Typically HH pattern. Observe the candles and according to volume, this way it is easy to predict the next move. The pin bar 3 days ago was a sign of a sell at a resistance level, which was unknown till now. The volume was high, bigger even 2 times more than the previous buy, but it didn't drop us off a lot. The next candle is green with only half the volume and...
Almost perfect bounce of support, now we are heading up again. Like said many times, a good trader can trade just the lines. Also observing the candles, we can see we formed a perfect outside bar, and the smaller bar was a pinbar. We broke it to the upper side, and next candles are confirming the move. Reading the charts right? It is easy, common sense and eyes...
Perfect example of the bounce from the lower trend line. We reached the higher trendline, retested and broke to ATH. My gem is goin sky high. I told you it's a 50X coin!!
BTC climbing on the trendline, getting closer to upper trend line every time. Well, the form is called a triangle, a break of this to the either side emans we are going in the direction of the break out. But be aware, we also know fake breakouts, so wait for confirmation. IMHO we are leaning towards the upper side, but since USA elections are comming closer even...
People ussualy ask me in PM what do the lines mean, what are you looking at, show me, etc... Let me offer you most simple explanation and show you the most powerful tools on the market you can have and aply to any technical analysys. The lines are called support and resistance lines, they are drawn horisontaly on the chart. Colored light green on my charts. These...
Bitcoin looking perspective, but it just can't find the push we need. So options are a few. Or we go down, throw out week hands and retest some 9k ish levels, or we push up, brake the red downtrend line and test some 14k ish levels. Either way, in a long run I am bullish. And I belive all involved in crypto are as well.
What a ride, I warned you all about express train leaving the station, all aboard? Let's get technical: We have a very sharp up trend channel, I would expect some bounce but It just might not happen. If we contine like this, expect 0.5 as a next station. Don't miss the ride again!