The price action of 4h time frame Bitcoin chart has formed a bear flag which is bearish continuation pattern. I expect the price to drop at least $34000 per Bitcoin. Next bearish target is at $33400, ultimately followed by key support at $30000. As you may know I am bull myself, only a spot trader so I look just for moves to the upside to take trades, but...
The price of Cardano has formed a rising wedge pattern on the 4h time frame which has bias to break to the downside. The break to the downside is expected to reach $1.45 - $1.50 resulting in almost a 20% drop. MACD shows signs of exhaustion as the buying wave now lasts for 3 days, a corrective one is expected. RSI failed to hold above 60, meaning bullish...
I still remain bearish on Bitcoin as there is no clear reason to be bullish aside from the weekly weak uptrend as the price keeps on finding support at $33500, 50 weekly EMA. However finding support at 50 weekly EMA isn' some thing which has been in Bitcoin history bullish. The fact that Bitcoin broke below 20 weekly EMA meant a trend change unfortunately. As...
The price of Ethereum has formed a flag formation, which has been formed from a leg down, meaning it's a flag with bias to break to the downside. If the price finds support at $2250, it still has potential to change the trend. However a full candle break below $2250 can lead to some serious losses, so be careful. A break below $2250 will see extended losses to...
While it's true that Bitcoin has formed an inverted head and shoulders strong trend changing pattern, I am not really confident about it breaking to the upside. Why? Because the upper neckline is formed by a downtrend line, rather than a horizontal line. Meaning there is a trend of lower highs. So I am not buying yet back into crypto market with my spot...
The price of Ethereum is likely to create an Inverted head and shoulders pattern which is known as a strong changing pattern. As the overall 4h trend is a downtrend, the pattern is spot on. As I spotted this possible pattern today, I sold my bags at $2836. The plan is to buy at $2400. If Ethereum breaks below $2400 sharply, I will be buying back a break above...
Same as Ethereum Bitcoin has formed a falling wedge pattern with bias to break to the upside. The strong 4h uptrend remains strong as the price continues to find resistance at 20 blue EMA. A break of 20 EMA at 36800 will very likely push the price at least to 50 EMA at 40500. The falling wedge is known as a trend changing pattern when it comes from a downward...
The price of Ethereum has been spotted in a falling wedge pattern which has bias to break to the upside. This pattern breaks to the upside even in downtrend as such. If this pattern breaks to the upside, it will be considered as a trend changing pattern. The 4h trend is now a clear downtrend as the price continues to find resistance at 20 EMA. RSI trend of...
Ethereum seems to be forming an ascending triangle pattern with bias to break to the upside. There is a clear uptrend line which can be spotted and also RSI uptrend. I am looking just for a small trade. I entered at 3380, will be taking 5% profit below 3540. Good luck!
Hello my small TV community! Today I've prepared a chart where I will be showing you my approach to current Bitcoin price action and how I usually trade. I love to trade ranges as I have a lot success with them, not only with Crypto assets. Usually I am not opened to all four trades, (usually I just follow the trend, when the overall trend is uptrend I just...
The price of Bitcoin has been spotted in a bull flag with bias to move higher. I expect a test of at least $59000 per BTC. Hourly trend is a strong uptrend with primary overall trend being an uptrend. MACD is about to give a buy signal and RSI is breaking out into a bullish momentum zone. Alts may bleed a bit if the move to the upside is too strong. Good luck!
DOGE has broke today into a new all time high and by breaking last resistance at $0.50, DOGE can easily reach one dollar per one coin! I remember few months ago, in december DOGE wasn't worth even a tenth of a cent! And now it's being traded for half dollar. All in all, the market mood is still strongly bullish. I expect this wave to reach at least $1 I am...
Binance coin has closed 4h candle today in new all time high, making first close above $600! These are very bullish news and I can solely on this can say that BNB will move higher. Price broke above pivot high at $613.9 RSI found support at 60 and continues to move higher meaning demand is increasing and momentum is present. Daily MACD is about to give a buy...
Bitcoin is currently testing crucial resistance at $55000, where are 20 and 50 daily EMA's located, which were about to give sell signal few days ago. Currently the downtrend lines seems to be broken and the price action has formed an ascending triangle pattern with bias to break to the upside. If the price breaks above local high at $55738, the price can...
NZDJPY is approaching key pivot resistance at 79.212. As the price of NZDJPY is approaching this resistance from an overextended move without proper correction, I expect this test to fail and a higher correction to be seen. Short the resistance. Good luck!
Cardano is looking like a good altcoin to buy in if we expect Bitcoin to move higher. Good scalp trade example imo, Buying break of $1.3436 Taking profit below $1.50. Good luck! Not financial advice btw. :)
The price of ZKIN has been corrective for some time and it has almost turned into an overall downtrend. However the losses were capped at $4.86 where the price found price on overall uptrend line (scroll to see) and has formed a reversal pattern. The price is currently a bit overbought and I expect the price to correct a bit before any more upside. I expect a...
Omisego has been spotted in a bearish pattern which has bias to break to the downside. Hanging man candle has been printed. Testing resistance area. MACD doesn't have much room to move higher. I expect a correction to $7