Hi friends! I hope you're all doing well. Looking at the four hour chart for Stellar, we can see that after breaking support, at the top of the ascending broadening wedge (blue dashes,) XLM has dropped into a bear flag of some sort. Red volume has spiked on the chart, and sell-side momentum continues to increase on the MACD. More downside is likely, and and a...
Price action isn't looking too strong in LTC at the moment. On the four hour chart, it has failed to break above the 50 EMA (in orange,) five times in a row. Also, it appears to be forming a bear flag. If the bulls cant get this thing back above the 50 EMA, and above the bear flag, LTC is going to drop like a rock. Below the bear flag, the first downside target...
Bitcoin is breaking some key support levles, which could produce a wave of selling. On the four hour chart, BTC has lost the 200 EMA (in purple) and it is currently trading below rising support, as well as the 38.2% retracement level. Sell-side momentum is also increasing on the MACD, making further downside more likely. It is possible that BTC could fall all the...
Stellar has broken support, on the top trendline of the ascending broadening wedge (blue dashes.) As I mentioned in my last post, this was likely to happen, because XLM was testing it for too long. Look for further downside, with initial support at the 50% retracement level ($0.51.) It just became very possible, that we could see Stellar fall to the 61.8%...
What's going on with STELLAR!? Let's take a look. As we can see here on the four hour chart, stellar was trading inside of a pattern known as an ascending broadening wedge (blue dashed trendlines.) On January 2nd, XLR broke out of the wedge, and went parabolic until it made an all time high on the 4th. Since then, we can see that Stellar has been in a downtrend,...
Hi friends! Looking at the four hour chart for the SPY (S&P 500 ETF,) we can see that the bulls are on fire! The S&P has been in a beautiful uptrend channel, and price action has just broken out to the upside. Also, momentum on the MACD is expanding to the upside, confirming the strength of the current move. The SPY is in uncharted territory at the moment, so...
Hi friends! I hope you are all doing well. Looking at the four hour chart for Ripple, we can see that XRP remains in a downtrend channel. During yesterday's selloff, the buyers saw value, and stepped in to push the market higher, forming a large (Hammer Candlestick) on the chart. We can see a (Volume Spike) under the hammer candle, which confirms that panic...
Hi friends! I hope you are all doing well. Looking at the four hour chart for Bitcoin, we can see that the proposed inverse head and shoulders pattern is filling in nicely. Price action is currently testing the 200 EMA (in purple,) as selling pressure continues to dominate the crypto markets. Taking a closer look at yesterdays selloff, we can see that a hammer...
Hi friends! I hope you are all doing well. Looking at the four hour chart for Litecoin, we can see that there has been a continuation in selling pressure, as the bulls have failed to regain the 50 EMA (in orange.) After yesterday's selloff, which sent Litecoin all the way down to the 200 EMA (in purple,) prices rose to test the bottom of the 50 EMA, which acted as...
Litecoin has taken a dramatic fall, along with many other assets in the crypto space. To illustrate the power of accurate technical analysis, and how it can make you enormous sums of money, I've highlighted where I posted my first warning about Litecoin, and how far LTC actually fell. The charts usually tell us everything we need to know. The question is, can you...
Six hours ago, when Ripple was trading at $2.37, I posted this: "This is a red flag warning for XRP. On the MACD , we can see that sell side momentum is increasing, making further downside likely. Support lies at the 38.2% retrace, right around $2.13." What happened since then? Ripple fell as low as $1.90, piercing straight through my downside projection of...
Hi friends! I hope you are all doing well today. =D Lets take a look at Ripple, shall we? WOW, how things can change overnight. Looking at the four hour chart, we can see that it has broken down from the rising parallel channel, it has broken the "Previous high," and is now trading below the 50 EMA (in orange.) This is a red flag warning for XRP. On the MACD, we...
Hi friends! I hope you are all doing well today. =D Lets take a look at Stellar, shall we? As we can see on the chart, stellar has pushed into the accumulation zone (green box) and is now breaking below the 50 EMA (in orange.) On 1/5/18, I added the accumulation zone to the chart, to highlight the long lower wicks of the chart candles. They're indicative of...
Hi friends! I hope you are all doing well. =D Lets take a look at Litecoin, shall we? At the moment, litecoin is breaking two support levels — the 50 EMA (in orange) and the breakout level of the inverse head and shoulders pattern (pink dashed trendline.) We can see that sell-side momentum is increasing on the MACD, indicating expanding downward pressure. If LTC...
Hi friends! I hope you are all doing well. =D Lets take a look at Bitcoin, shall we? In my last post on the BTC market, we noted that price action had been rejected at the fourth test (4) of the rising pink trendline. After analyzing the BTC chart structure, I proposed the possibility of a developing inverse head and shoulders pattern (shown in green.) As you...
Is Bitcoin forming a mega bullish, ginormously enormous, inverse head and shoulders pattern? It very well could be. I've highlighted (in green) the possible path that Bitcoin could take. If this is an inverse head and shoulders pattern that is forming, we would expect to see the right shoulder (?) filled, before a powerful move higher. Ultimately, it appears as...
Just a couple of hours ago, I told you that Litecoin could fall to the 50 EMA, where it should find support. That has happened exactly, as you can see on the chart. Technically, this is a positive thing to see, because it shows that we're confirming old resistance (pink dashes) as new support. The pink dashed support level, and the 50 EMA, are now very important...
Hi friends! This is a repeat publishing from yesterday. The original has been deleted, but the analysis still applies. In technical analysis , repetitive patterns are arguably the most valuable indicators of all. Lets take a look at a repetitive pattern, that I stumbled upon while reviewing the Ripple chart. As you can see, XRP has been trading in a rising...