ETC is coiling between the 50 and 100 week moving averages, much like bitcoin was a couple of weeks ago, and is being supported by the .786 fib line and the hype surrounding a coinbase listing . Once the Hype has past the reality and combination of the broken trend line, broken high volume node support and potential HNS formation will all come together to force...
Hope you all have a wonderful and safe weekend! Sell some bitcoin and splurge a little is my advice :) Red Boar
It seems to me, based on the rules posted in the chart, we are in a clear bearish continuation descending triangle. Red Boar
It's beginning to look a lot like Christmas Ev'rywhere you go; Take a look in the five-and-ten, glistening once again With candy canes and silver lanes aglow. Oh wait...it's still september hehe..The Red all over my monitor when I woke up this morning made me think Santa had come early this year! But then after a quick log in to trading view I realized it was...
I have added significant text on the chart so I will not bore you with more reading here. I will be posting an update showing some EMA's as well but for now this chart only shows simple moving averages. Thank You all and have a blessed Sunday Red Boar
Please guys use caution here, this is most likely a major bull trap...People on twitter already calling for 8k to be busted, this kind of emotionaly volatility is not helpful, we are still on a low volume pump which has potential to be dangerous. If we get volume coming back in and we continue to go up it could be a bullish sign...however I am betting we get...
3 Bearish formation all packed within each other leading to the holy trinity of bear formations..so, what does this mean? It means that we should be headed for a brutal breakdown BUT....IMHO, knowing how much the big fish love to set up and destroy retail money, I think this think could pump very hard to liquidate shorts and go against all logic...However, If...
Here we have the Bitmex Weekly Chart, ever since bitcoin broke down from the second green support/trend line she has been stuck in this nice little white descending channel. I will be keeping an eye on price action within this channel with a plan to short the top of the channel (already have ) and close shorts and possibly long the bottom of the channel. A clear...
What's up my fellow crypto hounds!? I hope everyone is good and you are all making it through this boring AF sideways market relativley unharmed :) ! Well Today I was playing around with some different tools on TV and found an interesting pattern with the gann fan and its relation to bitcoin when used to plat significant resistance and suport areas since the...
As described we are looking to short with a breakdown of the 5850 region, stop loss at 6250 and a target price of 4kusd. This target is gleaned from the length of the previous impulse wave down before this latest period of consolidation. A break and hold above 6800 would change sentiment and we would begin to look for longs.
Well what can I say? Way back when ETH was trading at $535 I called for a Target anywhere from 100-250 USD...Well It seems that I was pretty spot on with that prediction as we are well on our way to a complete ETH collapse however I think I was too bullish with that call back in MAY of this year. ETH recently cruised through it's last fib support like butter...
Today I bring you somber news crypto nation, Bitcoin 0.33% has officially completed a 5 wave elliot cycle and now must, much like the prodigal son, return home for a needed rest and by rest I mean an ABC elliot wave correction. According to what I was able to find on stockcharts.com typically an ABC terminates around the end of previous wave 4, note this is...
It seems to me like the EUR/USD is currently forming a bearish continuation triangle on its daily time frame...YEearly support is RIGHT below us so conventianl wisdom might tell you not to short here but I think that this trangle is going to break to teh down side and provide us with some juicy profits...Technically this bear flag could go all the way down to...
Let me know what you think! Have we broken out on solid volume (yes the breakout of triangle was actually on increasing volume) from the white triangle and now we are simply retesting the apex to confirm it as resistance? Or Do we remain in the green wedge ? Notes- The volume on the white side break out was very good BUT a concerning point would be volume...
Guys, it will be a short one today as I am getting ready to take my son out to the lake for some fun in the sun! Truly, I would advise anyone here who is stressed or worried about a position to just set a stop loss, set a profit target and walk the heck away. I can PROMISE you, if you do this your win rate will go up , your stress rate will go down and you will...
Well, let's just be honest, our good friend cripple is an even bigger scamcoin than ETH and LTC. That combined with the fact that XRP has broken down from a major trend line + important pivot supports = it's time to get out lol. Anyways, I want to let everyone out there who is hurting right now know that I am sorry you were scammed and I am sorry you were lied to...
Well, this is interesting, I have question for all you pros out there is it reasonable to apply traditional Technical Analysis to something like longs and shorts? I don't know personally but IF it is then it seems that finex shorts are forming a descending wedge while being squeezed into a tighter and tighter range. If this is true we could see one more leg down...
Well about 47 charts have been published so far about the "hidden bear divergence" we are witnessing on the daily chart. Well I have to agree this is pretty massive and imo just confirms the weakness and instability of the BTC market, HOWEVER, I would be VERY careful here....we are currently looking at a perfect set up for the bears and this concerns me. The 200...