mikedargham

mikedargham Updated 

As we spoke earlier today the price is playing below the read line. Now a bullish divergence have formed on the 15 minutes RSI where the price is forming lower lows but the RSI is forming higher lows. NB if the rsi broke the support than the divergence is invalid.

mikedargham

On the daily chart of btc there isn't new things to be said. The rising channel have been broke and we've hit a new low by breaking January's low. My swing trade entry for BTC will be around 29700 which we haven't broke since over 490 days. And if we take a look at the chart every time we've hit that price level we turned bullish and hit a new ALL TIME HIGH.

mikedargham

As you can see yesterdays trade hit the target and now we are playing below the red line which we tried to break but couldn't retest. If the price isn't able the break the line then we are heading lower and if the price broke the line and retested successfully then we might see a reversal

mikedargham Updated 

After the huge drop that we've seen in the price of BTC, its forming a bear flag which indicates a continuation in the price movement

mikedargham Updated 

Shiba is also forming a bear flag which indicates a trend continuation and the price target is around 0.00001780

mikedargham Updated 

The price of ETH is likely to drop further into the golden zone after the bear flag is broken.

mikedargham

As I already said, a rising wedge is forming for GMT in addition to a symmetrical triangle drawn in the red lines

mikedargham

On the GMT hourly chart, the rising wedge is still in play. We haven't seen a break of the support yet. When the price breaks the support, its target will be 15% bellow the breaking line.

mikedargham

Following all the crypto market, ETH is also dropping. A huge support have been hit, it haven't been broken for over 100 days and now we are entering into that zone. For an entry reason I need to see buying pressure and hopefully a reversal chart pattern. I'll keep you updated on the price!!

mikedargham Updated 

A bullish divergence is forming on the BTC chart where the price is forming lower lows and the RSI is forming higher lows

mikedargham

After breaking the falling wedge waves might go back to retest before going parabolic if all goes well

mikedargham Updated 

if you've been looking at the market today, you saw a huge dump in btc where the price ranged from 38k to 35.5k in around 15 minutes. That chart explains it all. The price hit the resistance of that falling channel on the daily time frame which we've been in it for 27 days now. that falling channel may indicate a reversal in price if we broke upwards or could...

mikedargham

A bullish divergence is forming for the S&P 500 where the price is forming lower lows and the RSI is forming higher lows

mikedargham

After hitting a new high since years, the DXY may see a reversal and that's why. The market became over sold on the RSI indicator along with a DOUBLE TOP forming and if we take a look at the MACD indicator the lines are very close to crossing bearish. We don't have a confirmation for the price movement for now what I want to see is a big red candle closing...

mikedargham Updated 

After seeing a huge dump in the market, KNC may see a reversal (double bottom) Why you ask? the market just wen over sold and the first bottom has been created but that isn't a sufficient reason to open a long position. That's why I'm waiting for the price to get back into the purple rectangle and close above it plus an entry reason(it could be a big green candle...

mikedargham Updated 

As you can see I have a short position. why? after breaking out of the falling wedge btc is most likely to retest the resistance as support.

mikedargham Updated 

As you can see on this 1hour chart BITCOIN /USDT tried to break the falling wedge but couldn’t so now we have two possibilities for the price . The first one: Bitcoin could go back to around 37500 and to bounce back to 38700 and if it had the power to break through the falling wedge we could see a very bullish signal. The second one: Bitcoin could break the...

mikedargham Updated 

On the bitcoin/usd 4hours chart, the falling wedge is coming to an end which is very bullish with a target around 44k or maybe beyond that. At the same time looking on the RSI its forming higher lows and the chart is forming lower lows that indicates a reversal and the weakness of the bears.