Following my last post BTC broke the trend line and has approached the blue line as shown on chart. Now for current scenario: Wicks are meant to be filled, and as we've witnessed in this chart also wicks are getting filled even if it takes a month or two. One is remaining and once it gets filled we'll arrive at a key zone (33k-32.5k) and can expect a rebound from...
Key points and levels mentioned on chart. Use trailing stop loss.
As shown on chart SNX is trading near its confluence area, and forming a rounded bottom structure on daily time frame signifying the upside potential is good for the coin. I'd say its good time to accumulate, if market will provide good liquidity this coin has further more potential. Key levels mentioned on chart
Bullish RSI divergence supported by daily support trendline creating a good confluence zone that can be a good indicator for a bounce back Use trailing S.L. key levels mentioned on chart.
After a fake out from the Rising Wedge, BTC is at its target zone and daily support zone (42.5k-42k). Supported by bullish RSI Divergence we can expect a reversal from here. Key levels mentioned on chart. Use Trailing S.L.
Falling wedge upside breakout most probably can turn into a fakeout, with certain factors such as bearish divergence on lower timeframe supporting the fact. Trade with S.L , Don't go with heavy leverage. Levels provided on chart!!! USE S.L(Given)
These are some possibilities for short term trade. Use stoploss!!
BTC exactly followed my last analysis, all the factors were bullish and BTC broke the falling wedge to the upside and accumulated exactly at the key zone which I mentioned(purple zone) around 49k. what's next? Well everything seems positive as of now, but market never fails to amuse us. The possibility which I see is depicted on my chart. A bull flag pattern,...
SHORT TERM ANALYSIS: BTC approaching again towards Daily confluence area and good Pivotal Support region. Formation of a falling wedge on 4hr TF with Bullish Divergence with MACD shows some short term strength. Key levels are highlighted with yellow lines and purple zone. Trade accordingly, use trailing SL.
GOLD reached towards daily, weekly demand zone, with positive COT report with net longs depicts the accumulation zone ready to blow up. Viewing technically on LTF(4 hr) a bullish MACD & RSI divergence supports the view with a falling wedge formation. Key levels mentioned on chart. Trade with caution and trailing stop loss.
Previously BTC broke downside our strong structure and followed our 2nd scenario exactly (previous chart linked), this shakeout happens in order to liquidate late and overleveraged longers. Present Condition: AS mentioned on chart BTC has again entered a local confluence area(factors mention on chart). A successful rebound from this area can easily get us to the...
The drop was unavoidable because there was a Falling wedge formation & a Bearish Divergence on both the daily and 4hr TF Following the drop to the 0.786 fibo level, BTC recently formed a Double Bottom Structure during which some buying volume was built up (white circle) on lower TF and then it bounced back to the high confluence area (purple circle), where some...
On a daily and 4-hour timeframe, there is currently an Inverse Head and Shoulder pattern. $60700 - $59700 is the zone to keep an eye on. As there's a previous support zone, a right shoulder, and a symmetric triangle support line, this is a great confluence area. A breakout to the upside will easily get us to +$65k. Fundamentally, there are both positive (ETF...
BTC exactly followed the last update, it consolidated for sometime and then a drop till $59.5k and then bounced back. Now for further price action there are two possibilities: 1. Test and reject the near resistance which is $63.5k-$63.3k zone and then fall back towards $62.2k-$61.9k before making a new leg upside, which is possible as its still travelling in the...
BTC just broke its trendline and is now consolidating near the $60k-61k zone. The first possible move is to consolidate in this zone and then rise towards its ATH after accumulation is complete. The second option is to take a liquidity dip into $58.5k-$57.5k and then bounce back towards the ATH. If you look closely at the chart, you can see that BTC is going to...