ETH' just made a small drop and pump half hour ago. On the left we can see the daily volume increasing again compared to previous days, but what this candle does not show, is that so far half of that candle is buying volume. Which is not normal for a bearish version. We broke the neckline a week ago with some volume increase, but the increase actually happened...
The previous analysis after the pump where XRP' dropped quite a lot after the pump, i mentioned that it was likely to be a bad sign and an indication of a fake rally. Eventually we dropped almost back to the low again. The reason why i said that, was because after a big strong pump we had back then, it should never make such a big correction that fast again....
What a pump Litecoin' did today, really sticking out of the average of this market. What i said a week ago: "As i mentioned in my Bitcoin' analysis yesterday, i would keep an eye on Litecoin', because it is a good indicator for the direction of this market." So far this LTC has been leading, but to be honest, the rest of the market is falling way behind....
XRP' made a very strong rally yesterday, making several waves up with high volume. But because Bitcoin' dropped 50 points, XRP' gave away 50% of it's rally. Normally way to much. It's still above that green support there on the left, but from the looks of it, big chance it will break as well. Whatever happens, that purple zone on the right should hold for the...
The double bottom i showed yesterday is working out so far. Inside that W bottom there was also a smaller one created the last few days (purple line)which is almost et it's target around 3420. The other day when i showed that alts were showing some strength compared to Bitcoin for the first time in a while, where i was thinking it might be a sign, has shown itself...
Amazing to see how this slow sideways movement just never seems to be ending. Moving one week inside a 50 point range almost. Keeping the whole market on edge to whether we see a big dump or a big pump happen soon. Normally when a market drops so slowly inside of the shape of a wedge, with volume dropping as well, it's usually a bullish sign. Usually means that...
Litecoin' completed it's move up, but eventually got stopped inside this big channel. With a few attempts to break that bearish pattern, it failed and started to drop again to the low of this channel. On the right we can see a bear flag or triangle. With the triangle having the the purple circle as a target and the bear flag having the yellow circle as a target....
Since the previous analysis we have dropped in to that yellow zone, but so far just in a straight line. As mentioned in the previous analysis, first i want to see if we see some kind of pattern gets formed before going long. Because the pullback from the breakout is already weak, we dropped a bit below the breakout zone (blue zone on the right), i am going to...
Looks like a solid double bottom pattern in the making. On the right we can see a triangle as well. So i am going to wait for a downwards breakout and if we see something like the blue line, i will try a long around the yellow circle, so after the breakout of that channel. Previous analysis:
My view for the EURUSD has been up for the long term and after several months of sideways action, it looks like we finally have the breakout. The trigger was yesterday, when FED changed their interest outlook for the coming year. Towards the end of 2018 the FED decided they would do 2 interest hikes in 2019, which was a disappointment for the stock market and one...
So far still following that blue line of mine in the bigger picture but things are starting to look more bearish than a few days ago. On the left it is starting to look like a pattern. Making one ABC' after the other and as we can see, the channels are shifting more downwards as well. This is not a pattern i have much experience with, but the first obvious thought...
Yesterday's bull flag i posted played out, broke up and rallied a bit, but as you can see, there was no real volume. This shows again how important volume is. The fact that it broke down straight through the flag again, is usually a very bad sign. So where it looked like that blue line scenario on the middle chart was out of play with that last push, now it...
XLM' was one of the strongest coins in 2018, until november it was holding it's levels while the rest of the market tumbled. But lately it has played catch up as well. Now it is starting to look like there is a chance the low is being set, at least a temp low. There is divergence on the right and left. Volume profile is a bit bullish as well it seems. On the...
So far moving quite well as the blue line suggested, it was just a bit more bullish than anticipated. It's already above yesterday's high. Now it is important that the levels are being held. Staying above 32.5ish with a max of 32. That big bear H&S where i see many looking at is there, but the right shoulder is getting very big now, but more importantly, it's...
So far the market has been following that blue line scenario on the right. It fell short yesterday with completing that small wedge, it did not make that last drop to the support line but instead it went up with alts also breaking up nicely. Until a few hours ago, things looked good/okay, with alts being really strong and looking like they wanted to break up even...
I am going to short oil here, it made quite the dump the past hours, indicating there is more to come. I am getting in with half now and will wait with the other half for the blue circle. I am also going to use 2 stops here. Yellow circles are my targets and the obvious target at the low. Previous analysis:
ETH' is still extremely weak, as unstoppable as it was in Dec during the rally, it has turned around completely now. Target of the big H&S is at the Dec lows. In the middle we can see a possible bear flag in the making, which is confirming the H&S as well. When we zoom in a bit, it looks like a triangle. I see 2 scenario's for the lower time frame: 1) Red line,...
Made quite the rally without a real correction, now it looks like a small wedge. It's not a great one, because it is a bit to steep (the support line) and could also be a ascending triangle. But worth the shot with a 1.5/2 point stop making it a good RR trade for me. The blue line shows a tiny H&S on the low time frame, if that breaks, it could work out.