 The price on a large scale remains in a long-term bearish channel since the beginning of the summer. It seems to continue fluctuating inside it. I'm rather bearish , even regarding short-term bullish impulses. till the upper border breakout. |
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BTC
The inverted head and shoulders didn't play out the way I wanted so I closed my long position. Interestingly the support is forming at 7400 as many times before. I'm waiting for breakthrough at either 7350 or 7680 to short or long respectively.
Yeah. Lately the prices are extremely lacking logic. I consider almost the same lvls to be significant for further breakouts. |
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BTC is still in the channel after a pump. I believe if it remains above $7400 there are chances it will grow, specifically if it crosses $7650. Otherwise, the bearish rally is likely to happen.  |
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BTC is still in the channel after a pump. I believe if it remains above $7400 there are chances it will grow, specifically if it crosses $7650. Otherwise, the bearish rally is likely to happen. |
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Amazing. This is one of the rare times the crypto asset price acts exactly according to technical analysis! Flag bullish vreacout to the $156 lvl and further rebound from the resistance line.  |
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Amazing. This is one of the rare times the crypto asset price acts exactly according to technical analysis! Flag bullish vreacout to the $156 lvl and further rebound from the resistance line. |
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I opened a long position earlier today at 7427 because Bitcoin broke 7400 resistance as you suggested. Another reason for this move is beautiful inverted head and shoulders pattern which is very bullish signal. Pattern can be seen on a screenshot bellow. I hope it's not a bull trap. I have a stop loss at 7459 so I will close with minimal profit if Bitcoin says f*ck your TA, I do what I want  My first goal is 8100 and second goal at 8700. The 6849 sell order is a Stop Market order. If it crashes to 6849 it's going way down so I'm shorting there. I don't think it will happen though.  It's typical of BTC to go crazy and abuse any logic lol Interesting view. Do you act at this timeframe? I mean not using others |
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 XBTUSD price has been experiencing the downwards tendency for several month already. The decline in Novemner was one of the most substantial recent movements that resulted in $7400 support level breakout and further rebound from the bottom border of the downwards range. Currently, the price is consolidated around $7400 level with the potential to retest. If so, the further price targets are the bottom border of the range (yellow line) and then $5700 level. On the other side, if the resistance is broken out the price is likely to test the upper border and the level of $8500. |
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XBTUSD price has been experiencing the downwards tendency for several month already. The decline in Novemner was one of the most substantial recent movements that resulted in $7400 support level breakout and further rebound from the bottom border of the downwards range. Currently, the price is consolidated around $7400 level with the potential to retest. If so, the further price targets are the bottom border of the range (yellow line) and then $5700 level. On the other side, if the resistance is broken out the price is likely to test the upper border and the level of $8500. |
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BTC price after strong breakouts of $8000 and $7800 levels (the ones of declining trend) faced a strong support of $7400 and rebounded from this level, making the price consolidating above it. Just closed my modest short trade at $7550.  After short trade didn't open any positions yet. Waiting probably for the bull rally in long term due to halving tendency and this beautiful forming double bottom pattern. Major support is $7400. Looks like last resort for $BTC.  |
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BTC price after strong breakouts of $8000 and $7800 levels (the ones of declining trend) faced a strong support of $7400 and rebounded from this level, making the price consolidating above it. Just closed my modest short trade at $7550. After short trade didn't open any positions yet. Waiting probably for the bull rally in long term due to halving tendency and this beautiful forming double bottom pattern. Major support is $7400. Looks like last resort for $BTC. |
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While the market continues its strange behavior, I continue not caring. Sometimes this strategy makes you more efficient.
The guys below help me not to care a lot 👌😁
Ye, it's a good motivation.  What do you think about something similar to the falling channel on the BTC 4H chart? It can give us $8300 and the next $7800. What do you think can exist in such a scenario? BTC movement in the last 2 weeks completely fits in such a figure. Indeed it does. However, I'd rather see the consolidation of the price at the current levels (about $8000 currently), and do not exclude the decline to $7800. But in more long term and several fluctuations. |
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Its so amazing and inspiring how dedicated trader you are now. Personally I'm not really that have much time to concentrate on trading. Its really interesting and inspiring to do it full time but I think I'm not ready yet. I do trading a little and just leave it for the meantime. My question is how can you keep up the enthusiasm in trading?
Thу hobbie just became my life. I feel that I have no limitations. In trading I'm a boss of my own, I'm my personal educator. During bad times I keep in control of my psychology and comply stricktly with risk management. Thus, I always know that the market will keep moving always and even if now I fail to gain I will survive and gain more. My advice is to read disciplined trader by Mark Douglas. This is what happens with the brain when you become a professional trader. |
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Some thoughts on Ethereum price movements
Ethereum price experienced an upwards trend in a triangle since the end of October. On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180. This weekend the price again was back to the former support and formed the retest pattern so far. The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area. In case of the bullish pressure. $195 would be the target.   RETEST TRADE Look at that nice retest. The projection came true, +3.5R gain. |
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Some thoughts on Ethereum price movements
Ethereum price experienced an upwards trend in a triangle since the end of October. On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180. This weekend the price again was back to the former support and formed the retest pattern so far. The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area. In case of the bullish pressure. $195 would be the target. thats simple analisys using line and few indicators only. This way give us big picture for market movement. This strategy analize the seller or buyer behaviour in market that decribed with these tools. Most of beginner trader trapped in indicator and they forget about price action analisys that represent market movement and trend. Next i want to share my analisys based on support resistance technique. Totally agree. Would be interested to discover your view of the market! |
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RETEST TRADE Look at that nice retest. The projection came true, +3.5R gain.
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Some thoughts on Ethereum price movements
Ethereum price experienced an upwards trend in a triangle since the end of October. On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180. This weekend the price again was back to the former support and formed the retest pattern so far. The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area. In case of the bullish pressure. $195 would be the target.
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Hi @Mark
How do you think the ETH price will be affected by the upcoming fork?
AFAIK there are 2 cases: if the fork is perceived as potentially dangerous to the network/blockchain integrity, people sells en masse during the few days before the fork.
They wait to see what happens after the fork. If it goes well then everybody buy back.
Conversely, if the fork is perceived as beneficial and safe, people buy more as the fork approaches.
Hello Lionel! These are some thoughts on Ethereum price movements As for the fork, the targets imo are staying the same (will renew the chart), no huge impulses are projected. Ethereum price experienced an upwards trend in a triangle since the end of October. On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180. This weekend the price again was back to the former support and formed the retest pattern so far. The price scenarios are 175 lvl eventually in case of bearish pressure. For now the volumes are low, but personally I do not expect strong bear rally. Rather expect some consolidation in the current area. In case of the bullish pressure. $195 would be the target. |
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While the market continues its strange behavior, I continue not caring. Sometimes this strategy makes you more efficient. The guys below help me not to care a lot 👌😁  |
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While the market continues its strange behavior, I continue not caring. Sometimes this strategy makes you more efficient. The guys below help me not to care a lot 👌😁 |
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