Since this bear market ETH has done so poorly surprisingly. I was really hopeful for ETH. There isn't any support zone for ETH just the downward channel. Next bounce off the lower line should be $170. I hope it holds and can recover. A long position at this time is not a good idea.
Technically, it isn't a good diamond, but it may play out. Just want to let you know, so you'll be ready. Overall, I'm bearish because we still have numbers on the table that are not within this 6k
During the selloff in crypto the last 24h, ETH have been one of the biggest bleeders. All year, we have all been waiting for the triangle bounce, BUT something happened yesterday. ETHBTC broke the triangle trend most people have been watching for the last year almost without caring. With ETH crashing down I started to adjust the lines a little, and I found a new...
BTC tried hard to break the diagonal resistance, tried twice with no success, and as you can see, painted a rising wedge. Target is measured. I would try to scoop 6550, but with a very tight SL, because if failed - say hi to 5700. Good luck! //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
DOGE has some cool off finally and painted inverse H&S . The neckline at 65 , if broken, the target at least 75. Also! DOGEcoin has been added to Poloniex! This is a very bullish news. twitter.com If Coinbase will do the same, I expect it to cross $1 eventually And yeah, September 5. Don't miss it! //This information is not a recommendation to...
DOGE has been rallying since yesterday and made an impressive +30% gain this week. Meanwhile, BTC has only +6%. DOGE is the only double-digit gainer among all cryptos, and it's understandable since it was added to the most popular trading app Robinhood , but the real reason for rally is an announcement of Etherum-DOGE collaboration which should occur...
Ethereum has been struggling to gain any momentum since the start of the year. It had a 57% rally in April, but it has been all down hill ever since. There are issues with scaling. There are issues with mining. There are issues with ICO's panicing. However, today the CBOE announced that they will have a Futures market coming very soon for Ether. There's a lot...
BTC has a Cup & Handle on 1H chart. This is a real Mexican standoff, and price stall at diabolic 6666.01. Price should test 7050 - 7200 and this probably will be the last mover before the continuation of the downtrend //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Hi, folks! I didn't post anything for a while, because previous targets remain intact and there is not to much I can add. However, some traders got tired from the downtrend, that's why they forcing the trades trying to call this a bottom. As you can see, RSI currently ~50 remaining neutral for move in both ways, but BTC painted a big bearish flag which...
Etherum Classic (ETCBTC) has shown huge gains since bouncing from bottom on 14th August @ 0.001714, reaching today as high as 0.002317 with huge volume building up. This can definitely mean the start of something. ETC is showing signs of additinoal bullish action coming. We have the biggest volume on the daily candle today of all time, on Binance, with the...
Hi my friends, As you remember my last ETH Analyse i mentioned there that we will drop hard soon and i draw a H&S there that have target around 300 but we drop more and as i said we made a new low after ETH all time high.It's funny,last time that BTC made a new low in ETH we didn't have a same thing but this time before BTC even reach its last lows we made a new...
Hi, everyone! BTC is in the bearish channel for 14 days and we didn't have any significant bounces that often can be found during selloffs like this. This is understandable because the selling pressure is ridiculously high . During the last 24 hours price formed a Diamond pattern that we talk about and traded previously. Diamond is the reversal pattern ...
Hi, guys! BTC has literally 10 red days in a row, and there was no support on the way down that would make it bounce. Now, we approached the main support line that has been tested three times this year, and as we know, if support was tested 3 times, on forth it fails almost guaranteed. We all were waiting for Inverse H&S, but it doesn't look legit anymore,...
Hi! My concerns about a H&S in my previous post appeared to be reasonable. The neckline was broken, measured target at 6550. 7K trying to hold, but if broken, we will go down hard and fast. If the price will manage to get back to 7400 today, we still have some hope for the cancelation of the pattern but my SL was hit at 7499, and I'm not going to go back...
Hi, everyone! BTC has 7 red days in a row, and after one day of consolidation have a two red dailys again. STOCH RSI oversold and trying to engulf, RSI not oversold yet, but very close. I expect some sideways between the downtrend line(connecting all last tops) and a new support line (green, connects A-C-E). Watch the price action after E, it will determine the...
Hi guys! We had some correction during last week, and price found the support at 7500. BTC came back to retest the support and touch the downtrend line that we had since 13k and broke recently. BTC just formed the Diamond pattern , which is a reversal pattern . We also have an inside bar on the key support level , daily StochRSI under 40 and daily RSI ~50 ...
Hi, everyone! Yesterday BTC got under the pressure of FUD, and perfect set up has been messed up. 7200 was my point of no return, but we bounced from it, made a rising double bottom and heading up for now. But the problem is, that momentum was lost and we got under one more resistance that will hold BTC on the way up. It's between 7600 and 7700. The bullish...
So far my ETH/BTC prediction is playing out quite well. ETH/USD losses have been offset by the 32% increase in BTC’s value up from $6400 to the $8000-$8500 range. This has kept ETH/USD from falling to $350 or so from the 20% loss in true value. Read the rest: medium.com