Been a while since i posted a fractal on Bitcoin but i think this one could be a real one again. The market just has changed so much the past month, volume on Bitmex has been increasing and that has increased the manipulation in this market even more. Because they long/short there and use the other exchanges to steer the price when they can. But there has been a...
Still nog allot has changed and still going sideways. On one hand this shows the market does not wont to drop which is a bullish sign! Based on TA it is a bit complicated because i see several mixed signals. On the left we see a possible triangle in the making which could also turn into a big bull flag if we stay above the 7000ish. On the lower time frame on the...
While i am writing this it broke the bull flag and from the looks of it the resistance as well because bitcoin made a small 30 point jump up, that's a pump nowadays :). Those to green levels should be the support levels but since it broke out already we should not get that low anymore. The 5.22 should be the support for now, from there we should be bouncing up again
ETC might be a good one here, seems to be ready to take off. But volume is clearly not there yet. Maybe if the small resistance breaks of that small inverse H&S could bring in the volume.
So far it is still looking good, looking gooooooood :) I deleted a few of the lines from the previous chart because they are not in play anymore. The options have become more limited now since we broke the 7150. Today we went to 7300 but got rejected just as fast again, but there was no real dump, as i am writing this the 7180/7200 is still holding very stable....
WAN has made a big inverse H&S now with a target of around 50/60% higher. The neckline almost breaks already, volume has been very good the past week as well, looks like accumulation as well. Together with my view of Bitcoin, could be we can see a small/big alt season again, something we have nog seen for months now. Target of this IH&S is around 2.2, that is a...
If the price is able to make a good solid bull flag here, it could potentially make another big rally. Of course depends on what Bitcoin will do, if it stays stable and goes up, this would be a perfect scenario. Don't think it will squeeze up now, we should see another small wave down first.
This looks like a long term trade setup. A big H&S that is in full play and at the moment the retest of the neckline is happening. From the looks it, seems like it is in a bearish wedge . I rather wait for an entry to where the blue line is going, because i think the price could still go there. But we need to see how this possible wedge works out. (this was from 2...
We played the wedge 2 days ago, worked out perfectly. I said there was a chance we could break the green support area , so far we bounced up a bit. Now chances have increased that we might make a big inverse H&S .We do need to see it turn slowly up again this week. Remember, H&S patterns can always fail, so don't just jump in without a plan!
As promised, i would write a new analysis today, so here it goes. A week or 2 ago i posted an analysis where where i mentioned that i thought the whole 5850/6600 action was one big accumulation phase. So far it has almost been confirmed, but not there yet. When zooming out and looking at the daily chart we can see one very big and solid support levels around the...
From the looks of it gold has formed a a small bearish wedge, it's not the best i have seen but looks good. Good risk reward because of the tight stop. Longer term could be an inverse H&S (blue line), but it's an ugly one. It does fit the picture of the strong bounce gold has made a week ago.
EURUSD bounced up very strong last weak, making a V shape low and pushing through the first resistance. It looks like it made a bigger inverse H&S, but the size of it does not feel right, the shoulders actually and the position of the H&S. At the moment it looks like it is making a wedge, on which we can trade on. the target where you see the blue line go. So...
Blue zone looks like a good entry, green zone is mid-term support. Red zone looks like a good stop for a day trade and the green for a swing trade
LTC as many other alts, about to break resistance, but not there yet. Green is support, red is level to break to rally more
So the target area got reached of that inverse H&S , but bulls were able to celebrate for 5 seconds i think :) At the moment the price is still stable above the 6500/6450 which is a good sign, but the way the market has been moving lately, it means nothing at all because most movements are too random. We had our 100% proof a week ago, twice even that 1 person can...
So the target area got reached of that inverse H&S , but bulls were able to celebrate for 5 seconds i think :) At the moment the price is still stable above the 6500/6450 which is a good sign, but the way the market has been moving lately, it means nothing at all because most movements are too random. We had our 100% proof a week ago, twice even that 1 person can...
So today we have seen the same as a week ago, one big Bitcoin whale buying around 10.000 Bitcoins around 6300 again, almost the same as a week ago. Now i keep wondering, if that whale that bought everything up at that blue circle a week ago, does he still have them, did he unload at the highs? Did he just dump these and did another one buy them up? (don't think...
Bitcoin has made maybe 5 attempts to make that inverse H&S around the 6500 neckline, but they have all failed so far. This time it got rejected again at 6500, but with all the action going on yesterday, don't think it will fail this time (read my last few updates of the previous analysis, with a big whale buying big amounts of Bitcoin around 6250/6300). Unless a...