Hello, traders! I mostly post cryptos here but I also trade indices so I wanted to share my ideas. Markets are showing steady and calm movements as the election approaches and I think now might be a good time to watch over the indices. I often check the indices because I trade them regularly - my idea behind the trades is simple. "It will rise if it gets too...
Hello, traders! I've posted a lot about BICO lately, and this will be my final remark for this cryptocurrency. BICO is about a year old, its ATH was 0.9877 USDT on April 1st when it continued to decline ever since. BICO's average daily volume was very low for last few months, being approx. 5M USDT. However the volume from October 30th to November 4th (yesterday)...
Hello, fellow traders! I want to share my thoughts on BTC. Looking at the 1H chart, we see the price has recently touched the weekly resistance line. It is now hovering just above the line instead of breaking out, which is ideal. I've adjusted the time of the US election and Federal reserve interest rate announcement based on where I live. The US election is...
In the previous breakout, we see BICO failing to keep up the uptrend and falling below the resistance line. We now see its second breakout. While the high was lower than the first, its momentum is bigger. IF we see a reversal in 1️⃣ and BoS in 2️⃣, we will enter LONG.
Hello, fellow traders! In my previous analysis on BTC, I've mentioned that if the price showed reversal of trend at the weekly downtrend's resistance line, there's a good chance it might be signaling a bull run. In the first box 1️⃣, we see the reversal near the resistance line. Although the price did not physically touch the line (which would have been the...
Hello, fellow traders! We see ZRO nearing to its supply zone - the price may reverse now and start a bull run or it might continue the decline further down and reverse there. In my opinion, it is safe to enter now - but! There are several things to keep in mind. 1. When entering trade, enter with only small portion of your entire balance to manage risks. If...
This 5 months old crypto is currently entering its heavy supply zone! I would wait for the price to drop down to 2.7238 and confirm the reversal to enter LONG. Entering now would also be fine since the downtrend was not aggressive, increasing the likelihood of price respecting the zone. If we can confirm the reversal earlier, we might enter then instead of...
In my previous post about BICOUSDT, I've watched the market for the entry opportunity but unfortunately it slipped. Click above to check. The price is now below the resistance line of the weekly downtrend again, but is refusing to continue the downtrend - normally when the breakout fails, price drops without hesitation. Look at what happened in July, for...
In my previous post on BTC, I viewed the current downtrend as a temporary pullback before the USD presidential election. We now have limited time left before the election and the upcoming week is going to be very important. Although the election takes place on the 4th, results may take several days, with the vote-counting pace varying state to state. This might...
In my previous post about BICO, I suggested that BICO might stop the months old downtrend and switch to an uptrend. We now see a strong bull candle breaking through the resistance line - great evidence of a possible uptrend. It might be too risky to enter now, but if the trend reverses back to the BOS line and bounce back, that might be a good entry point...
Hello, traders! We see BTC on its downtrend again after peaking at 73k. This might be a pullback before the election. The US election is approaching very soon now, and I find this pullback a great opportunity - we might see even bigger bull run after the election (or a complete downfall - which is also a great entry for short). If we see a reversal in 68 - 69k...
I've done a NEIROETHUSDT analysis in the recent past, and one thing I learned from it was that we should never overlook the volume . We look at the BICOUSDT chart here and similarly we see a big volume in recent hours. The red line represents the resistance line of the downtrend from 1D chart. The downtrend has been continued for last 6 months , and we can...
NIEROETH is on an uptrend with a considerable volume and I expect some actions in 830 level. However, if the price is to break through the level with volume spike, there's a good chance the uptrend will continue: signaling a reversal of the 2-weeks downtrend. This is pretty convincing due to the current flow of the crypto market.
Refer to my previous post for the context. (Click the chart image above) We still have time left until the US election, I expect major decisions to be made on that day: either BTC rises or falls (for good). For now, the price is just swinging between 68-69k zone and 65-66k zone. I'll keep the post updated about how we might be able to approach in such consolidation.
Hello, fellow traders and friends, we see BTC on an uptrend once again, re-entering the 68-69k zone which has shown heavy resistance multiple times in the past. We currently see an expected pullback, but if BTC is to breakout the zone (which is very likely due to the US presidential election) eventually, we might see a bull run well beyond 70k. Although we have...
Hello, I've received a request to analyze ETH so here it is: We see a similar pattern in 1W chart as BTC, but unlike BTC, ETH was not showing any sign of new all-time high or even a breakout. With BTC being corrected, ETH is also showing bearish movements for now. Here's the 1D chart. I've drawn 4 parallel lines of downtrend: the outer lines representing...
After meeting heavy resistance at 68 - 69k, BTC is on a downtrend. And this makes my prediction correct for now , but this does not mean that the bull movement is completely over. I still expect some price actions around 66.5k which is the price of the upper (resistance) line of the downtrend - which now works as the support level. And there's a good chance...
In my previous post, I have predicted the continuous downtrend of BTC. Many people are getting hyped up over if BTC will reach 70K or not: some are expecting a breakout this week while others don't. While the price of BTC rose above the upper level of the downtrend(marked as a black line), it has met a resistance at 69.4k which was my entry price for...