TheTraderJ

TheTraderJ Updated 

BITFINEX:ETHUSD I was meant to do my write-up and 3rd update of Ripple as mentioned in my last idea however, the last idea ended in a loss and I personally feel that the idea was rushed and did not have my best analysis in it. Also, I don't like losing, so I'm revisiting Ethereum one more time with a more deeper technical analysis for the next week. The price...

TheTraderJ Updated 

ETH Hi everyone, it's been a while since my last idea as being a buyer of crypto-currency, the last month has not been kind to crypto-currency with the new regulations in China. However, as we enter the final quarter of the year, it seems crypto-currencies are headed for a recovery. A long opportunity has presented itself on Ethereum as it has recently broken...

TheTraderJ Updated 

POLONIEX:ETHBTC Hi all, I believe now is a good time to shift your attention towards Ethereum and perhaps even place a trade. You may have noticed that in all my ideas for longer time frames there is always 2 components that drive what position to take. The first is technical based and the second is fundamentally based. Starting off, we can see that the price...

TheTraderJ Updated 

BITSTAMP:XRPUSD Hi all, This is an updated analysis from my piece nearly about a month ago (). In the article I have mentioned that having patience will pay off (everything moved 2 times slower than I had anticipated). Our patience may now be paying off as, from a technical analysis perspective, price has just broken from the bullish pennant accompanied by...

TheTraderJ Updated 

FX:AUDUSD 1. Price has reached strong resistance at 0.79184 2. Price has formed a shooting star at strong resistance 3. Price has failed to close above strong resistance 3 times, therefore we are able to place a tight stop-loss just above recent high with take-profit at 0.78875, yielding a high reward-risk trade (>4). 4. Failed to close above resistance with...

TheTraderJ Updated 

FX_IDC:XAUUSD Price has retraced 61.8% of the bear bar from the NFP report. This is a key level for a reversal. Recently, a shooting star has formed on the chart followed by a red bar, both closing below the 61.8% resistance supporting the failure for a break-out. MACD is also showing the beginning of a downwards curl by the fast MA, with the ADX also...

TheTraderJ Updated 

FX:AUDUSD Price has broken out of rectangle trading pattern (pink lines). MACD upwards cross close to the zero-line. Break-out was fuelled by high-volume(>20k on the 15 minute chart). Price currently retracing to top of rectangle. If next candle closes as a doji or hammer and fails to break back into rectangle. Confirmation to enter a long position with a...

TheTraderJ Updated 

Short analysis: Break-out of the rectangular trading pattern with high volume. Next red candle could not re-break support. Expecting price to move at least to height of the rectangle. Supported by crossing of MACD. Histogram in MACD although subtle also shows a higher high, reaffirming that this is a break-out.

TheTraderJ Updated 

COINBASE:BTCUSD On August 1st, the Bitcoin community will be deciding on the future of Bitcoin. Since there is a likely chance that a hard-fork will occur, I will attempt to go through what may happen based on what happened to Ethereum when it hard-forked into Ethereum and Ethereum classic. This analysis will be based primarily on fundamentals and what happened...

TheTraderJ Updated 

This will be a short term outlook (up to 31st July), medium term outlook (up to 5th August) and longer term outlook (up to 20th August) over the next month for Ripple. Short Term First I would like to bring your attention to the bearish pendant formation which is aqua-coloured. The price is near completion of the pendant but still needs a price increase to...