mhfcrypto

mhfcrypto Updated 

This is a follow up to my Analysis titled 'BTC : Bearish Divergence ? Something to watch anyway" (see below for link if interested). I still can't figure out how to include chart screenshots in my 'Idea Updates', so if anyone can help, please contact me! :-) Anyhow, the Bulls are respecting the Rising Wedge to the letter. I doubt they can hold out much...

mhfcrypto Updated 

Something to consider....seems to be occurring on many Alt Coins' Charts as well. I closed my Short position last night after the pump, only really paying Brokerage Fees. Will consider opening again if we fail a break through of $7780 (if we get the high). Will be interesting to see which way BTC goes over next 24 hours I'm cheering for the Bulls, but I'm...

mhfcrypto Updated 

Who feels like they have seen this Pattern far too much recently? I do. Unless we get a solid short-term move above $7600 with Volume and close a green 4HR Candle at $7600 or above, I'll seriously consider a POTENTIAL turn-around. Until then, I remain Bearish. ANOTHER Rising Wedge...probability we'll break to the downside again in the next 5-12 hours is huge. I...

mhfcrypto Updated 

Presently, I really DON'T think this is a probability, but everything in Crypto is a POSSIBILITY which, as Traders, we must consider all: We have a Head & Shoulders Pattern forming, and a Bear-Flag already formed. Virtually all time-frames have a Bearish MACD (surprisingly). TRX has been holding up incredibly well against BTC these past few days, but are we...

mhfcrypto Updated 

Lack of Bull Volume is making the validity of this Rising Wedge all the more interesting. We'll need to confirm above $7650 to invalidate this Rising Wedge. Let's see what happens soon...more downside ? Stay sharp :-)

mhfcrypto Updated 

I think we were all hoping that $7800 was the short-term floor yesterday, but then Bears showed up again in numbers. $7650 is now proving so be some resistance; but we need to get back over $7900 in the short-term, otherwise, I think Bulls will lose confidence some more. We can't ignore the Bear-Flag forming on the Chart either :-( I won't be doing much trading...

mhfcrypto

Maybe prices have bottomed for the SHORT-TERM. Potentially a bounce to $9000 in-coming soon.

mhfcrypto

Could be Bearish...slight retracement could be incoming

mhfcrypto Updated 

One could make an argument that EOS (4HR) has formed a Bullish 'Adam & Eve' Pattern. After the recent little Bear-run in Crypto, this pattern could be valid. Looks like it's getting ready to close around $14, which would likely validate this Pattern. Based on a 35% Price Increase from there, we could expect $19 over the next 4 or 5 days. With MainNet launch...

mhfcrypto Updated 

Don't fall for the little Bull-Trap the Market is offering you right now. We're just in another Bear Flag / Pennant. Unless we make a short-term strong Bull move to circa $8350 very soon, I'm expecting more downside to $7800 over the next 12-24 hours.... then we'll re-assess things. Good luck out there :-)

mhfcrypto

Chart self-explanatory

mhfcrypto

We could see a little bounce over the next few hours, but IMHO, I think we MIGHT be heading to circa $8000 or over-perform to the downside and hit $7900, and then we need solid Bull Volume to come in. IMO, we don't want to go below $7700, that could mean we re-test $6000. Not Financial Advice. Good Luck out there :-)

mhfcrypto Updated 

Hi guys, I'd be super keen to hear your thoughts on where you think ETHUSD is heading over the next few days? I've seen some people say $600...I'm not that Bearish, but I'm keen to hear your thoughts. Many thanks! Cheers, mhfcrypto

mhfcrypto

Reddit CTO today announces LTC payments are coming...Charlie Lee re-Tweets it. Could be a shot-in-the-arm that LTC needs to get over this short-term resistance?? Hmmm.... I'd say Abra announcement re LTC will be coming within a week, too. twitter.com

mhfcrypto

These strong Bulls moves seem to be losing steam on the Daily. Bull Volume is declining somewhat. We could be in for a pull back in the days ahead. Target Price uncertain right now....

mhfcrypto Updated 

Price target around $140-$142. MACD on 15m, 30, 1HR, 2HR (possibly soon), are all Bearish for the short-term. I'll start scaling in a $142. With a short-term (1 - 3 days) price target of $160. Please note: I intentionally used the word 'potential' in the title; not 'probable' or 'definite'. Please don't misconstrue. Good luck! :-)

mhfcrypto

Whales are trolling Traders...massive Market Buy and Market Sell orders all happening out of nowhere within 5-15min time-frames (with kinda weak Bull follow-through). Shorter-Term TA is tough right now, IMHO. For instance, strong Bear signals and patterns are getting turned-upside just as that Bear pattern is about to complete. I think Whales are intentionally,...

mhfcrypto Updated 

BTC H&S virtually fully formed (4HR)...see you down south