yarr

yarr Updated 

Here's update for BTC/USD: The price managed to bounce from support zone, 0.786 fib level and diagonal support (bullish trend line). Which clearly indicates that you can find demand for bitcoin at this support zone. The market has not been able to break these two converging lines and ABCDE pattern is clearly indicating bullish setup here. Before the price is able...

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Here is a longer term perspective on Ethereum. The market has had a minor decline along with the bitcoin market after it got rejected by 0.382 fib level. It’s essential that the price breaks above it to give us bullish confirmation. If it’s not able to break upwards from the 0.382 fib level, it’s likely to test support zone at $500.00 - $530.00 and move lower. In...

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The market had a nice bounce from support zone and 0.786 fib level. Bullish divergence did play very nicely but the question is that will it keep pushing higher? For now this area is very attractive for selling and when combined with overbought stochastic, it's like to have minor retrace before continue pushing upwards. Bullish divergence confirms that the...

yarr

Update on BTCUSD : Let's begin with an question: Are you part of "the herd" who follows what everyone else are doing or are you able to zoom out and see the possible trading opportunities out there? Being a contrarian means that you are on the opposite side from "the herd" and when everyone else are selling, then contrarian is the one who is looking to accumulate...

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The market keeps moving down after getting rejected from $9.800 - $9.600 Resistance Zone which was attractive location to sell. Currently the market cap is going around $347bil. and is down from this week’s top by roughly $44bil. (top was $392bil). When the market is falling, then it’s better to be prepared and work on your trading game plan. There are a lot of...

yarr Updated 

On the Daily chart Ethereum is forming a Bull Flag pattern which is continuation pattern. The market is having difficulties pushing the price higher as it's getting rejected by $730 resistance and downtrend line of the flag which acts as resistance. The flag pole represents wave 1 and as it was seen on the chart it was slowly forming a bearish divergence which...

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Litecoin market is looking interesting right now as it's trying to find bottom and hits the support zone second time. This zone is attractive to open new trades and requires a bit patience before doing so. Keep in mind that this area needs to be tested before considering buying in to it. On the chart you can see a bullish divergence forming and it's matter of the...

yarr Updated 

Hey traders, here is my update on BTC/USD pair: This week has been interesting because of Consensus2018 which is considered one of the biggest crypto events and previously has made the market to push higher. As seen on the chart the price is forming a very clear bullish divergence which is indicating that it's going to push higher. RSI and Histogram supports...

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The market is starting slowly recover from this dip and showing bullish patterns that are supporting reversal that's likely going to happen soon. The price is moving inside of the Falling Wedge pattern which is known bullish pattern, MACD is supporting bullish divergence and indicating that sellers are getting exhausted as the selling power is weakening. The price...

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The whole market is showing signs for recovering and Litecoin is trying to push higher as it bounced from the channel support level. When all EMAs Cross above of EMA50 together with the price pushing above, this confirms that there are going to start another bullish run which could take us back to the resistance level at $182- $194 levels. If you have questions...

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The market had strong bounce from 0.236 fib level and lower triangle support. It is also showing a Bullish Divergence that is supported by MACD. Before it's able to push higher we need to see MACD crossover that would support upward movement and increase in buy volume which is almost nonexistent. The price needs to take resistance zone down with force (volume...

yarr

Ethereum showed strength by trying to push higher but without success. The candlesticks are showing long wicks because they got rejected by the uptrend line, resistance level (former support) and MA50 level. This is a good indication that the price is trying to push lower. If it's going to break below of 640 level, it's more likely going to continue to next...

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The market is showing bearish momentum after breaking through of uptrend line. The price is entering in to major support zone and this an ideal zone for reversal. When SMA50 is crossing above SMA100 this is good signal but it's important to wait until the daily SMA50 crosses above SMA100 which is giving extra confident that the uptrend is very strong and it's...

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The market hit downtrend line from where it got rejected and moved below the bottom level of channel. Downward movement was also supported by the bearish divergence which was confirmed by RSI. Note that the daily momentum is still favoring bears and likely to push price lower. Now it's important to work on your game plan and watch for ideal reversal zones. The...

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Hey all traders! I haven't posted for a while in here. Here's update of bitcoin. The market is showing a rising wedge pattern which is a bearish reversal pattern and leads trend change. In this scenario it's likely going to be a minor pullback. AS history proves it's not unusual that this pattern can break upwards as well and to do so the daily candle needs to...

yarr

Hey traders! The price did bounce off from SMA100 level (orange line), uptrend line and managed to breach through of resistance level which are indicating that the price wants to push higher. This will be a shorter term trade and I'm expecting it to have healthy pullback at some point. Now I'm waiting until the daily candle closes above of 0.382 fib level which...

yarr Updated 

The market is showing us the symmetrical triangle pattern. This pattern can break either way and that's why it is important to pay attention on breakout. Don't try to buy too low because you might end up losing. That's why it is crucial to have proper breakout confirmation from the expanded volume for example. What we need to see also is that the 4 hour candle...

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The Price is moving closer to Apex of The Falling Wedge Pattern. What tends to happen is that volume diminishes closer to the peak. Volume is an essential part to confirm breakout from The Falling Wedge Pattern. Without an expansion of volume, the breakout will lack reliance and be more vulnerable to fail. Stochastic RSI indicator is showing oversold position...