In my previous post I argued that DOGE would see parabolic growth very soon because it broke out sharply from the rising channel. It happened, but sadly the price fell sharply after this week's BTC drop. However, the intention of rising is still there. I'm not sure if we can see $0.005 anytime soon, but reaching the most recent two big resistances could be a...
LINK is proving again that it wants to go up. The recent fall in price was a mere short-term set-back. The trend that held since the summer, held again, which signals that we can expect an increase in price in the coming week. Consider $16 and $20 as the main price targets. $16 because it's based at the most recent peak, $20 because it's the All-Time-High. My...
XLM is one of the few crypto's who shows signs of bullish behaviour after this week's sell-off. Best to bet on a double top scenario with a tight stop loss. Since we are betting on a double top, consider exiting your position around $0.22. If the price thereafter falls, consider entering a short position.
GBP/AUD is forming a Head and Shoulders pattern. Since the head is pointing upwards, this counts as a bearish pattern. Support 1 is chosen since it's located at the base of the head and shoulders, reasonably conservative play. If you're feeling lucky, consider Support 2 as a potential target. Great R/R but with a higher risk. Another possible trade would be to...
For several months now, GBP/NZD has been following a wedge. In the last two days it broke through the lower limit, signaling a bearish move. Support 1 and Support 2 are areas of potential reversal, especially Support 2. Support 1 at 1.88 is not necessarily an important area, but since the market is very unpredictable 1.88 brings a decent enough R/R. Support 2 has...
As we all have seen, Bitcoin made a sharp turn downwards this morning. However, it didn't go down all the way, seems we got saved by the lower trend line of the channel. If this trend line manages to hold this week, we might see Bitcoin continuing its rise towards $20,000 and beyond. Before entering a long position, wait for the trend to confirm. My suggestion...
AUD/JPY has rejected th support at 77 for 4 times now. I think the pair is ready to drop. Consider Support 1 and Support 2 as good areas to exit your short. Support 2 has an amazing R/R, but higher risk. Support 1 would be the most conservative exit.
BCH, like many other crypto pairs, has seen tremendous growth over the last couple of days. The last wedge was succeeded by a strong bullish move of over 25%, we are currently at the end of the second wedge. is a new bullish move coming? The first real resistance this pair will encounter would be around the psychological area of $400 (~15% gain from current...
XRP Has been growing immenslly since a few days. Luckily for us, XRP is following a clear pattern. The pattern appears to take around 2.5 days to complete, resulting in a ~65% increase in USDT value. Whether we will see the pattern unfold a third time will be clear in less than a day. If XRP manages to break out of the upper wedge, I expect the price to reach...
EUR/AUD is currently residing in an area of strong support, dating back more than 14 months. Historically, this line has held pretty strong, signalling potential short term bullish moves. Consider exiting the long position around either Resistance 1 or Resistance 2, with the first being the most conservative.
A week ago I made the prediction that Gold would be falling soon, and falling quickly. Little did I expect it would happen within a week! Since gold is close to the $1800 support, we can either see a small bounce or a break through the support. If we get a daily candle which closes below $1800, expect a major sell-off towards Support 2 around $1720.
Bitcoin has hit the upper level of the channel. Indincating a reasonable chance for a short term reversal. Wait for the price to close below the confirmation line before going short. Also, check out the support line as a good possibility to exit the short position. Since bitcoin is very bullish at the moment, keep a close short-loss since you can easily burn...
In my last post about CHF/JPY I predicted that this pair would follow a nearly perfect wedge, which in the end came true. Now, I make the same prediction, but the other way. Consider exiting the long position around the green area, since it's located around the upper trend line of the wedge. Happy trading!
AUD/USD is near a 3 month old resistance, which it has failed to break several times. Will it bounce off again? I suggest Support 1 and Support 2 as great potential exits for the short position, both with good R/R ratio's.
Ethereum is rising very rapidly in the last few weeks. Whereas the rising was more gradual at the start, it's starting to show signs of parabolic behaviour since a few days. This parabolic move blasted the price through the upward sloping channel, signaling more bullish movement to come. Since there aren't any big resistances in the vicinity, the price has a lot...
Apple has been following a perfect wedge pattern since August. Recently it tried to break out of it, without any succes. This rejection signalled a short term decline for the stock. Consider exiting the short position around the green area, since its close to the trend line and therefore risky.
Google once again rejected the upper trend line of the ascending channel, signalling a short term decline. Consider exiting the short position around the green area, since it's close to the multi-month trend line.
Twitter has been following this upward channel since the corona crisis lows, with a recent bounce from the lower trend line. Consider Resistance 1 and Resistance 2 as areas of great selling pressure, thus taking some profits around there.