PaulSnow

PaulSnow

In the candlesticks chart - we can see Ascending Triangle, and here is a possible target for this technical figure at the 41400 level. The linear chart shows another technical figure called Broadening Bottom with a potential target at the 36600 area. For me, the second figure is more realistic with its potential. Of course, we need to follow up on all news about...

PaulSnow

Sorry, that I have not shared this trade I just practising more to give you better entries and the best that I can. The same situation as previously, but in this case, I have used additionally Trend-Based Fib Extention. 1) Trade with the trend - look at 100 EMA and MA perfect entry + 2) Found areas with wicks that indicated potential opportunities + 3) Elder...

PaulSnow

Deep analysis of the past. I have missed good entries because I have not checked ETH for a long time. Actually, I have not traded on the low time frame for a while, but it is time to return and synchronise myself with the market. I always use two types of charts simultaneously: Japanese Candlesticks and Lines. I think that a line chart shows you the truth and the...

PaulSnow

Here is a quick analysis of the 4 hours time frame: 1) We can see the wadge was broken - two green lines, and I have drawn a red line on the top of the box that expresses a side movement of BTC before. 2) Price dropped down to test that red line, and it has done it. 3) BTC is between 100 EMA and MA in the area of possibilities, which means that we can expect...

PaulSnow

On the chart are four bear markets. I decided to add the 2011 bear market too. All three green lines are the tops of bull cycles, and the red lines are the bottoms of the bear markets. As you can see, previous bottoms never touched the tops. Here are some metrics: 1) from a lower low in 2015 to a higher high in 2011 is around an 80% difference. 2) from a bottom...

PaulSnow

You can see the second, third and present fourth bear markets on the chart. The second and third had the same pattern of three movements (waves) down: 1. 0 - A 2. B - C 3. D - E I depicted the same movement in the present situation based on 200 days of EMA and MA. And here are such exciting historical circumstances. Look closely at the previous bottoms of 2015...

PaulSnow

There are 3 charts of the BTC/USD Index where you can see 200 days EMA - blue line (moving average exponential) and 365 days EMA - black line. In all three scenarios, we can see the crossover of both EMAs which means to be a very strong bearish signal. In 2015 after the beginning of the second BTC bear market in DEC 2013, we got an 85% drop-down in the price and...

PaulSnow

In my analysis, I have used a logarithmic scale on the weekly BTC chart. First of all, I want you to pay attention to 200 days of Moving Average Exponential it is very close to the current price of BTC at the $26976 level. With all the inflation rate that we got today 8.3% plus 50 basic points monthly raise will continue we can expect that price could test this...

PaulSnow

Fixed range volume profile was set from 15 Dec 2018 which is equal to $3135 bottom price and up to $68976 10 Nov 2021. Based on that information I have drawn levels that show us strong zones for holding price movement. As you can see there is fighting for a 30K support level between bulls and bears. For us, it is an important zone, because if we drop below it the...