SIMON_G

SIMON_G

Hi guys, the wait is finally over! BTC is on the move and out of the triangle. We see a slight dip after that huge rally yesterday but im confident that its usual market activity and that we are on our way up to a new journey for a new high. We've been waiting for a long time but I believe now is the time to select your entry points for the future. The next couple...

SIMON_G

Hi guys, BTC is finally coming to that time where we shall understand a little better where it is heading for. When we look at the Fib re-tracement at every high of the chart we see that BTC continues to stall at the 61% level and go further down. That being said, we are also coming to the end of the triangle, will we finally see a breakout or will we continue...

SIMON_G

Hi guys, as you can see in my analysis, the trend is still within the triangle and going up as it stays above the 21 EMA. It seems that we still have a few bounces to go before BTC decides what to do. If you would like to make some gains you can short at around the 7350-7370 USD range and load back up at around the 6500 range. It seems like the big movement north...

SIMON_G

Hi guys, as I expected and predicted in my previous analysis, BTC tested 5800-5900 levels and bounced nicely back up. There are many saying that it will break that and go further down. I generally like to go against the mainstream news and speculation. I believe BTC is waiting to suddenly shock the majority and make an upward move. It depends if we can close for...

SIMON_G

Hey guys, as you can see in the chart we have fallen out of the triangle which shows the market structure has broken down. This leaves us with 2 possible scenarios: 1) We test the 5866 USD line and bounce back up to test 6850 USD (which is the most likely scenario) 2) We fall below 5866 USD and test the next support line of 4341 USD If we bounce I believe it is...

SIMON_G

Hey guys, according to my last analysis BTC did not breakout above the 8000 USD mark as we wanted. Despite a lot of positive news these past few weeks, BTC has slowed down slightly only to make a gentle pushback. A triangle has formed which will give us an idea of where we are heading. If we fall below the bottom line of the triangle I expect we will fall all the...

SIMON_G

Hi guys, things are going extremely well as we hit the targets one by one. We've had a great few days and smashed through the previous support level comfortably. It seems that people are buying BTC in the hope that the ETF news may get approved. Institutions getting involved is also very positive news. But as you guys should know, what goes up must come down. I...

SIMON_G

Hey guys, as i predicted in my last chart, the chart has broken resistance nicely and is on its way to recovery. Now we are going to see a healthy run and it will test the support line of 7680 USD mark. Before it does this, it is likely to fall a bit before it rallies again. I believe we have bottomed at the 5700-6000 USD mark and I'm bullish for they next weeks...

SIMON_G

Hey guys, been keeping low for a couple weeks to see how my prediction played out from my last chart and it played out beautifully. Touched the 5700 line before bouncing up to break the trend. Are we in the all clear? Not quite yet. The charts need to close above the 21 EMA for two consecutive days before we can become sure of an uptrend for a short while. At the...

SIMON_G

Hey guys, I wanted to take a deeper look at the trend of BTC and decided to analyse the trend from May onwards, only to see that a Bullish 3 Drives pattern seems to have formed. Does this mean we should expect a run soon? Lets wait and see. Exciting times. Remember, DYOR.

SIMON_G

Hi guys, im sorry to say that the breakout did not happen as planned. It seems we still need to take a lower dip before we finally start running. So what next? If your looking for a quick buck buy now to sell at around 6700-6800 USD , or you can also wait and sell at around 6700-6800 USD to buy back again when it hits 5700 USD. 5700 USD is the next test for...

SIMON_G

Hi guys, I've been waiting patiently to see what BTC is doing, its coming very close to breaking point as you can see. I believe in a couple days we should see a break out or a continuation of the downtrend. However, if you ask me, I would say that I still have confidence in the support lines and I'm still hopeful of a break out that will surprise many traders....

SIMON_G

Hi guys, I am thrilled to see things going as predicted as the chart hit my prediction of 7450 USD today (Please see my previous chart). Now that we have confirmed this, it seems that BTC is coming towards another end of a triangle. I've had a look at some respected traders predictions and many believe the triangle formed is a bearish one. However, if we zoom out...

SIMON_G

Hi guys, as I mentioned in my previous BTC analysis, we need to keep our seatbelts on and prepare for better or worse. Well, it seems like our optimistic predictions were dashed once we started tumbling at the 8800 USD level. At first I couldn't really understand why this was happening until I decided to zoom out of the chart and look at the bigger picture. When...

SIMON_G

Hi guys, welcome to my first ETH analysis. As you can all see, ETH is doing better then BTC overall, with it flirting with the 23% re-tracement line of the fibonacci. We soon may see some new recent highs should all go well in the coming days. I believe ETH may well go ahead and test the 900 USD mark by the end of the week. Happy trading guys, remember DYOR.

SIMON_G

Hi guys, in my previous chart I mentioned that we may have a dip but not to worry as the Consensus conference was just around the corner. As I predicted, we have recovered very well since the conference has started. But it is not enough as we need to break the 8860 Mark to start pushing through new levels. Although many people panicked over the weekend, we didn't...

SIMON_G

Hi guys, in my previous analysis I stressed that BTC is climbing and that it shouldn't fall below 9250 USD range which it did, in my opinion partly due to some FUD attempts recently by Warren Buffet and his gang etc. However, we are seeing the recovery thanks to some support from Chamath Palihapitiya and of course the bulls contuning support. Next week will be a...

SIMON_G

As I mentioned in my previous analysis, BTC is climbing the trend nicely. I have displayed on the chart my prediction on when to get back in. I would recommend to put a stop loss at 9260 and sell order at around 11350-11400 mark. Remember, DYOR.