1) Cryptocurrencies: Highest Risk, Highest Return :-
There are 3 main types of Cryptocurrencies in the market now which are the most actively traded – Bitcoin, Ethereum, and Litecoin. Think of this as a new version of a stock, where the underlying thesis is the idea of decentralized ownership and value. For any other currencies in the market, for eg. USD , it...
For the same fractal previously my analysis went wrong, because this wasn't a perfect match. But the current chart shows perfect matching of fractal from the month of May- July matching with mid Nov -present.
I my previous post I also mentioned that BTC is bullish so their is a possibility of failure of analysis and that actually happened.
In the current...
FLAG = Impulse + Correction
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After a significant drop in Bitcoin price , the price is in a correction wave.
What makes the chart interesting today is that:
. Bitcoin is likely to challenge the 18042 ~ 18227 resistance area.
. A break above 18227 could push the pair to the 19487 area .
. A resistance rejection ,...
Inverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly...
In my previous analysis I talked about The falling channel Bitcoin was in. However when I took another look at it, it looked more like a falling wedge. This does not make any difference in the outcome of the price but this shows that TA can be subjective. But that is not what I wanted to talk about.
Falling wedges and channels are my favorite bullish trade...
Here in this tutorial/analysis we'll look at accumulation which happens before a next Big leg-up. You can find notes on the chart itself, I'll just explain what happens in terms of Thrust and Momentum during these accumulation phases. White line is line of bears and it measures the momentum (Price difference divided by time taken) of the move while its slant-ness...
With the growing bitcoin dominance in the cryptoverse, altcoins are facing the fate of Bitcoin’s price action . In the year 2019 value of Bitcoin is more than tripled amid the positive outlook and some mainstream adoption of Cryptocurrency. With the announcement of Facebook’s Libra the market started climbing. The Bitcoin price surge to $13,000 and other...
HOW TO EXIT THIS TRADE ?
THERE IS NO TARGET ON THIS TRADE ITS RATHER BASED ON TREND FOLLOWING SYSTEM .
WE HAVE TO CONTINOUSLY SHIFT OUR STOP FOLLOWING THE TREND .
FOR EVERY PRICE MOVEMENT SHIFT YOUR STOP UP UNTIL ITS BREACHED .
HOW TO FIND THE STOP ?
STOP = CMP - 2*(ATR)
FOR EXAMPLE ON THE CURRENT DAY :
CMP - 253.45
ATR - 8.3
STOP = (253.45)...
Good Day LOVE... And it is...
(Note: This is the analysis that I shared before Bitcoins breakout)
Hit LIKE and we start with some phrases coming out of the money people in this reality... And these people have lots of money; let's see what they have to say to newcomers like us (crypto-traders):
"Bull markets are born on pessimism, grow on skepticism,...
We already have trended down significantly for a couple of days now.
Price getting reverted to 200 MA on '4hr' time frame is likely before going down again to test 200 'weekly' MA.
Long entry on Bitmex (XBTUSD) : 3270-3380
Target 1 : 3700-3800
Target 2 :4100-4200
Target 3 optional : 200 MA on 4 hr timeframe