mdyassink

mdyassink

Here are the 3 most strongest signals that point to ETHUSD starting on a long-term bullish uptrend, Take your timeto go through the signals through the daily and weekly charts usng the moveing averages provided. If you are still skeptical, take a look at how the price reacted when the bearish and bullish signals occurred on previous occasions. I have attached...

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This is an observation and a possible short-term trade based on breakout above the neckline of the Inverse H&S pattern . Not financial advice. Please do your own research too and consider other bullish patterns and signals too before deciding on any trades. Good luck!

mdyassink

Was looking through Elliot Wave theories and decided to post this up as possible long-term price movements on Bitcoin playing out to the Elliot Wave theory which means this next wave will get us to a new high. Hopefully! There has been too much bearish sentiment in recent times so here it is. We could well be currently having the start of Wave 5 ever since the...

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Just sharing what I am doing next with regards to BTCUSD. Everything is explained in the chart. Please do your own research. This is not financial advice. Am just sharing what I am doing next for BTCUSD and how I came to my decision. I am a bull and am confident that price has seen its bottom at 6400+ and that is why i believe that there might be only a minor...

mdyassink

Just sharing where i will be placing my new ETHUSD limit order long based on the uptrending channel support and resistance points and how i came to these decisions. I am placing my trades based on being bullish cause i believe we saw the bottom at 115+. Nothing is 100% and anything can happen so it is important to consider carefully where to place stop loss...

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This channel formed since Dec 18th around the time when ETHUSD found its bottom around USD$15+. This is for newbies: Traders can place trades within this channel to have a more controlled price movements with which you can plan more effectively your trades, take profits orders and targets and stop losses too. This can break out of the channel bearish or bullish...

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Bullish cup and handle pattern could form on ETHUSD daily chart and there is then a possiblity to trade a breakout with a good price target to aim for, Here is what has to play out: 1. Reach the price of about $192-$193 area (top of the cup area) 2. Price must not correct not more than $167 3. It must trend upwards again from the correction or retrace area (the...

mdyassink

BTGUSD has just recently had a bullish cross of the 50EMA and 100MA Moving Averages which historically is an excellent long-term bullish or bearish trend signal. BTGUSD has already formed a bottom and had a strong movement upwards on Jan 15th. After this retrace and minor correction there is a possibility that BTGUSD is on its way to test the strong resistance at...

mdyassink

BTCUSD 50EMA and 100MA Moving Averages on the Daily Chart have just crossed signalling a possibly long-term bullish trend. 50EMA and 100MA cross patterns have historically been very good at signalling a trend reversal. Check out BTCUSD and even ETHUSD daily charts with the 50EMA and 100MA moving averages. Both has only recently crosses signnalling a bullish...

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Just wanted to share an observation. There is a clear bullish divergence forming on the BTCUSD 4hrly chart. I have also included a previous chart that recently showed 2 bullish patterns (refer to link). Its the weekend. Better to observe first and check if by the opening of CME futures on Monday there are any gaps. If there are gaps that require the price to move...

mdyassink

Hi everyone. Just wanted to provide some more information and to offer some clarity on the type of divergence pattern that has formed and is potentially still forming. There are actually 4 types of divergences and here is typically what we look out for: Regular Divergences 1) Bullish Divergence - Lower Low in Price + Higher Low in RSI - This usually occurs when...

mdyassink

BTCUSD is having interesting price movements within these 3 channels. Typically spending about 5-6 days in each channel. If it keeps to this pattern, it will be easier to estimate where the highs and corrections will be in this uptrend. If this continues in an uptrend. Ever since it bounced off after breaking out of the long-term down channel since June last year,...

mdyassink

Was looking at the weekly chart for ETHUSD and noticed that is the price keeps moving upwards to the 360 region, a cup pattern may form. Its a very long-term pattern and many things have to happen for it to play out: a) Price must already have seen the bottom at $116+ b) Price must keep trending upwards and get a minor rejection at $360+ level. c) The correction...

mdyassink

Just wanted to share an observation. Possible BTGUSD Inverse Heads and Shoulders bullish pattern forming on the daily chart. This alone does not carry much weight however, if you look at the ETHUSD chart (refer to link below), the 50EMA is close to crossing the 100MA. Historically the crossing if these lines on the daily chart signals a possible long-term...

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We missed the bullish cross on the 50EMA and 100MA the last time it was close to happening in November last year (see link) cause the price got bearish causing the lines to move away from each other just as they were about to cross. This same scenario is happening again. We are getting close to the bullish cross happening again. To know how relevant this is, ...

mdyassink

There are 2 bullish signals forming on BTCUSD. 1) Daily candles bouncing off the top line of the downward channel (since June 2019) that we got out of recently. 2) Bullish cross of the 50EMA and 100MA on daily. Just wanted to share my thoughts and observation. Not financial advice. Only trade what you can afford to lose, nothing is 100%, ever.

mdyassink Updated 

Bull flag pattern is forming on the 4 hrly and daily. Breakout expected soon and if upward breakout confirmed this could go up to at least above 7800-7900. Many short stop losses in this region so that could be the fuel for more upward momentum from there. If this manages to form new support above 7800 then high possibility that double bottom bullish reversal...

mdyassink Updated 

Bull flag pattern is forming on the 4 hrly and daily. Breakout expected soon and if upward breakout confirmed this could go up to at least above 136-137. Short stop losses in this region could be the fuel for more upward momentum from there. If this manages to form new support above 136+ then more upside possibility. BTCUSD also has a more clearer bull flag...