ADA is a GREAT project with strong founders and a promising future. On June 12 we get a Bullish Reversal Bar with a Higher close and Lower Low on the daily chart indicating a bullish trend reversal. The RSI is moving near the oversold zone and supports the trend reversal. ADA is looking ready to bounce of it's support trend line. And if BTC bounces - get...
It has been a tough time for the bulls since December 2017, when the Bitcoin price peaked to 20K level and the market then fell drastically. On June 11 , we hit a key support level of $ 6600, which have been tested twice back in February and March. On June 12 we bounced up from our support trend line (bottom blue line) and formed a Bullish Reversal Bar...
I am a big fan of Bill Williams indicators, the alligator, AO, AC and Fractals. So let's begin with them. First entry - May 31 On may 29 A bullish divergent emerged, which is marked with a red circle. It was also confirmed by our AO, which showed a shift in momentum. In addition to that, AC showed Bullish TWIN PEAKS (marked with a red trend line in the AC...
The price has fallen once more, but approaches a very strong support line at 7800 level which also results in a double bottom. If we break "Trendline: Buy Stop + Long", as shown on my graph, it's a sign of reversal and we need to be ready to buy. We can expect an upward movement to 9000 - 10000 levels. On the way up we keep adding to our long positions as it...
Greetings everyone! We have some VERY VERY early signs of a trend reversal based on the our daily candle. We look, we follow, we trade, we make money - it's simple. It goes up, it goes down - we follow. Let me explain the strategy If the daily closes in the upper half of the bar and our AO is confirming the momentum reversal (tommorow), then we are ready to...