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Stochastic Oscillator

AUD USD AnalysisFrom the daily chart Bearish engulfing candles followed by Pin Bar. Rejection from 61.8 level. Divergence is evidence on Stochastics. From the 4 Hr & 1 Hr Divergence evidence on both Stochastics and RSI. Tripe top has formed and unable to break above the 61.8 level. Risk Reward Based on a Sell entry when price breaks out of the consolidation box and assuming a stop loss at the top of the box then; 1:3 is possible to the bottom level of structure. 1:5 is possible to the bottom of the 61.8 level leg D
Short
by UnknownUnicorn3974120
BTC Bart Fractal|Strong Resistance|Need Volume Follow Through!!Hello Traders, Today’s update will be on Bitcoins recent developments, where a possible fractal is playing out with a confirmed Bart pattern. BTC is now trading at a very strong resistant point which can only be broken with strong bull volume. Will bulls have enough in the tank to break resistance or is a retracement back to support more probable? Points to consider, - Trend confirmed Bart pattern - Local Support Respected - Local Resistance is in Confluence with Structural Resistance - RSI Neutral - Stochastics Projected upwards - EMA yet to turn bullish - Volume needs follow through The recent trend in Bitcoin’s price has been following a fractal with a confirmed Bart from local support. BTC consolidated before an impulse move down, where bulls instantaneously showed up to move price right back in to resistance. The current level that is being tested needs to break for strong bullish momentum. Local support was respected by Bitcoin, confirming the S/R flip. This signalled that buyers were strong, putting in a healthy retest of previous resistance. Local Resistance however is in confluence with the macro structural resistance. This is a very strong area that Bitcoin needs to break for continued bullish momentum. For this to come to fruition, we need strong follow through with bull volume, otherwise price will retrace back to local support. RSI is currently testing resistance in neutral territory; it is not in overbought nor oversold at current given time. The Stochastics is projected upwards, we still have momentum stored to the upside if Bitcoin is capable of breaking the strong resistance. The EMA’s are yet to turn completely bullish, the yellow EMA needs to cross the blue EMA to confirm bull momentum. Volume is very important right now for Bitcoin, we need an increase in bull volume, currently it is looking very weak. Overall, In My Opinion, local support has been tested and respected, but we do have very strong resistance levels that need to break. Volume is very key right now, like I mentioned, it does look quite weak but it is too early to tell. A retest of local support again is quite probable at current given time before an impulse break of major resistance levels. What are your thoughts on the recent developments of Bitcoin? Please leave a like and comment, And Remember, “Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
BITFINEX:BTCUSD
by AzizKhanZamani
2
TRXBTC Daily Trend Change | Increase in Bull Volume Hello Traders Two more months in the year, how time flies… Today’s chart update will be on TRXBTC, we have a potential daily trend change which is backed up with strong bull volume… Points to consider, - Trend is putting in new higher lows - Resistance at .236 Fibonacci retracement - Support held by EMA’s (EMA’s Bull Cross) - Stochastics trading in upper region - RSI testing its local resistance - Visible increase in bull volume TRX has been on the move as of late, changing its overall daily trend with consecutive higher lows as it comes into local resistance. This resistance, the .236 Fibonacci Retracement, is in confluence with structural resistance, a key area that needs to be broken for a continuation. Support is being held by the EMA’s which does look quite strong after a confirmed bull cross. This cross initially signalled the daily trend change. The stochastics is currently trading in the upper regions; a healthy retracement in the trend can come to fruition as the stochastics does have a lot of momentum stored to the downside. The RSI confirmed the bullish divergence, and is now trading in the upper region at local resistance. If this resistance breaks, is can trade in the orange highlighted box for an extended period of time, as history suggests. Volume has been a great indicator; we have had an increase in bull volume, showing that buyers are strong in this trend change. We need to see this continue for local upper resistances to be tested. Overall, IMO, TRX has had an impressive trend change with follow through; a healthy correction is not farfetched. This will cool of the stochastics and RSI indicators before another leg up, this will also allow the trend to put in another higher low… What are your thoughts? Please leave a like and comment , And remember “You’re going to learn a million things, then you need to forget them all and focus on one.” - SunriseTrader
Long
by AzizKhanZamani
