Is Ripple going to crash to $0? I know right away, that many people will immediately scoff at that question. However, as a technical analyst, I have to consider all possibilities. Before we go any further with this hypothetical scenario, I want to get something out of the way. As investors, analysts, people trying to make a buck, we must never, ever, become so...
Hi friends! I hope you're all doing well. Let's take a look at Litecoin! If you recall from yesterday's analysis, we discussed the convergence of many support levels in the same area. We had the top of the falling parallel channel (grey dashes,) the bottom of the newly formed uptrend channel (in blue,) the 50% retracement level, and the 200 EMA (in pruple,) and...
Hi friends! Welcome to this analysis on Litecoin! =D Let's jump right in. Looking at the four hour LTC chart, you can see that it had a breakout above the downtrend channel (grey dashes,) and rallied up to pierce the 38.2% retracement level, of $266.50. After that, the sellers came in and slammed LTC back down below the 50 EMA (in orange,) all the way to the top...
Hi friends! Welcome to this analysis of Tron! Let's jump right in. If you recall from my last post, I highlighted Tron's repeated failed attempts to rally above the 50 EMA (in orange,) and I told you that Tron would likely head lower. As you can see, Tron has done exactly that, with a sustained breakdown below the red trendline. Taking a closer look, we can see...
Hi friends! Welcome to this analysis on Stellar! =D Let's get right into it. Looking at the four hour chart, we can quickly see that stellar is in trouble. After breaking out of the ascending broadening wedge pattern (blue dashes,) and making an all time high, stellar broke down back into the wedge, and traded all the way down to the 200 EMA in purple (held.)...
Hi friends! I hope you are all doing well! Let's take a look at the four hour chart for Ethereum! If you recall from my last analysis, I was issuing a warning and emphasizing the fact that the awkward head and shoulders pattern is still relevant, because there wasn't a sustained breakout above the (Previous High.) As you can see, ETH has now been rejected at the...
Hi friends! I hope you are all doing well! Let's take a look at the four hour chart for Bitcoin! As you can see, after BTC produced an all time high, it has retraced back to the rising black trendline, on four separate occasions. I would like to emphasize the fact that, the more a trendline is tested, the higher the probability is that it will break. A good...
Hi friends! I hope you are all doing well! Let's take a look at the four hour chart for Ripple! As you can see, I have a label on the chart, showing you where I issued my first warning about the developing head and shoulders pattern, in Ripple. As soon as XRP broke out above the falling parallel channel, many of TradingView's top analysts were calling it a "buying...
Hi friends! Litecoin has done everything that we needed, to confirm a reversal. It is now in a confirmed breakout. Initial resistance will be at the bottom of the 38.2% retracement level, at $266.40. Looking at the chart, we can see the LTC has broken out of the downtrend channel, broken out above the 50 EMA, and broken out above the previous high, to make a...
Hi friends! Let's take a look at Tron! Or as I called it in my last post "The Bishop Don Juan Magic Tron!" LOl Ok, let's get into it. If you recall from my last post, I told you that because of the many failures to get above the 50 EMA (in orange,) Tron was likely going to head lower, to test the red support level. Looking at the chart, we can see that it has done...
Hi friends! Let's take a look at the current MONSTER of the crypto world — Ethereum! I've gotta do it people. I know many of you don't want me to, but I've got to leave that weird head and shoulders pattern up on the chart. I want to take it down, I really do, but until we see a sustained breakout above the previous resistance, I can't do it. Looking at the chart,...
Hi friends! Let's take a look at Ripple! Here on the four hour chart, we can see that it did breakout of the top of the falling parallel channel. However, the breakout has not been confirmed by a move higher. In fact, XRP has just rolled over, and is currently riding the top of the channel lower, as buyers show no interest in this action. Interestingly, we can see...
Hi friends! Welcome to this analysis of the GLD — the Exhange Traded Fund, that tracks the movement of gold! In front of you, I have the weekly chart, so, this is a bit of a longer term view, to determine where gold may be heading in 2018 and 2019. Looking at the chart, we can see that GLD has formed a large symmetrical triangle (pink,) which it has been trading...
Hi friends! Welcome to this update analysis on Ethereum! Jumping right into the chart, we can see that several things have happened. First off, ETH has moved higher than I had anticipated, with regards to the right shoulder of head and shoulders pattern that I proposed. This is a nice thing to see, for the bulls, but it doesn't yet negate the possibility of a head...
Hi friends! Welcome to this analysis on Tron! Let's jump right in! Looking at the four hour TRX/BTC chart, we can immediately see how important the 50 EMA (in orange) has been for Tron. After the rally to the all time high, we can see that Tron corrected below the 61.8% retracement level, to an area just above the 50 EMA, on three different occasions (held.)...
Hi friends! Welcome to this update analysis on Litecoin! Before we dive in, I think it is important to emphasize that my analyses are all conditional. Meaning, I determine what price action must do, in order to support a move in one direction or the another. For instance, I will always posit that for (X) to occur, (A,) (B,) and (C,) are the conditions that must...
Hi friends! Welcome to this update analysis on Ripple! Before we dive in, I think it is important to emphasize that my analyses are all conditional. Meaning, I determine what price action must do, in order to support a move in one direction or the another. For instance, I will always posit that for X to occur, A, B, and C, are the conditions that must happen...
Hi friends! Welcome to this update analysis on Bitcoin! As we can see on the four hour chart, BTC has formed a series of head and shoulders patterns. The one on the right, has broken to the downside, and price action has fallen into a bear flag. Additionally, the volume indicator is mostly red, and the 50 EMA (in orange) is about to cross below the 200 EMA (in...