Haceru

Haceru Updated 

It's been a while since my last post, but I think I see something too good to miss ... bearish divergence, H&S, Elliott waves, declining volume and trends. All these point to a correction ... maybe down to $47,000-ish?

Haceru Updated 

Not sure where to start, but maybe DOW Jones is as good as any other indicator. On the daily / monthly charts, a clear H&S formation can be seen, with a lower high (right shoulder). After a constant uptrend since 2016 at least (if we are not to count from 2009) this is a very clear indicator the markets are stalling and there is no more room for going up anymore....

Haceru Updated 

Not much to say here, since this is pure speculation ... anyone's guess is as good as anyone else's. So, here is mine: a bat formation with the high limit around $15000, somewhere in May. The RSI just curbed up from the limit of oversold territory so we might have a chance here. As always, this is in no way trading / financial / investment advice.

Haceru Updated 

I haven`t posted any ideas recently since the markets were relatively quiet. However, now I feel we are at a very interesting point, at least from the TA point of view. Of course we are looking at the BTC price, since it still is the main driver of the entire crypto-market. As we can see on the daily chart, the price is approaching the upper limit of the...

Haceru Updated 

For the past days I have been watching the markets with great interest since I got a feeling there is something else going on, besides what meets the eye. So here are some thoughts about where BTC and all the major cryptos are now and why I believe we are looking at a controlled market where TA alone doesn`t work anymore. First of all, TA works on the assumption...

Haceru Updated 

Today I was contemplating the charts on different time scales trying to figure out what lies ahead of the crypto-realm. So I decided to lay down a few points, just to have them on the record for later analysis once the outcome will become known. From a peak of 812 Billion dollars on the 7th of January, in just four weeks the entire crypto-world lost 50% in value...

Haceru Updated 

I think so ... what a beautiful Fib series on the daily chart, starting on the 29th of November and ending on the 1st of February. In November, BTC left the long term up-trend channel to form a small bubble on a hype before Christmas and now is back into the same channel exactly two months after. In the meanwhile, the number of days with either down or...

Haceru Updated 

Today was an eventful day with the first CMOE futures contracts being settled. It started with a big drop and ended with a bounce back right at the opening - thus a draw. However, this draw to me at least, means a little bit more, it provides a hint about the overall market situation. I picked the daily chart because is very clear from this point of view. First,...

Haceru Updated 

This is just a draft of an idea ... take it with a grain of salt since it is a long shot. We might be in a bull flag formation with a low around mid February, anything between $70-$100 based on what I see now. I will keep an eye on it for a while and update / close it if necessary

Haceru Updated 

On Bitstamp we have some very interesting numbers ... ATH of exactly $19666 with a dip yesterday at exactly $9222. Doing the maths, we had two major dips of 43% and 45% respectively, with an overall fall of 53% from the 17th of December to the 17th of January. Too "perfect" for my taste so I am wondering is it over or not just yet?

Haceru

This is the perfect example of Elliot waves and candles techniques of technical analysis of price movement of an asset, seen during the BTC correction in January 2018. It started with a nice morning star, then went on to complete a perfect 5 waves impulse cycle followed by another perfect 3 waves correction cycle. After those two waves cycles the price retested a...

Haceru Updated 

I picked XRP`s chart since obviously it was the VIP of the end of the year 2017, with spectacular gains in short period of time. This is my wish for all of you for 2018, have a great year, enjoy trading while enriching your knowledge about this fascinating new class of assets and why not, enriching your wallets as well. Trade responsibly, don`t be greedy, don`t be...

Haceru Updated 

LTC has been trading inside a symmetrical triangle ever since it`s ATH of $375 on the 19th of December. Mostly it was following the BTC price, but with less intricacies (kind of "wait and see" approach). I am expecting a breakout of this triangle in the next couple of days - no more than by week`s end. Where to ... that is a difficult question. Those triangles are...

Haceru Updated 

Even though is seems BTC is back into the up trend channel (inside a new short term steeper up channel), it could be forming a bat pattern. If this is the case, expect a high in a few days time and a low well into the lower uptrend channel around the futures contracts settlement dates. The approximate levels are in the chart, it is just a "feeling" so can`t be...

Haceru Updated 

Based on the daily chart, there are two possible formations developing. One is a descending triangle at the top of a up-trend, which is a very bearish signal of trend reversal (unless there is a higher volume towards the apex) and the second one is a symmetrical triangle / pennant on an up-trend, which is a bullish signal. There are two possible breakouts to the...

Haceru Updated 

For the past few days I have been analyzing all major crypto-currencies (that is the ones that have fiat pairs: BTC, ETH, LTC, XRP and BCH) from a more fundamental perspective, besides TA. While all of them have pros and cons, I personally believe that after a very "stormy" end of the year, out of them LTC came out the cleanest. And here is why: - there is a...

Haceru Updated 

H&S formation was invalidated by a double bottom (neckline was not broken) then a resume of a long term uptrend started in November, from the 7000 to 5000 correction. Updated Fib. levels starting from this correction match exactly the current support at 0.5 ($12700) and the "battle ground" at 0.382 ($14300)

Haceru Updated 

The same formation like BTC thus I expect the right shoulder to form just before the Bitcoin`s hard fork on the 28th however I think it will be at a lower level than the left one (maybe around $320).