The whole market has been moving sideways for more than 3 days now and ETH' has been a weak link these days. Forming some top formation, but volume on dropping a little bit. Now the difficult thing here is, just as with Bitcoin', the Holiday's have influence into how the charts/pattern look like now. It's difficult to say if we should ignore it or that it is...
After moving sideways for more than 3 days, after the 300 point squeeze from 3800 to 4100, it looks like me might get our answer for the inverse H&S in the next 24 hours. Based on the consolidation, which has been quite stable above the 4000 (with only wicks below it to 3950ish), we can say the correction has been strong so far. There are some alts that have been...
EURUSD made a very nice breakout, but i think it will continue to fool everyone for a while longer. If you remember, my last post on EURUSD, i went long around the low, going against TA short and sentiment, for the reasons i mentioned back than. It took a while, but patience pays off sometimes. On the right we can see an ugly inverse H&S that is about to fail it...
So the far the past analysis have been working out quite nicely, but of course the higher we get the bigger the risks become. In the previous analysis i mentioned that if the bulls would be able to keep it above that trend line on the left, it could become very bullish. With that i mean a very big rally, towards 50/60 even. But the only way that can happen, is if...
It broke the support line a few days ago, but it has not really dropped since. On the right we can also see a bullish wedge. But what sticks out, is the high volume the past few hours. Like some are accumulating at this level. There is a zone between the green and red area. Assuming the wedge is real and we break up, the target is around the yellow...
Volume picture looks good and at the moment we ca see a bull flag in the making. If the bulls can hold this flag, we could see another rally for EOS happen. Previous analysis:
There is not much to add to the previous analysis, except that the xrpbtc' pair seems to have made a small breakout. The one i posted in my public channel just before that small pump. Here we can also see an attempt to push up as well, but volume is still low. It is increasing a bit which is good and it is still below all the resistance levels, so it's normal that...
I was away yesterday and i thought i posted an update here as well. I did it even before i posted it in my channel, but seems something might went wrong. ............It’s starting to look like we can make another drop. Could be a quick and maybe small shake out to maybe 3920/3890. Alts are still weak, have been all day. Alts need to move up with a sideways...
Finally, some good movement again, from Bitcoin' and alts. Volume has increased a bit, OI on Bitmex has increased (despite the liquidations), several alts made good jumps up as well. But we are certainly not there yet. The real resistance levels are still above the market for Bitcoin' and many of the alts. We can simply still make a lower high at 4100ish. If we...
The 0.36 and 0.4 range is still in play and has been for a while now. The highs however, have been getting lower the past week which normally is a bearish sign. It looks like we have formed a channel on the left now, this one could give us an answer for what will happen for the mid-term. Even if the channel breaks, the purple zone seems to be resistance as well....
Even with this sideways market, LTC' managed to reach it's target around 40. There is more potential on the upside, but the rest of the market is not that bullish yet. So there is obviously risk here. For the smart people who took some profit already around the high, i would sit on my hands to wait and see how this play out first. Don't let greed of FOMO make your...
Today i described the spoofing that was going on with ETH, almost step by step. I will post all the messages here below, look at the signs and try not to get fooled by these cheating bastards. 1) 4 hours ago Comment: Ping Pong action again, always the same when volume drops to these levels. Nothing really changed, except that we have a resistance now around...
Looks like a textbook inverse H&S. On each movement volume increase the price was moving up. At the moment still below the neckline though, so even though it looks great, it can still fail. It looks like it needs Bitcoin' to break the 3900/3950. If the neckline breaks, we need to see volume increase as well. On the right we can see a green support, that one must...
The triangle seems legit, the volume is decent but it has to increase a lot if we break the resistance around 34/35. The small bull flag on the right should hold to keep the pressure on the bears. So it has to stay above the green support. If that breaks, it can still happen through another higher low inside the triangle, but of course it becomes less likely. The...
I will continue my updates here, since many don't like to scroll through my many updates. You all know my thoughts, assuming we won't see a break of the 3950/3600 since a week ago. We are still moving inside of it, even though we are seeing an attempt to break up, the volume is very low. On the right we see a green support zone, if that one breaks, we can drop or...
Looks like the stock market is getting ready for a relief rally. We can see inverse H&S patterns with most of the stocks. If this smaller inverse H&S plays out, we could see it becoming the start of the right shoulder of a bigger (ugly shaped) H&S. Previous analysis:
Several Alts show the same picture as ADA' is showing here at the moment. The move up are getting weaker lately and it has turned into the shape of a bearish wedge. The volume is not perfect for a wedge though, also thinking about the holiday's the past 10 days or so, the volume picture might be even completely wrong. For now i think it's important to watch the...
I usually don't do the btc' pairs, but these 2 patterns could be significant though. Since they show a mid/long term picture for XRP' and possibly even for the entire market. On the left we can see a big inverse H&S while on the right we can see a big bearish wedge. At the moment we are still at the support line of the bearish wedge, so there is not much room...