What a sick move today, Saturday manipulation at it's best. This market is just so easy for these people when volume is low. Anyway, there were a lot of things in favor for at least a test of the 4000/4050. -The daily candle of yesterday was perfect, today's was good as well. But of course, just minutes before the daily close the price got pushed down....
Here we can see the volume on the way down was increasing a month ago, this time its decreasing. Just the holidays maybe making it a bit unreliable. Alts are also better today than the past days. 3800 would be a small step, the levels above would be a bigger step. I just updated this in my groups and channel. I don't have time to make a new analysis, i will do...
At the moment still bouncing in the 3680/3840 range for more than 2 days now. For the rest there is not much that has changed now. So please read previous analysis to be more up to date. Several Alts have made H&S patterns, some above and some below the neckline. Some even went below it and back above it. This all says that actually nobody knows what will happens...
S&P' of the last few days, looks so similar. I had this in mind for BTC', something like this at least for the right shoulder. But the first wave down of BTC was much bigger than i thought it would be. So of course this fractal is not very reliable, since it's an S&P' fractal and not of Bitcoin' itself, but looks like it has al the same stages. So worth to watch...
After a big drop in the stock market, this could be the start of a bigger upwards correction. Target is the orange circle, assuming the neckline will break tomorrow. Previous analysis:
When looking at the Feb fractal, we should be in the blue stage of that yellow circle. Bu it's clear that this time the movement is much weaker. We really need to break that red resistance (yesterday's high) to be able to think it could happen again. Problem is, we dropped a bit too much, but even more, we dropped in a straight line. We are missing that purple...
The previous few analysis on ETH worked out very nice and the double bottom including the inverse H&S worked out very good as well. We can see good volume, we can see very strong movement up as well. This suggest it's far from over. As long as we stay above the green support zone, we should be seeing higher prices the coming weeks. On the right we can see a...
Damn, this market was very eager to drop again it seems. What a dump again, thinking we could have some slow movement coming days during the holidays! Yeah right, wishful thinking. Anyway, i was waiting for this drop to happen eventually, but i was not expecting a dump like this. Not with this speed i mean. This could change things a bit, but correction are...
XRP' bulls are feeling good and have been quite strong the past days. Making the inverse H&S is good realistic pattern. In my previous it followed my assumption pretty good with that double bottom bounce, testing the support with a lot of succes. Now the right shoulder for the inverse H&S is a bit small, but it could work though. There is also enough room to make...
Where i did not like the right shoulder from the previous analysis, we eventually made a bigger one where it stayed perfectly inside of a bigger bull flag. Yesterday's breakout was quite perfect, a big rally with high volume, exactly as a breakout should be. So chances at the moment very good for it to reach it's target around that blue circle coming week or 2....
In the previous analysis i showed a H&S pattern of which i assumed it would probably fail and we could see a counter move up. We made that higher low on the right shoulder and since then we went up. However, this is not a strong counter move as i expected it to be (if the H&S would fail), the blue circle area should have been a bit stronger. On the left we can see...
I had pulled out this chart yesterday, comparing the lows we had this year to have a decent guideline for the coming days/weeks. I also had the April rally, but for now the Feb rally looks much better. Of course this fractal is not a beauty, but the fact that we are moving a bit similar the past 5 days or so, makes me think it is a realistic comparison. The green...
Making a new one here since the updates have become too many in the previous analysis. My general view for the last view days was, making a good solid correction and/or consolidation of the rally from the 3200. But the past 24 hours it starting to look like the alt coins don't want to wait so long, so things have become confusing at the moment for the short term....
Okay, time for another update. It has been like we have never been in a bear market . Bears are scared nowadays and not the bulls. The is what we need for a good rally. Today's rally got me by surprise a bit, did not think we would move up so quickly again. But that's also because i would have rather seen a bigger consolidation, creating more foundation the next...
Looks like a solid H&S, but we can clearly see the the volume is not really confirming it. So there is a decent chance we could see a higher low above the neckline and make a push up and a counter rally up. But if the 180ish breaks, the H&S will become likely Previous analysis:
An update on the April fractal. Still seeing some similarities. In april we had a 20% rally from the low, this time a 13% rally. Now the % says we are in the lower yellow circle, meaning we could make another bigger wave up. The shape says we are already in the higher yellow correction phase close to the high. My assumption is still that we have another big wave...
In the past month or so i gave a fractal where we caught the reversal around the low. Taking profit during the movement and adding again, giving it a decent chance for the fractal to play out. But the past few days the rally has slowed down a lot and we got a big rejection today as well with that big red candle. So it's very likely we will see another drop soon....
XRP made a big strong rally to the high of a big resistance. Because of this conviction there is a reasonable chance to form a big inverse H&S. But we would need to see a good solid correction/consolidation from the current levels. On the right we can see a channel, if that breaks we can assume the green support will get tested again. If that happens there is a...