Trading-Guru

Trading-Guru Updated 

The price here will find support at three different levels. From the bottom up, we see first the support zone level 2 going far back. Then we have support zone level 1 a little bit more nearby, with a confirmation very recently. However, when we look at the descending triangle we can see a negative momentum where the support is weakening. Also ICX seems to be in...

Trading-Guru Updated 

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the RSI here making a higher low, while the price is making a lower low. This is an indication of reduced momentum, showing that bears are struggling to push the price down. This unsustainable push will lead to an increase in price by creating more momentum for...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the RSI here making a higher low, while the price is making a lower low. This is an indication of reduced momentum, showing that bears are struggling to push the price down. This unsustainable push will lead to an increase in price by creating more momentum for...

Trading-Guru Updated 

BTCUSDT Here with a perfect symmetrical triangle, which can go either way. We see both a support trendline and a resistance trendline, and the price is closing in on the final decision moment. Will the price go up, or will the price go down? Be warned, because sometimes these critical decision areas lead to high volatility. The last option is that a decision is...

Trading-Guru

Gold, the safe haven for investors. During the ongoing Corona panic we've seen a massive increase in the gold price. Now, since the markets got used to the panic a bit we've seen the first careful recovery of gold to lower, more sustainable levels. I present to you two likely scenarios 1) The bullish continuation. There might be news related announcements that...

Trading-Guru

What a beautiful opportunity here, let me walk you through the several indicators here that show we should enter a long position here. 1) The BB Rejections. The price has attempted to go below the bollinger bands for four times earlier and every time it resulted in a significant rejection. The market closed exactly on another bearish breakout attempt. I expect...

Trading-Guru

Ah, the joyful memories of the good ol' pump and dump days. Though the market is very different this time, crypto has matured a little bit, and the liquidity is way higher to make organized pump and dumps more difficult, there are still similar signs that you should remember. First of all: DO NOT PARTICIPATE IN ANY PUMP AND DUMP SCHEME. YOU CANNOT WIN, YOU CAN...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy BCPT and...

Trading-Guru

The Corona virus tightens its grip on all of us as daily news comes out that causes many nations to panic. After the NY Times shared an article with the timeline of the progress of the Corona virus so far, I felt inspired to plot it against the price of Bitcoin. You can find a timeline here, based on the article where you can see for yourself how Corona impacted...

Trading-Guru

During extreme market volatility and outside influence, doing Technical Analysis (TA) can be extremely difficult. The markets move very aligned and if you'd be trading, you'd never be trading a single coin. You are trading the market. We can look at it from a strength rank point of view, where we put all major market caps in a row, and compare how to put up...

Trading-Guru Updated 

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. EURCHF Just got really close to the support area again for which it had a lot of trouble breaking it recently. This gives us a beautiful scalp opportunity on the lower timeframes. It's best to wait until the price drops a bit lower into the area of support, and place a...

Trading-Guru Updated 

After the amazing 30% increase of BTC over the last 1.5 days it's time to zoom out and look at a possible area of reversal. When we go back to the weekly at the end of November '19 we can see a perfect correlation to the resistance found today at 6900. This bearish rejection can give more power to the bears, indicating a temporary reversal. Keep a very close look...

Trading-Guru

Hi there, we can see two important patterns on BATBTC right now for the 15m. 1) There is a horizontal support zone around the 2150 level that just got confirmed by the most recent price action 2) A negative trendline is present indicating slowdown of growth. We can use these opportunities to define our short scalp, which can only be executed on lower timeframes....

Trading-Guru

Hey all, the Trading Guru is back with another entry on the new series called 'Quick Updates'. We can see this beautiful 0.382 fib retracement on AUDNZD (see the left side). The price already bounced off once very cleanly on the .382 level. Since the overall trend has a clear reversal on a higher timeframe (see the right side), it is expected that the price...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. MANA (Decentraland) is following a falling wedge pattern. I expect the price to bounce a few more times before it will break through during a bullish breakout. The entire altcoin market is in an uptrend right now, and though some alts are a bit volatile and shaky - as...

Trading-Guru

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see here that BQXBTC has just reached it's support zone. This could be a great indication of a trend reversal, bouncing back towards the area of previous resistance. BTCUSDT has been massively on the move recently, pulling all alts dry. Once the upwards trend of BTC...

Trading-Guru

The Trading Guru is back again with another updated on AUDCAD. We can see some clear support and resistance levels here, that I showed in previous analyses. But also, we create a few new ones. A relatively strong resistance is just hit and on the lower timeframes we can already see a small rejection forming. My expectation is that the price will drop again. I...

Trading-Guru Updated 

After seeing confluence of both an upward channel and the hitting of a lower horizontal support zone, we can conclude that we have a perfect opportunity for a long position. I am going to put the sell at a very conservative level just below the resistance zone to make this a very safe and straightforward trade. Enjoy!