So yesterday we i gave 2 possible targets, one around 3200 (which would be a bear trap move) and the second around 3050 which would simply be the target of the bear flag. We saw that short squeeze happen out of nowhere, up to 3550. It was a 300 point squeeze, which usually is a big one, but it got sold off so hard and quickly again, it shows a lot of people were...
So you can follow the chart on your own. Click on the horn at the bottom right, then click: "make it mine", so you can follow the fractal more closely :)
XRP' is still following the path of this bear flag. It has found some support around the 0.345, similar to the 3800 of Bitcoin'. If these break we can see another wave down. I have added this decending trend line from the highs, showing a possible triangle. If that breaks on the upside, we could see a move towards the 0.365 or even 0.375. If we get above the last...
The targets of the previous analysis have been "reached", but the movement is probably still not over yet. Even though we have dropped quite a bit already since the 4250 high of the weekend. There is simply just no panic selling or any high volume to be seen yet. Only at the break of the 3800 support (where price had found some support several times) caused some...
So the previous analysis has been quite perfect so far. As the general waves lately as well, it's just so great we have our volatility back again. Anyway, the big ABC correction i mentioned a while back is still in play which means this whole move could be the start of another impulse wave down. For that to happen we have to stay below the 4100/4050, simple as...
ETH has not made a good bounce yet and is still hanging around the current support level. Volume has been dropping as well but that is normal during a sideways correctional move. If this green support breaks, we could see that big inverse H&S play out. At least see that wave down happening. The inverse H&S will of course only play out if we see a big rally...
We have gotten a second chance to play this bearish wedge. After the previous trade which failed, but gladly was just a small as usual. Not the previous candles are very bullish, but i think this wedge is legit so i don't see it getting above that previous high. I am going to split my entries in 2, i am going to risk one part here, if that trend line on the left...
Break of the upwards trend line, we have a gap as well that will probably work as an resistance. But i first want to see some rejection around the current level. So wait and see how things turn out before getting into a position here. So probably at least a few hours more before i get in, maybe even tomorrow. Previous analysis:
The perfect long trade on Gold' got a hick up past week because of that H&S that eventually got formed so my stop got reached but still a very nice profit. Now instead of reaching it's target around 1210, where i wanted to re enter again we stayed above the 1212 and made a Bart move :). Now there are 2 options: -Ugly unreliable inverse H&S, the only way i see...
The small inverse H&S shows we might be moving up directly from the opening later today as we can see on the left. If that happens i will try to get in and catch the momentum of that H&S. Long term picture is starting to look more bullish now, but there is still a long way to go for that. That wedge is not a beauty but as long as we stay above that green support...
We can see an aggressive rejection from the high to the current level. At the moment it will probably form a bear flag. I am going to do 2 trades here, a swing trade and a normal day trade. For the entry, i will wait to see it form the bear flag first and for both i will short the first 50% when i see some rejection from the bear flag and make them normal sizes at...
There is possible bullish wedge here. It's not the best one but there are many good characteristics of a wedge. I am going to play it safe and will wait a bit more before i will get in. I want to see it go towards the support line one more time and see it get find some support there. Then i will get in with half a position and make the position complete after the...
As promised i would explain my view on why i assumed today's bear flag was NOT a Bart move. There is more to is than just these 2 moves, the bigger picture also plays a part, but i won't get into those details because it would make things too complicated. 1: The spread between high and low 2: A drop and quick move above the previous high 3: Difference in...
As thoroughly explained in the previous analysis, why this inverse H&S would fail, we have gotten our answer earlier today. Please read my previous analysis to understand why. There were even a few fractals to show this as well, the one i talked about and a follower he told me about another one as well. Both quite identical to this one. This doesn't mean the...
I actually did not want to make an analysis on these 2 but since many people have asked me to i will give it a try. The reasons i did not want to do it myself is very simple, there is not enough data to analyse these 2, only 3 weeks of data. But i will give it a try. My second reason is, i honestly do not even want to waste my time or energy on something that is...
In my previous analysis i said that we could drop towards the 110/108 levels, based on 2 triangles giving that target. I also said that it could potentially be a long term low because the volume was good while that low was being made. We made a decent bounce up with good volume but we never got above the 130ish level and the strength of that rally has been fading...
XRP' has been moving exactly as i showed in my previous analysis where i expected a small bounce up to make a lower high inside this bear flag. So far this is a very bad sign, the way it has been moving. The only thing that can save it, is a higher low above that green support around 0.365. This is typical bear flag movement so far, with the dropping volume...
In my previous analysis i talked about that failing to reach the 4600ish target would be a sign of weakness and that we would probably make a decent drop. Bulls were so weak they were not even able to complete the bearish wedge and instead an H&S was formed. A big drop was no surprise because of that. I had the target set around 3800 (and a bit) but we did not...