Mansasuma

Mansasuma Updated 

Welcome! Consider this a follow up on my previous S&P 500 analysis which you can find here: My outlook on this global economic barometer hasn´t changed - I still believe we are in a bear market with new lows to come. Today´s analysis is very simple but, judging by S&P´s history, very powerful. We are right in front of a 2-day death cross between the 50 and...

Mansasuma Updated 

Welcome! I´ll keep it short. What we have with LINK on the daily is a perfect HMA sell signal. Of course this doesn´t mean the signal will always play out but let´s just say when I see such a signal I absolutely respect (and trade) it. And it would make sense, if you look at the 12H timeframe, there has been a strong bearish divergence forming for basically the...

Mansasuma Updated 

Words are not needed on this one as I will provide plenty of TA arguments in the comments. I will say this though yesterday, on the 15th of March, news came out that the FED cut its key interest rate to zero and plans on injecting 700 billion into the economy as a stimulus. The problem is, the futures market absolutely TANKED in what normally would have been a...

Mansasuma Updated 

Welcome! Unfortunately I wish I had a more positive analysis to post on here but the fact of the matter is that the world is in a very unique situation right now, in a situation where financial markets simply do not matter as people are, due to the coronavirus crisis first and foremost worried about health, food, water and security and not capital gains on...

Mansasuma Updated 

Will this time be different?

Mansasuma Updated 

Welcome! ETH has a perfect HMA sell signal on both ETH/USD and ETH/BTC, which indicates extreme downside pressure. I would be looking at 180$ as the first area from which ETH can genuinely bounce or perhaps even bottom as we have clusters of support around that region: - 200MA - the mean of the weekly bollinger band - weekly bullish breaker This also implies...

Mansasuma

Welcome! I´ll keep this short and sweet, as always. Apart from the professional traders or maybe those who have been in the crypto game for quite a while now, nobody knows that Bitcoin´s price action isn´t dictated by Bitstamp, Binance etc. but by CME Futures. As they are an institutional broker, they essentially represent smart money. Looking at CMEs, the...

Mansasuma Updated 

Welcome! First off I want to be transparent with my last idea where I stated BTC is going to have a rally. Clearly that didn´t happen BUT I had very valid technical reasons for thinking so and called a lot of the movements in that period right. In fact, I even shorted the top at 7.5k as I saw things change in the market. You would have known too if you´d follow...

Mansasuma

Welcome! You think you got clickbaited don´t you? Don´t worry, let me show you the way to valhalla. What we have is an extremely rare but also extremely bullish TA signal. The Ichimoku cloud. Not my favorite indicator as it flashes signals relatively rarely but when it does it´s time to pay attention, this one flashed this particular buy setup just for the 10th...

Mansasuma

Welcome! I´ll keep this short but sweet, if you want full explanation on why I think we are ready for a big rally visit my Twitter, where I shit post a couple of times per day. twitter.com With that being said, key points: 1. underlying market dynamics - sentiment is universally bearish, everyone and their pet goldfish wants to short this thing, what does the...

Mansasuma Updated 

First of, apologies for the clickbait-ish title - it´s the only thing that gets people to pay attention nowadays apparently. With that being said, the tittle is not entirely misleading and here´s why. General analysis: - last two monthly closes are very interesting as we closed the month of September in a doji type candlestick which typically signals indecision...

Mansasuma Updated 

Welcome! A very obvious trade setup has formed here. After its initial correction, XRP has consolidated above its previous support, made a rally attempt but failed to move higher and got rejected by the 20MA thus making a lower high . We can see that the price has returned to the previous support, held it for a couple of days but then went below it. So far we...

Mansasuma

Welcome! Feeling a little bit lazy today so I´ll be very short (but sweet!). I have been looking for this setup to play out for a couple of weeks now and the moment is finally here. Ladies and gentlemen, we have a confirmed inverse head and shoulders pattern on the RSI on the 2D time frame! As you know there is no such thing as a sure thing in trading but if...

Mansasuma Updated 

Welcome, don´t really know if I would call it a rally or a bounce but I do think we have some upside here, this is why: 1. after those two wicks stopped out and liquidated people left and right, price still closed well above the bottom of the bullish orderblock - the demand has not yet depleted 2. we have a swing failure pattern on a 4 hour chart: whenever that...

Mansasuma

Welcome! A short (but powerful) analysis on btc dominance. What we are seeing now is very encouraging for all the people who either trade or invest in alts. I am confident that we are right before an altcoin trend reversal and here´s why: 1. from a simple market structure standpoint we now have a very clean set of lower lows and a confirmed lower high on a ...

Mansasuma Updated 

Decided to do a little follow up on my previous idea (below, under "Related ideas"). It took longer than expected but we finally seem to be getting that downside move. 12h time - frame says it the best here really: 1. my MAs are having a nearly perfect sell signal 2. structure on the lower time - frames has been clearly broken 3. 9350 is the key pivot here,...

Mansasuma Updated 

Once again a clickbaity title, but if you came here just based off of that you should feel a little guilty as well eh? Nothing is certain in our game. With that being said, I think I can deliver what was promised, have a look below.

Mansasuma Updated 

Very simple stuff here. The run from 7.5k all the way to 10.5k was certainly fun but it didn´t came without a cost. Looking at the RSI, we have a confirmed hidden bearish divergence on the 1D and today, assuming we close below 9300 or so, we are going to confirm it on a 2D time frame as well. Potential target range is between 8.4k to 8.8k, with special attention...