wakethesheep

wakethesheep

CAD strength is incoming and big shorts are on the table for CHF. i see this breaking out of its pennant to the upside and reaching the big supply region

wakethesheep

EU currently at a rest, we have see a 70 pip pull back. Next drop should be to our demand zone @ 1.115, pullback to 1.1280 and then a further decline into our stronger demand zone located @ 1.0870. long term shorts can be taken now and held for the entire duration. On top of the trade set-up, EU provides a profitable spread for holding shorts.

wakethesheep

big selling of GBP from non-commercial institutions in comparison to AUD. currently in a bear trend. Demand waiting at 1.67, maybe some big news event can help shift the trend (Brexit) and see a rally to the supply region in first half of 2019

wakethesheep

GBPAUD broke through support on our boxed zone, pulled back to the 0.382 fib and is ready to continue downwards to our first support around 1.7580

wakethesheep

Here we have 3 signs of strong and critical support. Price Action is currently sitting at a strong daily support, as well as the support of a now confirmed long term trendline, and as well, rejection and consolidation off of the 200 EMA. with all moving averages tightening together, bearish exhaustion, and extremely low volume, something big is coming and its...

wakethesheep

Here we can see an upside down H&S. Bearish cycle is done and we should be able to see gains that far exceed that of bitcoin. this trade is invalid if price action dips below 0.00011700

wakethesheep

XRP to $5.3 in 24-72 hours. in this chart we see XrpBtc has touched and rejected the daily/4 Hour uptrend line, this is a good bullish sign. we have retraced above our heavy support, and have broken through our 1 hour counter trend line. Price looks like it may even be forming a triangle, so hopefully with a bullish breakout, we can see new highs !

wakethesheep

Here we have a daily chart setup. Very basic TA but a very clear picture. we have a clear downtrend line, with price currently riding against it. we have support around 0.0016000. Price will continue to squeeze until we see a big break. We can also see that there is currently a solid amount of volume which is going to be needed for this mega break.

wakethesheep Updated 

in this chart, we can clearly see that bitcoin is still following the downtrend line and is still seeing bearish momentum. Why is this? well we usually see a sell off during december, but bitcoin has been greatly pumped and over extended and needed a massive correction. This is what we are currently enduring, but for how much longer? people are throwing around...

wakethesheep

AS we have seen in the last few days, ripple has knocked ETH out of 2nd place for market cap and is taking the market by storm. This however is no P & D. This is a project that has a team making the right connections at the right times. 2018 will be a big year for ripple. In this chart we can see a current retracement currently sitting at 0.5 fib level. we have...

wakethesheep

NXT has seen a massive dump clearly due to IGNIS. We want to wait for this dump to come to an end before we enter long. Patience is the key here. Our big levels of S & R are going to be $0.50 and $0.70 with our 0.786 Fib level resting at $0.56. IMO you should be looking to enter long positions at $0.60. have your stop losses set to $0.48 because if that is broken,...

wakethesheep

Iota is currently Ranging within an ascending channel. IMO i see IOTA pulling back one last time to our strong support level and then rallying from there. There is a fair chance that no pull back occurs so i suggest no shorting, but instead wait for the bottom and enter long. As well for the long term investor, we see a wick that has touched our breakout point...

wakethesheep Updated 

So we have had a huge Market correction. BTC and Alts correcting from 30-70%. price has been steady at the support around $240. a single wick closed the gap from the initial bull run indicating that price will not be declining to that level again but instead, preparing for a further rally. at the current support, we can also find the 50% FIB level which just...

wakethesheep Updated 

here we have a textbook bullish pennant right after having an enormous bull run. Price is currently staying on the upper side of pennant and moving away from our S1 at 308. Look to buy here with our first target for TP to be just below R2. And for those who are more conservative, look to keep some holdings and ride out the rally up to R3 just above $500