A blog about trading analysis, in which I explain my thought process and trading ideas to share with the community.
2 Aug 2019 1 minute read 0 comments Oligon
I hope everyone who read the previous analysis got in the Bitcoin bounce from the major support zone, as it has rallied strongly from there. From a market structure perspective, price is approaching another major level at $10.9k, meaning we have two...
31 Jul 2019 1 minute read 0 comments Oligon
Bitcoin is currently taking off of the major support zone spotted between $9k - $9.6k. This gives good signs of a price rally to the supply levels above at $10.5k and $11.2k, so for investors this is a good opportunity to buy some bitcoin and sell at...
29 Jul 2019 1 minute read 0 comments Oligon
Ethereum is about to break through the recent triangle pattern formation after reacting to the minor support level at 0.02169 and showing signs of bullish strength. I would expect price to break soon and either go all the way to the next structure...
29 Jul 2019 1 minute read 0 comments Oligon
Price is currently undergoing an impulsive-corrective market pattern and respecting structure levels. The last corrective wave had a lot more sideways action and for a longer period than previous corrective waves, which signals to me that buyers are...
24 Jul 2019 1 minute read 1 comment Oligon
Steem is currently sitting right at a major support level at $0.2089 and about to hit the AB=CD pattern completion level at $0.1950. It is very important to notice that price has not gone below this area since April 16th 2017, so this has become a ma...
23 Jul 2019 1 minute read 5 comments Oligon
Litecoin recently broke past the support at $95 and by the number of sideway bars with little movement, I say we might enter a consolidation period. I believe looking at market structure we can expect a retest of that level and price heading to the n...
23 Jul 2019 1 minute read 0 comments Oligon
After retracing from hitting the supply zone at $11.1k, price is again inside the previously identified correction zone, however approaching quickly the major support zone beginning around $9.6k, which might serve as a great opportunity to enter the...
22 Jul 2019 1 minute read 0 comments Oligon
Ethereum is currently in a fight between buyers and sellers for the structure level at $232. The last swing high seemed more like a correction than an impulsive move, so I think sellers have another push down before buyers can regain control of price...
19 Jul 2019 1 minute read 0 comments Oligon
Bitcoin is currently heading down after a false break of support at $9.6k. This false break stopped and reversed aggressively at a major support level at $9k. The zone created between these two structure level and the fact that price rallied away so...
18 Jul 2019 1 minute read 0 comments Oligon
Ripple is currently on a bearish move after breaking a major structure level at $0.36 and is about to retest a major structure again at $0.29 that has not been taken out since September of 2018. After price broke this level is has gone up to $0.50, s...
