Watch for rejection at this level near the EMA50 and the bottom of the falling wedge pattern. We are bullish above $35 and bearish below $31. Below $26 we will have swan diving with recent dip buyers taken out the back and shot. Previous successful LTC idea: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By...
Watch for EMA50 rejection on the daily timeframe . Above $120 price action will be considered bullish / consolidatory. Previously we explored an idea for a breakdown pattern. This invalidated idea can be found here: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you...
Looking at the chart we can see bitcoin struggling to get above the EMA200 level on the 4HR chart and a long-term trendline (highlighted purple). With the cyclical trade to the downside (EMA50 below the EMA200) but price action seemingly bullish , this will put off many professional traders from entering a long trade at this level. Instead, we can look to short...
Last couple days Ripple has entered consolidation and the countercyclical traders have taken the asset back to test resistance and the breakdown level. However, overall, XRP is in a full-blown downtrend: 1) we can see it continues trading within a descending channel. 2) its now testing the EMA50 on the daily. 3) We have yet to test significant support on the...
Hey traders, I won't comment on this one and will just let the data and idea speak for itself. IF this happens its going to be a very painful period for many on the lower-bound of income generation who rely on credit creation to make ends meet. Please consider philanthropic endeavours from any capital made on this trade. Godspeed. ***This is not investment...
Here's an interesting setup... the sell-off is basically looking to go parabolic on the daily chart next as bears finally exhaust the bulls. This will likely be the final swan dive for ETH as the big caps in crypto look to begin building a floor during 2019. Liquidity and market volatility will likely make trading this par to the downside a bit more...
How does a bank make money when real interest rates are negative? ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Hey guys, Hope everyone are well. We are looking at a falling wedge pattern on the 4HR and trading below the EMA50. Crypto is in full blown panic selling mode and this offers a VERY SHORT opportunity to short trade with the trend. Confirmation of trend continuation is below $3213, with targets at $2615, and $2099 on Bitstamp. Above $3581 this idea becomes...
Here's a revision to our previous outlook on BTCUSD. Above $3812 the chart looks a lot more interesting for longs, but below $3473 we'll have an opportunity to cautiously breakout short the market. Our previous idea can be found here:
Hi guys, We can see $BTC trying to form a bottom at this range and we have an opportunity to get long for the rebound. On the daily we have a large falling wedge pattern and we are currently trading at the bottom of the wedge (not confirmed yet though): We should watch the total crypto market capitalization as well, and here we might see a bit of weakness in...
I've been watching the 10-year treasury bill yields lately and we can see some very interesting technicals that allow us to draw a few scenarios on what could happen with rates. Above 3.413 we are likely to see a significant rise in yield, while a consolidation here would lead to more "easing" in this and other markets, globally. Jim Rickard, former general...
Hey guys, I've been watching BCHSV which resulted from the BCH fork that occurred a few weeks ago. Here are a few thoughts: Fundamentally I think exchanges and significant market stakeholders are betting on the ABC version of the fork - BCHABC - which indicates to me that BCHSV will likely undergo and remain heavily discounted, or at least experience heavy...
Hey guys, This is part 2 of our Ethereum trade thread. Part 1 can be found here: Looking at the chart we can see that the selloff will likely continue as we trade down and within a significant falling wedge. While this is a reversal pattern, in general cryptocurrencies fully complete this pattern and crash through the bottom wedge trendline before exhausting...
Hey guys, This is part 2 of our Bitcoin trade thread. Part 1 can be found here: While Bitcoin has found ground for now, fortunately for the bears the market is so tense that any cracks will be easy to exploit. The trend is in our favour and we are chasing a crash in the market in the form of a full crypto-style capitulation. Bitcoin is currently kissing the...
Hey traders! I'm looking at this short trade as we continue to trade below the EMA50. Some very interesting market structure here, and we can see a potential breakdown of this descending triangle. ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the...
Hey guys, Looking at XRP we can see it continues trading within a descending channel. Its now testing the EMA50, but judging by the way it has traded at the top channel line we should anticipate a sharp selloff. ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use...
Hey Traders, EOS is holding the line against the November 14 selloff but it looks vulnerable with danger close price action near support with trading volume increasing and indicators weighing against bulls. Hopefully we can catch the breakdown after making some profits in our other trades ;) ***This is not investment advice and is simply an educational analysis...
Hey traders! I'm looking at this short trade as we continue to trade below the EMA50. Some very interesting market structure here, and we can see a potential breakdown of this descending triangle. However, we need to be careful as we have a very strong support level (major 0.88 fibo) just below the breakout level. ***This is not investment advice and is simply...