AMZN stock broke out with a wild run from the ascending trinagle, stock added $57 price to the last chart price to create a new ATH. Straight up LONG position to 1900,volume looking aggressive to keep this going.
XRP is been accumulated at this strong support price of 70, an indicator for possible up swing trade on XRPBTC. This accumulation may take few days before breaking out of the symmetric triangle trend reversal. Price resistance @ 80 and 90 are aligned with Fib. lines @ 0.236 and 0.5 respectively.
ETC going for the next Higher High price in 4 hrs uptrend channel, first resistance (R1) is sitting @ 2845, if volume plays out well second resistance price (R2) will be at the edge of the uptrend resistance trend line with price of 2979.
Hi Mates, Once again the bears have successfully failed the penultimate bullish pattern i.e. Inverse H&S on BTC. And right after this, the questions and thoughts on the mind of majority of crypto traders will be what next? and where is the next stop price, respectively. Yes! The inverse H&S bullish pattern failed after that stretched consolidation on the...
There are rules governing a inverse H&S , let's check if the current BTC chart pass the criteria for a well formed Inv. H&S: Price reversal (PASSED): Price must have something to reverse, so if the decline leading to the pattern is small, expect a small rise. Confirmation(UNCONFIRMED): The pattern confirms as a valid one when price closes above a...
There are rules governing a inverse H&S, let's check if the current BTC chart pass the criteria for a well formed inv. H&S: Price reversal (PASSED): Price must have something to reverse, so if the decline leading to the pattern is small, expect a small rise. Confirmation(UNCONFIRMED): The pattern confirms as a valid one when...
SC found a mini bottom plus strong support at 160 twice under 15 days on 1 day chart, price just broke the neckline of the mini double bottom. A clear confirmation of double bottom and good long entry price. First major resistance is sitting at 213-215, with a healthy pull back to 195-200. If the trade volume bar is raised as expected with some FOMO, price have...
The first candlestick formation to the left in the circle indicates a downtrend price reversal movement. The second weekly green candlestick to the right in the circle always mark the beginning of a strong buy season after long sell pressure, just like it occurred in April. Stochastic RSI on weekly also showing bullish signal with the turn up. The last turn up...
TESLA, was a easy Long and Short stock for the past 1 year as the stock price keeps ranging in between $300 and $360 comfortably. But, this time around the $360 resistance price may broken with the release of the new Tesla Model 3. twitter.com twitter.com @Cryptothought t.me/cryptohubmates
BTC continue show strength over time, today happens to be a neutral market for crypto market contrary to the belief that there is always a bloody Monday, after bullish weekend. BTC is maintaining an uptrend with Higher High, and Higher Low price movement. The next price action movement is quite similar to the first "Bullish Flag" pattern play that occurred 7...
Those candlesticks are meant to signal a stable uptrend,plus the crazy volume attached to it. Goodluck!!
Hi Mates, The week started on a good trading note, and the BULLS keep on proving they are back for good,congrats! The last Inverted H&S pattern is playing out as expected with break out of the neckline about to be confirmed around $9400 price, if this break out finally takes place. We should be rest assured of $9800-$10,000 soonest. $10,000 should be a...
Hi mates, $9000 resistance seems to be doing us some favor in disguise, there is a small Inverted H&S building up on 4hrs chart, the small inverted. H&S will be confirmed at $9200-$9400. And once this set up is completed, we have an inverted. H&S target to a price in between $9800-$10,0000 which give us the confirmation for the huge inverted H&S play out on log...
Hi mates, I told you earlier the $8890-$9000 will be a big deal of resistance price of BTC 2.99% , and we are getting closer to that price. BULLS are pushing the price faster and farther, better to have your eyes on the $8890-$9000 price as the chart is sitting in a broadening formation,right angled and descending pattern, which could trigger some BEARS come...
Hi mates, I told you earlier the $8890-$9000 will be a big deal of resistance price of BTC, and we are getting closer to that price. BULLS are pushing the price faster and farther, better to have your eyes on the $8890-$9000 price as the chart is sitting in a right and descending pattern, which could trigger some BEARS come back in form of H&S highlighted in...
Hi Mates, BTC is still doing good and looking healthy for farther push up, yesterday's bullish rectangle pattern finally gave a strong push above the green resistance line and may be heading for target price around $8500. Thereafter, a little bit of correction will take place. Then the big push to $900-$9200 should happen, $9000 will be a hard resistance price to...
Hi mates, The BULLS have proven their resiliency so far so good. They have resisted the price falling below $7750, and they keep getting back at the BEARS surprisingly. BTC is consolidating in a rectangle trapped in between resistance price of $8200 and support price of $7800, with this we have a bullish rectangle pattern forming up and that could lead us to a...
Hi Mates, Yesterday expected bearish flag was nullified by the BULLS by HODLing BTC on a strong support price at $7900 price range. And BULLS switched the bearish flag to an inverted Head and Shoulder to squeeze short, I believe that was a good bear trap game by the BULLS. Normally, price reversal should follow an inverted H&S pattern. So, with this I expect a...