a continuous downtrend since it broke the support level at 5700 and shows no signs of reversal at all. Furthermore, a falling wedge can be spotted on the 4hour chart that could bring the price towards 3300-3400. In my post, almost 2 months ago I was discounting a possibility of such scenario and for now, it plays pretty well (check the chart...

CAS_Trading Updated 

The idea is to trade the extreme overbought momentum readings on the higher time frames. A pullback of some kind is inevitable despite the break of the major resistance levels. The break of the wedge should occur in the next 8 hours, otherwise, the pattern will become irrelevant. SL above the recent established high and TP level based on the MPO from the base of...

CAS_Trading Updated 

Taking in account the latest positive developments around Brexit talks and the return of the global risk-on scenario (US elections, US-China trade war), the FTSE 100 index has a positive fundamental outlook for the upcoming weeks. From the technical perspective, it can be seen that an inverse head and shoulders pattern is being formed, which indicates a downtrend...

CAS_Trading Updated 

Looks like the Inverse Head and Shoulders pattern has formed. If the price is going to hold that short-term uptrend line on the next 30 minutes then there is a high chance that we going to get a break of the neckline. Enter on the break and close of the 15 minute candle above the neckline. SL level below the 2nd shoulder and TP target at the Minimum Price...