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In trading move technically and not emotionally BTC / USD

February 19, 2020 Published by

Hello, everybody! :), today I wanted to share with all of you this chart I made where I put in perspective why this year 2020 I want to be highly bullish, we have an excellent scenario here present that any trader or investor would buy, the hyper bullish triad of a bullish flag, a cup & handle and an inverted SHS, all the package together at the same price!! far from the emotional chatter that can be read by crypto twitter during the last week, in which most tend to repeat at any time of the trend just the cry of let’s go to ATH!, without taking into account the corrections on the way, as a holder or long term trader, that’s not bad, but for a day trader or swing trader, that’s important 

I hope this post and the chart will be useful to understand the reason of this next third bullish wave, out of this year’s halving or the gold cross that many are announcing these days without taking into account that these indicators don’t work in real time, the cross will happen in due time after the correction and after the strong rise that we will have during the month of March, but for now it is time to wait for the train to take us to the launch area where the rocket is ready along with the strong volume investor ready to go to the moon, if you have not yet bought, this will be your last chance to do so at a very good price, BTC will not return to that level 

This post only represents my personal opinion, it is not an investment advice, I am not a financial advisor, always remember to make your own analysis when trading 

You can follow me on Twitter: https://twitter.com/armijogarcia

Be aware BTC / USD – 4H

February 10, 2020 Published by

The price is forming a bearish pattern in the upper zone, the structure formed so far suggests a strong fall 1 – 5, we still do not have confirmation, the price must break the support diagonally of the full wave and below the support located at 9500 to confirm the movement, however, the break can be strong, for that reason I am giving this update in time in case you do not have your operations protected, we have demand zones within the range of 9500 – 9400, the next demand zone is located in the 9100, the third demand zone is located within the range of 8700 – 8200.

Remember that much of the market would be affected by a strong correction, especially USDT pairs.

You can follow me on Twitter: https://twitter.com/armijogarcia

technical analysis TT / BTC

January 16, 2020 Published by

TT seen from the 1D time frame we can observe how the candlestick structure is forming a double floor in the larger figure as a signal of trend reversal, this setup if completed correctly would take us to the high profit target located within the price range of 0.00000215 – 0.00000225 where the weekly offer is located, indicated within the chart by the purple horizontal, the smaller figure has formed a descending wedge where we should have a third touch on the diagonal resistance to later fall below the support located at 0.00000079 indicated inside the chart by the red horizontal, if this happens we could have a recovery pullback below this level, it is a movement we need to have to form the first HL as the first sign of a change in trend, at all times the price must remain above the diagonal support we see inside the chart by the larger diagonal also in black.

TT seen from the 1M timeline we can see how the current candlestick is forming an important doji over the diagonal, if we close in this way we would have an excellent candlestick pattern for a trend reversal, the candlestick is still young, therefore we must wait until the close to confirm.

In conclusion, TT is in an excellent buying moment, the higher temporality in the middle of the month is managing to hold on the diagonal despite the strong selling pressure that we can see through the long upper wick that has formed us, within the temporality of 1D the scenario is quite positive, once we get the break of the lower figure, the price should form a range that starts a game of EW that would push the price towards the range of 0.00000215 – 0.00000225, within the chart I have traced the possible trajectory of these movements, the distances and times may vary, therefore, I recommend to be very attentive to the action of the price in 1D and always remember to place your stop losses to avoid possible invalidations during the movement.

You can follow me on Twitter: https://twitter.com/armijogarcia

WTC / BTC Technical Analysis

January 15, 2020 Published by

WTC seen from the 1W seasonality we can observe how the candlestick structure has formed a long 2 year downward wedge, currently the price is at an excellent moment of the trend, ending the wave (5) of momentum, at any time we should have a strong momentum towards the diagonal resistance of the major figure coinciding with the weekly offer located at 0.0000861 indicated within the chart by the pink horizontal, this would be our first stop before a correction towards the weekly demand that would form the price with the upward closing of the weekly candlestick, if in the retracement we form a HL we would have a very good signal of continuation of the upward trend that would be confirmed by the breakout and confirmation of the major figure.

WTC seen from the 1D time frame we can observe more closely the (EW) play for the long term, the key points of the run I have marked within the chart, the first is located at 0.0001232, the second point is located at 0.0003040, the key bid is located at 0.0004052 and I have marked it by the horizontal gold color in the MONTHLY (B).

WTC seen from the 4H time frame we can observe more closely the current candlestick movement where we see how the price is looking for the point (5) of the current downward momentum, the ideal would be to find an entry below the S/R FLIP 4H located at 0.0000413, indicated within the chart by the blue horizontal, to see a reversal we need a reclaim of that support and move towards the resistance of the lower figure.

