Patience pays off, waiting for the right moment to get in. In my previous analysis i showed the possible bear trap move and that a break of the red resistance on the right would be a confirmation. Also mentioned that we still needed to see an increase in volume, it's exactly that what we have seen today. From the looks of it, we might see a break of this triangle...
Since my last post on BCH' showing the potential made a huge rally the past few days making a big step towards confirming a mid-term low at least. The bottom formation was still valid as long as it would stay in the green zone. That bear trap produced a huge counter move bringing the price in almost a straight line to the resistance level at 600. A break of this...
Steady alts with a sideways Bitcoin', that is something we have not seen in a very long time. The past few months when we would see alts move up when Bitcoin' was making a move upwards, but as soon as the bullish move of Bitcoin' would slow down, we would see alts drop again. So each time when Bitcoin's rally would slow down and move sideways inside a bull flag,...
Things are slowly turning towards the bullish side now, but we are not there yet though. Still want to see a break of the 6500 level before being back in the safe zone again. I made this chart earlier today before the rally trying to show the important levels for Bitcoin'. The first one for the bulls broke earlier today ( the blue triangle trend line ) and the...
So far it has been moving as suspected, getting closer to my entry zone. Many of my followers have been asking me why i did not go long on this expected move up. Well that is quite easy to answer: In this case i am HOPING it moves up, so it can retest the neckline of that H&S again and forming this possible bearish wedge. Purely because i am hoping, i won't...
On the left we can see a big bull flag and the wedge i have drawn as well, both of them failed. Now we have a smaller bullish wedge in the making, could also fail but the RR is way to good to ignore this one. I am trying half here at the low and the second half when it break the wedge.
Looks like a solid triangle and a possible inverse H&S. Would be a nice scalp trade trying to catch the correction of the big drop it's made lately. I am going to go long if the triangle breaks and will move the stop higher as soon as we move higher. As soon as i get the chance, i want to move the stop to entry. The daily also shows a possible buy/reversal signal
Looks like a inverse H&S in the making here. I would not get in before this channel breaks or before that red resistance zone breaks. Price should not drop below that green support zone anymore, so that would be a good stop loss level when entering this trade.
As many other alts, BCH was looking very bad and bearish a week ago, but i was very hesitant on giving short trades. Because it's not the first time that most of the TA signals say DOWN but the market does the opposite. We have al all learned it the hard way, that this market has become a Trapping market. The main reason for this is the low volume, so unless that...
We have a higher opening now on the NDX' and on the right we can see the future already broke that trend line. This shows we might be able to move higher for the short term. In theory we should stay below the 7000/7050 for the H&S, but markets don't follow the rules of course. If we start to see rejection at the current red resistance zone, we might see allot more...
Looks like a very solid bottom formation. Safe play is waiting for a break of the neckline, risky play is starting to scale in here. Should not drop below the 815 anymore
Litecoin made a bearish break of the triangle but no big drop happened and so far the former support is getting tested. It is almost starting to look like a false breakout even. If the bulls can break that red resistance on right chart, it will be a first confirmation of that false break out. Still nog seeing the volume to confirm all this though. I have been...
Bitcoin' made a small bear trap and just pushed up with alts making similar moves. XRP is still moving inside of this channel (possible bull flag). If it breaks that channel and actually even that red resistance around 0.465, we could see another wave up towards the 0.6 again. Anything inside the channel is still high risk, below the red zone is a bit risky.
Daily shows a good (temp) low formation and on the lower time frame we can see an inverse H&S. It should not drop below that red zone. Target is in that blue circle. Previous analysis:
Made a good strong bounce today, ideally we will see some sideways movement in the shape of a bull flag, slow and steady towards our entry zone (blue). If that happens, we can increase the position at the green circle with the target at the yellow circle. Stop level will be the red zone
2 days ago everything was looking very bad and ugly for Bitcoin' and with that the whole Crypto market. I gave a few options and levels on the short and those were the following: - A quick move down towards 6150 and a quick move up again, if this happens this all might have been a bear trap and that big move i am predicting will probably be to the upside. - The...
Made quite the dump today, suggesting another wave down can be expected soon again. So first wait for a move up towards that blue entry zone, wait for some rejection and short it. Stop level around that red zone with target in that yellow circle.
With a big H&S at the high with the target still not reached, i think we can see some upwards movement on the short term to retest that neckline again before making another big drop. So patiently waiting for that neckline (red zone) to get tested again, if that happens it will have formed a wedge. Not just enter the trade when it hits that zone, first wait...