ohenrik

ohenrik

Correlation high.

ohenrik

Sadly we are once again entering a down trend. Once again correlation with BTCUSD is consistently on a high level.

ohenrik Updated 

Looking at the graph it is clear we are still trying to recover. in the pas, when BTC is struggling most of the remaining coins start to correlate in a high degree with BTCUSD. This graph shows the correlation against 9 other large coins. This graph is based on my previous top 10 index chart, minus BTC this time. When bitcoin starts to recover the market will go...

ohenrik Updated 

This is a test of an index view of the top 10 crypto currencies traded on 14.11.2017. They are weighted so that each coin is bought for ~100$ each. The main point of this graph is to test out index graph on Tradingview and to see how much (or little) those 1000$ becomes in a month, quarter, year etc. The 10 crypto currencies and amounts...

ohenrik

We are now up against the 4600 to 4700 resistance area. It has historically been strong and we might see BTCUSD once again go down, but I'm optimistic about it breaking through. If we close above 4700 we will most likely see a steep uptrend towards the previous top at 4900, and after that who knows? Maybe the moon! :) So I'm not sure about what target i would go...

ohenrik Updated 

XRPUSD has continued its uptrend. I have sketched out the next possible resistance point at 0.26 and 0.29. Please let me know if you agree or disagree and what i might have missed. :) If this breakout reverses the support is 23.0, set your stop loss bellow this level. Also take profit should be around 0.29. (Risk/Reward 2.3 with entry on 0.24776) Entry: 0.24776...

ohenrik

ETHUSD have finally breached the 305.0 resistance point and we are now looking at 315.0 again. This point has been challenged before without luck. This time might be different, however we cannot be sure before we have closed safely above 316. I suspect that if we do, price will quickly go up towards 339.0 and then 366.0 After that there seems to be little...

ohenrik Updated 

This is just a simple mockup of possible support points for XRPUSD to serve as a starting point for further analysis. We have reached a top and are currently correcting towards 23.0, however i do not think this support will be strong enough based on previous corrections, and 22.0 seems more likely.

ohenrik Updated 

OMGUSD has reached a strong support line bottom at 8.5. At the same time the downward trend is creating a wedge formation starting form the top at 29.09.2017 08:00. If it bounces up it still needs to pass the resistance point at 9.0. But if the candle closes above, we can enter with take profit around 11.0 and stop loss at around 7.5. Risk/Reward is 1.44 for this...