BlacksmithShinobi

BlacksmithShinobi

Apologies for the abstract chart. All lines serve a purpose. Please focus on the lime/green lines. The mid scale of REEF is currently trading within an ascending channel, right now, we are in an ascending triangle, we can breakout within the next few days/weeks. Looking at a target and strong resistance at around $0.066.

BlacksmithShinobi

Anyone who has studied chart anatomy will recognise this trading setup, no surprises here. Prices trade within the range three times (We are heading to or are already on our third bottom, preventing future declines. Will the USDZAR price descend below these prices in the foreseeable future? I don't think so, at-least not in a long time. Am I saying you should...

BlacksmithShinobi

Bearish divergence on the Daily Vs Rsi. Goodluck!

BlacksmithShinobi

I don't have an attachment to any asset or project. If a coin presents a good trading opportunity for me, I will trade it. Long or short. It doesn't matter to me. If you are a trader, this is the mentality to have. I don't love REEF, nor do I hate it. I've done MINIMAL research on REEF, I am aware of a few fundamentals that count for 1% of my decision on trading...

BlacksmithShinobi

Here we go once again, a text book right angle broadening wedge. The probability of an upside momentum is high. Do take note of the break out wick at the base of the neck. Going long after this confirmation would be wise. Targets are indicated by the vertical lines. If we hit these targets, I'm keeping an eye on the 1.618 fib level ($0.0139). This level ought to...

BlacksmithShinobi

XLMUSDT has formed a beautiful text-book descending broadening formation. looks 75% bullish. Good luck!

BlacksmithShinobi

Okay, this idea is a little crazy but XRP is in a much deeper game than the deep game I assumed we were in! It's a Massive Falling Wedge, within a Three Drives Pattern, within a smaller Falling Wedge, within a smaller Three Drives Pattern. Prepare for short liquidations to $0.35. Take my idea with a grain of salt. Good luck out there. Margin traders, you'll need...

BlacksmithShinobi

Please overlook the mess and focus on the purple and where the purple lines bounce off. Just updating my TA. We are witnessing a bullish three drives pattern {SHORT TERM} and a falling wedge {Long term}. This is deeper than i had thoght but, the bullish three drives pattern wasn't so obvious. I still stand firmly by my bearish short term play to sub $0.20. Here...

BlacksmithShinobi

Just following up on yesterday's post. 1) I noticed the shooting star (Did you) on the weekly closing, this is a cause for concern for the bulls. 2) We currently got rejected from the major resistance that's been acting as support for the longest time, so breaking through that will require much effort! (godspeed to anyone going long right now). 3) Refer to...

BlacksmithShinobi

Okay, perhaps not a confirmation, but the charts don't lie. This may be a text book XRP move to the upside (With short term downward to $0.20-$0.25). Trade carefully, meaning, wait for the breakout confirmation (Break out of the resistance line).

BlacksmithShinobi

Excuse the mess, If the weekly closes below $0.28227, expect lows of $0.20. That will secure a double bottom, we will be very likely to moon after that. Goodluck!

BlacksmithShinobi

I hope you guys took some great profits from my DASH call. Looking into moving some funds to a currency that's been flying under the radar. None-other than the overlooked, good old ethereum classic! While bearish on the 1-4 hourly and daily(Short-term), ETC proves to actually be extremely bullish. We can see that it broke through a very strong resistance trend...

BlacksmithShinobi Updated 

Analyzing this chart from the perspective of a micro scale, there are two possible outcomes in the next couple of hours. Scenario A We could breakout to the downside, smashing through support, before we break through resistance at 0.0042, because of the three drives pattern in play. our CM_Ult_MacD is showing a bullish divergence, the RSI looks like it's...

BlacksmithShinobi

I've made a great many mistakes with my past TA, still, I won't stop learning and improving. After all, no matter how great your TA, anything is possible in the crypto markets. While ETH is in it's consolidation period, DASH looks like a 70% good buy.

BlacksmithShinobi

We have a text book inverse head & should=rs pattern on FETCH.AI. MACD Has a strong bullish bounce. Hoping to see more volume on the daily. Expecting FETCH.AI to reach sub $0.30 level. Stop loss at $22.36

BlacksmithShinobi

I realised that perhaps looking at individual currencies wouldn't give us accurate results of market direction. Zooming out is necessary to have an idea of market direction. Bitcoin makes up only "Half" of the Market cap, so looking at it only to figure out direction isnt 100%. Textbook Elliot wave theory says that, during a bear market, there is a three wave...

BlacksmithShinobi

ETH bulls are back. The daily RSI and stochastic RSI are primed to reheat, we're looking at a run to $500 on the daily. Strong V on the 4 hour timeline taking confident stab at the previously penetrated support acting as a weak resistant. Looking to go long at $218. We'll probably see 5 retracement patterns on the way to $800 +/-. We should expect a sell off at...