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tylenisbobas

We see what appears to be a double bottom pattern on the day chart of SPX. Future will show if the breakout happens. In order for the downtrend to breakout the volume is very important.That is not the case for the uptrend breakout, since the price can fall down "from its own weight". If break happens that would be a good buy signal. But one has to pay close...

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Here is a 1day chart of US Oil ( FOREXCOM:WTIUSD ). We see a strong invert head and shoulders formation at 2015-2017. At the moment the price of oil picking up and by end of the year or beginning of next year it could reach head and shoulders target of 87. Addition to that the RSI momentum shows higher lows and 120 EMA became a strong support line for February...

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From the structure it looks like a broadening wedge formation, that could mean a continuation pattern( if it breaks the upper trendline ) From Bulkowski's pattern book: Percentage meeting price target for up/down breakouts: 79%; 36% Which mean that if we have a positive breakout 79% of the time we reach our target. That is not a trading suggestion, only for...

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BTC now has decrease in volume and increase in price that is a sign of lack of interest in the market. We are approaching the first resistance line close to 786 line and 50 EMA is closing in as well. We are in the wedge formation and accumulation of momentum, which can result in sudden drop in price as we have seen few days ago. After the brake there are two...

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Very sudden selloff in the btc have started a drop in the price. That is little bit suspicious cause previously similar change in price appeared.

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In the 1hour chart we see the exhaustion gap candlestick pattern with Volume close to zero. This pattern together with a high volume spikes before the exhaustion gap signals a reversal pattern. The price level before the exhaustion gap will not be reached in the near future and a downtrend for some time should remain.

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Last few days was emotional roller coaster for those who are doing short on BTC. But everything will be fine = bad for BTC. We are now finishing the head and shoulders formation which with full potential can send the price to the 5565 line. Also we have touched the Chanel resistance line. This worked as a perfect downtrend indicator for almost a month, 4 touches=...

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We have a single increase in price of the REPEUR. We are now at 7.5% over the days average and since all crypto market is downside, go short and you can make at least 7%. Easy money

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We are looking at 4h BTCEUR plot. So BTC fooled to be recovering and people who believed in the response lost their money. But we know that it didn't left the main downtrend and since that does not happen, the price of btc will decline even further. Now the results or the break from the previuos small bullish flag will change the price to the 5600 euro region....

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Looking of 1h chart of BTCEUR. At the 04.01 we have seen a textbook example of the bearish three line strike pattern. This Pattern shows as a combination of three descending candles which are showing lower lows and lower high than previous ones. These 3 candles are followed by the long candlestick with opposite sentiment: in this case increase in the price. It is...

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So bulls came back to buy some cheap BTC but in order for the price to go up we have to check the strength of the massive downtrend chanel wall resistance. we are in this downtrend chanel from 05.03 and bulls were not able to make it through. The market tried to run away from this downtrend channel on 22.03 and 23.03 but the both attempts ended with very brief...

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We have seen market being completely dry for couple of days. But not the price break from the bottom resistance happend and bears are back in town with 7% drop in a single day. If the full potential of the previous flag will occur the price can reach the 6800 zone. But volume increased 7 times and we see small morning star Doji which indicates that buyers now ...

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So the break out from the bottom resistance line happend and caused drop of 7% in price. If the full potential of what looks like a bear trap flag happends, we can end up at 5500euro level in next couple of days. We also see sudden increase in volume and a morning star type candle stick which signals that bull also woke up and contributing big part of volume as well.

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From previous post we see that the wedge pattern holds and the bottom of the wedge showed a strong resistance. At the moment the price is rallying to the top of the wedge. If the Breakout appears, that would be a strong buy signal.

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BTC experienced strong drop in recent 14days with a re-bounce at 19.03 with 7360. BTC tried to test the 61.8% retrace twice and failed( on 21.03 and 24.03 ). Now we are in the wedge formation and we are about to know if bulls will take it and price will exceed the upper resistance. If price brakes below the black support line we will experience yet another price...

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BTCEUR EMA 50 have breached the support level and left the bearish trend corridor. Also MACD shows a bullish crossover which confirms a new stage in price levels. The danger area is at 61,8% fibonacci retracement which proved to be a strong resistance line for few days.