Hello followers and other TradingView users!
We had a nice last week where we made some nice 'guessing' where the whales want's to go ;) but now is the new week and new situations! Let's jump into the action!
1. I want to remember that in the July we got almost a perfect bullish "Engulfing" candlestick pattern which will indicate some bull run but at the moment it doesn't work like the pattern shows us...but maybe we are heading there because the price has collected some power and shows some strength (breakout upwards from consolidation area which lasted more than 16 days) aaand till sept. we have some days left! (if it's true then we see a massive rally upwards)
2. We have nice weekly candles which will also indicate that we may go and climb to the higher prices! There we can read out just a little bit sloppy but still "Morning Star" candlestick pattern which will also indicate bullishness but I'm a little worried about the pattern which was in June last week and in July first week - it was ALMOST same and we came down but luckily just ALMOST because it wasn't the morning star!
3. If we watch the daily chart then there we can see a candle which has a very wide range (high $6899, low $6250), it happens 22. aug., we still trade in this candle range and we can call those candles which are inside this wide range candle - "Inside bar(s)". "Inside bar" is a candlestick pattern which will guide us to the trend/move if we make breakout upwards or downwards and at the moment we wait for a move upwards escape to the higher levels! But it would be a very hard and bumpy road because we are catching up the EMA's and at the moment the 50EMA is just above us, so watch out but if we start to rally upwards then next stop would be around 200EMA. Pos. sign from the daily chart - we made a very nice retest after we made a breakout from this consolidation box it would tell us that all is healthy and correct if we want to go capture higher levels!
4. At the moment in the 4h chart, we fight with the 200EMA, we have several attempts to break this but those are failed! If You watch the market structure from higher high and higher low perspective then we made a higher high candle close on the 4h chart which is a good sign but above us is a very strong resistance level and the main down trendline which works as a resistance! This is level is very strong because we are in the crossing zone - Trendline and resistance crossing above us! Right now You can see that EMA50&100 are pointed upwards and start to make a cross which indicates bullishness!
Summary: At the moment I wait for a move (my bias is upwards) and start collecting indications! Right now we have to break this very strong resistance level which consists:
* Historically strong level (Blue line)
* 4h 200EMA
* The main trendline (cross with resistance)
* Inside bar range
Those are the main obstacles to what You have to consider!
So, if we get a candle close around $6800 then we have a breakout from resistance and from trendline and if the volume is good it could be a nice spot to take a trade but like I say step-by-step!
Hopefully, You like this and hopefully, it helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You for your support!
Have a nice week!!
We had a nice last week where we made some nice 'guessing' where the whales want's to go ;) but now is the new week and new situations! Let's jump into the action!
1. I want to remember that in the July we got almost a perfect bullish "Engulfing" candlestick pattern which will indicate some bull run but at the moment it doesn't work like the pattern shows us...but maybe we are heading there because the price has collected some power and shows some strength (breakout upwards from consolidation area which lasted more than 16 days) aaand till sept. we have some days left! (if it's true then we see a massive rally upwards)
2. We have nice weekly candles which will also indicate that we may go and climb to the higher prices! There we can read out just a little bit sloppy but still "Morning Star" candlestick pattern which will also indicate bullishness but I'm a little worried about the pattern which was in June last week and in July first week - it was ALMOST same and we came down but luckily just ALMOST because it wasn't the morning star!
3. If we watch the daily chart then there we can see a candle which has a very wide range (high $6899, low $6250), it happens 22. aug., we still trade in this candle range and we can call those candles which are inside this wide range candle - "Inside bar(s)". "Inside bar" is a candlestick pattern which will guide us to the trend/move if we make breakout upwards or downwards and at the moment we wait for a move upwards escape to the higher levels! But it would be a very hard and bumpy road because we are catching up the EMA's and at the moment the 50EMA is just above us, so watch out but if we start to rally upwards then next stop would be around 200EMA. Pos. sign from the daily chart - we made a very nice retest after we made a breakout from this consolidation box it would tell us that all is healthy and correct if we want to go capture higher levels!
4. At the moment in the 4h chart, we fight with the 200EMA, we have several attempts to break this but those are failed! If You watch the market structure from higher high and higher low perspective then we made a higher high candle close on the 4h chart which is a good sign but above us is a very strong resistance level and the main down trendline which works as a resistance! This is level is very strong because we are in the crossing zone - Trendline and resistance crossing above us! Right now You can see that EMA50&100 are pointed upwards and start to make a cross which indicates bullishness!
