Good day traders,
Someone on Twitter had a request in regard to BTC dominance so here is my analysis.
Previously, I counted the rise in BTC's dominance as a five wave structure but something just didn't felt right so I've changed my mind in regard to the count. But don't worry, the outcome is still the same:
We are near a turn
As you can see, I'm counting the...
Today we will discuss Huobi Token. Just like BNB, Huobi rewards exchange users for their loyalty with lowered transaction fees while also carrying its own value in tradable pairs against popular currencies.
And HT did it pretty well as it surged 120% during the first months of this year. We think that this will continue but traders need to be...
Small update on ETH today. Right now, we're hovering arround the golden ratio zone. And as you can see, there is a lot of resistance here. Bulls need to show us what they have got.
Feel free to contact us on twitter or telegram
We are back with a small update on STEEM. Last Sunday we made a call that STEEM topped against Bitcoin and that it needed to decline again. You can read it here.
So far, this call worked out perfectly but we see something that calls our attention:
- The pullback happened in three clear waves.
- Wave C equals wave A in price at the...
Pretty boring market so we will discuss something else today as we take a look at gold. You probably all think now: "What the fuck has gold to do with Bitcoin?". Well yeah not that much. However, we often keep an eye on the Bitcoin to gold ratio. It helps us to stay clear of the constant bullish bias that prevails in the crypto community.
We are back with a small update on ETH. Last Saturday we have tweeted that you needed to be cautious because the recovery occured in three clear waves. Which basically meant that further weakness looked around the corner. Furthermore, since that tweet, Ethereum retraced more than 6%.
For now, we think that this retracement still has some room but...
We are back with another elliot wave count. This time we are looking at STEEM/BTC. Steem outperformed BTC as it nearly doubled since February. A move like that always catches our attention! Although we are getting cautious now.
We are witnessing heavy resistance arround 0.00013581 BTC. And we think that this isn't coincidence. By our count, we are...
We are back with a new interesting trade! Yesterday was a very profitable day because BNB reacted as expected. It went down and we scalped some longs along the way down.
This time we don't trade BNB against tether. Instead, we will use the BNB/ETH pair!
We think that ETH can outperform BNB with +- 9% so we will switch some BNB to ETH and buy it...
Yesterday, we warned on twitter that ETH would correct but it seems that this correction could be over already. It kinda looks like a flat because we can count three seperate waves with C=A. However, this pattern can still turn out into a descending triangle (see example). Something that would result in a little more sideways action.
We converted some BNB into tetherus because we think there is a good chance that it will come down a little during the next couple of days. It went up pretty hard and fast so a small retracement seems right at this point. Especially with bearish divergence on several timeframes.
Keep an eye on these major support zones
Zone 1: 11.47
We are back with an update on Bitcoin. Earlier today, our call to short BTC seemed a bit unlucky but these things can always happen. Only paper traders never make mistakes! And before we forget, we only lost a very small amount. Elliott wave is an excellent tool for risk/position management. If you know what you are doing, you can use it to cut...
Earlier today, we have shared on our Twitter feed, that it’s really hard to be bullish at the moment. Let’s discuss why.
First and foremost, we want to point out that bear markets often take much longer than the average person thinks. We are very skeptical about the many reports in which 'top traders' or 'experts' state that we have hit the bottom. Our Elliott...
Hello crypto traders,
We are back with an update on Fetchai! Our stoploss got hit on Saturday so we concluded that something was wrong with our idea. We decided to wait until we saw better opportunities. We really think that this is the moment of truth for Fetchai!
This crypto asset declined eventually in a nice ABC zigzag pattern. It's pretty common that a...
BINANCE:FETUSDT just became impulsive which means that we will see more upside in the near future. But before that can happen, it needs to retrace again. We will buy FET back when it penetrates the 0.41-0.42 zone.
Yesterday we talked about the possibility that FETUSDT could retrace after it soared 20%. We forecasted a classic A-B-C zigzag pattern that usually halts around the 61.8% Fibonacci level but we retraced slightly different this time!
FET retraced in a horizontal triangle that consists of five sub-waves that form a 3-3-3-3-3 structure labeled as...