Taiwan_Bear

Taiwan_Bear Updated 

EURUSD has dropped 1,000 pips since my post in 2018 (see below). The 2017 gap has finally closed. But, does the close of the gap enough to cause the 2 year downtrend to reverse? To determine whether the downtrend can reverse or not, we might need to look at other clues, such as whether EURUSD can: 1. Close above 1.125 2. Close above weekly 50EMA 3. Test...

Taiwan_Bear

Luckily we were able to sell near the high before yesterday's dump. I hope you have learnt the beauty of trailing stop because that's how you can ride the wave and sell near the top of a move. If you have read all my recent analysis on ETH , XRP , and Total Market Cap , all of them went exactly as planned. Tbh, I was quite surprised as to how quickly they hit...

Taiwan_Bear Updated 

With the pump to $0.34 last week, there is finally a possibility that we are seeing the light at the end of the tunnel. However, don't be too happy just yet as there are still many obstacles to overcome for XRP. 1. There is a clear MONTHLY resistance at around $0.305 - $0.31. Without closing above $0.31, XRP will need more time to consolidate. 2. With last...

Taiwan_Bear Updated 

My dear friends and followers, here are my ETH analysis for you as promised. Without further ado, let's investigate what ETH is going to do next. If you remember, back in May 2019 I told you to take profits at $290 and $350 ? That was the first wave of either an impulse wave (12345) or a corrective wave (abc) of a new market cycle. Regardless which wave it is,...

Taiwan_Bear

The long signals at $8450 has finally come to an end after Bitcoin hit $9650. As per my recent update, you should have closed some positions at around $10300 and the remaining positions closed at $9650. As opposed to exiting ALL your positions at $9100 and subsequently having to buy back higher into the resistance at $10,000, I showed you exactly how a proper...

Taiwan_Bear Updated 

I am buying my long term position on STEEM now. There is no confirmation for the bulls yet, however, momentum has been rising near the lower band of RSI and daily RSI has just broke the resistance @ 40. If you are low risk, wait for price to close above $0.20. There is weekly support structure around $0.14 - $0.15, together with bullish divergence on both weekly...

Taiwan_Bear Updated 

Hope you have enjoyed your profits so far. The long-term investment bought between $6800 – $7300 is now in 40% profits and the 1hr swing trade bought @ $8450 is now in 17% profits. Regardless of which trades you took, you should have closed at least 30% of those positions by now. The recommended stop loss for the remaining positions are still at $9077. Why...

Taiwan_Bear Updated 

The price is still going up well. If you have bought with me at around $8,450, make sure you move your stop loss to $9,077 as per my update. Unfortunately, if you are using Bitstamp your trades would have been closed with 7% profits. For others, just hold the positions to see if we can enlarge our profits. Some of my students asked me - why did I think the price...

Taiwan_Bear

Drawing a trendline is like an art – when you draw a trendline reliably it’s a beautiful piece of art. Yes, RELIABLY. Many traders would have told you that when you draw a trendline or a pattern, you must follow this, this, and that rule. To me, many things in trading is not an answer of right or wrong, but which method is more reliable and tell you the story...

Taiwan_Bear Updated 

Congratulations to all who followed my recent calls. Taiwan Bear has done it again!! Please enjoy the red envelops as my gifts to you. Let’s do a recap on what’s happening. I have mentioned a total of 3x trades that I would be interested of taking since the recent low at $6,500: 1. For the long-term investments bought between $6,800 - $7,300 – the first...

Taiwan_Bear Updated 

Before I start this analysis I just like to take a second to say thank you. Thank you all for your overwhelming support and likes. Some of you mentioned you wish you could have followed me months ago. But it's ok my friend, I am always here for you if you are willing to learn and become profitable yourself, instead of always waiting for someone to tell you what to...

Taiwan_Bear

Hi traders, Last analysis I showed you what top-down analysis is and the steps of analysing a chart using real price chart on Bitcoin . Hope you have enjoyed the educational post and understood everything I taught you. (Almost no one ask me anything so I assumed you all understood) In my previous post I showed you my first target was $9366. Despite the...

Taiwan_Bear

BTC finally broke above the $7,900 weekly resistance. It’s such an amazing news for us. I have been telling you since July 2019 that I have placed my buy orders between $6,800 - $7,300. Then, a month ago, I told you the momentum has shifted. How many of you believed me and bought some Bitcoin? Leave a comment below so I know I wasn’t just talking to myself! For...

Taiwan_Bear

As $7900 weekly resistance is not yet broken we have nothing to trade at the moment. What we can do is to use the time wisely and try to learn more about trading. Although I have explained why I consider $7900 weekly resistance as significant, many people still asked me why that is. Here I will explain it in more detail. First, you need to know about top-down...

Taiwan_Bear

Hope you all had a wonderful Xmas & New Year break. 2019 was an amazing year and I hope all of you had made good profits together with me. Without further ado, let's talk about the current price actions: Above chart is the same chart that I posted back on the 5th Dec 2019. The range still holding nicely as expected. In trading, if you are expecting a range,...

Taiwan_Bear Updated 

The crucial support is still holding well but the false breakout below $6500 must have stopped out some of the bulls. And for those sellers who likes to chase the price are now trapped. Hours ago before I went to bed I updated my idea in the Chinese TradingView platform that I would only be interested if the neckline resistance on the 1hr timeframe is broken (my...

Taiwan_Bear Updated 

Hi guys, just a quick update as I am at work at the moment. For sellers , it's very nice profits. If you have taken some profits as per my advice, you can now move your stop loss to $6950 or $7200 and leave the remaining positions open until mid $5k. For buyers , it will be a risky buy as the short term trend is still downwards (mentioned in my last post)....

Taiwan_Bear Updated 

Thanks for all your support to my last idea. My post may not have a lot of views but because of your LIKES my posts were able to be on the first page of TradingView most of the times. So, once again, appreciated. I promised that I will give more frequent updates, so there you are. Although it's not the best time to trade due to the price is at a critical level...