ETHBTC Oversold Bounce? Key Support Area| Volume Climax Hello Traders! Hope your all enjoying your weekend, Today’s update will be on ETHBTC, key levels to watch after this initial dump, will a bounce come to fruition or a continuation? Points to consider, - Trend broke out of falling wedge pattern on the macro timeframe - Support at .50 Fibonacci - Local resistance in confluence with local top - Stochastics in lower regions - RSI currently oversold - EMA’s yet to meet price - Volume climax Bars After initial break from its falling wedge pattern, ETH topped out at local resistance before a massive dump to the .618 Fibonacci retracement level. It is currently holding support at the .50 Fibonacci level, the wicks down to the .618 level signals that buyers a strong, this area is also in confluence with local support. Resistance is where price has locally topped out; ETH needs to break this key level for a bullish continuation in the overall trend. The stochastics is currently in lower regions, no bottoming signal yet, it can stay in these regions for an extended period of time, a bounce however will have a lot of stored momentum to the upside. The RSI is currently way oversold, needs to cool off from these areas, if price holds support and moves up then the RSI will have a chance to recover so with other indicators… EMA’s are yet to meet price, it has been holding as resistance thus will add more selling pressure to the price when it meets at local support. A cross of the EMA’s at local support will be extremely bullish… Volume has climaxed, signally a temporary bottom for ETH, unless price breaks through the .618 Fibonacci within the next couple days. Overall, IMO, local support is strong here, last time ETH wicked down; it had a rally into local resistance. Bulls need to defend this key level, otherwise yearly lows are on the cards if support was to be broken. What are your thoughts? Please leave a like and comment, And remember, “Only The Game , Can Teach You The Game” – Jesse Livermore
Long
by AzizKhanZamani
BTCUSD Critical Support Area! Potential Falling Wedge?Hello Traders! Volatility is back for Bitcoin! The bear flag came to fruition (chart in link below), Bitcoin is now currently testing a critical support zone which needs to hold otherwise lower lows are at play. The chart is somewhat also forming a potential falling wedge formation, which is a bullish pattern, are we probable to see a bounce from current lows? Points to consider, - Trend bearish, consecutive lower highs - Critical support being tested - Local resistance at .50 Fibonacci - Stochastics in lower regions - RSI testing trend line - EMA’s giving price resistance - Spike in volume upon breakout BTC confirmed its bear flag formation with a decisive break with above average volume, the technical target for this bear flag coincides with major structural support. Critical support in the meantime is being tested, price has wicked and bounced of the .618 Fibonacci level at current given time. Local resistance is as the .50 Fibonacci level, which needs to be breached if we see a bull break from this potential falling wedge pattern. This will allow price action to put in a local higher low… The stochastics is currently in the lower regions, needs to cross over for upside momentum, the Stochs can stay very irrational in lower regions; we need to see a confirmed cross for upside momentum. RSI is quite interesting, it is respecting its trend line, the current third touch needs to hold, which will put more emphasis on a potential bullish divergence being at play. EMA’s are currently giving price strong resistance, they need to cross bullish otherwise we simply remain in a distinctive bear trend. Volume has had a decent spike upon this bear flag break, this confirmed that the break wasn’t false, for a continuation either way, we need to see an increase in volume otherwise consolidation may be at play at current level. Overall, IMO, if the current level does not hold, BTC is more probable to test major structural support, which is the technical target of the bear flag. If price does hold, we are more probable to test upper resistance of the potential falling wedge pattern; it all really depends on volume at current given time… What are our thoughts? Please leave a like and comment And remember, The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
BITFINEX:BTCUSD
by AzizKhanZamani
BNB Falling Wedge Breakout|Technical Target|Bullish DivergenceHello Traders! Today’s chart update will be on BNB/BTC which has broken bullish from its falling wedge formation that we have been looking at since September (chart is in the link below). We’ve had a bullish divergence confirmation with this break, now will BNB reach its technical target? Points to consider, - Trend broke major resistance - Local support is currently being tested - Structural resistance in confluence with target - Stochastics showing upside momentum - RSI respecting trend line - Volume noticeably increased - VPVR spiking in volume of transactions - Potential new higher low BNB has broken a key resistance line of the falling wedge pattern with decisiveness; this break is further sentenced with a clear bullish divergence. Price is now testing local support (S/R Flip), this level needs to hold to put in a new market structure. Structural resistance is in confluence with the technical target of this falling wedge, BNB is highly probable to reach this target if local support holds true. The stochastics are showing a clear change in momentum, there is a lot of room for bulls to work with in terms of stored momentum for the