Summary: At the moment I wait for a move (my bias is upwards) and start collecting indications! Right now we have to break this very strong resistance level which consists:
* Historically strong level (Blue line)
* 4h 200EMA
* The main trendline (cross with resistance)
* Inside bar range
Those are the main obstacles to what You have to consider!
So, if we get a candle close around $6800 then we have a breakout from resistance and from trendline and if the volume is good it could be a nice spot to take a trade but like I say step-by-step!
Hopefully, You like this and hopefully, it helps You out a little bit to confirm Your own analysis! Definitely make Your own research and if You don't understand some of my points or I miss calculate something then please leave a comment!
To get updates - click the FOLLOW button and don't forget to LIKE, unless You don't appreciate it! ;)
Thank You for your support!
Have a nice week!!
تعليق:
Soon we will see some movement because we have longlegged doji after longlegged doji and the price is pushed to a tiny range.
In the 4h chart the candle close was again below the 200EMA and we tried to breakout from the triangle (blue area) but it failed!
Let's see what we got here from the next hours!
In the 4h chart the candle close was again below the 200EMA and we tried to breakout from the triangle (blue area) but it failed!
Let's see what we got here from the next hours!
تعليق:
Feel free to hit the LIKE button and leave a comment if You have any questions about my charting!
Thank You for your support, it means a lot to me!
Thank You for your support, it means a lot to me!
تعليق:
This is a very precise triangle upper trendline and in the 15 min chart, we closed the first time above the triangle trendline but sadly the volume is pretty low! Let's see if the price holds above the trendline then it would be mean that there is just low sell volume and we manage to break from this triangle! Still, this is a little confirmation, just a small step because above us is a massive resistance ;)
تعليق:
After I posted the breakout from triangle we almost immediately pump upwards to test the massive resistance and at the moment we bounced back from there pretty heavily! 1h candle close gives us a bearish sign - "Shooting Star" candlestick pattern after resistance touch so, this could be mean that we will make a little pullback and all pullbacks are healthy which stays above the $6500! If we start to make a pullback then I would guide us to the Buy trade if the price action allows us around the $6500-$6600 area!
تعليق:
Actually, this could be even a nice short-term sell opportunity!
تعليق:
ehehe...one time under the $6700 and the pullback may start! If this wall falls down then we go. So, watch this!
تعليق:
Luckily, at the moment we didn't break that $6700 support and we keep trying to break that strong resistance area above us. In the 4h chart we could see that we manage to break above the 200EMA and close above the triangle upper trendline and we made a higher high close! So, we could see a pullback but we may go straight to the higher prices! You know those confirmation boxes, so be alerted!
تعليق:
If we don’t get a quick bounce downwards then it’s a good sign because the bulls manage to hold the price up even in the strong resistance area! NB: The last 4h candle had also a nice volume!
تعليق:
Hello! Perfect, we made a breakout to the higher levels! Yesterday's candle close was also very nice above the "Inside bar" range which will indicate the trend and also above the 50EMA! Like we expected, those higher level candlestick patterns started to work pretty nicely! Hopefully, this analysis helps You out a little bit and You got some profit!
Please hit the LIKE button!
Thank You for your support!
Have a nice day and shortly I post next resistances and if we start to make a pullback then I also mark technically good entry points!
Please hit the LIKE button!
Thank You for your support!
Have a nice day and shortly I post next resistances and if we start to make a pullback then I also mark technically good entry points!
تعليق:
Until now nothing interesting but at the moment we could make a breakout from the triangle even we can say that bullish bias triangle because in the line chart we can read out chart pattern called "Ascending triangle" which indicates bullishness!
So, let's see what the price action and volume bars show us!
I keep You posted!
So, let's see what the price action and volume bars show us!
I keep You posted!
تعليق:
Ready, set, GO :)
تعليق:
Currently, we have a close above the $7000, we made a perfect retest and now we could start to climb higher prices! Soon I will post a new chart where I point out some higher resistances and if we start to make a pullback then where we can enter the trade if we see a nice price action!
تعليق:
BUY right now?! NO, definitely not, because we are on the FOMO prices and to make a perfect trade we also need a perfect entry!
تعليق:
Here is my NEW TA.
...and don’t forget to hit the LIKE button! :)
Thank You!
...and don’t forget to hit the LIKE button! :)
Thank You!
1. If we want to be bullish we have to break $6790 and need at least 4h candle close around this area!
2. So far all is healthy and nice if we don't get a break and close below the $6500 and below this black thin dotted trendline (wick to wick). From there it may drop heavily! Let's say, a candle close (at least 4h) $6380-$6430 would be a bearish confirmation!
Thank You!