BerlinTrader591

BerlinTrader591

Ethereum continues it's strong break out above that huge consolidation range from May to November. That huge consolidation range should lead to a huge break out, which we are seeing now. Our first 2 targets have already been hit, at 599 and 700 and we were taking some profits. Now our next target is 888, the 261.8% Fibonacci extension of that consolidation,...

BerlinTrader591

Here on XRP Ripple, break out continues short term for a day trade. Looking for a break out of this consolidation range, above 47. SHould take us to Fib Extension 261.8% at around 55 THE TRADE: Long above 47 Target .55 Stop below range at .42

BerlinTrader591

Ethereum has been the slow snail of the bunch. As LTC, BTC, and DASH put in huge moves over the last few weeks, Ethereum sat on its hands and refused to make a run for the sky. The good news is that Ethereum broke out of its base against the USD, holding that 400 $ number. But as we can see here, it has been a complete and utter underperformer against...

BerlinTrader591

CHANNEL BOUND: Litecoin has reached the top of it's range in this chart based on Euro from Kraken. The USD chart looks the same. We see this channel going back to May and so far it has proven a reliable predictor of price movement. We should play the range of this channel until a breakout to the upside or downside. The odds are in your favor to take profits...

BerlinTrader591

Here comes the next leg up in Ethereum. We've been consolidating above that 400 level, which was the break out level of the June consolidation range, and hopefully you've been following my posts, which have called for accumulating and adding to your position in Ethereum. As Bitcoin and the altcoins raged higher in the past few weeks, Ethereum lied dormant like a...

BerlinTrader591

ETHEREUM IS A BEAUTIFUL TORTOISE: Ethereum is taking it’s sweet time, but hasn’t it always? After all, while Bitcoin was exploding over the last few months and altcoins are seeing huge pumps, it swayed comfortably back and forth in an ever-tightening consolidation range. It finally woke up from it’s slumber in late November and broke out of that range above 400....

BerlinTrader591

RISK-ON MENTALITY: In general, the alt-coins are seeing outsized gains and performing strong. I use alt-coin performance as a gauge of risk appetite, just like I would analyze small companies in the stock market to see if investors and speculators have a risk-on or risk-off bias. When Bitcoin is performing well, but alt-coins are performing even better, then that...

BerlinTrader591

PIVX looking strong here. PIVX NEWS: Pivx became the first proof of stake cryptocurrency to enable total transaction privacy. This was the catalyst for the latest technical breakout. TECHNICAL ANALYSIS: We consolidated since August in this 2.80 to 4.00 range. This is our 3rd attempt at breaking out and it has succeeded. A classic 1-2-3 break out pattern....

BerlinTrader591

We've seen a massive rip in retail with XRP in the last couple days. Finally breaking out of this 6 month long Head and Shoulders bottoming pattern. Breaking out over that neckine of 42 was the buy signal. Overall, retail is still in a down trend, and that downward trendline from 2015 highs is our target as well as where we should face profit taking and...

BerlinTrader591

Nice consolidation flag on the 60 minute ETH chart. We expect this to break to the upside after the breakout of that 400 level back on the 25th. We are watching and waiting for this pattern to break out above 490 on strong volume. TRADE IDEA: Long above 490 breakout of consolidation range. Stop under 463 Target 523 (Fib level)

BerlinTrader591 Updated 

We see a clean 1-2-3 break out of that 400 level resistance. Been waiting for this since June. That's a 5 month consolidation period people. This thing is going to break and break big. Very bullish and very long over that 400 level. If we break down below that 400, then we are in for a longer consolidation period, but right now I am very confident about this...

BerlinTrader591 Updated 

PRICE ACTION: Monero has had a nice run since hitting a low around 80 in early November. It shot back up to those old August highs around 150 and broke out without much difficulty with a strong bullish candle on high volume on November 22. When price breaks out to new highs, we like to see a restest of that break out level. If price falls back to those levels...

BerlinTrader591

ARK has steadily climbed right back up to it's old IPO highs at around 4.50 from .03. We need to break this resistance to see a new leg higher. It has consolidated since September sideways under that level until bouncing off the upward sloping trend line, a bullish sign. The longer we consolidate under this level, the stronger the break out might be. We want to...

BerlinTrader591 Updated 

THE STORY: Bitcoin's price almost doubled since October. Time for a breather? Money seems to be flowing into other coins like Ethereum, Dash, Litecoin and Bitcoin Cash. Doesn't seem like there is enough momentum to propel us up another leg at the moment. If we do get another push up, I would look for it to fail. BEARISH SIGNS: Strong Selling pressure since...

BerlinTrader591

PRICE ACTION: In previous boxes, price has consolidated for a few months. But the last range between 5k and 8k broke out on the second attempt on November 18. We consolidated for a few days above that 8200 level, and now we have broken out of that flag. Originally, I was planning for another rangebound BTC before breaking out like we've seen in previous boxes,...

BerlinTrader591

Vertcoin crashed all the way from it's Feb 2014 ICO highs from 11 USD to .005 USD. A lucky man who scooped up that low, because at today's price of 4.35, they would have seen an 860x increase in price. VTC has climbed straight up since April 2017 and it doesn't show any sign of slowing down. Volume shows bullish spikes, RSI gets overbought and not oversold, and...

BerlinTrader591

We continue to see money flowing through the various crypto currencies like currents in the ocean. NEO looks ready to surf the wave that we've already seen pass through Bitcoin (to 8000, then pullback), BCH (to 2000+ then pullback), DASH (to 500+ and then pullback). It's pressing up against the top trend line of this July to November consolidation range. The...

BerlinTrader591

This is a 60 minute chart analysis for a shorter term trade. Longer term, we want to look at the daily chart. And there, we see that we are bouncing off a longer term trendline, which gives us a bullish bias. On the 60 minute chart, we see a consolidation range from 9 November that is finally breaking out to the upside. If the breakout holds, then the first...