FinanceFox

FinanceFox Updated 

Hey all! Haven't posted in ages so I thought why not post a chart again so here we are with ETH/BTC since that one is the most intriguing in my opinion. The recent move down has nearly gotten exponential and now we are at a point of a old support level that has been tested two times that triggered a heavy bull trend but the market in which ETH finds itself is...

FinanceFox Updated 

Hey all! BTC has been on a down trend for a couple of months now and we recently hit a low of 5.8K, what is next? To keep it short and simple: -> Conversion line break is the first bullish sign to watch -> 125EMA is the resistance / close -> Wave trend has bottomed multiple times now since the first time in the down trend since December, showing signs of...

FinanceFox Updated 

Hi all, Haven't done an LTC chart in ages since it has gone sideways for over 45 days and I trade trend, so naturally, sideways movement are my enemy. going to keep it short but sweet and sum up all the patterns to watch: Whenever the price moves up for within the sideways channel several things repeat themselves: -> move down with a triangle pattern. -> ...

FinanceFox Updated 

Hi all! EOS had a major bull run ( scroll down to see the 1D chart ) and it's showing bearish signs on the 4H and lower. Time to sneak in a short? it's too early to enter right now since it's showing early signs of downwards movement but it isn't there yet. I will keep it short but sweet: What is happening: -> Price is going below the conversion line (...

FinanceFox Updated 

Hey everyone BTC post So the 1K$ move in less than an hour was interesting, to say the least. now we are moving towards the resistance (dynamic ) we have seen during the 11.5K and 17K move. for the TA: -> Heavy cloud resistance so no long trading until that has been broken. -> BB is showing an uptrend opportunity but a retrace to the MA + bounce would be good...

FinanceFox Updated 

Hi all! ETH/BTC has been going up in a stellar move breaking 0.063 without even slowing down! The question that follows this move up is; Is this a bull run/uptrend and how much longer will it last? We are all hoping for the crypto markets to go for a bull run like we had last year but we aren't there yet. TA wise it's just a retrace during a downtrend but if...

FinanceFox Updated 

Hey all! So BTC had a stellar 1K move in less than an hour and now the entire cryptocurrency market is moving up! My worry is that we are still in a downtrend TA wise and in the chart its a move up, but not a reversal. BTC is nearing heavy resistance of the Ichimoku cloud and overall market valuation is relatively high so the moment of reversal is right now and...

FinanceFox Updated 

Hey all! Finally got some time to chart again and NEO is looking interesting. There are some clear patterns in the RSI to watch, NEO seems to react to divergences with solid reactions so far, noted that in the chart so keep an eye on that as you have the trade open. Overall everything is pointing towards an uptrend but I do believe NEO is overvalued FA wise so...

FinanceFox Updated 

Hello everyone! I haven't done one of these charts for crypto in a long time but its time to do one again. Now this chart is a trend following chart, so with that logic this will be the focus: - Identifying trends - Why a trend is a trend - When a trend forms - how a trend forms - as much data as possible - trend progression - killing noise The chart has been...

FinanceFox Updated 

Hello everyone, Update on BTC. we moved down killing the long term bull trend ( 1D chart, check my trading view ) now the trend is down for the time being so: Short positions is what its all about! I'd expect BTC to retest its resistance , when is difficult to say but I'd hope it happens before we go below 7.1K~6.85. still in a down trend even if we retest...

FinanceFox Updated 

Hi! I don't usually trade relatively volatile crypto but lets give it a shot for this one! lets start of with the following statement: THIS IS HIGHLY VOLATILE, USE A SMALL POSITION SIZE. just take a look at those numbers for the risk and reward. Those are big numbers, volume is weak and it can move rapidly. so to minimize risk use a adjusted position size, a...

FinanceFox Updated 

Hello everyone! After my ETH/BTC chart I thought a USD version would be a good follow up so here it is. Its basically the same as the ETH/BTC chart trend wise, down. the difference here being is that ETH is hitting hard supports compared to the ETH/BTC chart. Is this a indication for a reversal on the BTC chart or is it just the optimism getting corrected after...

FinanceFox Updated 

Welcome everyone, Been busy trading BTC and running the Edge Analysis Group but its time to post again so here it is; XLM's trend is down so shorts are more attractive now especially with BTC acting up, none the less the market is still in a full on bull market compared so the short will be short but sweet with a tight stop loss. Signals: - Cloud entry with some...

FinanceFox Updated 

Welcome everyone, BTC went for the 11.7K for the second time and got denied killing the Elliot Waves pattern from the chart before this one. The double top makes the pattern a potential bear flag but there is still bullish hope for BTC. The most important indication from BTC breaking down at the 11.7K attempt 2 was the enormous volume divergence. Watch the...

FinanceFox Updated 

Welcome everyone, ETH/BTC has been a very interesting chart to watch when we had seen ETH climb up wards but getting denied and falling at the time of writing. Now what I want to mention is that I simply see a pattern happening here and have highlighted important levels to watch when we are comparing the cycles we have seen in the chart, it won't be razor sharp...

FinanceFox Updated 

Hello everyone! So after hitting TP1 netting us a quick profit, VEN started getting denied by the resistance I charted out in the older VEN/BTC chart, VEN went downwards and broke the up trends support + ascending triangle pattern. it is overextending on its downwards move compared to the previous moves down indicating this could be: I) the bottom because...

FinanceFox Updated 

Welcome to everyone! ARN has been looking for a break out and it finally happend! Now there are 2 profitable scenarios that might happen in the future, which I will only trade based on the price action on that very moment since that can still have a enormous impact since this is a very speculative trade setup. Trade setup 1, we go in a uptrend and we find our...

FinanceFox Updated 

BTC/USD chart update. First and foremost I won't even consider to buy until we break 10.5-10.8K or even the 100 EMA. BTC has had the 100 EMA as resistance for almost the whole down trend, now this turned to support during our uptrend to the upper part of the down trends channel. Now the 100 EMA + price action has turned to a smaller falling wedge(1H) making...