Hello guys from another world! first time to analyze OIL! It is clear that we've been in an uptrend from early 2016, and now we had a touch down to the trend line once more this week. But what worries me here is the prior high, which makes a cute double top here and also a dangerous looking divergence on RSI here. There are also similar bearish signs in DJI. Right...
These are the options for BTC in mid-term: 1. we continue the range movement till early 2019 and hit the rising orange trend line, and then BTC turns bullish again 2.we break down of the bearish triangle. in this case, either BTC falls to 4500 to 5000$ and again, touch the rising orange trendline and become bullish again(which is called a failed breakout of the...
we have a bearish flag here. any upward movement will face resistance in 50 EMA(yellow). short if price break below the triangle and prices move lower than 200$. if we break above 50 EMA and hold for a few hours, the flag pattern is rejected. The price target for this flag is actually 10$ if we sink below 167$. if you notice in early 2017 we had a very sharp move...
Buy= 220$ TP= 280$ top of the bull channel stop loss= 209$ however, keep close attention to the orange trendline there is here, if price reverses down from it, exit with present profit.
buy at current levels. I have drawn where you should take profit. stop loss is below the rising trendline. Good luck
BTC has been in the triangle since February and now it's getting tight, which is driving me crazy. there is no clear direction for it right now and this is why beginners shouldn't trade in a tight trading range. we broke out of bear flag so a retest of upper line of triangle is likely, so we're headed to 7200 to 7000$ right now. at the same time I expect ETH to...
we have a bear flag, and a bullish divergence. if price breakes below 250$, means bears overwhelmed bulls and next target is 140$. if we stay above 350$, first target is 450$, if we break it, next target is 820$. don't trade in a trading range, and wait for a confirmed breakout.
ok this one is simple. we are headed to 7500. then either we break the daily triangle i have drawn and will have a retest of 12k; or the flag pattern does its work and we go for a retest of 5.8K which is more probable. Keep close attention to trend lines. they tell we where will market go in the future.
Hello guys, as you can see we are in a downtrend channel. we had a failed breakout from the bottom of the channel and there is a cute MACD divergence in daily time frame. aggressive traders can buy from here and target 1$ with is the top of the channel line. if you want to trade safely you can wait for breakout of 20 daily EMA for entering long positions.
we're in the brink of a large movement, up or down. either it's a flag and we can get a measured moved down to 100$. or we get a reversal inside this triangle and move up to 450$. keep close watch on the drawn R/S levels.
Falling wedge, just happened earlier. we also have a bullish divergence on MACD. but there is a possibility of a new low and a 3rd tough of the lower band. Longterm it seems to be bullish
hello guys, i have drawn the trend lines here, it's pretty simple we are in a falling wedge here which is a bullish sign, and wedges often end with a 4-time touchdowns, which we had recently. yesterday we broke out of 20 EMA which so we probably are going for a retest of upper band of the wedge, if we break it, 12k is possible in the near future.
you see this sexy divergence in MACD here? I f*ing love it! if we hold on to this prior low and don't break down, we can buy for big profits, i didn't draw trend lines here, they are very important and you should keep an eye on them because in the rally up we may see a reversal and if that happens don't forget to take profits. don't get greedy.
as you can see we are in the trading range which looks like a triangle. we rejected fro 20 ema so we will have a retest of the lower band. the high probability senario is that afterwarrds we will see a bullrun to the upper channel. the low probabitliy senario is we break out from the lower band and make a new downtrend channel. if you look at current price action...
just like Al Brooks said, 90% of the time there is a 60-40% chance in trading, so even the best traders lose 60-40% of the time. we are not going to see the future with the charts or force it where it should go, we only want to trade in the direction of the the trend and mass psycology. there are 2 possible senerioes on ETH right now. either it has build a bear...
we broke the flag right but as you can see we have a bearish divergence in RSI and the rest of the market is not following BTC right now like ETH and XRP. there might be a bull trap here
So yesterday BTC confirmed the lowerband of the triangle as resistance and now we are headed down.The actual target of the broken trinangle is 1.2k. Im fully bearish on crypto right now, there are 2 main support levels from here one is at 4k if that if it can not hold we can see BTC down to bottom of the weekly channel line at 1.2k, which if holds is a great long...