Ripple has broken this massive blue downward trendline. But where's the move up? It moved up about 4 cents and that's it. Which isn't very reassuring. MACD isn't slowly wandering up and RSI isn't throwing off any signals one way or the other. The question is. Are we consolidating for another major move up or just forming a massive BEAR flag? Look for a move up...
Since everyone around is calling for BTC to da moon. Here's a skeptics view and I am going to make an EARLY and BOLD call on BTC here. I want to lay out what I will be looking for at this area up here. Whether it goes UP more, or DOWN more. If you are following me you know I was a week early with my Inverse head and shoulders pattern, while good that we...
It's still forming, but if this thing starts breaking down, it could go down pretty far. i will be shorting this thing, taking profits and reshorting as it bounces up depending on what it does. Long term trade, make sure you calculate your risk with stops just above 1.8. Happy Trading, -Sherem
If ya'll are looking for another trade, this is one I went short on. Risk to reward is good. but you know me, I have ladders at 1.76 and just below 1.8 to short it. the way I trade is really long term where I set it and forget it. However, this looks like we'll get a move down sooner rather than later
*Bias is short, I am not* As you can tell, from the last update, BTC has just not been able to have a decent push up to that massive red trendline. Even with a powerful formation like the Inverse head and Shoulders and gradual moves up, it still failed to break 6.8k. While I do believe BTC is going to 4k, it's been really surprising it hasn't been able to push...
Happy Weekend Traders. the summer months have been slow and I haven't posted lately as BTC has just been in the doldrums and we aren't getting much movement. Let's bullet what's going on: 1. The right side of this Inverse Head and shoulders pattern has fully formed 2. Both downward trendlines have been broken. 3. 6 hour MACD is in positive territory 4. DAILY...
Let's get right to what's going on, in bullet format! 1. BCH has hit this double bottom area and bounced off of it. 2. MACD has crossed up on the daily 3. RSI broken out of this downward trendline. 4. It hit the previous resistance point/ema and moved off of it and is consolidating It appears we are going to get a move up, but how far we go is the question? BTC...
We are going to see what Binance coin is up to! It's in this massive ascending channel. What I like best about it, is the chart looks nothing like BTC! Praise everything for non-correlation. Basically if this $14 area hold we should get a push up to the $20 area before moving down again. If this happens MACD will cross and RSI will show strength. Watch for...
I wanted to start a new thread because we have a lot going on with ETH right now in these charts. This post is going to look at potential scenarios of when ETH is going to get more of a SUBSTANTIAL run up. Or when the BOTTOM of ETH could appear, maybe soon? Let's first start with some technicals. Weekly MACD is still moving down heavily and weekly RSI is...
Hi Everyone, I hope everyone is doing well through this crash here. If you are following me, you should be. We haven't really lost much of anything with the positions we are taking and have been profitable on a lot of our trades. Lets get to it. After this recent ETH rebound off the tip top of our buy zone we have entered this consolidation zone the last little...
I appreciate the kind comments from everyone such as: "cristinel777ro: Sherem You are pin pointing everything ...It's just unbelievable how accurate you are doing it. Keep this way and thank you for your outstanding job" or " theredbaronZ: I don't call you the preacher man. Preachers are selling stuff. I call you the PROPHET! " I want to say THANK YOU , it...
Right now we are flat it the market. Let's recap the last strategy and look for what's next. The last strategy we had ladder's that got filled at 101 and 91. I weighed my 91 entry more than the 101, so I was able to get out with a stop loss with some profit before this thing seriously moved down. Unfortunately, it moved down quickly before we got a chance to...
Let's jump right in to this ETH analysis. We are getting really close to where it's going to start moving sideways IF the last pattern holds true. You can see that if this holds true, the timing will be similar to where the trendline is. MACD is creating a REALLY close pattern and RSI is also looking almost identical to last time. Couple interesting notations...
Welcome followers, friends, foes, haters and everyone in between. Let's jump right into the analysis and see what's going on. BTC looks to be creating a REALLY similar pattern to last time. Scarily close even. I will keep this short and to the point as I think my chart does most of the talking. IF this pattern holds true we are going to chop around in this...
Hey all. I decided I am going to do a more thorough update after looking at this a bit more. LTC looks scarily close to the other pattern is following this trendline. If it follows the same pattern that it did before it means we should have some more sideways movement before reaching the trendline. Both patterns look VERY similar and MACD and RSI. If these...
I am setting laddered buys at these red lines here. Great long term play to flip this over and over as it moves up. My favorite play, one you don't have to babysit and you can forget about it for a while. Happy Trading, -Sherem
Ripple is fighting off not 1, but TWO descending triangle's. For any type of sustained upside movement, both of these need to break. first the 60 cent area follow by the 75 cent. For now i would look for a small move up followed by a move down at some point, either at the 60 cent area or at 75. It's worth shorting any rallies to the upside with a chart pattern...
All of the crypto's have started moving to the upside including BCH. BCH has a nice move and needs to break this 900 resistance point first then the trendline before looking for a further move to the upside. Pretty straightforward right now, MACD pointing up, RSI moving up. Needs a solid break and even then I would want to see where we are once it breaks. Happy...