CryptoMichNL

CryptoMichNL

Descending triangle, symmetrical triangle, we’re going to retest $6,000, inverse head & shoulders, Bakkt futures is going to be negative for the market, just like 2017 CME futures have been. All things that I’ve been reading lately on twitter or on different channels and basically still calling it noise. Yes, this could be a descending triangle, however even if...

CryptoMichNL

Pretty simple chart here. The altcoin marketcap has seen a nice rally upwards with Bitcoin through the second quarter of 2019, however couldn’t really outperform Bitcoin (aside from BNB and LINK). This is identical to the first stages of the last bullcycle. Through the mid part of 2015 the altcoin market cap also had a first push upwards, basically through...

CryptoMichNL

Hello, Welcome at a new post! Back at Tradingview, back to posting my charts and views here, as Twitter is not providing me enough space to go for. Therefore decided to start posting weekly charts here on Bitcoin and the market. If an altcoin or another chart is providing a setup, I’ll post that one during weekdays as well. So, what are we looking at with...

CryptoMichNL

Good afternoon, Happy Easter to everyone in the cryptospace and to the people reading this new weekly update. Pretty boring week in trading land (Except for Binance Coin and BAT moving hard the past week) and volatility and volume is drained downwards. Not expecting next week to be the same boring level and expecting that we finally see some interesting action on...

CryptoMichNL

Good evening all, Welcome at a new weekly read up on my thoughts about the market. Massive breakout we’ve seen two weeks ago, right? Something of that size I didn’t expect to be happening, as you’ve seen in my previous write-up, however, what is there to be expected right now? Just first I’m just sharing what I can see on the charts and combine that with the...

CryptoMichNL

New weekly write-up on the perspectives regarding Bitcoin. Let's first start off with a small summary of what happened in the past week. Bias was pretty much bearish when we were hanging around at $4,200, which you can see in the past posts I've made. I was short on that position, however when we dropped down on the rising wedge and kept the channel in place,...

CryptoMichNL

As discussed, a new update regarding the Bitcoin TA I’m posting here on TradingView. Is my bias shifted a bit? Well, short term it’s a bit shifted. My main perspective was that we were dropping downwards after rejecting around the downtrend line, however that bounce at $3,900 on the bottom of the upwards channel confirmed that we’re not going down soon....

CryptoMichNL

HISTORY DOESN'T REPEAT ITSELF, HOWEVER THEY ARE OFTEN ALIKE. Sounds familiar, right? Well, I want to repeat that sentence, as I feel I have to in the current market circumstances. What's the hardest part to deal with in trading land? Well, social media. When a few people start to become bullish, the whole group is taking over, while there are not many reasons...

CryptoMichNL

Zoomed in view on Bitcoin at this point after I’ve posted the bigger perspective already. Don’t worry. I’m long term very bullish on Bitcoin, however I’m expecting one more big dropdown before we can continue the upwards movements. Now the zoomed in perspective. What do we see? - Rising wedge structure here with weak volume in the upwards movements after we’ve...

CryptoMichNL

Why be bullish, when there are no breakouts of downtrends at this point? Personally I’m serious confused by the bullishness of the market lately, while we didn’t break any major downtrend on either Ethereum or Bitcoin and we had a major selloff three weeks ago. Also, I’m enjoying the typing on TradingView, so I’m going to do that more often in the future, as...

CryptoMichNL

HISTORY DOESN'T REPEAT ITSELF, HOWEVER THEY ARE OFTEN ALIKE. A famous sentence with which I'd like to start this analysis. My first one after a long time on TradingView, my first one of hopefully many analyzing crypto, forex and equity markets. What have we seen on Bitcoin? We've seen a huge breakdown of the floor in November, after that a few rallies upwards...

CryptoMichNL

Hello people, As already explained in the BTC post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier (BTC 20k). The scenario is called: buy the rumour, sell the news. Currently we see a huge dump going in to a...

CryptoMichNL

Hello people, As already explained in the BTC post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier (BTC 20k). The scenario is called: buy the rumour, sell the news. Currently we see a huge dump going in to a...

CryptoMichNL

Hello people, Good day. BTC breakout upwards, fine. Altcoins seemingly bouncing after capitulation, grazi grazi. As already explained in the BTC post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier (BTC 20k). The...

CryptoMichNL

Alright, as discussed I wanted to post a new updated posted on Stratis here. I think this is the best moment to buy Stratis and probably we won't see the same opportunity once again here. As already explained in the Bitcoin post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto...

CryptoMichNL

Hey guys, How are you? Back on TradingView with the updated version of the chart I've created a few months ago, where I was expecting the retracement from the 10K zone onwards towards probably this 5.8K zone as given scenario. We've reached that, so little update. First: fundamental part. Potential ETF rumours. Wider adoption by MasterCard and other companies,...

CryptoMichNL

Alright, welcome all with my posts on TradingView. First task: updating the coins I posted here a few months back, so all the charts are back up to date once again. First our friend Stratis. People are losing faith in this one --> strong indicator of a bottom coming in. We’ve expected upwards movements in April from $3 to $8, as the $8 is a strict resistance...

CryptoMichNL

Alright, I’ve not been posting on TradingView lately, just didn’t have the time. But the charts on Bitcoin were doing fine and we went to the depressed phase, right? So, what are we going to do now. I’ve posted a chart on another medium earlier this morning where I’m describing that the correlation with the Dow Jones index is massive on this. Dow Jones index did...