TFL2020

TFL2020

after a nice breakout on eth and a solid run on bitcoin, now XRP showing some bull power. xrp was trading in range between 0.29-0.46 now we can see a nice breakout of that range with a high volume. we can now see xrp running all the way to 0.55 at first, 0.80 should be the 2nd target before reaching the 1$ mark. the 0.46 level should become resistance in order for...

TFL2020

IN CONTINUATION OF MY PREVIOUS POST, ETH BROKE THE TRADING RANGE AND NOW ALL EYES ON 300 MARK AS PSICOLOGICAL LEVEL, NEXT ONE AROUND 350. MAYBE WE WILL SEE A RE TEST OF THE 280 LEVEL. THAT LEVEL SHOULD BECOME SUPPORT IN ORDER TO KEEP THE BULLS IN CONTROL.

TFL2020

LOOKING AT THE DOW CHART WE CAN SEE THAT WE ARE NEAR THE ALL TIME HIGH AND A VERY STRONG RESISTANCE AREA FORMING A TRIPLE TOP. THE BULLS WILL NEED A STRONG FUNDAMENTAL TRIGGER TO BREAK THAT STRONG RESISTANCE. THERE ARE 2 MAIN EVENTS WHO CAN SUPPLY THAT TRIGGER: FIRST: THE FOMC MEETING TODAY AND MORE TALKS BETWEEN USA AND CHINA TO FIND A SOLID SOLUTION AND TO STOP...

TFL2020

IT LOOKS LIKE WE LOSING SOME BULLISH MOMENTUM ALL ACROSS THE CRYPTO MARKET. BTC/USD BROKE INDEED A SIGNIFICANT RESISTANCE LEVEL BUT DONT HAVE ENOUGHT POWER TO GO ALL THE WAY TO THE 10K MARK, ETH TRADING IN RANGE BETWEEN 280-230. IT LOOKS LIKE MARKET GOING TO RE TEST THE 230 LEVEL ONCE AGAIN. IF BULLS WILL BE ABLE TO GATHER MORE POWER, THEN WE SHOULD SEE A BREAKOUT...

TFL2020

although we are witness to a nice up move, we need to look at the volume. they are significantly low comparing to the volume we saw at the first rally towards 8820 level. it looks like bitcoin is building a double / triple top. only a closing above 8820 with high volume can trigger a reliable rally towards the 10k level, in the meantime im neutral.

TFL2020

it looks like we are getting ready for a bull run. breaking the triangle pattern and closing above 7400 ( sep high) will be a good sign. a nice long green bar on a weekly chart and a bull cross on the moving averages will confirm a long term bullish reversal. our exit point should be : closing below 5800 levels.