Bitcoin's rally has been very weak so far. Yesterday's drop was a first signs that the rally is not that strong yet. Not because the price, but the speed of the drop showed how fragile the rally has been. I said that i would be very surprised if the price would break the low at 7100 and still expected a continuation of the rally, at least as long as the 7250 would...
We all know what happened with ZEC after that fake pump it did a few weeks ago. Since the 300/310 support broke it made a big dump to the previous low. Now it seems the correction up is not over yet, has made a very convincing bullish triangle. Chances are very high it will break upwards, but there is a chance it will make a false break down first. That's why i...
ETH seems to have made a bearish wedge, volume is slightly dropping during this rally and bulls are getting more resistance around the 570/590. Just like Bitcoin, looks like it will make a drop first before going up again. Don't think the low will be tested though but probably bulls will catch it around the 530 Previous analysis
The target of 6900/7000 did not get reached, because it was getting bought at the lows yesterday. In my last update i posted i said that it was clear that bearish momentum was dropping. A few hours before that i showed a bullish wedge that could possibly show a reversal as well, but the price dropped below it, which happens very often but than it should go up...
NEO has bounced from the long term support level (green area). There is chance it will break somewhere in the coming weeks, but for now it provides a very nice trade to go long. And if i am wrong with my med term view, big chance this will be the low as well Don't forget to like :) Previous analysis
The ones who have followed me on the DAX know i have waited very patiently for the correctional wave to end. Ever since i called the the start of the bear market from around 13.440 (futures price) i knew were going to see an ABC wave that will end with a very big bull trap. Where i pointed out the reversal we saw the market created a very nasty bear trap on...
In my previous analysis i posted a target for XRP for around 0.50. Those levels are a big support level so it will important to see what will happen there IF we get there of course. As always and on both sides, targets can fall short. So it's always wise to lock in some profit for the ones who shorted XRP. Just to reduce risk and lock in some profit as well. Never...
Nothing has changed since my previous update, price is still moving sideways. Yesterday it looked like Bitcoin was slipping and would make another drop but there were some buyers who pushed the price back into the triangle again. In one of my previous updates, i mentioned that i was thinking about 2 options. A bear flag, which would mean the price has to go...
BCH is still dropping and very bearish at the moment. As long as it stays within this descending channel there is absolutely no reason to think about a rally any time soon. It has dropped out of that bear flag as well and has started to accelerate down again. The target of the H&S which i posted in my previous analysis on BCH is still not reached and is around the...
EURUSD has made a very big drop lately, each small bounce up just got sold again and again. This pattern seems to have come to an end now while making this wedge.A break of 1.84 would be a confirmation that we could go towards the 1.20 again As long as the 1.167 holds we should continue to make at least a small rally. But it should actually stay above the 1.171
XRP has been very weak for quite some time now, this triangle is giving a target of around 0.50 for the coming period. Best case we see a retracement (blue line) towards 0.65/0.68 before making the drop to that target. Only a convincing rally above 0.71 could invalidate this bearish setup. Previous analysis
Yesterday i mentioned in my last few updates, that there was some hope for the bulls to create an inverse H&S that could possible take us to the 8000. But the But i mentioned it was quite certain that we would test the lows again, because the rally from the low was not that convincing. That inverse H&S was their last hope to avoid that. I just woke up and saw the...
Bitcoin bulls have fled the scene again, nowhere to be find it seems. So far Bitcoin is still following that red line i posted in my previous chart. Now that purple wedge was just a thought of mine of what the price could do the coming days, so that support line is a pure guess. So don't think we will bounce up from that line. The low is around 7800 now so it...
IOTA mad a big rally from the April low, but things seems to have turned around again. Looks like a big H&S giving targets around the April low's. The neckline is already broken and usually it should drop again from the current level. But crypto's don't care about TA rules so there still see another small rally before it starts to drop again. But like every other...
Since the bounce of Bitcoin from the 79xx low i kept saying the rally has been quite weak, even though my previous analysis said we should go towards 8600/8800. Bitcoin has rallied to almost 8600, but i think it has already come to an end. I had some scenario's in my head, thinking we could even go towards the 9000/9400, but i give the red line the biggest chance...
I wanted to post this chart back in March/April, but i really thought to many people would start to hate me because of it. In the meantime i have added a few things to it, since more things are clearer now than 2 months ago. Also because most crypto traders have become more realistic lately. This is no trading advice people, this is just my view of what was going...
ETH seems to be preparing for a very big drop soon, for me the only question is, when. First another move up before dropping are just go straight down from here. ETH had shown some real strength the last few weeks, but it has turned completely. Since it was not able to break the 740, it has made a lower low, almost confirming the down trend again. I mentioned in...
Bitcoin has made some frustrating moves lately, they keep getting worse. The moves i mean are the squeezes up and down, these are produced by whales to push out day traders from their long and short positions and to put their losses into their pockets. The only way to to stop this, is take on smaller positions so you can take on wider stops. So you don't get...