danielbelfort

danielbelfort Updated 

One of the biggest traits a good trader can have is to set emotions aside and learn how to make decisions objectively . This may seem pretty straightforward, but when you have skin in the game and subconscious desires playing in the back of your mind, it can get complicated. Remember, there’s nothing wrong with being a bear; you can profit regardless of the...

danielbelfort Updated 

Over the past couple of calls, support and resistance levels as well as oscillator divergences have led me to quite substantial profits. In this chart, I’m combining those signals with price action understanding and the Ichimoku Cloud indicator as confluence to long MTL/BTC. More specifically: Imminent breakout of bullish symmetrical triangle. Price...

danielbelfort

I have been recently studying and analyzing the Ichimoku Cloud indicator at depth, and I must confess that I find it fascinating. It shows current dynamic support and resistance levels and is able to predict them in advance , it also takes into account Fibonacci retracements into its formula and incorporates something similar to EMA’s (TK’s) in the picture. How...

danielbelfort Updated 

Litecoin has a history of following BTC's and ETH's bullish moves, both of which have already occurred (see my last post for the accurate prediction of ETH’s bull run). This, in addition to the Technical Analysis described bellow, leads me to believe that we should see a bullish LTC run soon, and expect it to weaken around the $175 area in a couple of weeks time,...

danielbelfort Updated 

Using support and resistance levels, in addition to having oscillator confluence, I'm willing to predict that ETH/USD hits the $900 area in June 2018. Extremely oversold RSI. Bullish divergence in On Balance Volume (OBV) oscillator. Predictable price action around S/R levels. Amazing project fundamentals. If you're still unclear on S/R levels,...

danielbelfort

Please enjoy this free lesson I put together on Support & Resistance Levels ! Credits to @CryptoCred for introducing me to the topic! If you have any questions, please feel free to leave a comment and I'll do my best to respond. Don't forget to smash that like and follow button for me. Thanks!

danielbelfort Updated 

Welcome to my first post! This post will be somewhat lengthier than the ones to come as I'd like to include some background on myself and on what I've done that has led me to this first published chart. I have been in the crypto-space since early 2018, and have not looked back since. Fascinated with the technology and the learning opportunity that this...

danielbelfort Updated 

Bullish Symmetrical Triangle This chart depicts the breakout of a symmetrical triangle pattern, which is currently undergoing a retest of its uptrend line as support. I entered this trade a few hours ago buying the retest and aiming for the subsequent bullish trend, which I estimate to last around a month based on the coin's past trends. Resistance had four...