Friday at the close there was an attempt to break up but instead it got rejected and sold of. Now that trend line have been broken and we got a sell signal on the 4H candle as well. If we open around the current price i might short it with a half size and wait and see how things go first. We can still see a retest of that former support line. I want to see that...
In my Bitcoin' analysis i showed a big bear flag in the making for XRP', so far it is playing out since we dropped to low again. Well this coin got pumped so much 2 months ago and as all other alt coins, it has given away most of the profit again. It could drop much more, depending on Bitcoin' of course. On the right we can see a resistance level, this shows that...
Looks like a decent H&S in the making here. But, the rally prior to it was very strong one. So it could turn into a bullish wedge, but when looking at the daily, it could be the short term high is already set. I have 2 targets, as you can see the trade i posted and the second one i will use is the yellow circle. I am waiting for a better entry, like the blue...
The double bottom play i showed a few days ago played out but has not reached it's target yet. A very important factor now is, will it be able to reach the target or not. If it can't move up, it means the market is not strong enough and we can see some panic selling again. The market took some big hits the past few weeks and does not just simply forget that. So...
The pump ETP made since Juli 2018, has been an extreme fake pump. I remember asking my members back than, if something special was going on fundamentally, nobody had an answer on that question. So it was quite obvious it was a fake pump even at the start. Now during the rally the first few people started to short it around $2/2.5 and some tried it several times...
Sunday we had the chance to break the 4100, make a (short) term reversal but even though everything was in reach the bulls were too weak and lost the fight. Since that rejection at 4100 we started to drop again and the bears slowly took control again. However this time the bulls stepped in around the 3500 several times the past few days defending that level and...
My previous analysis i mentioned the correction was probably not done yet. The target was reached of the triangle and so far it has been a support level. At the moment it could become a potential low for a bigger upwards correction. If it can close above the 120/125 on the daily with good volume, it would give a big buy signal. But still a long way to go. The...
Same story as ETH', chance for a potential short term low. The setup is once again there, just like Sunday. But this time the setup is better than Sunday. There is already a higher low in place, only thing needed is a higher high. Whatever happens, that blue curved circle needs to hold, because that shows the potential bullish momentum. The breakout needs to be...
Oil made a huge dump the past few weeks and is around a long term support level now. It made a bullish wedge but it even broke below it. There are 2 options here, if we don't move up soon, it could probably drop a whole lot more. But with a possible false break out, the point where we are now, there is certainly a chance it will move up again. Making it a bear...
Looks like a solid triangle here and from the looks of it we will probably see a break on the upside. But every triangle can go both ways. So i am going to wait for some confirmation first. So i want to see it move like one of the blue lines first before going in the trade. So a break of the triangle and a retest. Please don't forget to like if you appreciate...
We had some bullish movement on Sunday and the bulls had the reversal in their grasp, if they would have broken the 4100 and closed the daily candle at 4300/4400 that day. There was even a big bull flag in the making around that level which broke up but failed completely and simply took the price down again because of that weakness and resistance level of 4100....
The previous trade overreached it's target by a lot, so i am going to take another trade on this one. It's not a beautiful bear flag, but because of the extra profit i am going to take it on. Good risk reward as well. On the left we can see a possible long term scenario. If this play out, i will try and make trades during those waves, assuming the general...
Going to keep this one short since we are dumping as we speak. That 4400/4380, a level i kept showing and mentioning, never broke the past days. Showing the weakness in the market. To my surprise we have already dropped, on a Saturday night, something that has nog happend in a few months. On the right we can see the Bitfinex chart, which makes things a bit more...
Looks like a real triangle for LTC' here with a target around 29. I will be watching this one for the coming days to see if it will reach that target. If that happens i might be thinking of going long on LTC' around that level. But not without some confirmation from Bitcoin' as well. The target of the bigger triangle on the left seems to have the same target...
ETH' has been such a weak coin the past months. A lot of people were asking if ETH would not be a great buy around 300 even and even more around 200 levels. Because for the nr 2 alt coin, it got dumped so much, it should be a buy. Well as i told most, the market is always right. When a certain asset gets dumped, there has to be a reason for that dump. It seems the...
Looks like a standard H&S pattern here. I am waiting for the retest, but i think we could see the pullback go higher than the neckline, something that happens more often in FX. The right shoulder did go higher than it should, so there is some risk here. That's why i will get in with half at the entry zone and the other half we we start to drop. Previous analysis:
Looks like a good bearish wedge, should break down here but could still make one more wave up. I am going in with half a pos and will increase if we move up to the upside of the wedge again or add those on the way down. Volume picture is also confirming the wedge. Previous analysis:
In my previous analysis i said the following: The 4000ish level can be tested as well, rather see it stay above the 4050/4100, showing some inpatient buyers wanting to get in (who do not want to wait for the 4000 or lower levels). We have resistance levels around 4500 and 4700 now. So far this has played out and we are still inside this range as well. However we...