OneOpportunity

OneOpportunity

A bullish advance to surpass prior highs has been rejected. What we are seeing now could be the formation of a double top which is a bearish pattern - if this is the case we could go to levels below the trend line.

OneOpportunity

In my previous post, I pointed out that Ether has broken above the critical price point against bitcoin (0.026 level), likely in part due to a shift of capital from bitcoin to Ether (often seen following a rapid price appreciation in bitcoin). Just to add to this, we also have upside penetration of the upper trend line forming the descending broadening wedge on...

OneOpportunity

Ether has broken a critical price point against bitcoin (0.026 level), indicating that Ether (still under it’s all time high) may be about to see some huge gains and continuation to levels seen in the last bull run. Whether you love it or hate it, it would be a worthwhile trade.

OneOpportunity

A correction is long overdue. It can happen at any time once we break out of the ascending wedge at around $30k. Trade with caution.

OneOpportunity

The 4h chart of bitcoin shows a rising wedge and an overbought bearish divergence; both are bearish indicators and when simultaneously present, increase the likelihood for a correction. However, bitcoin is currently parabolic and in uncharted territory making a price prediction solely based on technical analyses extremely difficult and irrational. Trade with...

OneOpportunity Updated 

As predicted, breaking out of the wedge will take us closer to $30k being the next and a close psychological mark. The oversold bearish divergence on the 4hr chart may lead to a correction once $30k is reached. Trade with caution.

OneOpportunity Updated 

Price has strongly broken out of the descending triangle, overcoming the bearish divergence and confirming my previous analysis. We will likely see $30k as the next all-time high being the next psychological threshold - likely followed by a small correction. Keep in mind, charts do not predict the future, they simply tell us where the market has been. Hope you...

OneOpportunity

We are breaking out of the descending triangle to the upside on the 1hr chart, likely on our way to a new all-time high - possibly $30k, being the next psychological threshold. Therefore, the bearish divergence mentioned in my previous analysis is not likely to play out - we see the RSI increasing with the breakout as well. Congrats to those who bought the dip.

OneOpportunity Updated 

On the 4hr chart we see a clear descending triangle formation outside of the ascending broadening wedge. Breaking below into the ascending broadening wedge would confirm the bearish divergence on the same chart, brining us down to next support level (~$24000). A break to the upside (i.e. out of the descending triangle) would likely lead to another ATH.