In conclusion, WTC is in a good moment to buy with a medium and long term view, this pair has an excellent profit margin if the current scenario that I have shown in the graph is fulfilled, the points are technically calculated, however, the times and distances can vary according to the acceleration of each movement, this must always be taken into account when reading a TA. In the minor temporality, WTC should fall a bit more below 0.0000413 to try to recover that level as support, so I recommend to be very attentive to the price action in 4H and 1D and always remember to place your stop losses to avoid possible invalidations during the movement

You can follow me on Twitter: https://twitter.com/armijogarcia

Technical Analysis BTC / USD

January 9, 2020 Published by

BTC seen from the temporality of 1W we can see how the current candlestick has tested the important supply zone located at 8215 indicated within the chart by the red horizontal color, coinciding with the diagonal resistance of the major figure, this was an expected movement to complete the WXY correction pattern, the price should now go in search of the weekly demand located within the range of 6200 – 6314 to form the point (Y).

BTC seen from the 1D time frame we can observe more closely the current candlestick movement where we see how the price has formed a high at 8158, this supply level has not been taken, therefore, we could still have some confirmation wick in that price before the price gives us a signal to continue falling, we have an important support located at 7629 indicated within the chart by the red horizontal, if for the moment the price does not take the supply today, we could see a rebound in that support looking for the supply level at 8158.

In conclusion, BTC has formed an important high under the resistance of this parallel channel, the 8215 has been tested correctly leaving us with a maximum at 8500, for now we should wait for the price to continue falling or form a LH under the diagonal resistance to have confirmation, while the price does not claim the level located at 8215 we can not expect the price to continue rising, Based on the WXY pattern, we should have a new entry in the range of 6200 – 6314 where the price would form a double floor as a reversal signal in key support and confirmation point (Y), therefore, I recommend following the 1D price action very closely and always remember to place your stop losses to avoid possible invalidations during the move.

You can follow me on Twitter: https://twitter.com/armijogarcia

ENJ technical analysis

December 16, 2019 Published by

ENJ seen from the temporality of 1W we can see how the price has managed to close above the accumulation range, the previous candle has tested very well the high range of this area with strong buying pressure, we should have a continuation of the movement in the short and medium term, as soon as the price manages to close above the weekly bid located at 0.00001424 indicated within the chart by the horizontal black, the price can go up strongly, our profit targets are located within the chart by the horizontal upper black color.

ENJ seen from the temporality of 1D we can observe more closely the current movement of candles where we see how the price has made us a range on the diagonal support that we see indicated within the chart by the diagonal red color, we could have a new test of the area of supply located at 0.00001424 before a setback to the area of demand in 1D located at 0.00001165 indicated inside the graph by means of the horizontal purple color, if this scenario happens, we would have an ascending triangle in the minor figure as a sign of continuation bullish, inside the graph of above I have also indicated by means of the green arrows the series of HL that has formed us the structure of candles during the accumulation and ascent outside this range.

In conclusion, ENJ maintains an excellent bullish movement through a series of three HL during the movement out of the accumulation range, currently the price could be forming an ascending triangle as a sign of continuation, to follow the rise, the price must keep the daily demand zone located at 0.00001165, if this happens we could have a break in the weekly supply zone located at 0.00001424 and with this a strong bullish movement towards our first profit target located at 0.00001942, our second profit target is located at 0.00002402, our third profit target is located at 0.00002953, and the highest target is at 0.00004631, therefore, I recommend following the price action in 1D very closely and always remember to place your stop loss to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

FUN technical analysis

December 5, 2019 Published by

FUN seen from the temporality of 1W we can observe how the structure of candles has formed us so far two HL on the diagonal support indicated within the chart by the horizontal dark blue, the closing of the previous candle has formed an accumulation doji as a bullish signal, if the closing of the current candle ends up being bullish we would have our third HL confirmation of a next move towards our first target gain located within the price range of 0.00000074 – 0.00000083, indicated inside the chart above by the two horizontal black color, our second target is located higher at 0.00000127, the major trend is bearish, the minor figure is forming an inverted triangle that could conclude in our first target, we would confirm this by seeing the price reaction in that area.

FUN seen from the temporality of 1D we can observe more closely the current movement of candles where we see how the price has formed the double floor on the zone of weekly demand located at 0.00000038, indicated within the graph above by the horizontal green color, the current candle is being rejected by the zone of daily supply located at 0.00000051, we need to get the closing above that level if we want to see a next movement towards our target profit.

