Hi friends, I see that the excitement is building and the rumors are we are going to the moon again, but lets take a technical view at the market to see what is going on.
The possible formation of a bottom on the Bitcoin market is very real with a convincing inverted H&S.
However as analysts we have to look and find more confirmations of the reversal.
Hello friends, Bitcoin didn’t waste any time confirming my previous analysis. Prices pushed pass $8400 and quickly rose, however the price action was no good and we quickly retested $8400.
This does not come as a big surprise as we know the 1week candles still show massive bearish pressure on the market, as well as the confirmation of the longer term down trend...
Hello again friends, I am pleased to bring you my report after the last few days of carnage on the markets.
Even the most technical trader should always be mindful of the fundamentals and check with themselves if it has an effect on the market.
So as a rare treat here is a little fundamental breakdown, just my opinion.
The media manipulated fudstorm really gave...
Bitcoin Cash - BCHUSD
We can see that Bitcoin Cash has been struggling to regain its bullish momentum, however we find ourselves in a tight trading range between 1500 – 1700.
In this kind of scenario we would expect to see some action within the next few days.
Looking at BCHUSD, a breakout to the topside could take the prices up to the 2000 zone, where we would...
Monero XMRUSD is currently in a bearish trend against the dollar, however we can see very strong support below $300.
Even though the Monero markets have been very volatile over the last month, it is important to notice that the bulls are not shy to buy any xmr under $300.
It looks like a new base is being set between $280 – $300 and should the bears stay shy of...
Quick update on the BTCUSD market for the short term. Some analysts will have you guys waiting till you are old and grey at unrealistic SHORT TERM targets.
We can see a lot more positive fundamental news coming out this weekend and the chart is reflecting that confidence.
We can see that there is a nice channel building and the RSI is ticking higher confirming,...
IOTAUSD has been a bearish trend alongside most of the other majors like BTC and ETH.
We saw support kicking in at $1.94 and pushed us back into the $2 zone, however the bulls were met by the bears and we have been in battle since the 16th of Jan.
This triangle can be seen as a continue sign of the current bear trend and the bulls will have to bring a lot of...
Ethereum has been finding some good support since the selloff and has formed a symmetrical triangle, which most traders know is a continuation pattern.
However in this situation a break could happen to the topside or to the bottom. We will be patient while the market shows us our next move.
A break below $1000 will most likely result in more sellers stepping in...
We can see that the short term uptrend just broke and the sellers are stepping in.
Not much change for us from the last report.
Support still at $800 – $900 and resistance is at $1100.
It could be profitable for buyers to stack some buy orders down into the support zone and maybe even a few below.
Feel free to discuss this trade idea with us.
Taking a quick look at the XRPUSD market today
The Ripple market is looking weak, with the bulls also staying shy of the market, confirmed by the low trading volume.
We have 2 sell signals on the 1 hour chart and I would advise caution to most speculators that are long short term.
The first sell signal is the cross of the 20 MA and 50 MA, which is followed by...
Quick update on the BTCUSD markets for the short term.
We can see that the market is clearly hitting against the ceiling at around 11600 – 12000.
With the Bulls staying shy of the market we can see that the demand is dwindling and the CCI might switch over to Bear mode soon.
On the short term I would advise caution to those speculating on the Bitcoin markets....
Quick short term update on the CME BTC1! (Futures) market.
We can see a magnificent cup and handle being painted, except it is upside down, also deadly is the h&s hidden within this cup. This gives us a high probability that the market will turn south should the market continue on this volume.
Support for Bitcoin is still at $9k to $10k on the shorter term and...
Lets take a look at the neo markets on 1 day candles to get an idea of what is happening.
In my opinion NEOUSD is undergoing a very healthy correction, however it is important to note that we are currently in bearish trend, not really surprising considering the markets at the moment.
We can see that NEOUSD found strong support around $100 where prices were...
Ethereum has failed us at $1000 and has consolidate below after rejecting the 20 MA on the 4hr chart.
We now have a lot of bearish signals from both candlestick patterns as well as the indicators.
As we mentioned last week Ethereum was correcting but still bullish above $1000, not that support has failed and we will look towards lower prices to jump into the...
Possible plays on the BTCUSD markets today.
We just broke out of our short term uptrend on BTCUSD and I opened a short at 12k. (Golden Line Broke)
Planning to add to my positions should supports (Purple and Red) fail.
Red line should be a nice little bump n run setup. Support at 11 500.
Purple line is the critical support again at 10 900 today.
Feel free to...
After the dip in the BTC USD market last week we can see quite a nice little bull run developing in the market.
We could be facing a breakout or another selloff on the market here.
A lot of new traders might get the urge to fomo into the market here, but lets have a closer look.
Short term speaking the momentum is clearly with the bulls however we are hitting...
XEM has been in a clear down trend since the high at $2 and we are still getting rejected by the MA, keeping me bearish at this stage.
We have good buying pressure from 0.80c and I would expect strong support at 0.90c.
Buyers looking to speculate on the market longer term could do well to stack some orders inbetween 0.70c and $1.
Current resistance is between...