Posts

Showing posts from June, 2020

Ethereum | Beware Of These Bearish Signals

Image
Hi friends hope you are well and welcome to the new update on Ethereum. This coin  is going really very good even better than the Bitcoin but on the long-term there are some weak bearish signals are appeared, therefore I would like to share those signals with you guys.   The price action is re-resting the previous resistance as support: Firs of all I would like to show you the different support and resistance levels of Ethereum on th daily chart. Here the price action has bounced from $122 support and broke out the next resistance level of $149. And after breaking out it used previous resistance as a support and then priceline first attempted to breakout the next resistance of $224 and after being rejected by this resistance the price action again moved up made another succeful attempt and broke out this resistance level. At this time the priceline of Ethereum is retesting this previous resistance as a support. If this support will be broken down the Ethereum can reach at prev...

Wooow!!! Verge (XVG) Has Surged More Than 500% Before The Halving | When To Buy???

Image
Hi friends hope you are well and welcome to the new update on Verge coin. After mid of March 2020 the XVG coin has surged more than 500%. In today's post we will try to understand this move of price action of Verge coin.   The upcoming halving event and how it is being affected on price action: On 25th  May 2020 the coinmarketcal.com added a post about the upcoming halving event of Verge coin that is expected on 4th July: https://coinmarketcal.com/en/coin/verge   coinpaprika.com also shared a retweet by Verge currency and it can be clearly seen in this tweet that the expected date for the halving event of XVG coin is 4th July: https://coinpaprika.com/event/84301-verge-halving/ The date of this tweet was 14th May 2020. And if we see the coinmarketcap.com then on 14 May the market cap of Verge coin was 55.6 million dollars and at this time the market cap of Verge coin is 149.4 million dollars. So the market cap is increased by 170%. https://coinmarketcap.com/currencies/verg...

Warning!!! Whales Sold Bitcoin At Major Exchanges More Than $30 million Has Been Liquidated

Image
Hello friends hope you are well and welcome to the new update on Bitcoin. As yesterday I told you in my previous video that the Bitcoin is completing the final leg of bullish BAT pattern and it can enter in the potential reversal zone that start from the $9,000 $8800. Now the price action has completed the final legs and entered in PRZ level. Now let's have a look at the price action of the BTC to have more analysis to understand what the price action can do next. Sell of by Bitcoin whales: First of all I would like to share below story with you that is shared by coinelegraph in which they are telling us that basic reason for bitcoin price drop below $8.9K was the sell off by whales at major exchanges. ng us that https://cointelegraph.com/news/bitcoin-price-drop-to-89k-caused-by-whales-selling-at-major-exchanges   By the way guys the cointelegraph has also shared my series of videos on Ethereum. If you are interested to trade Ehereum then it will be really very useful for you below...

Warning !!! Bitcoin Is Giving More Bearish Signals | Be Ready For More Leg Down To Complete The BAT Pattern

Image
1st of all I would like to show you the below chart that I posted on 8th of June. Where I predicted that the price action is going to move more down to complete the final leg of Gartley pattern. And that move was expected from $9317 up to $9015. And so far the price action has been retraced and completed the leg of Gartley. Before execution of Gartley Click here to visit this old article on tradingview   After execution of Gartey: You can also watch below video for better understanding The Bitcoin is going for BAT formation: Now there is more possibility that the price action will go for the Bat pattern. Because the signals are turning more bearish. Therefore I'm just ignoring some extra spike and taking the A to B leg up to 0.50 Fib retracement level. Now as per Fiboancci sequence of BAT the final leg is expected to be retraced from $9,015 up to $8840. This is the potential reversal zone of this BAT pattern. But we should use this potential reversal zone strictly as stop laws poin...