nicholas.saiz
I know my last post was suggesting, proceed with caution, but here is another perspective of BTC on the daily time frame. 1. We are forming a bullish ascending triangle, which is formed by the Kijun and Tenkan sen 2. This pattern usually results in a bull run (I have drawn an example on the chart) 3. Still recommending you proceed with caution and use a stop...
Instructions on the chart. Try to refrain from trading just to be in the trade. Best to wait until we have a high probability trade. Feel free to donate BTC: 13S4SDawAz94BnJJjrLKxnLW9kR4HrNEdG
Description of the trade are on the figure. 1. Spotted hidden bullish divergence - uptrend is highly likely 2. Waiting for bear fractal to form to confirm the uptrend 3. Exiting at the first major resistance (this is a personal target) Feel free to donate BTC: 13S4SDawAz94BnJJjrLKxnLW9kR4HrNEdG Add me on telegram @cryptopeek
Using Ichimoku cloud indicator and stoch-RSI on the 4hr scale, we can see that there are two possible scenarios, a 1) rising wedge and 2) an ascending triangle. For scenario 1) we will see minor correction to the mid-10K range, while scenario 2) can go either way. The TK lines indicate an overbought price, which pushes us closer towards a correction. stoch-RSI,...
Idea 4 Hour chart shows a potential TK cross entering at large bullish cloud. Since we can treat the bottom of the cloud as a support and top as a resistance, there is a high probability that we will extend to the upper edge of the cloud. RSI and OBV both show bullish signs, thus, a green candle opening in the cloud is likely. Entry Setup 1. Wait for TK cross...
Looking at the daily chart, it seems like we have just completed wave 2 and are making our way up wave 3. Wave 2 bounced off the 0.712 Fib level, which also indicates that wave 4 will potentially be short. I have assumed a 1:1 extension for wave 3 and that wave 5 will end at 1.618 : 1 (relative to wave 1). LTC: LiSpJ8gc12vtHeCqGS1goeT8D6d1iGY5Sp BTC:...
Chart shows the descending channel and its corresponding corrective wave pattern. We ended up in a double zig-zag and are now in our final descent to a target buy in of $8.9K This target is also supported by the previous resistance, now turned strong support.
Here I have been looking at ETH trying to determine where we are in the EW count. I have started by plotting the 5 subwaves and ABC corrective waves. Next, I plot the wave 1 and 2 and use fib extension to estimate wave 3 and 5. ETH his a good long term buy and I plan to hold for a while. Feel free to donate if you are enjoying my contributions. ETH:...
See reasoning and targets on the chart. Disclaimer: Noob. Not financial advice. Do your own research!
I have been following pro traders and there are two theories flying around 1) BTC is bullish, thus we are in an uptrend and 2) BTC is bearish and we are still down-trending. I am leaning towards bearish at the moment. If we look at BTC from the macro scale (others are currently looking at 15min scale), we see that RSI is overbought, EMA is converging with 55...
See chart of REQ. Any feedback is appreciated since I am a noob!
Looks like DGD is indeed forming a cup and handle.
Watching DGD and practicing my charting. Anyone else feel this might be a possible parabolic trend?
I am just practicing as I find TA quite interesting.