ZEC got pumped yesterday, probably because it's a booming company with great turnover and massive revenue :) (sarcasm guys :). Just a joke, don't get offended please :). Anyway, price went up pretty much, even when Bitcoin made a small drop it went higher. But it seems the fun is over for now at least. Think we can expect a drop towards the 310/340, can't give a...
Monero has been a weak coin as well lately, very close to the previous low of April already, showing the weakness of this Alt coin very clearly. It does seem to be inside a very big triangle, something we can't ignore. For a bullish scenario i think price should not drop below the 190/180 and should find support from that green support area it's in at the very...
Bitcoin cash, this one got pumped so hard the past month to make the crypto market crazy again. This strategy seems to be over already and from the looks of it, price want's to drop again. It has formed several bearish patterns, the biggest one is the possible H&S. The right should is still not complete, so things could still become bullish eventually. Since the...
So the target of 8100 was reached, after allot of confusion in between, we did drop below the previous low of 8200. I mentioned a few times that we still needed to make a drop below the 8200. I posted 2 scenario's in my previous analysis, a bullish and a bearish one, but both said we needed to make a drop below the 8200 first. So we got here today, and now the...
I thought today's move was worth posting a new update. So here we go: So lets put things in perspective, without bulls getting to bullish and bears start to cry :) Like we had a half day ago, but the other way around. In other words, without getting to emotional because of these moves. First of all, yesterdays drop was just as bad as todays squeeze. There is a...
In the last updates i said that we have set the high for this correctional upwave around 8700 and a few hours and saying earlier today around 8750 that i we COULD have set the high for the day. Not because i am the King or the Master :) no, price was getting very close to the resistance of the bear flag so there was not much room left to go higher. Unless we would...
A few days ago i posted a nice Long trade on ETH, the targets were perfectly reached. So far that move seems to be a temp correction up inside this downtrend. In my previous analysis i posted a the levels to watch were around 715 and 740. We dropped below the 715 quite fast and it looks like it dropped below the rising trend line and it has only been testing it as...
NEO has been very strong in 2017 and even in 2018, but the past month it has been very weak. After that fake pump it made a few weeks ago, it has just been dropping even the the market kept pushing higher. Now it completed a bearish wedge/flag, suggesting it will continue to drop. It already fell out of it and it seems it made a succesful retracement already. I...
ETH looks to breaking out as well, volume is very low though, so it could fail and accelerate down if volume doesn't kick in around the breakout. This could be a good opportunity to buy it, but there is high risk! A stop around 650/660 would be wise
Surprising right, how this market turned to real crap while a week ago it looked unstoppable. I hope some of you have learned a lesson this time, don't trust all the noise you here around you. No matter who it is, they all have their own agenda's to say what they are saying. Since the move down was so weak, it just shows that this market is completely controlled...
So the market turned to bearish mode again, for the short term at least. Since i went short at 9970 i said we could have seen the/a top for now. During that high i said that i saw some signals that indicated a big chance that we were near a high. Wanted to build up a big short position up to 10.200, but price never got there so i did not get the chance to do so....
This time i will analyze my own AEX (Netherlands) index. It has formed a textbook rising wedge. Other exchanges are looking more bullish, and the AEX is everything but leading but sometimes it does indicate to where the market is heading. First target is around 550, could still see a false breakout on the upside first.
Bitcoin has been volatile again, makes things so much easier :) My followers know i shorted Bitcoin at a perfect price of 9970 and i am still holding this position. I think there is a very big chance we have seen the high for the short/med term. There is still a chance we go towards the 10.200/10.400 but those chances have decreased since this drop from the high....
I am going to keep this one story short, because i already told everything in my previous analysis, so for more information it's better to read that one as well. So far Bitcoin seems to be very weak, after each drops it made there were very weak bounces up which created bear flags that took the price even further down. This last drop to 9200 seems to be the same...
This analysis is about the bigger picture of Bitcoin. Since the 11.700 high in March, where i shorted Bitcoin i had set my targets around 7.500, 6K and 4K levels. While the market got too bearish around the 6.500/7.000 and i started to notice a big accumulation phase around those levels, i said we needed to go higher again to make people bullish again. During the...
ETH has made quite the rally lately and from the looks of it, seems it's ready for a correction downwards now. It has formed a rising wedge since that last rally to the 800 levels AND volume is dropping while forming it. So this makes it an ideal setup to go short here. The target of that big triangle that was formed between 600/700 has also been reached. With a...
ETC is also offering a good short opportunity again, it had a good rally in the beginning of April, but lately it has been slowing down and making one bearish wedge after the other. Good thing is, the last wedge it made it did not reach it's target which is a good sign. But since it has not been able to get above that long term resistance area around 22/24....
The Bitcoin has turned from the most exciting asset to the most boring lately. I still think but even more hope it's just a phase and this sideways/controlled movements will become history soon, because this is not Cryptoic :). Most moves that take more than a day nowadays, used to take an hour a few months ago. The extreme volatility we had a few months back, is...