Hello again trading friends. I apologize I have been extremely busy in clinic and have not had the chance to dig into some fun technical analysis recently. I also usually don't like to comment too often, as it can drive myself and others mad with speculation. However, I have been eyeing ETCUSDT for a bit and my alarms went off as it plunged into the "oversold"...
Good day trader friends! I wanted to write a new short idea on BTC, as it's clearly headed down. Yes, the price action speaks for itself, but what about the indicators and supports? Where will BTC land? For the indicators my subtitles on the 4 hr chart may be a little dramatic, but I think you get the point: -RSI below 50 AND headed further down. Yes it's in the...
Jolly late evening to those of you on the U.S. East coast with me. Good morning to others and happy hour somewhere... someplace?! I promised an Alt coin analysis before bed so here it is: DASH ... With some extremely EXCITING week-long consolidation (can you sense my sarcastic passion with this?). Let's break it down. DASH has been showing a consolidation...
Hello amazing traders! I wanted to briefly show the bullish butterfly pattern on the daily chart. It also shows up well on the 4 hour chart, but the daily is best to visualize everything. A bullish butterfly is not just a random drawing some guy came up with decades ago. It's an important chart pattern which relies on a confluence of fib lines coming together. To...
Good day traders! Welcome to this brief analysis of BTC. Bitcoin is doing very well, having recently broken through the negative trend line(red dotted line), it continues to go up up up! Having done so, it also created an Inverse Head and Shoulders pattern, which is a classic reversal sign. When a trend is happening and a reversal pattern forms, it's a good...
Hello everyone. Hope the recent bullish market is finding you in good spirits. I wanted to talk about a likely target for Bitcoin Cash(BCH). With the recent bullish trend taking over, I think it's important to show a realistic target for this cute coin, not just "MOOOOON". So here it is: -A Bullish Rectangle formed recently -Price action broke above it -The...
Happy Hump day lovers! I wanted to analyze XRP again, this time with day time charts(I have been historically using "night" mode). If you remember in my previous analysis, I set up the 0.382 Fib and 0.5 Fib, which XRP blew past but is now currently nestled in-between the two again! Since the recent rally, I noticed XRP set up a neat triangle pattern as well....
Hello again students, teachers, wise ones, young and old. I am back with some new tools and different styles. For this brief analysis, we will be looking at the day chart to see the Ichimoku indicator better. I am not going to go through EVERY part of the Ichimoku, but it is a great combination of displaying past and current trends, as well as future movements. I...
Happy terrific Tuesday! As you can remember from my diagnosis yesterday about BTC, we had to wheel her up to the ICU for some critical care! (see ). It was most certainly a case of the Moooooondays for BTC... Now we see BTC rallying hard, like a college kid coming back into the party after throwing up twice and slamming V8. If you check the last post too, I...
Happy Caturday all. =^.^= I usually like sorting stocks when I wake up by "volume", this let's me see the coins most likely to move throughout the day. Trading in a high volume coin also lets you move in and out of buy/sell orders with ease. Having been personally stuck in a coin with low volume, not being able to activate my stop-loss because no one was buying...
Hello again friends! I'm feeling some extra motivation today(was it the coffee or red bull?) so I decided to browse through the high volume coins again. I've had some private requests for a ETHBTC diagnosis anyhow. So without further delay here we go! I drew up a Fib retracement from a swing-low(candlestick low price with higher lows on both sides) on 23rd of...
Sitting around waiting for the Super Bowl, thought I would make some comments on the often neglected Z cash. On the 4 hr chart, you can see the overall downward trend channel since at least 20 Jan. Notice also the closest resistance and support are 406 and 316 respectively. The fun doesn't end there though. Checkout the RSI and the yellow trend line. Compare THIS...
Happy(or not?) Moooonday everyone! Hope your weekend went well! Unfortunately Bitcoin's hangover is not responding to fluids, aspirin, or even greasy food like mine did. Guess all the traders in Philly sold before they went to flip cars and climb light poles. No disrespect to Philly though, its my hometown(go Eagles yipeee!!) and it was a great game... But I...
Sitting around waiting for the Super Bowl, thought I would make some comments on the often neglected Z cash. On the 4 hr chart, you can see the overall downward trend channel since at least 20 Jan. Notice also the closest resistance and support are 406 and 316 respectively. The fun doesn't end there though. Checkout the RSI and the yellow trend line. Compare THIS...
Here again for another Doc breakdown, this time our beloved Bitcoin. On the 4h chart we see our ruler and fearless leader, BTC taking the charge from 7950s to 9400s. Holy canoli, thats almost a 20% jump!!! Then you start doing the mental math in your head: If I had just put 100 dollars of my hard earned USD(or USDT hehe) yesterday, I would have made 20 bucks!...
Helllllllo again! Browsing through the charts and this caught my eye: OMG may be forming a symmetrical triangle!(Continuation pattern). It is important to note that just before this, OMG was on a positive trend, despite the majority of the crypto market. Since the symmetrical triangle is a continuation pattern, it would be expected that the positive trend will...
Hello all! Just started on Tradingview platform so I appreciate any feedback. Anywho, onto the analysis! (Using 4H chart) In my previous post(on my old account, I apologize), I commented on the Head and Shoulders Pattern on the 4H chart: "ETH formed the right shoulder on the 4 H chart overnight essentially reversing the positive trend ETH was previously on. It...