upside. The RSI is respecting its current trend line, converging from price (confirming bullish divergence), this further puts emphasis on the price reaching its technical target. Volume has clearly increased upon breakout; this is very healthy as it confirms that this is not a false break. The VPVR is also showing noticeable spikes in volume of transactions, this being in confluence with increased volume further puts emphasis on the decisiveness of the break… Overall, IMO, BNB has a high degree of probability to reach its technical target, this need to be confirmed with a respect of local support as this will establish a new market structure, putting in a higher low. What are your thoughts on BNBBTC falling wedge breakout? Please leave a like and comment, And remember, If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Long
by AzizKhanZamani
RENBTC Major Resistance Broken|Key Support Tested|Continuation?Hello Traders! Today’s update will be on RENBTC , bearish divergence into daily support, which held successfully, will we see a continuation in this bull trend? Volume needs to sustain otherwise a break of daily support can come to fruition… Points to consider - Trend bullish on 240 timeframe - Major daily support tested - Structural resistance in above red zone - EMA’s giving price resistance at current given time - Stochastics projected upwards - RSI bouncing of local support - Volume needs to sustain RENBTC has broken a very key structural resistance level which now has held support (S/R Flip) upon a bearish divergence coming to fruition, a correction was required. The trend overall is bullish after consecutive higher lows being in place, the most recent potential higher low comes to fruition due to heavy technical confluences from the .38 Fibonacci level and the daily support. Structural resistance for REN is in the upper red region, the VPVR shows a steady decline in transactions towards that resistance. This tells as that if price sustains above current support, then bulls are more probable to reach next resistance zone (red box) due to the lack of transactional resistance being provided by the VPVR… The EMA’s are currently giving price resistance as it recently crossed bearish , price needs to break above to eclipse local highs, this will then give the EMA’s a more bullish bias and support price in continuation of the bull trend. Stochastics are currently projected upwards; this tells us that there is stored momentum for a continuation. The RSI is currently bouncing of support after converging from price ( bearish divergence). It needs to break the down sloping resistance when it gets closer to its apex… Volume is very key here; we need to see a sustained increase in bull volume after this major structural resistance break to ensure that we are not in a false break. If price fails to hold above, then the whole market structure will be negated… Overall, IMO , REN has a good chance of continuing this bull trend; my only emphasis will be on volume , which has to increase to eclipse local highs… What are your thoughts on RENBTC? Please leave a like and comment And remember, “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
RLong
by AzizKhanZamani
Local Top| ABC Correction? Oversold Bounce?Hello Traders Today’s chart update will be on WEED – Canopy Growth Corporation – is the local top in and are we in an ABC correction? We are more probable to be in for an oversold bounce due to the over extension of indicators. Points to consider - Bear trend established on 240 time frame - Local resistance at $38 region - Local support at $25.50 region - Stochastic in lower region - RSI oversold - Volume Declining rapidly WEED is more probable to be in an AB correction after an impulse wave 5 being completed. The trend is bearish as it has failed to make a higher high, negating to overall market structure. Local resistance at $38.00 was breached and retested before a continuation down further to the now local support. This level needs to hold for a potential oversold bounce to come to fruition. The Stochastic is in severely low regions, it can stay in this area for an extended period of time until we see a clear projection upwards. The RSI also is in severely low regions, an oversold bounce is more probable if price holds local support. Volume overall is quite low, we need an impulse of volume to confirm an bounce and or break from current region. The EMA’s is giving price resistance into support; we need to see a bull cross for a confirmation of a bounce… IMO, WEED is completing its ABC correction, a bounce and or a break from this local support will tell us where it’s more probable to head in the near future… What are your thoughts in this Pot Stock? Please leave a like and comment, And remember, “The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
TSX:WEED
by AzizKhanZamani
