An Alt coin to keep on your radar to hodl. They applied for a gambling license in Curacao or are soon going to. Once this go through we should get a significant pop. Or if we break this red channel line that is identified here. Keep your eye's on this one and check out the website. Unlike most crypto projects, they have a working product and they just brought...
Currently ETHUSD has been consolidating around this $200 level. Once we break these trend lines that are shown, we will be moving up to the $300 range rather quickly. From there I imagine we will consolidate before a greater move up to the 500 area. We can see significant divergence in RSI and MACD, MACD is also pointing up giving it a boost as well. We are very...
BTC has really been in the doldrums since our last analysis. I have seen a lot of analysis that call for BTC to go to $4,000. A lot of these analyst's make a comparison to the 2014 bear market. However, in short, I think that comparison is just to obvious. If people were actively anticipating it going to 4k, why aren't we there yet? If you remember, I was in that...
We have been waiting patiently for ETH/BTC to reverse. If ETH/BTC breaks this large gold trendline, we will be going much higher. Happy Trading, -Sherem
Folks, we already broke a large trendline a couple weeks ago. Once we bust through this 630 area we are testing right now we will head to the 900 area. I imagine we'll get some consolidation and if we bust that area there is a lot of room for it to run up. Happy Trading, -Sherem
A lot of people are asking the question, is Ethereum dead? In my opinion the answer is NO. I would like to address this from a technical and fundamental perspective but first I want to go in the strategy that I am using. If you follow me you know my primary crypto investing/trading strategy is using ladders to take a position. Right now my average price of entry...
ETH/USD has been in the process of consolidating down here for a substantial amount of time. In my previous update, I stated that most of the minor downtrend lines had been broken, but we are potentially forming a downward continuation pattern right now since we haven't broken to the upside. See the 2 blue circles highlighted comparisons. As much as I think it's...
If anyone is looking for something high risk and medium term. USD/TY looks to be forming a cup and handle. A break above the 6.7 area should push it much higher. You can enter now with a tight stop in case it retests the 6.1 level or wait for a potential break depending on the level of risk you want to take. fundamentally, there is a lot that is on this side of...
I am going to share with you what I am seeing in the markets and what I believe will happen. It doesn't mean that it will, just that it could and I am going to show you what I am seeing currently. Before I get to the technicals and some examples, I want to look at some of the recent price action. Why the massive spike down? Answer: A massive influx in BTC...
Long term trade in this channel. MACD still has strength, dollar still is in favor. Stop loss below this recent low/support/trendline. Account is still around 11k with all the action from last week. Only entering with 2 minis. Happy trading, -Sherem
This is a for funsies trade. I went short at 14.72215, targetting around 14.30. SL at 14.90. Only 1 mini. i also shorted the USD/TRY at 6.72830, targetting above 6. SL at 6.90. Only 1 mini, cause these pairs are intense! Update on balance, currently around $11,020 with the eur/jpy loss and gbp/jpy gain. Happy trading, Sherem
We're still long from 6.5k, and we still have a ways to push up yet. In April it went from 7k to 10k with that short squeeze. As previously mentioned, we are now in the midst of the same scenario. Strong MACD cross, RSI looks good. What's interesting about this scenario that's playing out is the last initial short squeeze propelled BTC from 7k to 8k and went...
Divergence on the 4hour. MACD crossed, in a resistance area. This either works quick or it doesn't. Entry: 129.70 Entry size: 1 lot SL: 130.11 Targetting 127.20 area. I will be moving my SL to break even fairly quickly if we get a nice move down from here. account balance: $11,123 with the 2 other trades in progress. Happy Trading, -Sherem
You can see where Ripple has bounced and been supported by this big weekly trendline here at 25 cents. Now at 33 cents, it seems like we will get a continuation move to the 45-50 cent range. I imagine we will get a pullback from there back to the 35 cent area. If we break the trendline, whether on the initial run or a pullback before we break it, that could send...
I am going to start tracking my forex account for all to see what I am doing. Some trades will have large positions, other small. You will be able to see all of entry sizes and risk. Current play. Eur/USD short at 1.15623 with .2 lots. Additional short ladder at 1.1674 for .2 lots. Stop loss at 1.1770 Target 1.1425ish. Around there, take profit not set at...
This pair has a lot of structure right here. On the smaller time frames we have RSI in oversold territory and that is kinda happening on the daily. The smaller times frames have MACD looking to turn up, while the larger ones have MACD in positive territory. This 1.09 area has acted as support plenty of times in the past. We should be able to at least move our...
It's been a while since I have given an update on LTC, so lets take a look. Diving right in, we can see that LTC has this mini wedge inside this larger wedge pattern. The support points that I have drawn have held up nicely during this down trend. RSI is extremely oversold and we have gotten a bounce every time we have hit these levels. Also notice that the MACD...
As a preface. If you are reading this or following me, know that my primary strategy with crypto is laddering. I do this because of the volatile nature of crypto and it's a far different beast from Forex where you can have tight stops, IMO. If you are looking for someone to give you precise entry points for crypto(I give some for Forex), I am not the person to...