CuddlyCuddles

CuddlyCuddles

During the last analysis, we accurately obtained the price objective of the falling wedge, which was 220, it took a lot of time for the move to develop, and once the price objective was hit, there was a pretty immediate drop to 155. It was mentioned in my most recent BTC analysis that the descending triangle was most likely to break out within days, and that if it...

CuddlyCuddles

Cronos Group had a strong uptrend and maintained it for about a year when there was a lot bullish speculation around cannabis as more states in the U.S. began to legalize the plant for recreational and medical use. There were huge estimations on the total worth of the market, however, an estimation on any market will come with errors, estimations on the size of...

CuddlyCuddles

Lets be real, Bitcoin broke its trendline and it broke a topping pattern to the downside, however, there is still a strong opportunity here for bitcoin and the entire crypto market to recover. The Chart: This is a chart that I have not opened up in a long time, however, in green we can see that price action has maintained a price above the green slow moving...

CuddlyCuddles

I haven't done the fundamental analysis for Amazon, however, it has been in a strong uptrend for a while because a lot of people look to amazon as a longer term investment given that they allocate a lot of their capital into research and development, growing the company significantly over the past decade. The chart: In light blue, I have drawn the current...

CuddlyCuddles

My previous analysis have been bullish on BTC because I have been looking for some structure on the lower time frames that will show that the upper trendline will be broken. This is not the case, each time a structure is made, it is broken, (I will post the structures and their breaks on the updates of this analysis). If the Alts showed more life, I would be...

CuddlyCuddles Updated 

If you have seen my previous analysis on ETH, then you know that I have been bullish on it, I was looking at a price objective of 220 for the falling wedge. It appears like it might be hit, however, we will have to see how that plays out. It has made a move to 195 and it has seen greater growth than bitcoin (which aligns with one of my macro theories), so I wanted...

CuddlyCuddles Updated 

I will update this later.

CuddlyCuddles

As of yet, there is no identifiable pattern, however, there appears to be a trend change. The Chart: In orange there was a descending trendline on the RSI that litecoin recently broke, this trendline has occurred since litecoin topped at ~140. This trendline has multiple touches, so it seems as if it is a very valid trendline, as it was broke, the trendline was...

CuddlyCuddles Updated 

I have heard too many people incorrectly state that these two monthly candlesticks are shooting stars; when, in fact, they are not shooting stars. In order to clarify this confusion, it is important to properly define what a shooting star candlestick is and its counterparts because the shooting star is actually a special case of the inverted hammer. The shooting...

CuddlyCuddles Updated 

In my previous analysis, there was a falling wedge, however, I had to redraw it because I believe that I drew it incorrectly as the was a break of the upper trendline and then a symmetrical triangle was formed. The symmetrical triangle broke to the downside with decreasing volume. The Chart: As I have mentioned before, the resistance should be the red...

CuddlyCuddles Updated 

There was a small move after my previous analysis and it suggested that there was a possibility that BTC was possibility going to retest the 10400 region. It still looks like that is going to occur. However, price action is different in this situation. The chart: What we are seeing is consistent volume and price action slowly moving up: for these reasons it is...

CuddlyCuddles Updated 

It looks like XRP is ready to pop out of its falling wedge because the RSI is on the brink of breaking its trendline and because the bodies are small and increasing in size to the upper trendline. For more Information check out my previous analysis: Previous Analysis:

CuddlyCuddles

I was expecting a drop, but not of this magnitude with this type of price action. This completely negates my last assessment of the bullish triangle, so Bitcoin got me on this one and it hurts. But probabilistically, we cannot always be right. This price action appears to be following price action which was conjecture several months ago when the parabolic pattern...

CuddlyCuddles

It has been hard to gauge bitcoin lately as it has been in this triangle. The tops that presented themselves did not hit their price objectives, however, they were tops nonetheless. Despite being tops, they may not have a retracement--patterns do not always hit their price objectives. Also, I also like to remind myself that there are two forms of correction, a...

CuddlyCuddles

Here we have a simple symmetrical triangle, which I at the time determined it would have an upward break out. The reasoning for the upward break out can be found in my previous analysis. However, in this analysis, I wanted to state that this triangle rhymes with the larger symmetrical triangle that we are currently in. There is not much to say other than the...

CuddlyCuddles

In the previous analysis, the price hit the support of 170 which was indicated to be a strong support area and price reacted very bullishly. The last analysis was more on bearish given that it had already broken out of a pattern. Currently, I am seeing a lot of these falling wedges which are naturally indicative as a very bullish continuation pattern. The...

CuddlyCuddles

Once again, my last XRP/BTC chart was very bearish, however, analysis should be as objective as possible and action should be taken to maximize profits and minimize losses. It appears like XRP and the ripple army is about ready to regain territory lost to bitcoin. The chart: In light blue, there is a falling wedge, the idea is reinforced by a triangle in the...

CuddlyCuddles Updated 

My previous analysis was really bearish, however, this one has a much more bullish outlook. There were no targets in particular, so to obtain possible price objectives, I stated to look for support around round numbers such as .25, .20, .15, etc and .25 held as support. The Chart: The green line was previous resistance from the triangle, the blue line was...