Over the past couple weeks, we have seen overall sentiment of the market gradually switch to bear.
Though this may hold true, I though I would share this bullish fractal pattern and possible trading opportunity.
The chart above shows Bitcoin currently sitting just above a long term pitchfork support. This is the second time testing this pitchfork support which...
After roughly 30% down, Bitcoin has formed a multi-day disjointed angle and a rough formation of an Inverse head and shoulders pattern. Thus creating excellent trading opportunity for those sitting on the sidelines.
I apologize for the delay, at the time of this publication BTC was Testing Entry 1 displayed above.
We may get lucky enough to test again, or...
While Bitcoin continues to rise and reclaim market dominance, nearly all altcoins have failed to keep up with the pace. This has resulted in nearly all BTC alt pairs to plummet into the abyss with little or no sign of support.
While searching for BTC alt support, and since this market likes to move together, it makes sense for Bitcoin Domiance data to play as an...
With Bitcoin dominance continuing to rise, XRPBTC is rapidly approaching a multi-year trendline.
There is no guarantee that this trend line will hold, however, a touch on this trendline should provide a decent bounce and an excellent scalp opportunity for those of us not short.
Entry: I was lucky enough to grap a 2865 entry on Mex, however my larger orders are...
This analysis above entirely based on time based fib extensions and trend based extensions.
Time based and trend based extensions use historical data to plot Fibonacci Levels rather than traditional Fibonacci levels which are just percent levels between two points. Both are extremely useful however I have found trend based levels to be more helpful in a trending...
After months of nothing but upward movement and sideways consolidation, BTC has once again found itself nearing either another major breakout or continued consolidation.
The chart above attempts to display two possible fractal scenarios from the May consolidation period. These are separated by green and red colors. Both of which are bullish, just one sooner than...
For the last several days BTC has been grinding on the support line that has been generated by a pitchfork that connects the 2017 highs to the 2018 lows.
This pitchfork was generated in the same manner as the one from the start of the 2015 bull run which precisely predicted the top. Then in turn was used to accurately calculate the bottom of $3300. chart will be...
Line charts not only provide a cleaner version of what your are trading, but a different perspective.
The chart above displays my take on ETHUSD using the 1 hour line chart which is one of my favorites.
While comparing this to the candlestick chart, you will see that this provides a much cleaner and maybe even clearer analysis of what the market is doing.
This chart is being posted for both educational and technical reasons!
On shorter time frames, Bitcoin has created a perfect bearish shark setup.
My Stop/Loss and all profit points are shown on the chart above.
The ideal setup:
TP 1: $7700
TP 2: $7450
Final Target: $7135
After months of few clear signals, EOS has finally provided us with a beautiful Inverse Head and Shoulders set-up on EOSUSD which has taken near 6 months to complete!
EOSUSD just recently broke the neckline of this inverse head and shoulders, therefore I have gone ahead and entered a spot trade with the details below.
Target 1: 9.67
ADA has been crazy the last couple months! Back in March it completed an absolutely beautiful inverse head and shoulders that took months to form. That bottom pattern then launched us over 40% up on the BTC pair and even more on the USD.
Since that recent top of about 1900 sats, Bitcoin has completely stolen the show, causing ADABTC to plummet over 50% without...
Corrections are needed for more upward movement :)
Bitcoin is currently grinding the top of the channel which has taken weeks to form.
One would think that gravity should pull us down, however the news articles, forms and chatroom's seem to be full of people believing that this is a new bull era.. (which it could be)
Looking at the TA:
Bitcoin is currently...
Corrections are needed for more upward movement :)
The last several weeks Bitcoin has seen amazing price action while Ethereum has been lagging behind.
Finally Ethereum is making moves! Just not in the direction many hoped..
Over the last 24 hours, Ethereum has been knocking out support trendlines one by one. Creating nearly an 8% drop from its local high of...
The Bad News:
Despite a majority of all other cryptocurrencies going up 2-10x the last couple months, XRP has seen minimal gains USD side. On the BTC side, ripple has gotten completely destroyed. Smashing yearly log support lines and sending XRPBTC in what seems a never ending bear cycle.
The Good News:
Looking at nearly every previous bull run, XRP has almost...
Market action the last couple weeks has been crazy! Many of us have been able to make huge gains on our accounts in such short periods of time due to this volatility! However we much remember not to FOMO but to act rationally to maintain our earnings.
That being said, many of those who follow me know that I have been bullish on Ethereum and other coins such as...
After months of ranging, XMR has finally broken north out of the pennant that was formed on the daily time frame.
All it has left to do now is to break the current resistance level to remove the possibility of a double top. As long as this level is broken we should have no issue reaching T1
However, based on the size of the pennant, I have marked additional...
After a month of ENJ going nearly 10x from its bottom in late February, it has had the chance to consolidate to the 50% fib retracement zone. Which in doing so, it has created drastic similarities to the consolidation wave after its first leg up.
Therefore it seems it could be repeating the same pattern once again, only this time on a larger scale.