BTC.D Bearish Divergence|ALT Coin Rally?Hello Traders, Happy Friday Here from Australia! Today’s chart update will be a little different; we will have a look at the Bitcoin Dominance Chart which is currently looking like its forming a bearish divergence, could this potentially be an indication for an ALT coin rally? Points to consider - Trend has been bullish on daily - Major structural resistance and .618 Fibonacci level - Local support at .50 Fibonacci - RSI respecting down resistance - Stochastics showing upwards momentum - EMA’s giving price resistance - Volume just above average The BTC.D chart has been on a very strong rally since Jan 2018 with healthy corrections back to the trend line. Currently price is testing local trend line, which will be confirmed by three touches, however a return to the establish trend line is more probable as its backed with bearish indicators. Major structural resistance, the .618 Fibonacci level has held BTC.D, this level needs to break for continuation, although is looking improbable due to the bearish divergence formation. Local support is at the .50 Fibonacci Level, which is highly probable to be tested if the upper trend line does not hold. The RSI is respecting its downwards resistance, has and is converging from price, further gives merit to the potential bearish divergence. Stochastics is however showing upside potential, lots of momentum for the bulls if levels are broken to the upside… The EMA’s are currently giving price resistance, this being in confluence with structural resistance and the .618 Fibonacci level further implies on the heavy resistance and the probable bearish divergence… Volume overall is very strong, just above average, this goes to show that either a break down and or a continuation can come to fruition from current levels. IMO, a correction will be more probable as we do have clear characteristics of a bearish divergence in the chart, this usually means a small ALT coin rally can come to culmination… What are your thoughts? Is the BTC.D chart due for a correction? Please leave a like and comment, And remember, “A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.” – Van K
CRYPTOCAP:BTC.D
by AzizKhanZamani
ETHBTC Testing Critical Resistance Level!Hello Traders! Today’s chart update will be on ETHBTC which is testing a very critical resistance level in its established 4hr time frame bull trend. A break of this local resistance will increase the probabilities of testing major structural resistance, presenting a potential trade set up. Points to consider, - Trend line being respected - Price testing local resistance - Support found at .50 Fibonacci - Stochastics in upper region - RSI testing its resistance - EMA’s supporting price - Volume increasing - VPVR showing a decrease in volume of transactions ETH is looking very bullish as it respects its trend line, confirmed by three touches; this trend line comes perfectly into local resistance. This local resistance is a very critical level as a break will continue this bullish bias; a rejection will negate market structure, putting in a potential triple top. After initial bull impulse, support was found at the .50 Fibonacci Level, being in confluence with the trend line, this area was very strong for bulls who were able to continue the trend. The Stochastics is currently trading in the upper region where it can stay for an extended period of time; there is no evidence of downside momentum at current given time. The RSI is currently testing it resistance, coming closer into its apex, a move will be imminent very shortly. EMA’s are holding price support as it comes into local resistance; overall support is very strong for the bulls as the EMA’s are in confluence with the trend line. Volume itself is showing an increase, this needs to continue upon the break of local resistance to avoid the chances of a fake out. The VPVR visibly shows a decrease in volume of transactions between the two segments of local resistance and major structural resistance. This tells us that bulls will have a greater probability of reaching technical target due to the low level of resistance from the VPVR. Overall, IMO, a break from this critical level will be extremely bullish and will give us a trading opportunity. A break bearish from trend line will negate market structure and a retrace back to the .50 Fibonacci will be more probable… What are your thoughts on ETHBTC? Please leave a like and comment, And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
Long
by AzizKhanZamani
ADVAXIS INC - DAY TRADE Hi, today we are going to talk about ADXS and in a Day Trade opportunity. We observe a 15m chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above. Thank you for reading and leave your comments if you like. Join the Traders Heaven today, for more exclusive contents! Link bellow! Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
A
by Igor-Silva
MEET GROUP INC - DAY TRADEHi, today we are going to talk about MEET and in a Day Trade opportunity. We observe a 15m chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above. Thank you for reading and leave your comments if you like. Join the Traders Heaven today, for more exclusive contents! Link bellow! Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
M
by Igor-Silva
