CryptoTradeAcademy

CryptoTradeAcademy

On the 4 hour time frame one can see that $3,500 was nevertheless some sort of a bitcoin’s bottom. A fairly solid upward trend started to form but the series of higher lows was short-lived. The price dumped and we ended with what looks like a symmetrical triangle. We’re currently just in mid-range of this structure. After a somewhat unexpected bounce from the...

CryptoTradeAcademy

Understanding crypto market trends is absolutely essential for successful trading. There is an old trader’s saying stating that “the trend is your friend” and this holds true for crypto markets as well as any. To put it simply – the trend is the way the market is moving in a certain time-frame. However, markets don’t usually move in straight lines. They move in...

CryptoTradeAcademy

* decisive break below $4,100 * a 4h close below 50MA * support at around $3,800 * possible head & shoulders pattern in the making

CryptoTradeAcademy

The long diagonal support managed to withstand the selling pressure for now. A break above $4150 would be very encouraging (The confluence of diagonal and horizontal areas) The $3650 area must hold otherwise we're in for more dump.

CryptoTradeAcademy Updated 

Heikin Ashi candles are a great and powerful tool to determine the trend of the market. Their structure is somewhat complicated so let’s keep things simple. Only when Heikin Ashi candles start turning green can we start thinking of safely longing bitcoin. Pay attention to the red Doji stars, they are the first harbingers of a possible trend reversal. Currently all...

CryptoTradeAcademy

I used the volume profile tool called visible range and got the levels that you see. On the right of this weekly chart you can see the visible range indicator. It displays trading activity over a specified time period at specified price levels. I marked the High Volume Nodes, the horizontal peaks of volume around different price levels. The peaks show the price...