With only 18 hours remaining until the monthly candle closes, the consolidation phase for this leg of the run appears to be ending. Despite repeated attempts by the bears to defend the 70k level, the bulls still have plenty of gas left in the tank. The RSI is healthy and does not yet indicate a peak level of mania. Traders who rely on the monthly chart for their...
Ethereum is poised for a large upside move I'm going to make this quick I'm going to bed. -Large DAILY tf symmetrical triangle breakout -Retest of support and large momentum upwards. -Volatility waiting for giant move -Target is 6766 THIS is the trade to take Risk reward 4.4/1 Please like and follow for more on the money trades
Bitcoin is currently ranging between 30-40k. Currently bitcoin is showing strength and will need a further day or two for confirmation that this will push higher. The fundamentals for bitcoin are strong. Many people are still buying bitcoin despite the fud. Inflationary pressure is still being applied because the federal reserve is still printing money. I...
I've always found it hard to understand the chart for the bears as I am naturally bullish.. The inverted chart can give us a better feel of how the bears are doing. As you can see the bears have formed an arc of resistance and a big move is coming. Volatility and volume is decreasing. 9800 area is a significant area and perfect coincides with fibonnaci resistance....
We are forming a pennant/descending triangle doesn't matter it's all hypothetical. What's important is after repeated selling attempts the bears are all out of ammo. The bears need to regain strength at higher ground. There is increased sentiment in bitcoin and there are a lot of buyers at 10000. The indicator is still bearish until we hit 10.75k Until we hit...
We are consolidating in a tight zone. Break out of the 9600 area is imminent. Set your buy stop according to this chart and you shall be rewarded.
After consolidating around 9500. It is believed that shorts are hedged and Market Maker will drive up price to liquidate shorts. After the fake bull rally to 9800. The top longers will then be targeted and price will plummet to 8800.
There is a lot of bearish sentiment and as such has shown up on the charts for easy analysis to place your bets on where the market will go. So we see that we have a red stochastic back ground during the recent downtrend. MTT Code 28 Bullish signals were short lived and weak. After each weak green signal, bear signals had significant price action downwards....