myka

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Dear traders, Recently, it has been a lot of hype on the internet about the "confirmation" of the bull market for bitcoin. Guess what happens when literally everyone is biased toward one outcome? Market does the opposite! Below is my view on the bitcoin price in the coming months. First of all, the price has formed a clear upward channel where the bounce is...

myka

Hello traders, The price of bitcoin has clearly formed a range between $8400 and $10000. It seems that many retail traders are awaiting the next price dump and this idea is spreading accross the internet. My current view on the market is as follows. We are seeing a clear consolidation in the above mentioned range with a couple of strong sell-off marked with black...

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Hello all, In my last posts I mentioned that BTC could go to 10.000 and above after the breakout from a triangle. Also, I mentioned that at those high prices it is not a good idea to buy because the price has gone too far already. I did not expect such a strong dump though. My stop-loss was triggered at 9100 and my entire position that I entered at around 7200...

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Hello traders! I looked at S&P 500 out of curiosity and realized how nicely the sell setup has formed on the chart. After a strong drop of more than 30%, the price has retraced and slowly consolidated below 0.618 fib level. This level historically is quite strong and on the larger moves plays out well. We have seen that recently the price failed to create higher...

myka

Hello traders, I would like to share my idea on XRP/BTC. Although I am not a big fan of trading Ripple, I believe that the current setup may introduce a nice opportunity for a short-term buy. While bitcoin approaching 10.000 and I think it will spike above it before the drop, many alts show bullish setups on altcoin/btc pair. The recent red candle was quite weak...

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Hello traders! Below is my idea about trading opportunity for next week. If you have missed the pump, I strongly recommend to not buy now (take a look at my previous analysis in Related Ideas). After seeing a strong pump and tons of bullish sentiments on the internet, I think this is just not the right time buy. Price begins to consolidate and we might see a...

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Here is my view on the short-term buying opportunity for Brent Crude Oil. Since the recent sell-off on the markets, many retail traders became biased toward the bearish scenario in the near future. Despite that, many instruments show quite significant gains and provide us with the nice trading opportunities. Remember: the price itself does not matter in...

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What is more important for you when you place a trade? I am sure that the majority of retail trades answer that buying low and selling high is the Holy Grail in the market. Of couse, this is the whole point in order to stay profitable. Also, for some reason many traders ideally want to buy at lower prices rather then buying at 10-12-15k and it does make very much...

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Here is my view on Bitcoin Cash vs BTC for the next few months. After ranging for half a year between 0.025 and 0.034 followed by a breakout through resistance, the price has found its support between 0.030-0.035. If we do get a bullish confirmation in terms of a huge green candle that goes +15% or +20% up then it will be a great confirmation for bullish...

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Hello, In the short term, we can have a good opportunity for buying. However, in the long term, I think we can easily break through 140, perhaps even sub 100. Similar to my analysis on ADABTC , I do think that we may still see a significant downtrend in the next weeks or months. GENERAL RULES TO KEEP YOU SAFE: 1. Do not risk more than 2-3% per trade! 2....

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My thoughts on Gold. I believe it pushes once more perhaps to 1600-1650 as the buying power is still strong. If it happens, we might see these levels by the end of November or a bit later. GENERAL RULES TO KEEP YOU SAFE: 1. Do not risk more than 2-3% per trade! 2. Always use stop-loss! 3. Do not FOMO! 4. Do not add to a losing trade THIS IS NOT A FINANCIAL...

myka

Hello, My last analysis was invalidated by the fake breakout candle and the price eventually went in the desired direction. Anyway, since the structure has been broken, my thoughts have shifted more towards bullish case. We have seen a strong impulse when the price surged more than 40%. Generally, the second and possibly the third impulse follows such strong...

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Here is a quick update on my previous analysis . Last time I mentioned that I was expecting a sharp fall after the spike on the Oct 11th. Unfortunately, it might not happen at all. The sideways movement took too long time and I think that we might witness a short-term uptrend. Ideally, I would like to see it above 9000 before another drop. If you like to...

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Hello there! In my last post on BTC, the idea was that the retracement after the massive drop would take 1-2 weeks and the price goes to 8500 (later changed to 9000) before another journey south. From the current market condition, it looks like the recent spike was a nice manipulation to stop out high-leverage short positions and trigger people into buying. It...

myka

Hello everyone, XRP can either spike another 10-15% up and then fall or show an insignificant "breakout" to let people in before the dive (please consider the third option of simply falling from the current level). Here is another chart analysis on Ripple that I think is highly probable to occur. Recently, a lot of talks has been happening about the alt season....

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My thought on Tesla. Looks like the range between 180 and 280 is holding the price quite well. I guess the next possible move is the continuation towards 280$ by the end of the year. Let's see! 1. Not financial advice - do not follow it if in doubt. 2. Do not risk more than 2-3% of your account 3. Do not FOMO! 4. Always use stop-loss!

myka

Hello! Short-term targets: 700-750. Long term (2-3 months): 250 I do think, like many other traders here, that many altcoins, including ADA will go up in the short term. But, unlike many others, I really do not think that the Alt season is about to begin. In the next few weeks, I expect the price of ADA to rise to 700-750. At these levels, the 0.38 fib...

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Hello there! 1. Do not risk more than 2-3% per trade! 2. Always use stop-loss! 3. Do not FOMO! 4. Do not add to a losing trade I would like to share my first post about the possible BINANCE:BTCUSDT move in the short term. THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. My global view on the current market condition is...