As expected Ethereum did go lower and hit major support now. Not only that the falling wedge is on the last days, but also the Quarterly Pivot Support 1 and the Monthly Pivot Support 1 (which is going to change tomorrow) are now anchors for ETH. Going any lower than this, will change my future-thoughts about the mid-term development of the entire market, not only...
Yesterday / last night have destroyed our symmetrical triangle on Bitcoin and pushed it towards the $9k. Most of you already know, that this is anything else than a bullish chart pattern and may break very soon OR can still swing for a while, up to a couple of months possible. We are already within the red support key-level and need serious, serious bulls to turn...
Good morning, "someone" had something against the breakdown of this major symmetrical triangle and pushed the price up to the very important Apex Median of this big symmetrical triangle, that still looks very valid. Especially after the last two spot landings on the ascending support and the reversal, the triangle looks strong. This means nothing else, then: Any...
Tron is pretty much stuck at the current resistance of the falling wedge and has to move now or looks down to new lows and forming a proper downtrend on daily, currently, it is only mildly bearish. It is well worth watching this, especially because on days like yesterday, some altcoins just break upwards. Many alts have this falling wedge as the underlying...
Bitcoin´s "Symmetrical Triangle", together with the current trend it has a slightly better chance to break upwards. This is not a forecast as usual. Everything you need to know is explained in the chart. Remember there is always a chance pattern will not work out. Note: This is a log chart, targets are measured with $ not...
Good morning, from my side (cause I do see it happening again and again), a little reminder of how Head & Shoulders is looking like and how you should draw it. Too often misused and misunderstood, I don´t wonder why most of the trader´s or technical analyst youngsters are not successfull trying to trade this. The same rules apply to an inverted Head & Shoulders....
Ethereum did not manage to overcome the "BO-Level" after it bounced off a former breakout-bevel and is yet not showing any signs of recovery. It´s the opposite, producing a trend-follow H/T right now, was not a very good start also maybe printing a hidden bearish divergence today. No reversal signs are seen on Daily so far. Although passively sitting on a rather...
Litecoin is approaching the Quarterly Pivot and maybe due for the next Major Support, where we have to wait and see if it´s enough to make the reversal for LTC and guide it back up to bulls-zone above $100. Formerly mentioned the $60´s are possible, I wouldn´t wonder if we close a 3D further below. We have changed from a weak uptrend to a weak downtrend on...
Good morning guys, sorry if I am a little quiet at the moment, still struggling a bit here. Anyhow, I am aware a lot of traders already called the bottom and classified bitcoin´s recovery as break-out. I´d be very careful with this, due to the fact we are just in front of the very important Monthly Pivot, that usually has the ability to turn the picture very...
I am very sorry I am not on my actual Computer due to a hospital stay, but still a quick update from me: ADAUSDT is just sitting on the lower support of the potential falling reversal wedge. Due to the fact I cannot see any signs of relief right now, I am going to stay away from any pre-mature spot buys, also because Bitcoin is not out of the woods yet. Even if...
Good morning guys, Thank you for your well-wishes guys here and via DM, really sweet! No, it´s nothing serious. :-) Bitcoin by the looks accepted the red secondary trendline (and the yellow box) as new resistance. The former A&E-Bottom plus the Quarterly Pivot seem to be our target for a daily close. This is a very strong key-level, where it is going to needed...
Litecoin has thanks to Bitcoin´s action the last days through the minor support and is about to finalize the End-to-End (Ichimoku-Cloud) on 3D. Two different things to mention: 1. We said before, that the $60´s are possible, Litecoin better does not go any lower than that, the trend is in danger with nearly forming a bearish Cloud. 2. We are approaching a...
Bitcoin has made all its way down in only two days and now hitting the formerly mentioned potential bullish triangle support. This is a very hard approach that needs to be smoothed by a green candle tomorrow otherwise, the next support target is around $9500, where it would be immensely important not to fall through to keep the bullish trend alive. The monthly...
Looking at the Daily interval of Bitcoin, we find now the formerly mentioned triangle-support just below us and in reach. Yesterday´s supports did not hold, so obviously it becomes more likely we at least can go to down to that yellow diagonal, where it crosses a secondary trendline. If we are hitting that, we need to wait for potential reversal signs. The "PB" -...
After Bitcoin finally decided to go for the green scenario and broke down, it is just now hitting the first bigger support. It´s a combination of the Monthly Pivot & a Channel-Support, also Bitcoin is quite oversold. Watch the levels, shorters might want to think about securing their positions nicely, two ways to go from here and don´t forget not letting winning...
Currently, ETHUSD is holding above this very important support-line but seems to struggle to bounce off it. Looking at bitcoin and it´s potential to go lower, trader´s who are long on Ethereum should start reconsidering their position in case they were not able to set tight stop losses. Also, the Ichimoku-Cloud is about to turn, on 3D this would not be from...
Bitcoin barely making anything interesting, but as you know this can change fast, keep a good eye on the red diagonal and the break-down level for confirmations of short-term direction. Market dominance is stable and targets above and supports below remain the same. You should all use the time in between to do something cool! Set alerts and get away from the...
It´s Sunday and usually a day, where moves can happen to form the weekly close. The weekly close is always important for the upcoming week. After yesterday´s triangle break-down there are a couple of different ways to go and honestly, everyone has a different opinion, which is usually a very strong sign, that the market is indeed as undecided as it looks. There...