Wait Sherem... how can you be long but still think BTC is going to 4k!? I use a martingale strategy to MITIGATE the risk because I take the BIG picture into consideration. Let me lay it out for. why I am doing that. First . A message for the HATERS. I have been called Naive, delusional, a thief, I have been told that I don't "do TA'. But guess what?! My analysis...
I have updated the charts on BTC to more of what i am looking at but i want to drill down a little more with my strategy. First, I want you all to keep this in mind. We could be going down more before going up. Which is fine for the strategy I will be implementing. If you look at the daily chart, we could very well have more downside. On the smaller time...
Welcome everyone to this holiday update on ETHER!. You can see that from my last Head and Shoulder analysis that we have gotten a VERY strong move down. Initially, we had some consolidation in this 550-610 range which formed a wedge and furthered the move to the downside. It came down and hit my blue support level at 520 and this 61.8 fib point and it has held up...
BCH ratified this massive head and shoulders and broke down pretty substantially. I would imagine that we will get a bounce back up to this $1,200 area. However, do we bounce now or at BCH 900? on this smaller time frame we already have RSI in oversold territory but it's not there on the daily yet. I think it really predicts on when BTC bounces off of 7k and...
This update will be brief before a larger update once we get lower. It's no surprise that we are going lower, is it? On this smaller time frame it's confirmed that we formed a bear flag and we are now hitting the lower support turned resistance of the flag. I would imagine that we will continue down from this point. From my previous updates I have been calling...
Shorting the CHF for a pull back from this 1.0 level. stop lose above the highs, take profit where indicated. Set it and forget it type trade for me. Good risk vs reward. -Sherem
Ripple is just getting hammered with everything else. We had MACD cross over and its gradually moving down. This shouldn't be a surprise to anyone following my posts, we had some great moves to the upside, made some money, took half our profits at 90 cents and were stopped out with more profit as it moved back down. I will NOT be trying to flip ripple as it...
ETH was creating and now getting to the point it's almost ratified a large Head and Shoulders pattern. Not much to say other than if we break this 650 area, it's going down more. Because this is a powerful pattern, we might not see a bounce off of 600 and it might come later around 500. For me, I will be looking to buy ETH when BTC is around 7k. We'll see what...
Greetings everyone! Welcome to this SPECIAL weekend update on ETHER. So Let's first look at the technical's and what they are saying. 6 HR: MACD FLAT 6 HR: RSI, MEH DAILY: MACD pointing down, really slowly DAILy: RSI flat, in the middle but pointing down. Those indicators aren't saying much of anything. But ETH broke it's up trendline a while ago in...
The market this last week has been a doosy. We have seen manipulation, whip saw action, news, you name it. If you have followed me closely, you will have noticed that SWING trading is my specialty. You may have also noticed that I harp on trading being about RISK management. It's critical. Everyone has trades go against them. EVERYONE. If you haven't, you're...
BTC has hit our resistance point multiple times and moved off of it. However it has also created these "Higher lows" and "higher highs" in what looks like a channel, or just a massive bear flag? Yeah it's the 50/50 scenario, but from here we have a good idea of how it's going to react whether it has a chance to move further to the upside, or it continues down....
I am not short, but my bias sure is, Bitcoin Cash is looking pretty ugly right now, the hard fork being over didn't help anything. We have created this Head and shoulders pattern and have had it do the following: 1. DAILY MACD crossed down. 2. RSI Confirmed DIVERGENCE 3. Head and shoulders pattern. 4. Broken short term up trendline Nothing good While it is...
Ripple ain't lookin so hot right now. We have had it rebound off of the support channel I drew, and it didn't even make it back up to 78-80 cents but has moved down sooner which is not a good sign. 1. We have DAILY MACD moving into negative territory. 2. Created a fail of a rebound. 3. On the 4 hour, we have a cross IN NEGATIVE territory. Oh my. 4. Also on the 4...
While my bias for this pair is still to the downside overall. If we take off our swing trading hats and put on our intraday hats it's hard not to recognize that we have just been making lower highs and slowly moving up. ETH has come down and hit every support and just moved on up. The risk for a trade to the upside is getting lower as we continue to hold. If it...
We have broken this 700-720 moved all the way down to this 640 area and are coming back up to test this resistance zone. This is NOT the time to buy in. We want to wait for MORE CLARITY and DIRECTION. Our original target for a bounce play was 600. However, it had a serious bounce off of 640 for roughly a 10-15% move. While that would have been a great trade...
If we zoom in from the daily chart I posted. LTC has broken this major trend line, plus the major support at this 140 level and the DAILY MACD has crossed DOWN. On my last call, I said I preferred the 125 area over the 140 and you can see why. If you are in at 140, you might get a bounce back up to this resistance at 143, but technically that's about all you got...
I am a little late to post this, but I am going to post this anyways and let you do what you will it. I don't like this trade, but I can't not look at it for a potentially good play. The larger time MACD's are still in positive territory but beginning to arch up a little. While on this smaller 1 hour, MACD is pointing up a lot. RSI isn't showing much...
Don't FOMO in right now! We have had a clear break of this neckline at this 8.9-9k area. Now BTC is coming back up to this RESISTANCE POINT and should move down again. Even though MACD is crossing up on this 6hr and 4 hr keep in mind they are both in NEGATIVE territory. MACD on the Daily has crossed DOWN. The weekly is still moving DOWN. The way I trade is...