Well we are here finally! After 140 days of frustration and demoralizing claims for $1000 $500 or even $0, Bitcoin is finally testing the 1W Resistance. The Resistance which before the November sell-off, has been sustaining Bitcoin as a Support above the 5800 level.
How important that test is? Well it's vital. Two reasons:
Firstly because it meets with the MA50...
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Hows it going everyone!?! Back again with a trade idea for you!
I Placed long entry with leverage over on BitMEX expecting some large profits off of
this trade plan to take profit according to resistance levels ultimately closing my
remaining position at last resistance. I will keep you informed on this trade!
Feel free to...
Asset: XAGUSD ( Silver )
Sell Stop Entry Price:15.000
Take Profit: 14.00
Stop Loss:15.60(we will reduce the stop loss points once positions will be more favorable)
(we can adjust (limit, close or even reverse) the position before this price level is reached)
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DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
Don't tell me I didn't warn you on March 8th about this first break out! The fractal was there:
However, those who missed this week's huge spike on Bitcoin shouldn't worry. Based on the 1D RSI another pull back should be coming soon.
As seen on the...
Nothing flashy here. I am just comparing XLM's 2017 cycle with the current one. Even though the duration/ horizons are different, the principles of market psychology stay the same.
We see an aggressive sell-off initially over -80% followed by a first period of consolidation leading to the final sell-off (around -70%). Stellar seems to be on final stage of the...
Well you can't say you weren't aware that today's red candle was coming. All the signals were there and I tried to put them into context for you:
Either with the 1D RSI
- or -
The 1D MA200
Today is no different and I have another indication showing why I am waiting to buy more lower ahead of the new bull cycle.
On the 1W (weekly) chart, the RSI reached 58.000...
Don't get carried away by the recent price action. XRP is simply copying the pattern of the 2015/ 2016 cycle. Based on that we less than 5 months away from the next mega bullish break out that has first target the previous All Time High.
Keep it simple. It is a cyclical process.
After my last BTC idea on a possible 30% pull back attracted extremely high interest, I decided to post yet another analysis showing why a pull back at this stage is much more likely than an extension of the uptrend.
Based on a fractal comparison with the 2015 price action during the accumulation stage after that cycle's bottom, we see that the price crossed the...
Despite the fact that Bitcoin has (most likely) reached a bottom, the bear market hasn't officially ended. Although traders call the current phase the "Accumulation/ Distribution" stage, it is still an extension, even though the final one, of the bear market.
So where does the confirmation of the new bull market comes?
I tried to pinpoint this using the Mayer...
Every time DOGEUSD retraces below the 0.382 Fibonacci level after a 1D bull run, it pulls back completely, filling the gap 100%.
Why should this time be any different? The bear market on DOGECOIN lasts longer than the average crypto market anyway, so I am expecting 0.00200 next and then a rebound to 0.00300 for the new top.
QTUM looks good to buy between 520-530. Target 1 547 is standing strong for short call as well as long call. Cup will be formed. There chances cup's handle will be formed then we achieve Target 3 - 648. Aslo, QTUM is oversold on 4h RSI and MFI.
Contact me - t.meGTCGoodTradeCalls
This is the standard BLX chart used to track the candle patterns of Bitcoin from its early stages.
The pattern is parabolic and that has been discussed more than enough here. What I want to emphasize most with this analysis is the support provided by the Green Zone.
As soon as the price enters this Zone, Bitcoin makes a bottom, never breaks it, consolidates on...
I am trying to compare two sequences.
The first from February 6th to November 13th 2018. The pattern was Lower Highs (if you remember each high was on 0.618 Fibonacci from the previous one) and the 5800 - 5900 level supported this consolidation until it violently broke down - 50%.
The second is the current pattern. Higher Lows from November 28th 2018 to today...
Those who are into fractals will love this.
The RSI on the 1W Altcoin Market Cap (ex BTC) is posting a similar sequence to the November 2014 - March 2015 price action. The small dip that followed gave way to the start of the bull market on Alts.
Is this an early buy signal on Alts? Are we just 2 months away from the new bullish explosion of the...
A Total Crypto Market Cap chart with the 1W MA20 showing the points of pressure/ contact and the subsequent action.
Three contact attempts (red arrows) with the MA20 resulted into a rejection but the third has been the key as it took place after the bottom. This signals the start of the consolidation period that lasted 31 weeks. The next contact resulted into a...
Well don't blame me about the recent spike. You were warned on March 5th when I told you to buy at 4.226 on a perfect fractal recognition and target 6.500. Well ETC took off right after and touched 8.000 even!
Another perfect fractal has been spotted from the 2017 kick start...