Sherem

Sherem

Position: Leaning Bearish Alright, so my last call on this one was not dead on, but I still think it holds true that it could break down. I adjusted my lines accordingly. Lot of different names for this sideways setup. Bull flag, bear flag, head and shoulders, box play. Take your pick. Here's the deal. If we break below this $205ish level, we are most likely...

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Position: Bearish. Waiting for a buying opportunity. I mean, my last ETH call was DEAD on. We had every indicator pointing down, and BAM. Down it went. It formed a head and shoulders and reacted perfectly off that 800 level for a bounce up. So here's the worry when analyzing POTENTIAL risk, if that ABCD pattern holds true, we are going down to that $400 level....

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Position: Bearish. Waiting for a buying opportunity. My last call was pretty spot on in terms of where we called the top. I left some of the lines on here so you can see my last call with some adjustments. It shouldn't be a surprise that BTC is coming off of this 12k mark. Reason for my bearish stance: In order for BTC to break up at this point, it has to go...

Sherem Updated 

Position: Leaning Bearish. Not as many Bearish indicators on LTC as there are on ETH. But enough to make me think this is going down. Perhaps one of the biggest reasons LTC will go down is it will be dragged down by ETH and BTC. ETH has a solid reversal set up to drive it down further. If LTC dips, I REALLY like the set up we have here. I will go into that at...

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Position: Waiting to see if it confirms Bear indicators. BTC is interesting right now. There is momentum for BTC, but it appears its because ETH/BTC is getting driven down and people shifting in that respect. Whether that drives it much higher or corrects lower remains to be seen. Conflicting indicators 1. On the weekly chart we have had a solid cross of the...

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Position: Leaning Bearish. I am going to trade BCH because it made for a great trade last time it got clobbered. While I didn't trade it last time, I will look to scoop up smaller amounts on the way down in a martingale fashion. If you scooped up shares down to 800, you made a great ROI on the way back up, even if you got out at the 1200-1300 area. Bear...

Sherem Updated 

Position: Bearish. The Bears are back in town. We have a lot of bearish indicators converging at this $1,000 level right now. Let's take a look and see whats going on here. 1. Massive Trend line that goes back to 2 major points that resulted in heavy turns down in the market 2. Resistance level at this $1,000 area. This acted as very heavy resistance around...

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LTC has broken it's down channel and has moved up like a champ. IMO, LTC is what's driving the other 2 up for a short term move with the forking news and the prospect of litepay. It appears that if LTC can break through this short term resistance in this $215 area that we will be moving to the $250 area next. (Could be higher, not much resistance up here besides...

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Update! BTC broke it's short term ascending triangle and we should see it push up to the 10k area. You can buy the break, wait for a quick retest of the 9k mark. It really depends on the velocity of how fast this thing moves to determine what a good buy is. The real question is, does it pull back and head higher to 12k, or does the 10k mark prove to be to much...

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Position: Short term play Ok, so if you read this analysis, it's going to correspond to the LTC and BTC analysis a bit that I am putting up at the same time shortly. so please read those as well. I am going to take a deeper dive into these and see what's going on currently and what could happen potentially. Please understand that my analysis comes with the...

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Position Leaning short term bullish. BTC looks as if it's forming an ascending triangle here as it's moving up. Which is a good sign for bulls. We might get some sideways movement before the break out starts, but so far it's looking like it's going that direction. How do you play it? The most important thing is we need confirmation with this breakout. Ideally...

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Not to much to report from the last chart, in fact I didn't change any of the indicators I put on the chart last time. A couple important notes, the smaller trendline has not mattered at all. It's gone sideways right past it. This definitely DOES NOT mean its broken out in any regard. Right now its best to sit on your hands, go do something you enjoy doing and...

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Position: Leaning Bearish Ethereum is having a similar formation to BTC, which is not surprising. When looking at the 4 hour chart, we have a potential mini head and shoulders pattern forming. It has pushed up and hit this trend line multiple times and failed to break upwards. In order for this pattern to hold any validity, we need it to break down below this...

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Position: Leaning Bearish BTC is having a very interesting development. The worry has been if this is going to continue down with the trend. BTC has hit a minor resistance point and a major trend line that has it failing to break upwards. Now, we are seeing a small head and shoulders pattern on the 4 hour chart. This could be bad news for BTC. My analysis on...

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IF BTC breaks this trend line and resistance point it's very well possible that we can see a rally to the 10k area. I find the 10k area to be more of a turning point then this trend line. The 10k area is a pretty hefty psychological barrier more than anything. Even as I am writing this, the market is pushing up pretty hard. I would want to see how BTC fares...

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More thorough update: position Neutral My last update was done a little hasty while I was working, and the market started moving quickly. I was worried that we would see a downturn quickly like last time and wanted to get out a strategy if that were the case. This time, I want to go into more detail with what I am anticipating and how to trade in these...

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Position: Leaning Bearish We got out of the last trade with about $130/eth with our martingale strategy. We have had 2 very successful martingale trades in this bear market. The reason this strategy works is we aren't "calling" a bottom, whenever it bottoms out we are prepared for it. With the recent price action, it's hard to call where it will bottom and it's...

Sherem Updated 

Position: Bearish. First off, I will not be trading this, I will be trading Ether and Litecoin as I think they have more upside potential. However, I wanted to give an update from my last BTC call. We had a nice bounce off of the 8k area and I hope you all took your profits when it hit in the 9k area. I would be cautious as it approaches this 8k area again. We...