Good Afternoon traders,
First of all, we hope you have been enjoying your weekend so far. As we are currently in a very decisive trading zone in bitcoin, we thought a daily time frame update will be good.
We wouldn’t deny that bitcoin is still in an intact uptrend. However, the market already reached our statistical target of 7860.48 and from this level, the...
Hope you are doing good.
Here is a 4 hour LTC/USD update. We are awaiting litecoin to make the next move to the upside. Target AT THE MOMENT would be $68.00.
But keep in mind that the market needs to stay above the last low of $52.65. for next move to the upside. Other than that, litecoin still remains bullish.
Hope that helps.
Bitcoin remains supported. As long as bitcoin stays in that trendline, it will ultimately break the highs at $4992.59 and rallies to the weekly extension extreme at around $5068.85 where it can produce a 4 hour pullback. We like the idea of calling bitcoin higher, but for confirmation, it should break the highs. BTW we were bullish already a month...
In this analysis, we want to take a look at the 1-hour chart of LTC/USD (Bittrex)
Currently, LTC/USD is in a range between 44.072 and 57.220. But the difference here is that it took the last A high at 57.220 which is suggesting more upside in mid-term. Ideally, it goes to the yellow box where it should end the ab correction, for the next move to...
The bitcoin chart is in our opinion supported, as long as the market stays above $2945.52, bitcoin should make new highs again. We are calling the daily correction completed. In the more shorter time frame it should produce a pullback to around the 50% retracement and than higher again.
This forecast will be canceled when the market breaks the low...
As you guys liked the previous educational part so much we decided to continue with that topic.
In picture 1, you can see the interdependence between fear and greed! These characteristics harm us to make good trading decisions and stay calm!
This fact is purely based on behaviour finance! This matter of fact is not only within the trader, it...
In this article, we want to talk about some educational stuff because we see so many people losing in trading.
How many months or even years are you in trading? 2 months? 6 months? Or even a year or more? Most of you out there who read this article might try to find out why they make the one-day profits and the other day lose it all again. We did...
ETH/USD in the daily chart at very interesting levels. As long as ETH/USD stays above $201.09 it will move higher. We already said on the 6th of September that it will go lower and it went lower. But now we are calling ETH/USD correction for NOW over as long as it stays above $201.09 it should make new highs.
Hope that helps and trade with...
As the recent developments in bitcoin have been pretty unclear, we wanted to change our current short term bias AGAIN.
WE did this new post again on bitcoin because of some significant changes in our intermarket trading system in the latest trading hours.
We recognized something significant to say, that we need to adjust our view. We are NOW ...
As already several times mentioned, Bitcoin is in an daily/weekly correction, and the current pullback is not any surprise for us. BUT the daily move to the downside is for my taste a little too strong but this doesnt change the view.
We are now expecting Bitcoin to go to around $2600, from there we expect a pullback and again making one more leg...
As expected earlier this month, Ethereum is making its way to the downside. We are expecting ETHEREUM to go to around 233 before a bigger pullback to the upside can occur.
So everything as expected. We told you guys that Ethereum will make a bigger...
As you know, we were expecting a bigger drop in bitcoin and it seems like that it has yet confirmed it. We advised already to be careful with new long positions in bitcoin. But we also said we dont recommend to sell bitcoin.
Now, with the recent drop, it has confirmed that it will go lower now and we think the daily correction IS NOT OVER YET ....
As we also published a bitcoin daily chart, we wanted to share also the ethereum daily chart. We expected ethereum to reach the $396.24. Now, we are expecting a bigger correction as long as it stays below 396.24 (Invalidation level). When it breaks 396.24 we need to readjust our view!
We won’t be surprised when ethereum corrects to the 50%...
We expected Bitcoin to reach the $5000. Now, we are expecting a bigger correction in Bitcoin as long as it stays below 4990.58 (Invalidation level). When it breaks 4990.58 we need to readjust our view!
We won’t be surprised when Bitcoin corrects to the 38.2% Fibonacci retracement which comes at around $3200. Our Intermarket analysis is indicating...
We want to buy DASH/USD at around 347.150 with a stop loss below 311.1372 and an initial target of 442.360. The market has a bullish trend so we want to buy into a continuation pattern.
As always never risk more than 1% on each trade.
Hope that helps
DASH/USD broke again to new highs and we still like the idea of pushing it higher. If the market can pullback to around the 50% Fibonacci we like the buying but the market needs to stay below 320.918 to buy any pullbacks, so if the market stays below 320.918 and goes to around the 50R we like the buy. We keep you updated on it.
First of all, we wish you a happy weekend.
As Bitcoin never sleeps, we have a short term buy opportunity in it.
The trend still remains strongly bullish until $5000. Therefore, we want to buy it as a short term trade at around 3876.83 with a stop below 3490 and an initial target of 4900. We dont like the short we only like longs!!
Lets see whether...
We hope everybody is doing fine. In this short outlook, we have for you the XRP/USD.
Now, as long as Ripple stays above 0.12657 the market can make a push to the 0.20 zone. So from here it can either go and retest the 0.140 zone and rally or it already started its rally and will not go to 0.14. Either way, as long as the market stays above 0.12657 it...