Wanted to publish it yesterday, but was to scared to call a bottom on bcash. I don't want to trade this scam, but if others want they are free to do so. I just like what I see in this chart and I am putting my emotions aside to post this. My RSI 21 OHLC made one of my best and most profitable patterns : Hit RSI trendline, in an extreme oversold condition and then...
'' Many are saying the bull has resumed, I politely and respectfully disagree as I see no indicators or any confirmation from breaking previous resistance levels. However as I have stated many times we do not trade nor invest on feeling alone we trade on probabilities. Price movement is not an indicator of a bull market as in any bull market we have selloffs and...
If somebody tells you to draw crypto charts with simple single lines and not areas of support and resistance, he is totally clueless. People that just moved here from stocks have no skin in the game. Cryptos are volatile and especially if you don't create your own indexes across exchanges, it is very hard to have a good picture just from one exchange. Also...
We are in a very weird situation where the signals are very mixed and the direction is unclear. Slightly bullish above 3900$. Very bullish above 4100$. Bearish below 3450$.
Hello everyone! Recently the volatility in crypto has skyrocketed, while the market went down substantially. I personally don't believe we are near the end of bull market or what others call a bubble. In a post I told people to get in at 3000$ or regret it. But that doesn't mean hold forever... Even though we had a massive recovery and we bounced of the previous...
Hello everyone! Litecoin like many other cryptos are doing pretty well while Bitcoin is resting near its ATH. This is some simple trendlines and a channel, where you can see the support and resistance. When it hits the top lines it is bearish and when it hits the bottom it is bullish. Looking at oscillators and volume is advised in case it breaks above or below...
Bitcoin has been stuck in this range for a while. I believe there will be a resolution within the next week. Idealy we would stay above the first trendline, break the 4500$ zone and move towards the psychological level of 5000$. I believe we could see a breakdown towards 4000$, shake out a few weak hands and then move 1000$ towards 5000$ asap. Maybe dip a bit...
Hello everyone! So BCH hit the 0.618 FIB which happened to be the 2nd of the 3 support zones. It also hit the broken resistance line which turned into support. Now BCH has slow blocks, which makes it a lot easier to pump (it means users can't really deposit coins into exchanges to sell them, so the already restricted supply, gets more restricted). Miners sold...
Hello everyone! Monero has formed a penant and in my opinion is ready to move towards 150$, then 180$ and finally 200$. However like it did with my previous idea, it first broke one support and moved to the final one before going back up. There are many reasons to be bullish on Monero right now, but here we are looking just at TA. Also, Monero, during its...
Monero has been very quiet over the last few months, compared to other cryptocurrencies. It has great potential and now it is ready to pump hard. Bithumb, a Korean exchange, with very high volume (the highest on the planet in Bitcoin and Ethereum), is about to add monero. Monero has doubled in USD terms over the last 5-6 days, but it is sitting near its all time...
After its mega pump and dump, Bitcoin cash is aiming for a second round. After doubling in a day, it aims to take another 50% increase (or 3x in a few days). It is a clear cup and handle, with a target at 0.18BTC. However there is strong resistance between 0.14-0.16, where you can sell and buy back in lower before the final target. So if 0.12 is broken with high...
Bitcoin has moved more than 10% intraday and more than 15% since the local top. XBTEUR and BTCCNY are near support and I believe we could see a 100-200$ rally in the short term. I would be buying down to 2350$.
The pair is in a weird range, that looks like it wants to become a proper downtrend. Yesterday I posted about a BTCUSD Long opportunity but that looks hard to last much longer, as BTCChina has a different opinion. Right now I have a small long position which I am ready to close as things could get real ugly pretty soon.
First tip : Never look at charts, especially crypto charts using a single line when you are drawing support and resistance. Use channels and areas. We are at a place where there is a lot of support. Horizontal support, past strong extrapolated support and resistance that was broken (which turns it into support). We are at a crucial point, especially with all the...
1230$ is a potential area where gold should either bounce or it goes bearish again. I believe it is going to break as the dollar and the stock market are kinda oversold, and gold is negatively correlated to these two! Next top 1215$, before things get really ugly for gold.
If we break this support area, I believe that it would be prudent to buy the dip around the 5300-5450! The rally isn't over, but there is some room to the downside. As for S&P500, 2380 looks like the next local low!
Hello everyone! Below I have some logarithmic and some normal charts with their potential support levels. The main chart is my logarithmic BTC-e Chart, which last night held support perfectly. However if that support breaks, we are going to need other charts to get some entries/exits for our longs/shorts. My belief is that we are going to hold at 2200$ for a...
Hello everyone! On the fundamentals side : I believe the altcoin/token bubble is over. Most of the altcoin charts I see point down and the same goes for Bitcoin. I am of the opinion that this bubble popping will bring Bitcoin down with it (but to a much lesser extend). Also, as you might have heard, Bitcoin has had a problem upgrading due to some miners...