I really like litecoin, and I'm holder of LTC. Remember that litecoin has strong correlation with Bitcoin. If BTC goes up it will too. Since hitting $413.5 ATH, LTC fall down 70%. With highlighted double bottom + buying pressure, litecoin's correction phase was finished. Higher low formed by bulls on September 29, 2021 so broad bullish channel on Daily Chart. We...
The most important level in ETH weekly chart is its breakout point ( $3755 - $3925 ). Holding price above this zone means that bulls are still in power. We are also is ascending channel and look at the candles within this channel: Total 19 bars with 11 Bull Bars and 8 Bear bars, examining candles shows us strong bullish momentum. It's better to see the close of...
Broad Bear Channel in daily time frame. So bears get short and bulls get long as scalps. Now we have 3nd pushed down of this channel, also price arrives at static support. So 3nd pushed down + Static Support = Waiting for Bulls. If bulls come target will be: Daily Bear Trendline or Daily Bearish Orderblock In H1 again bearish channel and bear trend. Look at the...
Check out previous Bitcoin Analysis on Daily Timeframe👇🏽 The dynamic resistance mentioned on the video is same as resistance on daily timeframe analysis. Buying Bitcoin Below this Bearish Trendline not recommended. So buy after breaking: 1) Dynamic Resistance Break 2) Break and Consolidating Above The Key Level ( Around $60,000 ) 3) Break Out Pullback to reduce...
If you check the EURUSD daily chart, we are now staying on the strong demand. Before continue my words, please please remember that 80% of trend reversal attempts fail. So touching the demand zone is not enough reason to get long. It's still bear trend so price may reject demand and respects only supplies. My vision on EURUSD is that waiting for price goes and...
Hello to the large community of traders, Have some tips here: 1) When trading range phase continues more than 20 bars, so we have 50/50 chance of breakout from each side. 2) Imagine all channels as flags. It means that we have 75% chance of bull breakout from bear channel ( bull flag ) and vice versa. 3) More candles consolidate below moving average, deeper...
Hello to the best traders in the world , My name is Amir. I needed to explain to you before I started working on the Trading View platform. I am 23 years old. I studied experimental sciences in high school and at that time my goal was to get a veterinary degree for my future job. Something happened in my life and I changed the course of my life completely. I...