Of course, I could be wrong . And I have been very very wrong before and still make cardinal sins that I know on hindsight I should not. So, please take my chart as a reference point. While I advocate a buy on this pair , it does not means it is going up like a straight curve all the way (think of gold recent movement - 9-10 days of straight up,isn't that...
Again, it has reached a temporary peak. I hope it would pull back to those red arrows I have indicated on the chart so that late buyers can have a chance to buy again. Where would it fall exactly? I don't know for sure. Look at the chart on lower time frame and monitor the price action. Chinese Fintech Firms Using Ethereum Keys stopped and spoke with several...
Ever waited in a long queue to buy something ? You waited and waited, somehow the time passes so slow......like a snail moving.......... You start to fidget and ask yourself ; "Is this worth it?" In short, you are questioning yourself, if you have better things to do (I am sure you have if you think hard enough). Then, out of frustration, you moved away from the...
See chart Warning: Cross yen pair is very volatile, so if you want to trade, be prepared for wild swings. You'd been warned:)
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Look at my chart for BTCUSD, if it does pull back , then LTCBTC will continue to hit higher. The last green candle shows me selling may be over and bulls camp are taking over.If I am right, then it would bounce from the lower channel/flag and return to the peak point. Let's see if it plays out the way I want it.
Blue dotted line - support line Inverse Cup and Handle pattern - another smaller inverse cup and handle is forming in process, giving buyers a false sense of breakout before it pulls back again to hit below the support line. Also, notice the MACD is going to cross over, if it does, then short term, it would goes up. Let's see if it turns out the way as per my chart.
ABC pattern completed, a doji pattern appeared on top, signalling a reversal trend, likely to pull back before going up further. Buy on dip
What do you think? Please feel free to comment
Note, I used FIB Level as a guide, it may not reach exactly at the price zone, so monitor the price action on lower time frame