CountOnCrypto

CountOnCrypto

There is currently an apparent Rising Wedge formation on the 1h BTC:USD pair. This is highlighted by a few factors; there is a downward trend of volume in addition to a bearish divergence on the Relative Strength Index (RSI). We would be looking for a large bearish spike on the Volume indicator whilst testing the 0.382 Fibonacci $53845. The RSI also needs to...

CountOnCrypto

Good evening ladies and gentlemen, I have spotted a potential head and shoulders forming on Ethereum. My short-mid term bearish bias is similar to my last idea. I have since taken some more profit from ETH:USD to stablecoin(s) ( USDC ). We have seen some explosive price action in the past weeks from Ethereum , I am with strong belief that the market is very...

CountOnCrypto Updated 

I believe that we will see a correction to around $2250. The ETH:BTC pair is currently at the top of the range in my opinion, I believe altcoins will have a run over the next few weeks. I'm expecting market makers to punish overleveraged positions and people who've fomo'd around the current price. I am not shorting this with leverage, I have in fact taken some...

CountOnCrypto

I can see an inverse head and shoulders pattern clearly on the Bitcoin chart, it is slightly deformed but that's not a problem in my eyes. We could potentially break down as low as the left shoulder which is why I've marked a stop loss clearly below that level and below the .236 Fibonacci level. I expect us to breakout then re-test the dotted Fibonacci line as...

CountOnCrypto

In accordance with the BTC Hash Rate and Hash Ribbons , I believe that Bitcoin is going to 100k between now and mid-July. The hash ribbons indicator evaluates market sentiment and potential miner capitulation by using the one-month and two-month simple moving average of Bitcoin’s hash rate. Whereas, the Hash Rate indicator is calculated based on the number of...

CountOnCrypto Updated 

Bitcoin has performed exceptionally well this year, so much so that it has changed the lives of many people. Recently, there has been an exceptional amount of money printed. Anything that's valued in USD is currently inflating including Bitcoin. Traditional stores of value are becoming a thing of the past with new decentralised finance projects starting every day...

CountOnCrypto Updated 

Tonight's trade analysis features a long term trendline starting on the 28th of December at 08:00 . This level was a support-turned-resistance after the previous 25% pullback, much similar to the one we saw in early January of this year in terms of its percentage and general effect on the sentiment of the market. People are seemingly very shaken by the price...

CountOnCrypto Updated 

Good morning Earth, today we are looking at a possible re-test of the previous high at $1882 for Ethereum. After an approximate drop in price from the top of 13.5%. I am expecting this to happen around 2:30 pm UK time when America wakes up, my thoughts are that we will form a double top pattern around $1936 in the next few days and then re-test the previous...

CountOnCrypto

In my previous analysis, we saw a nice breakout from Polkastarter, I believe that we are now near the next bottom, I have plotted a new Fibonacci Retracement with my next target set at $9.28. Because of the Polkastarter platform, I believe this retracement is nearing the end and we shall see some lovely bullish price action in the coming days. I am holding this...

CountOnCrypto Updated 

Good afternoon, it's not normally this late in the day that I post my BITSTAMP:ETHUSD forecast but here goes nothing! I am expecting a short term re-test of the previously formed support level, I will open a long position from around here and expect to close somewhere near the upper resistance line of the current channel we're in. Don't be afraid of a...

CountOnCrypto

Here is another altcoin I have just invested in, I believe this coin has high potential to return to it's all-time-high and beyond as it regains market cap. The CM Williams indicator indicates that we have bottomed out and we are nearing another bottom. I think that as this is a Finance coin, there is a higher probability it has better long-term potential. My...

CountOnCrypto

Here is the second addition to my newest series of ideas, the altcoin forecast . This evening I am showing you a coin I have been following for a little while called Hive, I recently purchased this at around 0.22 and was in profit yesterday by over 70%. I am currently holding this Hive and am expecting a further pump to the 1.618 Fibonacci Retracement level. I...

CountOnCrypto Updated 

Ethereum has been consolidating sideways since we topped out at $1182 recently, I have been eagerly watching for an opportunity and solid confirmation. This is shown on the Fibonacci retracement level I have plotted. Ethereum broke down and found support on the 15th of February in the early hours of the morning at $1650; this is shown in green on the CM Williams...

CountOnCrypto

Today marks the first new addition to my forecast series on TradingView, I shall be posting an altcoin series containing some of my favourite picks. The first long term pick is Polkastarter, I am expecting the USD/ USDT value of this cryptocurrency to be around $10 at the beginning of March. I shall be holding this token long term and buying each dip where I see...

CountOnCrypto Updated 

I think $2000 Ethereum is right around the corner, the ball is going to drop any moment. I large chain reaction will take place, there will come a time where Ethereum breaks it's all-time high once again and smashes my previous long term target of $1920. Remember to use risk management, I am keeping the context of this idea fairly short. I was waiting for...

CountOnCrypto Updated 

I posted an Ethereum chart on the 7th of February and I was able to accurately trade several long positions throughout the duration of the past few days using Fibonacci levels as an idea of support, resistance and entry/ exit. I believe that COINBASE:ETHUSD will retrace and find support on one of the lower red trendlines unless we continue and break upwards...

CountOnCrypto

Sunday is historically a blood-red day for cryptocurrencies, we have seen so far today a near 10% pullback. Pullbacks are a necessary part of a bull market to encourage new players in the market. They liquidate over-leveraged positions amongst other things, a way for the big players to profit. I imagine if this is the bottom we should expect to see a...

CountOnCrypto

A simpler idea for Ethereum today, I am looking for it to either breakout bullish/ bearish. I used the SlingShot indicator with the 30m 50 SMA to confirm bullish strength to start building up a long position between here and the lower Fibonacci levels. If we break bullish then I would expect us to near towards $1920-$1970 toward my 1.618 Fibonacci level. ...