XForceGlobal

XForceGlobal Wizard Updated 

Here is a suggested theory just based on a single technical pattern that we love to play within the larger pictures for the small scalps / swings. Exposing yourself for the trade is a whole different topic, and how to properly execute it is a strategy that I can't really go into clear detail due to the deep diversity of these patterns; however, as we can see from...

XForceGlobal Wizard

Hello Traders, Today we would like to talk about one of the most important support lines for Bitcoin - the 20 Moving Average (MA). The 20MA has acted as major support in the past during the history of all the bull runs currently observed. We have had at least five different instances that took place in 2016 and 2017 where Bitcoin price collapsed back to the...

XForceGlobal Wizard Updated 

Hello everyone, although price has declined over the past 24 hours - we have suggested a possible bullish RSI divergence from our previous analysis and it's now in play. Divergences are one of my favorite trading concepts because they offer very reliable high-quality trading signals when combined with other trading tools and concepts. RSI bullish divergences...

XForceGlobal Wizard

Hello traders! After yesterday's drop, we have witnessed a few interesting bullish developments that is counter productive against the main market sentiment. We are seeing a lot of bearish signs and from our last post, we mentioned a small correction that may happen due to the stock market; however, we can enter a long position here based on some of the bullish...

XForceGlobal Wizard

Hello Traders and Investors. Here I would like to shine some light on why the stock market is now currently the leading indicator (here we use the SNP500) against all commodities, assets, and tradable cryptocurrencies during and post the COVID-19 Crash. Although the Bitcoin market has been showing strength, the general public has been growing eerie about the...

XForceGlobal Wizard Updated 

Please feel free to like, critique, or even post your own thoughts! Bitcoin is currently facing strong resistance at 11.2K-11.3K levels, which is more than expected and not a surprise. Congratulations to everyone who has taken a long from our suggested areas from 9.9-10K levels. Here is the 'editors pick' post where we suggested a long from those levels: As...

XForceGlobal Wizard Updated 

Now that we have more data points for Bitcoin in terms of closed candles, we can assume that this area is being protected by the bulls. While we have been analyzing numerous bearish cases, we would still like to show another probable scenario for Bitcoin on the bullish side of things. Technicals: - We are seeing another bullish ascending triangle which means...

XForceGlobal Wizard Updated 

Here we will make a small analysis and look at NEO, one of the biggest gainers of 2020 in the alt coin index. We have witnessed one of the best opportunities to take a short here with a relatively low risk ratio since NEO has already pumped. We can enter the trade anytime here and since it is the weekly, we can expect large profits to be made here with just the...

XForceGlobal Wizard

Bitcoin is showing incredible strength of continuous bounces above or within the envelope on the monthly time frame. This is in essence, one of the most bullish signs on a monthly perspective, regardless of how many times we may dip below $10,000. We can assume that if we continue with our fractal for the 2015-2018 bull market cycle, we can assume that buyers will...

XForceGlobal Wizard

Bitcoin has witnessed a strong rise in price action over the past few days! And our previous analysis has been aligning perfectly with current sentiment. Just based on pure technicals, we still believe that there is room to grow, despite strong resistance in this area. We are seeing possible growth after a small correction/consolidation in these regions due to...

XForceGlobal Wizard

Bitcoin is now showing a golden cross on the MACD Histogram along with a break of structure in the RSI. As this is a very brief technical overview, this is the first step of showing strength in the trend. Although we are technically bearish in the mid term since we have broken main structure, a break back into the main trend line would mean we would have to change...

XForceGlobal Wizard

Ethereum is currently printing a large bearish engulfing candle on the weekly chart which may indicate further consolidation and then a possible drop below the immediate parallel channel. Price action is sandwiched between two major resistance and support zones, which now makes it a technical 'NO TRADE ZONE'. However, by the looks of it, ETH can be creating a...

XForceGlobal Wizard Updated 

Bitcoin has been ranging for the past few days, but with our previous analysis suggesting a long at 9.8-10K levels, we are in profit. Now that we have further data available to make an educated guess for the direction of Bitcoin, we are finding even stronger evidence that Bitcoin may be heading higher, rather than lower. As we are gathering stronger support at...

XForceGlobal Wizard

Nothing has changed for our view on Bitcoin for the short term. In fact, we are now more bullish with more interesting developments being created on the technical side of things: 1. We are seeing a clear bullish divergence on the 1D Time Frame (TF), now. Almost 100% of bullish divergences play out on the day charts. 2. We just witnessed a strong reaction, once...

XForceGlobal Wizard

Bitcoin Bull Market Cycle Bitcoin is now retesting the 20MA (Moving Average) on the weekly and may be signaling the biggest buy signal for this year that may bring us to all time highs as long as this support holds. Every time the price has his the weekly 20MA, WITHIN in a bull market, it has acted as support and gave us higher price action. 'IF' this bull...

XForceGlobal Wizard Updated 

Bitcoin has witnessed another strong drop, but has not triggered the main stop loss, as we are now approaching the demand accumulation zone. Now that we are getting closer to our CME Gap, we can start analyzing the long positions, while everyone remains bearish. We have remained bearish while everyone was bullish. While everyone remains bullish for the time being,...

XForceGlobal Wizard

Congratulations to who may have profited from our short call for the past week. We have made an observation on a previous fractal that may have finalized our drop on the previous post. Bitcoin is currently trading 11% down in the past 24 hours and is now testing major confluent psychological support for the bulls. This may be a small opportunity to open a long...

XForceGlobal Wizard

Hello Traders, We are ready to introduce to you a new possible long idea that may be worthwhile taking for the intraday traders. We are seeing three fantastic technicals that might possibly lead us to a slight relief bounce: 1. RSI bullish divergence 2. Descending Parallel Channel 3. After a 15-16% drop within the past 24 hours, we are still seeing a higher...