XLMBTC Low Volume Breakout Imminent Hello Traders! Today’s chart update will be on the XLM/BTC pairing which is in an interesting position, testing current local support with volume well below average, a break out move may be probable… Points to consider, - Trend bullish, probable of new higher low - Price testing structural support - .50 Fibonacci acting as resistance - RSI neutral - Stochastics showing upwards momentum - VPVR showing decreasing transactions - Volume decreasing rapidly - EMA’s giving price resistance XLM has had an insane bull move that corrected all the way down to the .786 Fibonacci level before retracing and trading in the now current rage. The trend is overall bullish as we do have consecutive higher lows in place; however this is in a parabolic manner. Price is testing structural support, previous resistance; a break of this area will be quite bearish as market structure will then not be putting in a new higher high. Local resistance is at .50 Fibonacci level that needs to break upon respect of current support. If this level is broken then a test of the local highs will be more probable. The RSI is quite neutral at current given time, it can break in any direction, really depends on the next move of XLM. The stochastics currently is projected upwards, we still have room for further upside potential. The VPVR is interesting, showing us that the volume of transactions is decreasing on both ends, bullish and or bearish; the next move has a high degree of probability of being a flush move. Furthermore the volume itself is declining rapidly, telling us that a breakout is imminent in the near future. The EMA’s are currently giving price resistance, is price fails to break the EMA’s then XLM will not put in a new higher high, the bullish market structure will no longer be in place… What are your thoughts on XLM, is a breakout move imminent due to declining volume? Please leave a like and comment And remember, “Hope is bogus emotion that only costs you money.” – Jim Cramer
by AzizKhanZamani
BTC Bullish Divergence and CME Gaps Filled!Hello Traders! Today’s analysis will be on Bitcoin’s recent developments, Bullish Divergence and CME futures gap filled, could a bounce be more probable from current rage? There are a few technical indicators that point towards a market bounce Points to consider, - Clear bullish divergence on hourly timeframe - Major resistance at .236 Fibonacci level - Major structural support at 8K level - Stochastics turning bullish - RSI respecting upwards trend - VPVR showing low volume of transactions - Volume well below average - Volume climax candles - EMA’s yet to meet price Bitcoin has finally filled its CME futures gap around the $8,000 mark where it held support and traded this region to form a potential bullish divergence. Price is making lower lows whilst the RSI makes consecutive higher highs. Local structural resistance for bitcoin is the $9,200 mark, which is in confluence with the .236 Fibonacci level. A break from this level will be quite bullish… The stochastics are on the verge of turning bullish, signifying that the downside steam has cooled of and a move upwards is more probable. RSI is respecting it’s upwards trend, we need to see it continue to diverge from price, and this will cool of the indicator from oversold conditions… VPVR is quite interesting, as there is no high volume traded between current support and resistance, a bull move up would not experience heavy resistance due to lack of volume traded between the two regions. The volume profile is also quite interesting; we’ve had multiple volume climax candles and large wicks being bought back up. This signifies a strong level of support that is defended by the bulls. The EMA’s have not yet reached price so, at current time being, it is bearish until we see a bullish cross… It is more probable for Bitcoin to bounce and retest local support; it would be a natural market reaction after a straight flush down. This is supported by the tentative bullish divergence forming at current given time. What are your thoughts on Bitcoins current price action? Please leave a like and comment And remember, A streak of winning trades can boost your ego and self-confidence to such an extent that you start believing that you’re invincible. If that is the case, try to take a break from trading to calm your emotions down.
BITMEX:BTCUSD.PLong
by AzizKhanZamani
XRPBTC Retraced, What Next?Hello Traders, Today’s update will be on XRPBTC from previous technical analysis, the retrace happened, what next? Points to consider - Price retraced and tested new support (R/S – flip retest) - Price respected .618 Fibonacci Level - Local resistance is .382 Fibonacci Level - EMA’s giving price resistance - RSI respecting trend line - Volume Declining - Stochastics neutral - VPVR on a steady decline in transactions - Possible consolidation before next leg up Ripple has managed to retrace back to its new support and respected the .618 Fibonacci Level before a small bull impulse move up. Small local resistance for ripple is along the .382 Fibonacci level, price is trading within a small range as of now. EMA’s are currently providing price with resistance, pushing it down towards local support. The RSI is currently respecting it’s upwards trend line; a third bounce from here will prove its significance. The stochastics are currently neutral; we don’t really have a projected direction with conviction… Volume is noticeably declining, we need to see an increase in bull volume if price where to respect support and head higher. The VPVR shows a clear decline in the level of transactions heading up, with increased bull volume, price can easily test upper levels. It is more probable for Ripple to consolidate in the orange box before making another impulse move… Furthermore, we do need to keep in MIND Bitcoins Breakout; this can negate any setups in any ALTS What are your thoughts on Ripple? Will it respect support or break through it? Please leave a like and comment, And remember “Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” Yvan Byeajee
