TraderThierry

TraderThierry

BITSTAMP:BTCUSD Over the last few hours, BTCUSD has formed an upwards trending resistance, and a horizontal support level at 103,000, creating a bullish ascending triangle pattern. May this be the beginning of a God Candle? The only issue that goes against this theory is the high RSI, which could indicate overinflation of price at current times. What do you...

TraderThierry

Brief but efficient explanation on why Bitcoin will recover. Date of recovery mentioned below! -First bullish week last week after 2 weeks of bleeding. Does not provide solid poof that price will reverse, but gives insight that investor confidence is slowly but consistently increasing. - Daily MACD indicator has crossed over yesterday. Bullish insight! - With...

TraderThierry

The bullish tweezer pattern is a pattern where two candles form an identical size and shape. As you can see, this has formed on the one day candlestick chart. This gives a strong insight of a bullish sentiment in the ALGO market in the coming days. I do not recommend ALGO at the moment since I find it slightly overpriced. On the other hand, the company has...

TraderThierry

Yesterday evening, just as the crypto market day was coming to an end with some bullish momentum, an unexpected tweet from Elon Musk, CEO of Tesla and SpaceX, caused the crypto market to crash the hardest and fastest in the shortest time. This caught most investors off guard and many crypto traders have had a really bad day today. But what if I told you that I am...

TraderThierry

ARKK ETF is a growth ETF created by Cathie Woods that has grown around 500% since its release in 2015. ARKK ETF stocks are a conglomerate of growth stocks that are identified by the analysts at ARK, the stocks are carefully picked out depending on their ability to produce profits. Since ARK holds a diverse portfolio in a wide range of stocks, it usually follows in...

TraderThierry

The moving average indicator is a widely used indicator that can sometimes predict future price movement of an asset. Often, when any asset price bounces off the Moving Average or ‘MA’, this means that we are in for a good increase in price. For two days in a row, ALGOUSD price has experienced a bounce off the 100 period MA, could this be a final call before...

TraderThierry

ALGOUSD has just bounced off a KEY support level at the Dynamic SR level of the drawn pitchfork. This correction gives a huge sentiment of a bullish market in crypto tomorrow. This will probably be the last pump of the cycle before the market crashes again. Time your exits well and stay alert.

TraderThierry

This is a small reminder to traders that do not pay great attention to candlestick patterns. While they might be too many to memorize, they are very useful and could guide you to a better trading experience. As we can see the bearish hammer was followed by a $1000 crash in BTCUSD price in less than an hour. for extra information, these kinds of crashes within the...

TraderThierry

XLMUSD has seen a bearish run in the past 2-3 days. It has mainly found support at the 200 MA 1 Hr interval, and seems to be recovering from this point. In previous cycles XLMUSD bouncing off crossing the 200 MA has meant a bull run. Another indicator on the chart is the Fibonacci retracement lines, they can be used to predict future price movements, and as we...

TraderThierry

Bad luck to anyone who decided to invest in DOGE this week, your winnings have been wiped. This crash was inevitable due to the volatile move in the DOGE market and the inevitable fact that DOGE isn’t backed by anything in any sort of way. On the other hand, HODLers are ready to keep going and to push through. No one really knows where this is heading, Elon’s...

TraderThierry

Do not panic. BTC has had a strong pullback in the last couple of days, crushing through the 50MA that hadn’t been crossed in 4 months. But as we can see, the price is finding support at the 100MA level. We could see a pump to new highs in the coming weeks. This is not financial advice

TraderThierry

ALGO has seen exponential growth since last year. I have plotted a few key indicators that allow you to understand the potential growth on this cryptocurrency. We have seen clear retracement on Fibonacci levels which could be used as BUY points. The key support and resistance levels could be plotted by drawing a Pitchfork , that clearly identifies these levels....

TraderThierry

April 08 will probably be the first bearish day for bitcoin after a series of bullish runs in the past 2 weeks. To indicate this reversal, I have used the the trend based and time based Fibonacci drawing tools, and they have predicted the beginning of a reversal on the 8th of April. This might only be a prediction, but we have reason to believe that is is mostly...

TraderThierry

Previous resistance was broken on a pitchfork a couple of days ago, constantly dropping lower everyday. After a week, the price recovered and found resistance right on the previous support line, but after testing if for 3 days, could not get passed it. The price continues to reject lower and away from the pitchfork day after day. This could be the beginning of...

TraderThierry

After checking some alt coins out, I came across ALGORAND ($ALGO). It is a cryptocurrency that has grown over 760% since its release last year. Fluctuations in the price and a fair amount of volatility give access to bigger gains (in terms of %) in a shorter period of time. It has shown great price increase which is why I decided to slowly get into it. Let me...

TraderThierry

Do not worry, the $400 drop in bitcoin price might have seemed sudden. And although the hour candle closed below key support and resistance levels (which may be a bad sign), the price is only retracing and pulling back naturally and has successfully bounced off the 0.382 Fibonacci level, leaving much space for bullish momentum today, April 1st, 2021. This is only...

TraderThierry

Now this may not work 100% of times, it sure does work most of the time. I use a Pitchfork tool to create a clear and very effective view of support and resistance of price. Identify the chart for yourself! You can see just how accurate and useful it was today, despite the extreme VOLATILITY. Although the price dropped to about $57K, the support line that I...

TraderThierry

In the last couple of hours, the price of bitcoin has quickly rallied down back to $58,000, at one point reaching $56,800, after not being able to break through a key resistance level that I have drawn using a Pitchfork. The price quickly rallied up to $59,700 before crashing. This could have been caused for many reasons. It could have been caused by a very quick...