Market is down everywhere. BTC is headed to 6K and maybe lower, ETH headed to $500 and maybe even lower, XRP is bound to test $0.57 and maybe lower... No EMA support underneath these top three coins now so only trend lines and market sentiment are left. Trend lines are bearish and market sentiment? I will let you decide. Sometimes, only really good news and...
Hello all. Looking at BTC on the 30 minute chart, 200EMA (orange line) has been extremely resistant and although I was looking for BTC to go a little higher in the very short term, we can see that volume has been declining significantly, Everybodies favorite coin is in a descending triangle with reduced volume. RSI is in decline as well. MACD in bearish...
Hello fellow traders. Look at this small H&S that is practically complete on the 30 minute chart. Looks like a sure thing but notice how many times 100EMA kept it from falling so far. This IDEA is not about the H&S but about how supportive the 100EMA is being on the 30 minute chart. Small drop if H&S completes. Keep an eye on it. I am very hesitant to say this...
Possible reversal taking place. look at upwards channel we are in both large and small. We will get bullish if we go over head of H&S (red horizontal line) and 20EMA (purple) looks like it will cross over 50EMA (blue)soon making things more bullish.
Another H&S forming with the left and head already formed. This H&S iS inside a bearflag that will take us to the next target shown by the dashed red line ($6,800). Also, EW analysis works for the H&S pattern which upon completion with a high volume should make trading this bearflag more reliable. For educational purposes only. Good luck and if you like my...
Hi guys. Eth completed a H&S pattern targeting $600 and broke down and currently in a bear flag formation targeting $500. (green box on the chart is between $500 and $600) BTC remains the leader and is pulling all other major coins by the nose so in essence, watch what happens to BTC. Good luck and if you like my ideas/charts/commentary, PLEASE ENCOURAGE BY...
Hello all. In XRP, We are very close to the last leg breakdown of the last clear bearflag targeting approx $0.55-$0.56 If you are holding XRP and are looking to short, and want to be extra conservative, wait for a confirmed breakdown below $0.65 before shorting BTC continues to lead ALTCOINS by the nose so watch BTC too. For BTC probably another 2-3 bear flags...
Hello to all. Looking at the 1D chart, we can see the massive bear flag breakdown confirmed which will bring BTC down to approx 6K which interestingly enough is the same low made on February 2. 2018. A bounce from there would make for a nice double bottom and launch BTC back up into the bull market we where all hoping for last week. Good luck and if you like my...
Hello to all. I had bullish inclinations up until this morning but looking at the charts and seeing how what looked like bull flag yesterday IN BTC -did not break out as expected, a revision was in order. We are now in what looks like a bear flag which if completes as a bear flag will send us down some more. Good luck and if you like my ideas/charts/commentary,...
Hello to all. I had bullish inclinations up until this morning but looking at the charts and seeing how what looked like bull flags yesterday in both XRP and BTC did not break out as expected, a revision was in order. We seem to have a H&S that already completed and sent us down and we are now in what looks like a bear flag which if completes as a bear flag will...
Hello to all. Looking at the 1D chart, we can see a massive bear flag which if it breaks down as and confirms the bearflag pattern, brings BTC down to approx 6K which interestingly enough is the same low made on February 2. 2018. A bounce frmay om there would make for a nice double bottom and launch BTC back up into the bull market we where all hoping for last...
LOOKING AT THE 1H CHART, THERE IS A POSSIBILITY OF AN INVERSE H&S WITH THE RIGHT SHOULDER FORMING. AS I AM WRITING, THERE IS A STRONG HAMMER CANDLESTICK FORMING MAKING A REVERSAL LIKELY. THE ABOVE ARE MY OPINIONS AND SO PLEASE USE YOUR OWN JUDGEMENT AND TRADE RESPONSIBLY. CRYPTO-CURRENCIES ARE A VERY VOLATILE AND FAST CHANGING TRADING SPACE UNLIKE ANYTHING...
ALL IN CHART. CURRENTLY TESTING 78.6 FIB FOR THE 4TH TIME ON THE 4H CHART. DID ANYONE MANAGE TO GET THE CALISTO (CLO) TOKENS AIRDROPPED TO THEM? COMMENTS AND METHODS OF HOW AND WHERE WOULD BE APPRECIATED. THE ABOVE ARE MY OPINIONS AND SO PLEASE USE YOUR OWN JUDGEMENT AND TRADE RESPONSIBLY. CRYPTO-CURRENCIES ARE A VERY VOLATILE AND FAST CHANGING TRADING SPACE...
HELLO TO ALL. WOW, I MISSED A LOT OF EXCITEMENT THIS WEEK WHILE I WAS AWAY FOR SOME R&R. TAKE A LOOK AT THE INVERSE H&S FORMING IN RIPPLE. IF WE COMPLETE IT, WE WOULD BE TARGETING APPROX $0.925 WHICH ALSO HAPPENS TO COMPLETE THE MUCH LARGER INVERSE H&S PATTERN TARGETING APPROX $1.6 ON THE UPSIDE: -XRP DID NOT RETEST THE BOTTOM EVERYONE WAS RAVING ABOUT -MACD...
VERY NICE INVERSE H&S PATTERN FORMING INSIDE THE RIGHT SHOULDER OF A MUCH LARGER INVERSE H&S. IT ( THE SMALLER INVERSE H&S) JUST FITS LIKE A GLOVE AND FULFILLS THE LARGER INVERSE H&S PATTERN. IF THAT HAPPENS, WE ARE TARGETING OVER $16,000 THE ABOVE ARE MY OPINIONS AND SO PLEASE USE YOUR OWN JUDGEMENT AND TRADE RESPONSIBLY. CRYPTO-CURRENCIES ARE A VERY VOLATILE...
TAKE A LOOK AND TELL MW WHAT YOU SEE. IF LTC COMPLETES THE LEFT SHOULDER IT WILL ESSENTIALLY TAKE US INTO THE DOWNTREND OF A HUGE COMPLETED INVERTED CUP TARGETING $120 OR SO. LTC WAS IN A NICE UPWARDS CHANNEL BUT BROKE DOWN BELOW THE UPTREND BOTTOM SUPPORT ON FEB.27. IF THAT SAME LINE BECOMES RESISTANCE, AND LTC IS REJECTED AT THAT LINE BEFORE IT REACHES $232...
TAKE A LOOK AT THE CHART. WITH THE AIRDROP COMING IN A FEW DAYS, I EXPECT SOME UP SIDE