by AzizKhanZamani
ETHUSD Bearish Divergence or Continuation? Hello Traders, Hope your enjoying your Sunday! Today’s chart will be an update on ETHUSDT paring, potential bearish divergence or a continuation? Points to consider - Current parabola trend - Consecutive Higher Lows in place - Respected resistance - Testing local support (Potential New Higher Low) - RSI coming into apex - Stochastics in lower levels - EMA’s giving price resistance - Volume Climax - VPVR showing low volume of transactions Ethereum has had an impressive run in the past couple weeks as the charts show us a clear parabola that is potentially showing signs of topping out. ETH respected its upper structural resistance and retraced back to the .236 Fibonacci Level, which is the current local support. This support is quite strong as it is in confluence with the parabola trend (Purple Line), the .236 Fibonacci Level and current potential local support (Orange Box). This is quite similar to the previous orange box where price consolidated on the .786 Fibonacci Level with the Parabola line as support before the next impulse move up… An impulse move up would increase the probabilities of creating an ascending triangle formation in the near future – which is usually a continuation pattern… There are signs showing that ETH has a greater probability of correcting as we have a bearish divergence in the chart. Price managed to put in higher highs as the RSI puts in lower highs consecutively. The RSI is also approaching its apex zone; currently its testing its own local resistance, a bounce could be probable… The EMAs are giving price resistance due to the recent bear cross; this is quite bearish as we see other indicators such as the Stochastics being projected downwards. A break of current local support will allow bears a greater control as we see the VPVR showing a shallow area of transactions under current the Fibonacci Level.,, Overall, A break of the parabola, local support and Fibonacci level will be quite bearish, a retesting of the .618 Fibonacci is more probable A respect of the parabola, local support and Fibonacci level will prove bullish, creating a potential ascending triangle (confirmation on third touch), which is quite similar to previous price action… What are your thoughts? Will a correction be more probable of a continuation? Please leave a like and comment And remember “Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” - Michael Marcus
Short
by AzizKhanZamani
BTC Longer Term Projection | Parabolic Rise!Hello Traders! New Week Monday Today’s chart will be a bit different, we will have a look at the longer term projection of BTC, remember this is pure speculation, no certainty… Points to consider, - Parabolic rise that retraced and held support - RSI held above 60 in the bull market - Stochastics traded above 70 in the bull market - EMA’s held price as support - Bull volume noticeably increased There are striking similarities between the previous bull market and the one that we are inevitable heading into right now. Price had a blow off top and established a support base (green zone) before the EMA’s came into play. The EMA’s supported price as it traded back towards the ATH, here volume picked up drastically, Bitcoin went on and completed its next parabolic rise… Bitcoin right now has come out of its support base (green zone) and the EMA’s, similarly, is supporting price as BTC makes its way back to its ATH ($20,000). We need to see the RSI enter back into the orange box, where it traded last bull market, same goes with the Stochastics. Volume also needs to pick up as we approach and retest the ATH again. It will be interesting to see how long it takes BTC to break its ATH; previously it took 455 days from support base. Using this Metrix, we can assume that the ATH will be broken some time mid-2020. Again this is pure speculation; anything is possible as there is no certainty in the markets, especially Bitcoin! What are your thoughts on the longer term aspect of Bitcoin? Please leave a like and comment And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
BITSTAMP:BTCUSD
by AzizKhanZamani
1
EOSBTC BULLISH DIVERGENCE !?Hello Traders! Today’s chart will be on EOSBTC, potential bullish divergence! Points to consider, - Bullish cross on EMA’s - RSI broke resistance - Volume picking up slightly - VPVR showing low volume of transactions - Price putting in lower bottoms as RSI puts in higher bottoms (Bullish Divergence) EOSBTC is looking quite interesting on the daily timeframe as it may be looking to change market structure and turn bullish. The RSI recently broke resistance and has further upside potential upon retest of the now turned support, previous resistance. Price has been putting in lower lows whilst RSI has been establishing higher highs, classical bullish divergence. Volume has also been picking up, we need to see this sustain if EOS was to test local resistances. The EMA’s are currently crossing bullish, which is another sign that EOS is ready for further upside movement and with the VPVR showing low volume of transactions, EOS bulls shouldn’t have much issue reaching resistant targets, posting gains of potential 42% and up to 92%! We much consider the market as a whole, the crypto market is very uncertain, this whole set up can be negated by BTC’s moves so we must use risk management and stop losses! What are your thoughts on EOSBTC recent developments? Will bulls come to fruition and break local resistances? Or will we see EOS roll over and retest yearly lows? Please leave a like and comments And remember, “You’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader
