silmaril0875

silmaril0875

Seems BTC has so much pressure to let out after that amazing pump. FOMO was at the main driver for all of this and now we might see FOMO going down. This candle needs to close under the support line for this to be confirmed. Let's see where we find support...

silmaril0875

Seems we done with this first leg up and ready for a recharge. Lets see if we can bounce of this level, if not, $1200 incoming!

silmaril0875

Seems BTC is on a H&S and bearish channel and if the H&S goes, so will the channel, which means we'll see 2950 in no time!

silmaril0875

So, with all the bullish messages on TV, I always say, you see a trend change on the macro view, the micro view will follow. With this latest "bull run" we see we have no bull run as we still adhering to the down trend and until we break this trend, we still going lower.

silmaril0875

The one thing about BTC, is that it's moves is somewhat predictable. The latest excitement about this last move is somewhat the same. With people going long and getting rekt. BTC is in another bear flag and has a 80% possibility of breaking down from here, so lets see.

silmaril0875 Updated 

It seems I see two bearish patterns here. First is the ascending pattern that shows we going down in the short term, but then we have a larger H&S which I hope holds before it breaks the neg line. Let's see where this goes.

silmaril0875 Updated 

Ok, large triangles are normally a sign of the last down leg before going up. Let see what BTC does here.

silmaril0875 Updated 

Diamonds are very hard to trade but BTCUSD could be forming a diamond which could signal reversal. Let's see as we very close to either a breakout or breakdown.

silmaril0875 Updated 

Seems ETH is not looking great once again, and if this triangle plays out like triangles normally do, we might be down to $100 very soon.

silmaril0875

I was so hoping for ETH to go sub $160, but you don't always get what you want. We have broken out of the descending triangle and we going up and 2 targets are in scope here. If we lucky, we'll see $380 before we go down to test the $200's for support.

silmaril0875

With all the bullish chatter on twitter and TV, I must say, we've just hit the first trendline and have not even touched the major support line. It seems the crypto market is driven more by emotion than anything else as the fundamentals is still neutral if you look at the facts. Funny how people zoom into the micro views of BTC and get all excited but if you zoom...

silmaril0875

It seems the previous trend that were challenged a couple of months ago is no longer in play. A secondary trend is now in play but lower and with 4 tests it fails to break. To me it seems BTC is running out of steam at these prices and seems to be mostly driven by bots and impulsive transactions that has no legs. We currently heading to the tip of the triangle...

silmaril0875

If the past can be used to project what could happen in the future, we might need to go down to the $3K.

silmaril0875

Seems we repeating the previous cycle.

silmaril0875

A long time ago someone told me that if you want to know that is going to happen, you should follow the money. When we look at BITFINEX:ETHUSD is clear we seeing a massive increase of volume with almost no movement in price, point to something is about to happen with that coin. We either going down or up but with such a massive drop in price and this level of...

silmaril0875

Let see if XRP conforms to this pattern.

silmaril0875 Updated 

It seems XRPUSD might be forming a C&H. Let's see where it goes.

silmaril0875 Updated 

BTC not done yet!