MrPalmTree

MrPalmTree

Hi traders, decided to take a break until 2019 but the market make me want to warn you something. Look at the 1 day chart, Bitcoin -2.83% has formed an Inverse Cup & Handle Pattern and was rejected by the 200 MA, that is extremely BEARISH . But why shouldn't you SELL at this price? As you can see, we are touching the blue uptrend line and are on above a blue...

MrPalmTree

Hi traders and my 90 followers, it has been only 25 days since i joined TradingView but it was really fun and enjoyable. Now i have to do some other stuff (including learning English lol) then i will come back in June 2019, when you see my name on the first line of TradingView's Top Authors. In the chart are some important lines that only these level will make...

MrPalmTree

Hi traders, jump right in the chart because i've put everything i want to say in it. Bitcoin -1.38% made a big green candle from my buy zone that is a super positive sign because it bounced from the strong blue uptrend line. That line is so strong that built enough volume to break the red downtrend line and the 20 EMA . Now you can catch the bull by buying some...

MrPalmTree

All in the chart, don't be too greedy at this market or you will be roasted hard lol. Remember we haven't reached our final target of the crash yet. ---------------------------------- ** The 20 EMA is not my only indicator, i use a lot of others to increase the accuracy.** For any ideas or questions, tell me what you think in the comment section. My...

MrPalmTree Updated 

Hi traders, congratulation if you followed my previous posts because we guessed it right from times to times. Now let's see how it reacts to the 20 EMA and the red downtrend line above us, will tell you the target of this LONG trade later :) ---------------------------------- ** The 20 EMA is not my only indicator, i use a lot of others to increase the...

MrPalmTree Updated 

Hi traders, jump right in, we reached the first target of this crash, you should take your profit here. If you buy here, stop loss if price break 7360 zone. Final target is 5890. That's all, gg, *fly away*. ----------------------------------------- ** Indicators used this time: 200 SMA, 20 EMA, WaveTrend, OBV** For any ideas or questions, tell me what you...

MrPalmTree

See how the 20 EMA pushed the price down ? We broke down another step of the downtrend channel. Now let's see if the blue uptrend line holds, only 20% possibility but let's hope for the life of crypto (Howerver we have strong bold resistance above us so if it jumps from that level, we will complete the 2nd wing of Bat pattern, that will be very bearish). In my...

MrPalmTree

Hi traders, nothing new today, it bounced from a small support and was pulled from a big resistance. However, bear is going to need some little rest before making a hugest drop of all time. That greenzone is your first taking profit target. You can make small long position there and take profit later when the price meet the 20 EMA. REMEMBER THIS IS NOT THE...

MrPalmTree

Hi traders, quick update, everything has been predicted and going well since my post about the orange zone. Rejected by 200 SMA and 20 EMA. Our first target is the green line. As i see many traders draw their resistance and support lines by connecting some random points, i want to tell you that never over-draw lines, those lines sometimes works, but in the...

MrPalmTree Updated 

Everything's in the chart, if the 20 EMA doesn't hold, we'll reach our 7300 target. If you have followed my older idea, you can see that the yellow zone was the sell zone. My zone is always important, remember it :) ------------------------------------- ** The 20 EMA is not my only indicator, i use a lot of others to increase the accuracy.** For any ideas or...

MrPalmTree Updated 

All in the chart. Don't have time for explaination, sorry. ------------------------------------- ** The 20 EMA in my chart is just for fun, i use a lot of other indicators to increase the accuracy. ** For any ideas or questions, tell me what you think in the comment section. Who am i ? I'm a tiny cryptocurrency whale, an emotionless chart analyst, and a...

MrPalmTree Updated 

Hi traders, remember my previous post ? I predicted the price direction and we reached the sell zone target and it was pulled down. Now you can take your profit because i saw some unexpected bullish price actions at this zone. Keep a short position now is not too wise at the moment. Everything is in the chart. ------------------------------------- ** The 20...

MrPalmTree Updated 

Hi traders, welcome to my update. Actually it's more like a post about risk-management. I have to tell you that, base on my research, trading at breakout and breakdown in this crypto, especially bitcoin, is extremely dangerous and has small chance of win, because of false signal (It occurs a lot, from small to big time frame). So what is the best trading...

MrPalmTree

Hi traders, remember when i called you to go short ? Now we reached the target. It bounced from that zone and returned. So what to do now ? I will break that yellow zone and go shorter. However, you shouldn't trade now. Let's watch its breakdown. ------------------------------------- ** The 20 EMA indicator in my chart is just for fun lol, i use a lot of other...

MrPalmTree

Hi traders, welcome back to my analysis. It was a bad day for cryptocurrency, so what's the next move ? As you can see in my chart, i draw a very big UPTREND Fibonacci Channel that Bitcoin doesn't even touch the bottom of the trend yet. And that green zone, which is a good support, the bottom of uptrend, and the top of the downtrend, is our LAST hope for the life...

MrPalmTree

We are in the blue zone strong support. However, It's too dangerous to buy here, market is still very weak now. Seems like it needs to be pulled down a little bit more to our green zone target. Even when we meet the green zone, don't buy hard, the bull is weaker now. In the chart is my extended uptrend channel that is just for my research only, i'm still learning...

MrPalmTree

Hi traders, there will be (70% possibility) a Head and Shoulders pattern. We will jump from the green zone (You SHOULDN'T to go Long at that zone), then meet the above of orange zone, and then be pulled back to the blue zone, the final target. By the way, I've done some research and changed some key levels that will be more accurate. It's fun to see how FUDed...

MrPalmTree Updated 

Hello traders, let's jump right in the 4H chart, as i mentioned in my previous ideas about that orange level, Bitcoin has broken it, and that is the beginning of the crash of cryptocurrency. From now you can freely go SHORT. First target is my green zone (10050) ----------------------------------------------------- For any ideas or questions, tell me what you...