mikedargham

mikedargham

On the 4 hours time frame the price just closed below the support of that bear flag. This es very bearish sign which indicates even lower prices. The price targets are scary. If we take the price target for the bear flag it's aroun 20600 but that doesn't mean that we are surely going there.

mikedargham

After the news about the inflation today there have been a huge dump in financial markets in general. This resulted on BTC breaking below this triangle and is expected to go lower and im taking that as an opportunity to go short. NOT FINANCIAL ADVISE!!

mikedargham

On the 30 minutes chart I just got confirmation for this symetrical triangle and it's legitimate so I'm personally waiting for a breakout before entering any trade. PATIENCE IS A KEY THIS DAYS.

mikedargham

Don't get too excited on btc that it's back to 30k. There's no volume in the market so I'm expecting that to be a fake out and we might go back to mid 29k or these levels today.

mikedargham

On the 15 minutes chart of BTC and after the rejection off the resistance line a bear flag have been formed and we might head lower if we broke down. TRADE SAFE!!

mikedargham

On the 4hours chart of GMT we are coming to the end of the descending triangle. I'm personally wating for the close above because it might be a fake out.

mikedargham

On the weekly chart of BTC the price is still in the falling wedge which assure us that we might see the 35k area before heading back down. I've already talked multiple times about that area and it's very important for the price to visit it before going back down. The falling wedge is a bullish patterns that breaks to the upside 7 times out of 10. TRADE SAFE!!!

mikedargham

The price of BTC saw a huge dump off a the resistance line that I told you about yesterday saying that there is no volume and a bearish divergence. Just now we confirmed a bear flag on the 15 minutes chart by perfectly holding the support line. Yes it's a bearish pattern but we are on a support I personally think the price will go lower but waiting for...

mikedargham

On the lower time frame of BTC (15 minutes chart) we can see the price forming higher highs and the RSI indicator forming lower highs. Thats a bearish divergence and we are at a major resistance so we might see a little pull back. Trade safe and wait for confirmation.

mikedargham

We just saw a huge pump in the price of BTC. Don't get too excited just yet because the price entered a major resistance zone breaking it will take us to 34-35k. Taking a look at the volume it's low so that's a sign that we might not break through that resistance zone

mikedargham

On the 15 minutes time frame of BTC/USD a bullish divergence is forming where the price is forming lower lows and the RSI indicator is forming higher lows. I'm expecting a little bounce off that range but overall I'm still not taking long positions because I'm not yet bullish on BTC my analysis is that we might see a bounce but we haven't bottomed yet and heavy...

mikedargham

On the 4 hours chart of XRP the price have been inside this trangle for 17 days and we've just closed the 4 hours candle above that resistance line, I'm expecting a retest before going up.

mikedargham

So lets start with a quick recap of today's movements. The price broke the 30400-30650 resistance resulting a pump in the price. Moving on to the analysis, the next resistance that we have is the purple box (31300-31800) breaking that resistance will result in a bullish movement. I already spoke many days ago that a pullback to the mid 30's is expected and that...

mikedargham

On the hourly chart of BTC we can see a descending triangle forming which is a bearish pattern. For safer trading in this market we have to wait for a break out and a probably a retest

mikedargham

the price broke bellow that triangle and retested successfully. Breaking the 28800 support will lead us to 27990.

mikedargham

On the daily chart of FTM we are seeing a rejection of the resistance line of the bear flag which may indicate a continuation in the down trend

mikedargham

On the hourly chart of BTC and after the big drop in the price, a bear flag is forming which most likely indicates a continuation of the downtrend

mikedargham Updated 

On the 15 minutes chart of shiba we can see that a left shoulder have been formed and the head. I'm still waiting for a confirmation of the right shoulder then that could be a long opportunity.