In this idea I will go into XRP/USD and use technical analysis to highlight the most important aspects of XRP right now. Both through the volume profile and heavy trading zone we can see some interesting behavior. Let's start with the horizontal support zone at the bottom. This area got confirmed multiple times, showing it's strength. After the latest...
Today, I am answering some questions from my followers. To honor the fact that I am back on Tradingview with some high quality TA. A loyal follower reached out to me today with the question: "Is SXP worth HODLing?". My answer to this question is a simple yes. The reason for this? Technical analysis. We can see a beautiful S/R flip here on SXP where an earlier...
June 2020 has come to an end. Every month I analyze what happened with Bitcoin and the altcoin market. Of course the crypto market recovered amazingly fast after the COVID-19 crash. April and May were very strong. How did the crypto market perform in June? In June Bitcoin flattened completely and showed the lowest volatility in quite some time. Bitcoin “went...
In this idea I will explain what a bear flag is and how this information can help us position ourselves for a nice short trade on EOS. A Bear Flag is a bearish continuation pattern. It is formed when after a strong drop, an ascending channel is formed where the price bounces back and forth. The bullish version creates a view that looks similar to a flag and a...
All info can be found on the chart. DMs are open!
In this idea I will walk you through the two horizontal zones that you should probably add to your chart as well on USOIL. I will keep it short and simple so everyone will be able to understand it and benefit from this information. Most of the information should be easy to grasp by simply looking at the chart. The first horizontal zone that we focus on is the...
In this idea I will explain why I am bullish on ADA right now, and suggest a trade set-up based on technical analysis. There is a nice 8% trade opportunity waiting for us here on ADA/USDT. After the big drop of yesterday where all altcoins + bitcoin dumped hard, we are seeing great recoveries at the moment. ADA/USDT just broke out of this descending parallel...
In this technical analysis on AUD/USD I will walk you through the recent things that happened to this pair, and I will explain you why I think a short position is most suitable right now. Also, I will explain the most logical entry position, take profit and stop loss. On AUD/USD we have seen a fantastic recovery since the corona low at the end of March. Within...
In this idea I will explain to you how to use one of the lesser known strengths of the Fibonnaci Retracement, called the Golden Pocket. We will use it to show a LONG opportunity on GBP/USD, including two different fib based targets. The “golden pocket” is the name of the area in between the 0.65 and 0.618 Fibonnaci retracement (Where 0.618 is related the golden...
In this idea I will share a support and resistance trade set-up for USD/JPY. After it found a strong rejection at the 109.500 level the price rapidly found its way to the support zone of around 106.000. Just like at the beginning of March, this zone created strong support and awoke many bulls again. Now that the support zone got confirmed, I suggest a long...
A very interesting support and resistance trade set-up here on EUR/USD. The price has seen a tremendous uptrend since the beginning of June, but after a healthy retracement I see new evidence for a rally that brings the price back to at least 1.13 levels again. This support zone that is the main part of the analysis has not been super strong, but I believe it...
As you can see from the highlighted red dots, every time XRP suddenly feel it found support on a value near the 17 cents region. This time it was no different, the entire market dumped massively and a chain reaction caused one asset after the other to lose a lot of value in a short amount of time. However, XRP was already not doing great but didn't deserve such...
All info can be found on the chart. DMs are open!
Where most people have just joined the panic sell on Ethereum, we know to be smarter than that. These moments of psychologically based trading and FOMO are the moments you can get the largest gains. Truth is, Ethereum was never supposed to get this low in the current market. But due to external factors and the whole crypto market taking a dump in the last hour,...
In this idea I will break-down all the price action we have seen over the last few months and explain where I believe we will be headed in July 2020. I base my decisions for this analysis mostly on big world events such as COVID-19, GF, and the recent correlation of bitcoin to the legacy markets. All of this is available for free, please give me a thumbs up if...
In this idea I will do a full technical analysis on gold on the 1H and explain why I give a bullish (long) trade advice, and also discuss an alternative bearish scenario. We can see that the upper resistance line of this ascending channel on gold is definitely much weaker than its support line. With two break-outs the resistance had cases where it didn't hold...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'. SNGLS has been showing a lot of high volatility recently. Buying this coin at a discount can be very favorable to your trades. I suggest a nice 17% trading opportunity here after getting confirmation on the support zone. --- What is The Quick Update Series All About? --- I have...
We see here that USD/JPY has traded in a downwards channel for more than 3 days straight. However, just before the close last week, suddenly this trend broke and we found an interesting signal of a trend reversal. You can wait for the open first for confirmation, but if the gap is bullish then we might have seen a temporary bottom, and you can long USD/JPY until...