Sherem

Sherem Updated 

I have seen a couple comments about the Bitfinex Chart vs Coinbase and others. If we take a look at the Coinbase Chart, you can see that we have form a similar pattern to the one on Bitfinex. The main difference is the spike was far less on Coinbase. Appropriately so, they deal in USD while Bitfinex deals in USD and USDT. Chart wise, we can see that BTC has...

Sherem Updated 

The past 3 months we have seen volatility in BTC drop to near all time lows. We have seen the markets whipsaw back and forth looking for direction. I have outlined that BTC has begun to shift it's channel to the upside identified by the gold trendline in previous posts. We stopped following the green downward channel and began seeing the gold act as support...

Sherem Updated 

Once we breach this .45 cent area on ripple, I expect a move to 60 cents. From there, we will go higher. The question will be, do we have a pull back before that happens, or move right away? Notice how MACD is shifting towards the upside. If we get a cross while in positive territory, this is extremely bullish. Either way, we are long from 33 cents, with an add...

Sherem Updated 

While BCH has also broken it's trend line, we really need a break above $600 to signal a move higher. MACD is itching to cross and RSI is lower than it's been in a while. It seems it's just a matter of time before we get a move up. Once we break $600 and really start moving up, my first target is $1,600. Happy Hodling, -Sherem

Sherem Updated 

We have been long from $55. LTC has had this broken wedge probably for the longest period of time. We have carved a bottom out at this $50 area. MACD has crossed to the upside and is looking to build momentum. Once we break above this $70 zone, we will be moving much higher. If we use Fib's for our targts, the first target would be in the 175 zone. We'll gauge...

Sherem Updated 

Remember how I kept posting about the shifting channel we were getting in BTC represented by this Gold trendline? About this massive purple trend line keeping BTC down? About not having any volatility? We just got everything in one evening. 1. Broken Trendline. Check. 2. Broken Wedge to the upside. Check. 3. Broken RSI wedge. Check. USDT scare drove price up....

Sherem Updated 

This week we had a substantial move in the crypto markets, wiping out 13 billion in market cap. There hasn’t been a solid news event, mainly it was short seller pressure and perhaps lack of interest. If we look at some technical’s, we can see that this “Shifting” channel illustrated by my Gold trend line I have drawn, still has not broken. Awfully close, but not...

Sherem Updated 

Shorted the Vix. Bought Mar 19 PUTS at $11 for .10. You can get those really cheap right now and have a 5 month time frame, should work out well when the vix pulls back. If the vix spikes up again, I will be picking up more. -Sherem

Sherem Updated 

The Markets have substantially gone down this last week and it hasn’t been due to a news event or any driver other than selling pressure and lack of interest. The purpose of this update is to tell you what I am doing and why. It’s up to you to determine what you would like to do. Most know that I ladder in my positions and it works to prevent substantial loses,...

Sherem Updated 

It’s interesting that both XRPUSD and XRPETH look to be in the process of creating a bull flag that will drive Ripple much higher. While XrpUSD has substantially broken it’s down ward trend line, XRPETH hit it's ATH area again and could be in the process of potentially creating a massive cup and handle. All though MACD has turned down, we are still in positive...

Sherem Updated 

We are getting some movement on BTC and starting to flirt with this trend line. I want to point this chart out so people are aware. Most everyone has probably seen a chart like the above. Where people think BTC is going to go to 4k, then they have it going to the MOON right after, as seen above. I am here to tell you why that thinking is flawed at the present...

Sherem Updated 

Folks remember that as we get these pull backs, the only thing that can invalidate any type of upside move would be an invalidation of this 45 cent support zone. From here we could create an ascending triangle if price holds at 50 cents as previously mentioned. Or a bullish flag pattern if we test slightly lower, as low of 45 cents. While MACD is crossing on...

Sherem Updated 

The last update dictated that a move to 50 cents was highly probable. Which happened. I also indicated that if we broke this gold trend line we would go much higher. Which happened. I outlined that a re-entry point would be in the 48-49 cent area, a retest of that support area and large trendline. Which happened. Folks, now we are forming this large...

Sherem Updated 

Are you ready for this next move up? People who read my analysis are. We have been long since this $6,500 area. We have been long the other pairs at similar prices. Let me break down what's going on right now. Spike in XRP, broken it's massive trendline Spike in BCH, approaching it's massive trendline Spike in LTC, broke it's minor trendline ETH/BTC, broken...

Sherem Updated 

We can see that this upwards trend line has been holding quite nicely for the past several months and has remained in tact since the last post. As we have approached this larger downward trend line to the upside we have ran into resistance. Which is no surprise. Bucking a down trend typically happens slowly and after the markets chops around. Of course a piece of...

Sherem

We just saw BCH make a $100 move in 2-3 hours. It's noteworthy and worth a look at. If we pull up a weekly chart, we can see that BCH is sitting on this massive weekly trendline. If we get a solid Cross on the weekly MACD with a break above the 650-700 area, we are going much higher. Targetting the $1,600 area. I have been long, and there are more reasons to...

Sherem Updated 

A lot of people compare the current BTC scenario to 2014 BTC and while I think those situations are similar, I think BTC is under very different circumstances now compared to back in 2014. With the recent volume spike I began to wonder if anyone had compared BTC 2014 to a current ETH chart, and I am glad I did the comparison. This analysis will detail some of the...

Sherem Updated 

if you are following me, you know we have been long on Ripple since the 30-33 cent area. We can see that this weekly trendline has held up nicely and we are getting a move off of it. We have broken this red trend line and are now heading to this next resistance area at 45-50 cents. There was a chance that we could form a bear flag, but that is out the window with...