In conclusion, FUN maintains an excellent movement on the diagonal support where we have been forming two HL and we could have the third with the bullish closing of the weekly candle that has yet to be confirmed, however, the probabilities of a move towards our first profit target are high, this profit target is located within the price range of 0.00000074 – 0.00000083, it is very important that the price keeps the support diagonally, otherwise, the price could fall and form a new LL, therefore, I recommend to follow very closely the action of the price in 1D and always remember to place your stop loss to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

IOST technical analysis

December 2, 2019 Published by

IOST seen from the temporality of 1W we can see how the current structure of candles begins to form a pattern of reversal of trend, the price is in a key area of the movement and the current bullish momentum has already drawn us an HL that we see marked within the chart above by the small green arrow, the price has managed to maintain the area of weekly demand located at 0.00000065, indicated within the top chart by the lower horizontal black, this is causing the current momentum of the candle that should reach the area of supply located within the price range of 0.00000098 – 0.00000108, indicated by the two horizontal black color, the price could make the test and go back a little to form another HL of confirmation to look for the breakage and recovery of the zone of offer, if this possible scenario is achieved, we could see the price reach our objectives of superior gain, the second objective of gain is located in the 0.00000145, the third objective of gains is located in the 0.00000196 and our objective higher is located in the 0.00000233.

IOST seen from the temporality of 1D we can observe more closely the current movement of candles where we see how the price after getting the break of the descending wedge in the 0.00000057 made the confirmation test to get back to get bullish momentum towards 0.00000079 where the price has taken a small break forming a bullish flag with an inverted shs as a signal continuation, this we see indicated in the chart above by the parallel channel in purple, the price should reach the bidding area without any problem.

In conclusion, IOST is still at accumulation levels at an excellent buy point even before having a much higher next move up, the price should go to test the bid zone and go back to 0.00000079 before looking for the break, the profit targets are shown in the 1W chart, therefore, I recommend to be very attentive to the price action in 1D and always remember to place your stop loss to avoid possible invalidations during the move.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

KNC technical analysis

November 29, 2019 Published by

KNC seen from the temporality of 1W we can see how the structure of candles has formed a double floor pattern as a sign of reversal of trend on the diagonal support, indicated within the chart above by the diagonal dark blue, in the chart I have enclosed by an oval yellow series of candles prior to the current candlestick with strong volume, the best entered was in the zone of demand located at 0.00001870 indicated within the above chart by the lower horizontal black color, the current candle is finding resistance in the supply zone located within the price range of 0.00002461 – 0.00002560, if we achieve the closing above that zone, we should have a next impulse towards our first profit target located within the price range of 0.00003075 – 0.00003341 indicated within the above chart by the two upper horizontal black color.

KNC seen from the temporality of 1D we can observe more closely the current movement of candles where we see how the price has maintained a correct movement over the area of demand, the current candle has tested the area of supply, we need a close above and confirmation to continue above, otherwise, the price could fall before the possible break, we see in the previous movement as the price has tested the resistance of the figure indicated within the chart above by the diagonal red color, this was a good confirmation that pushed this series of candles to the testing of the price range of 0. 00002461 – 0.00002560.

In conclusion, KNC also presents a bullish scenario that should have no trouble outbidding and moving towards our profit target located within the price range of 0.00003075 – 0.00003341, the current movement could continue to be driven without regression, but it would be advisable to wait for the closing of the current candle in 1D and see the reaction of the price in 4H to confirm the next movement, we must be very attentive to that price action not to stay out or to find our best entry position, the price must keep the diagonal dark blue that has been working as a support to have continuation of the opposite, the price would go in search of a new LL, always remember to place their stop loss in each operation to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

ALGO technical analysis

November 28, 2019 Published by

ALGO seen from the temporality of 1W we can see how the current candle has managed to push strongly testing the area of supply located at 0.00004079 indicated in the chart above by the horizontal red color, if the current candle ends up being bullish we would have our second HL above the support indicated by the diagonal dark blue, this would increase the odds of a next bullish impulse, the 1D demand zone is located within the price range of 0.00003254 – 0.00003415, indicated in the graph above by the two lower horizontal black color, if the price in its retreat manages to hold that point, we could see a next movement in search of the breakage of the supply zone mentioned above.

ALGO seen from the temporality of 1D we can observe more closely the current movement of candles where we see that the strong momentum was achieved by the closing of the previous candle, however, has not achieved the closing above the area of supply, therefore, we could see some retreat into the area of demand forming a triple floor on the diagonal as a strong bullish signal for the bulls, this would move the price to 0.00004079 in search of the break, within the chart above I have drawn the possible trajectory that the price could follow during the movement within the figure of the upward triangle.

In conclusion, ALGO shows signs of a possible continuation of the upward movement, the best time to have entered this momentum was in the support located at 0.00002117, however, the price has already formed two HL and we have a correct test of the area of supply, therefore, the probabilities of a close break are very high, it is advisable to wait for our entry between 0.00003254 – 0.00003415, however, any movement could occur in the next candles, we must be very attentive to the price action not to stay out of the next movement, the price should keep the diagonal, otherwise, the price could form a new LL, always remember to place their stop loss to avoid possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

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