by AzizKhanZamani
ACB RESPECTING TRENDLINE ! Hello Traders, Today’s chart will be on ACB – AURORA CANNABIS INC, respected trend line perfectly! Points to consider, - Trend overall bullish - Broke resistance, now potential support on re-test - EMA’s turning bullish - Stochastic showing upwards momentum - RSI broke its resistance - Volume starting to increase - Next local resistance areas are the .382 and .618 Fibonacci Zones ACB has perfectly respected the upwards trend line and has broken local resistance now turning potential support upon retest. The EMA’s have turned bullish upon this break signifying that further upwards is more probable. The RSI is quite bullish at given time too, it has broken its major resistance line thus has further upside potential; this will allow bulls to push price into next local resistant zone (.328 Fib). Furthermore, the stochastic's are showing upwards momentum, however it’s starting to look over extended, we may see it cool of, this will allow for price to retest support before heading back up… Volume is starting to pick up, very healthy in this break from resistance, we need to see the volume maintain a steady increase for this area... Bulls can potentially test next resistant zone at the .382 Fib, posting a gain of around 18.64%, if a break of this zone comes to fruition, then a test of .618 Fibonacci is probable, posting a 50.81% gain! What are your thoughts on ACB? Will bull have the momentum to push through local resistances? Please leave a like and comment And remember, “It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros
ALong
by AzizKhanZamani
BTCUSD Important Resistance Area! Bears vs Bulls!Hello Traders! Update on BTC recent price movements from yesterday! Will bulls push though current resistance or will bears take over at this given point? Points to consider - Head and Shoulders pattern will be negated if bulls break resistance with volume - 4hr bullish divergence has held true! - Currently inside bars forming on 240 timeframe - Volume has dropped of drastically - RSI is in overbought territory - Stoch’s overextended on upwards momentum - Volume Climax - EMA’s yet to reach price BTC has had an impressive move upwards from strong local support; now currently testing an important resistant area. Bulls have the potential of pushing price over resistance thus totally negating the potential head and shoulders pattern. (Not a pretty Head and Shoulders one must say) The 4 hour bullish divergence gave bulls an edge to push price to resistance, however volume has drastically decreased since testing this area (currently forming inside bars, yet to break), bulls may be well be out of steam. The RSI is currently in overbought territory and needs to cool off on a technical point of view. The Stochastics’ is now turning, showing us possible downwards momentum being more likely. We are yet to see how price will react once the EMA’s come to fruition, it may hold support, but this would be weak as other indicators are looking quite bearish… What are your thoughts? Will price turn bearish from this resistance, or will it consolidate before bulls takeover again? Please leave a like and comment And remember, “You will never find fulfillment trading the markets if you don’t learn to appreciate and be satisfied with what you already have.” ― Yvan Byeajee
BYBIT:BTCUSD.PShort
by AzizKhanZamani
2
AIONBTC BOUNCE POTENTIAL 246%!!Hello Traders, As promised, a different chart everyday! Today’s chart will be on AIONBTC, a potential 246% bounce from major support! Points to consider - Testing major support - Stoch’s showing upwards momentum - RSI bouncing of support - Potential bullish Divergence - EMA’s acting as resistance - High Volume spikes - VPVR showing low volume of transaction after first resistance - .50 Fibonacci is a potential resistance area AIONBTC is worth watching as it has a high degree of probability to bounce from current support and retest resistances that where previous support, (S/R flip Retest). Price is currently testing major support, bulls need to show up otherwise we can witness major capitulation for this ALT coin. RSI has established a well uptrend, confirming a potential bullish divergence with price putting in Lower Highs. We also need to consider the EMA’s, which is currently giving price resistance, bulls need to show strength for EMA’s to turn bullish which is highly probable from this support zone. Overall the volume has increased, proving the significance of this zone, price could rally to second resistance zone, the .50 Fibonacci zone, posting a 246% gain! What are your thoughts? Will we see a bounce or head further down and capitulate? Please leave a like and comment And remember, “Trade the market in front of you, not the one you want!” – Scott Redler
ALong
by AzizKhanZamani