We still have a lot of uncertainty in the market. Is it going to recover? Is it going to fall further before more recovery?
A pennant, just like everything else, can be a reversal pattern or a continuation pattern.
Generally, it will go up or down by the amount of double arrow. This is how we know the price point.
The recent bearish drop broke out of the pennant....
There is a consolidating descending traingle appearing right now.
In the up coming weeks (around two weeks), there is a big possibility that it will drop to $5,500.
It is a classic descending triangle, or a penant. It will drop about the same price range as the height of the triangle/penant.
Easy Analysis, classic resistance turn support.
$400 limit has been a historic resistance in terms of how tough of a resistance it was for ETH to break out of.
Also, when it dropped back down, it never dropped below 400, making it into a support.
I expect a big responsive buying once there is a sharp drop to the $400 mark.
We have reached the point where its make or break for the crypto market.
There was a strong buying volume at 8k
However, we have many resistances to break before we ensure that the crypto market is back.
The resistances are drawn. If we fail to break the resistance, then most likely we will see BTC price fall to 3k.
We will most likely test the 6k if it fails to...
We are almost reaching the end of the large correction of the crypto market.
Why is the correction happening to such extent?
Everybody is talking about crypto. That is why.
Whales know that THIS is when to sell. If your family member, your mom, your friends, your school teachers, your social media is talking about crypto and bitcoin, you KNOW you are in a...
VTCUSD or even VTCBTC has been consolidating for quite some time.
It has caught a lot of people's eyes as its atomic swap tech has intrigued a lot of people including LTC's Charlie Lee.
It is a greatly undervalued coin currently. It is also the one of the few popular coins that did not blow up during this altcoin season.
First profit target is around $14.00
Did XRPBTC reach the bottom yet? this coin just keeps dropping and makes it very hard to hold.
However it is reaching a buy zone as it is one of the last support left before basically all time low.
Tight stop loss on this one
It seems that we are in middle of Wave 5 in play.
Ark is a high potential token that can possibly be in top 10 very soon.
there is also a penant in play that has been consolidating.
This one might take a while to pump, but it will get there
I see more upside from the way it is consolidating at this price range.
The whole market is extremely bullish for now, and it seems like alt coins are finally trending after a long heavy bitcoin domination season.
This finally allows eth to achieve prices that we have all been waiting for, which is past 400 mark.
For this Analysis, TP is 540-550.
We have a bullish Gartley forming.
I see a demand zone in the 4 hour chart, and Stop loss will be very tight for this trade.
The overall trend is still bullish, that increases the probability of this trade
All discussions, questions, criticism are welcome and encouraged. I am on a journey to become a profitable trader, and I will be posting all my analysis even...
There is a trend among all altcoins against Bitcoin.
That trend is that no other altcoin can catch up to the growth of bitcoin.
For Example, if you look at ETHBTC, after ETH almost over took half of the coin market share back in May/June, Eth was never able to sustain such growth, failing to exceed its previous high in USD. In ETHBTC chart, ETH is consistently...
We have a Falling wedge forming here.
All discussions, questions, criticism are welcome and encouraged. I am on a journey to become a profitable trader, and I will be posting all my analysis even if my predictions are way off. This is the only way to get better; through constructive criticism