cheynos

cheynos

Hello everyone I think there are 3 possible scenarios for Ethereum in the near future. Possibility 1 So Ethereum has had a very nice uptrend today. The first option is that the lowest point is reached and that we are now going up, to the resistance levels. We can see that in the past, everytime many buyers came in after a huge sell-off, that we were going in...

cheynos

Hello everyone I'm back with some more technical analysis. Remember that this isn't an exact science, hope you guys think it's helpful, let's get straight into this. Is there ever a safe moment to invest in Crypto? Not really but if you want a 'stable' coin in your portfolio, BTC it is. BTC is the most stable coin at this moment. The BTC-dominance is going up...

cheynos

Hello everyone Today we're back with the technical analysis and some interesting patterns. let's get straight into this. After 3 days in a stable market, we can all calm down again. In the past, there has NEVER been a correction, then 3 days of stabilization followed by a big correction again. If we look to the Bollinger bands , we can be optimistic, BTC-...

cheynos

Hello everyone Something else today, I was looking at this chart for patterns, similar things in the past, bear flags and so on. Despite the fact that I believe that technical analysis is very important in today’s crypto-market, I’m convinced that no one can really predict such a downfall or an really big uptrend in this market because the volume is so volatile....

cheynos

hello everyone Today an update on this price correction from the last few hours. We've come down to 7.8K. I don't see any problems in this small correction. The only possible threat I see is that there is no big supportline between 7.7K and 6.8K. On the other hand, if we look down to the volume, we can see that there isn't a massive sell-off going on. The...

cheynos

hello everyone Something different today, normally I only write about BTC but because of the fact that the chart of BTC and LTC are so similar at the moment, I took the opportunity to give my POV on LTC aswell. So I'm going to say the same thing as I said yesterday in the BTC-chart. First of all, I'm not negative in the future of both, but i'm convinced that we...

cheynos

Hello everyone! In my point of view is BTC facing 3 possible scenarios in the near future, let's get straight into this. possibility 1 This is the most optimistic option. I'm convinced that if BTC price-range becomes more stable, between ( 8K and 8.9K) for a couple of weeks, that everyone becomes more confident and that we can have a big bull run as...

cheynos

hello everyone No big updates today, just my opinion on the current situation. If we take the 4H chart we see that BTC is undergoing a correction, which is a little disappointing because I was expecting a rally at the start of the NYC cryptoconference. So at this moment, I think patience is key because BTC is at the moment in a clear downtrend. I have an buy...

cheynos

Hello everyone I want to keep it simple today. Despite the fact that there is a clear bear flag in this graph (see previous blog), I'm very optimistic for BTC. I think that the price of BTC has to stabilize for a few days or weeks. So everyone can become neutral and confident with the price-actions. Now everyone is bearish and bullish for all kinds of reasons. We...

cheynos

Hello everyone A lot of great fundamental news in today's headlines, unfortunalty I can't say the same about the technical analysis, let's get straight into this. fundamental There were a lot of rumours going around of investors and analysist, who are claiming that ethereum futures are around the corner. Ethereum had had a very good couple of days last week...

cheynos

hello everyone! After 3 positive days in a row, the bulls are back! I want to talk about BTC and why I'm so optimistic for the near future. Let's get straight into this. boilinger bands The boilinger bands are telling us amazing news today, were history can really repeats itself ones again! if you look to the graph you can see that we are now nearing the...

cheynos

Hello everyone So after the news of 'mt gox' and the investigation on Upbit, the cryptocurrency market has had a big correction again. Hopefully this investigation on Upbit won't be bad news for the market as we've seen that the market is very scared of bad news included crypto exchanges. (incident Binance with API) As expected the btc-dominance went back up...

cheynos

hello guys Today I want to share some remarkable facts with everyone. there are a few indicators were I'm going to talk about: bitcoindominance So bitcoins dominance is going down and down for more than a month now. it had a correction from 45% to 36,4%. its quite remarkable because not only bitcoin but 7 of the other top 9 crypto's are going down as well....