HFBN

HFBN

I'm giving BTC a try for the first time since getting out of the market in December '17. Chart looks pretty bullish right now. Nethertheless, this is a pretty risky long term trade, so I'll keep position size small und may add some if momentum develops. If Bitcoin falls below 5000$, I'll expect some further downward movement and will be stopped out. This is...

HFBN Updated 

Is this the end of the correction or is this a bull trap? We don't know yet. Nevertheless, it's worth a shot. Bitcoin is showing new strength by breaking 15000$ resistance level with highly increased volume. This is also the bullish confirmation of a symmetric triangle pattern. Depending on future movement this could be a short-term trade or the opportunity to...

HFBN Updated 

Unfortunately, my first analysis up here on tradingview did not work out (pattern was never confirmed), so today I thought it's time to give it a another try. After all, it's not to late for some beginner's luck. Over the last months Ethereum formed a ascending triangle pattern that may not be perfect but sure looks good enough. Ether breaking 400$ with highly...

HFBN Updated 

Here's my new favorite: IOTA. Technical: During the ABC - correction, a falling wedge was created. Falling wedges are normally known as bullish chart patterns. IOTA breaking this wedge in combination with the bullish divergence both in the MACD and the Stochastic RSI gives a strong bullish signal. Because there is a more or less strong resistance at 4.00$ now, we...

HFBN Updated 

Unfortunately, my first analysis up here on tradingview did not work out (pattern was never confirmed), so today I thought it's time to give it another try. After all, it's not to late for some beginner's luck. Over the last months Ethereum formed a ascending triangle pattern that may not be perfect but sure looks good enough. Ether breaking 400$ with highly...

HFBN Updated 

First off all, I'd like to state that I am not at all hating cryptos or denying the potential of the blockchain. But in my personal opinion, what happens to Bitcoin right now is nothing else than ridiculous. The more I am reading about "Financial Bubbles", the more I have to draw the conclusion that Bitcoin may very well be exactly that. So, before everybody...

HFBN Updated 

Bitcoin seems to form a pretty clear "complex Head and Shoulders" as tought by John Murphy in his book "Technical Analysis of the Financial Markets", one of the foundations in education of technical analysis. As Bitcoin was not able to set a new high, we may now see the start of a correction initiated by exactly that head and shoulders. The decreasing volume from...