YanakTrading

YanakTrading Updated  Nov 9, 2023

50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading. If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same...

YanakTrading Nov 4, 2023

I updated an idea I posted at the beginning of the year, but I wanted to make a separate posting to make it clear. I looked back at the candlestick pattern from 2018 to the beginning of 2021 and replicated it on September 2022 to June 2023 (the BLUE pattern) The price prediction played out pretty well in the following months up until right now, November 4, 2023....

YanakTrading Updated  Nov 3, 2023

Here we looked back at the bars pattern from 2018 to the beginning of 2021 and replicated it at April 2022 (the BLUE pattern). We can see a clear similarity in the bars' pattern from April 2022 to January 2023 which makes us believe that the price will repeat history. We are presently in a Concentration Zone where the price is predicted to BREAKOUT bearish at...

YanakTrading Jan 16, 2023

Hello Bitcoin traders, Bitcoin has been very bullish for the past two days, but always be ready for a correction because many signals show that it is still overbought (see my previous post for 4 signals). With the Fibonacci Retracement, we see many moments where the principal lines served as support or resistance for the price. The price has now reached the...

YanakTrading Jan 13, 2023

In this chart we see many signals that indicates that Bitcoin is overbought and that the price will soon be corrected and go back down. - A trendline connected 3 corrections, but then the price rallied, thinking it doesn't has to come back to the trendline, meaning it is too bullish and is overbought. - Candlesticks broke above the Bollinger Bands (BB), meaning...

YanakTrading Jan 12, 2023

To everyone that is overly exited with Bitcoin right now... Calm down! Yes Bitcoin has rallied quite a bit for the past day, but don't jump on it too quickly because it is extremely overbought. As shown on the RSI, the price is largely above the 70 mark, meaning that people are buying excessively and that the price will soon come back down. If you gained from...

YanakTrading Jan 11, 2023

In this ETH/USDT chart, we use the Fibonacci Retracement to look at resistance and support levels and try to predict what will be Ethereum's next move. We see resistance at 0.65 (price at 1.7k), 0.786 (price at 1.8k), and at the "GOLDEN POCKET". What is the Golden Pocket? It is an area between 0.618 and 0.65 where significant reversal often happens, and in...