On the above 4-day chart price action has corrected 98% since 26 dollars. Is now a better opportunity from that one published in January @ 1 dollar? (linked) At this time: 1) Price action and RSI resistance breakouts plus backtests confirmations. 2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price...
We have been expecting the Inverse Head and Shoulders (IH&S) to break-out above the Lower Highs trend-line since May 06 (see chart below) and Bitcoin (BTCUSD) dully delivered: In fact, what we will do on this idea is simply update the Bullish Megaphone of May 02 and chart it inside a more fitting Channel Up: The previous two IH&S bottom formations...
What I have here are a bunch of momentum channels piled on each other on the keltner channel oscillator. (weekly light blue, daily green, 3hr light purple) I didn't bother hiding lines from the diff time frames, which helps put into perspective each zone in accordance to the keltner channel TF price is in. IE on the weekly we're above the KC Mid Line. Same with...
On Monday, we outlined a neutral trend of a lesser degree, as implied by the daily chart. In addition to that, we observed a formation of the inverted head and shoulders on the 3-hour chart, noting the potential for a small price surge if the neckline was broken to the upside. Interestingly enough, in a broad market risk-on move yesterday, Bitcoin (BTCUSD) rose...
Logarithm. Time frame 1 week The main (long-term) trend. The idea is to understand where the price is in the main trend. Reversal zones and key support/resistance levels for work. This is what it looks like on a line chart. Secondary trend. Time frame 3 days. CHZ/USDT Secondary trend Local trend. Time frame 1 day. CHZ/USD Local trend. Pivot area.
Bitcoin (BTCUSD) started to rise again, which is very natural as it almost completed a -25% correction (normal during Bull Cycles) and closed yesterday above the 1D MA50 after two straight rejections. The situation couldn't look better on the long-term charts as well, namely on 1W where it is at a cyclical stage (ellipse on the chart) where during past Cycles it...
Positive reaction from weekly demand zone leads to the breakout of the downtrend line
Bitcoin continues to hover within the downward-sloping channel, and the trend of a lower degree remains neutral, as implied by the low value of the daily ADX and choppy price action. With these developments in place, the focus lies on support at $60,760 and $60,000; a breakout below these two levels will bolster a bearish case in the short term, especially a...
One of my sell positions for BTCUSD during the tradingview competition (up $8,200). Sell on the theory markets range 70% of the time. LTF breakdown suggest HTF continuation.
Bitcoin (BTCUSD) just completed the final consolidation phase (red Rectangle) that as per the price action of past Cycles, is the final stage before the 1-year rally to the new Top. As you can see alt coin market (black trend-line) tends to bottom after Bitcoin's rally has already started and when it turns sideways again for a few weeks. Technically alts make...
My Dear Robbers / Traders, This is our master plan to Heist Bearish side of ETHUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level...
My Dear Robbers / Traders, This is our master plan to Heist Bearish side of BCH/USD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Short entry, New Robbers who looking to join the heist they should enter after the breakout only. Our target is Green Zone that is High risk...
Coinbase's stock price has been in a downward consolidation phase since March, with a key level zone identified at $190. This zone represents previous highs and serves as a crucial support level during this period. A breach below $190 could trigger selling pressure, potentially pushing the price lower towards the open gap at $143. This scenario suggests that a...
Bitcoin (BTCUSD) broke again below the 1D MA100 (green trend-line) after the 3rd rejection on the 1D MA50 (blue trend-line) in almost 1 month (since the April 13 bearish break-out). If it stays unbroken, it is a far from ideal development as the 1-year price action has shown us that such a pattern risks making a Lower Low. The technical structure since April 08...
Last time we looked at Akash Network (AKTUSD) was on August 22 2023 (see chart below) and it followed our pull-back buy approach precisely, hitting our 2.8000 Target with ease: The coin has again started to draw attention as it broke above its 1D MA50 (blue trend-line) for the 2nd time after the bottom on the Higher Lows trend-line of the 1-year Channel Up....
Bitcoin (BTCUSD) is trading within the Rally Channel (green) with the price having already reached its bottom, making the 2nd Higher Low of the pattern. This is the very same pattern that emerged in the previous Cycle after the Growth Channel Up and took BTC to its new All Time High (ATH) at the time. Both Growth Channels had a crash event below them, the...
Logarithm. Time frame 1 week. Main trend. Maximums trend. False targets. KuCoin exchange chart. At the peak of pumping, under the bull market hype price was HKEX:1600 (OKX exchange, where there is also a significant volume of trades). This price should not be considered in TA because it was made (more than 2000$) at listing and with super low liquidity....
Bitcoin (BTCUSD) has seen a major buy signal getting triggered at the end of last month, that few are aware of. Our dominant circulating liquidity + High Yield corporate bonds formula (black trend-line) made a bottom and is rebounding, while BTC has been consolidating/ marginally pulling back. Every time this combination took place in the past (green circles),...