Dear Friends. Ethereum is currently doing better than Bitcoin. To the top, Ethereum can recover 100% versus Bitcoin 80%. Bitcoin dominance is decreasing and that is good for the ALTS. Rather, it means that the danger has passed (for the moment). You can see the 6 hour chart here and Ethereum has broken out of a bullish falling wedge to the upside. Target for...
Dear Friends, In this scenario which has been posted before by me a few new things that stand out. By the way, I am posting a new version so that you can follow the price on the chart by pressing the right arrow and get new data. Unfortunately that is not possible in screenshots. First, the death cross. The intersection of the 50 and 200 MA. Is this bearish or...
Bitcoin to the bottom or up towards USD 42-50000? Dear friends, Here is a new scenario what could possibly happen if Bitcoin can hold the 0.618 Level. Does Bitcoin fall through this then this scenario will expire and we will see 30-31000 USD soon! So if this 0.618 bottom holds then we could rebound to the neckline of this newly forming inverted head shoulder...
Dear Friends Here is an analysis of Bitcoin in a slightly longer term. More zoomed out to avoid the intraday noise on a 4 hour chart. The main thing we see here is the inverted head shoulder formation formed at about a month. The longer the period the more reliable the pattern. Also very important is that we see a pattern of higher tops and higher bottoms. This...
Dear friends, Here you see the 4 hour chart of Bitcoin. Bitcoin is forming a bearish rising wedge. In this rising wedge we see the yellow rectangle / range where the price is moving between at this moment. Also note the 50/ 200 MA with projection lines when the cross is completed. What to watch for now? On a breakout below the yellow rectangle we first see the...
Dear friends! Here we see my second favorite coin Ethereum. My first is Bitcoin and it will remain so because it is the leader of the entire crypto market. The puzzle pieces have to fit together to make a plan. That is what I am trying to do here, to make it logical and according what the charts is showing. Currently we have broken through the neckline of orange...
Dear Friends, This post belongs with my previous post of Ethereum. I am posting a new one so you can follow the price trend instead of a screenshot in the update. We are in a perfect downward trend channel and approaching the bottom of the falling wedge that might be broken if the market were to go into a crash. All support and resistance in the chart. If the...
Dear friends! I have made a new analysis of Bitcoin. The situation is a little more complicated than it seems. BTC moves in an upward trend channel and then the trend at this timeframe is up. This is because we make bottoms that are higher every time as well as tops which are higher. Twice whales or big funds have intervened to support the price. So these were...
Dear traders, Bitcoin seems to have sunk through the floor but is it really? I wanted to check that out and to do so I checked 10 years of Bitcoin history. What turns out, the Rsi of 32.39 has only been lower 4 times before in 10 years. It was Oct.2014, Jan 2015, Npv 2018 and March 2020. That means we are extremely oversold on Bitcoin at the moment. Together...
Hello dear friends, I have created a new analysis of Ethereum here on the 90 minute chart. Everything can be seen in the chart like stop and targets. I do expect a first drop to point E and then exit the triangle at the top. Stop 2518 Final target 3200 resistance / support: 2750, 2803, 2882, 2981, 3066, 3200 Wait always for confirmation with price action to go...
Dear traders, here is a new analysis for Ethereum. Ethereum has fallen out of the rising triangle and that means a possible further decline. There are several patterns that point to that decline. We see a Diamond that has broken out. Ethereum is also forming a head shoulder formation with now the right shoulder in the making. If Ethereum stays above the orange...
Dear traders, Here is a scenario for Bitcoin. It is an idea how it could go and I also do not expect this Bull marker is finished yet. Right now traders are getting shaken out of the tree with leverage and positions that are too high. Traders who got in too high and are still sitting with positions. Traders who did not use stops for example and are now forced to...
Hello traders, Here is my latest analysis of Ethereum and this is the 4 hour chart. Ww see a rising triangle and also 2 inverted head shoulder formations with the red necklines on the chart. The rising wedge will likely but not certainly cause a smaller or larger pullback but that also gives a better buying opportunity! Volume is not high at the moment,...
Hello traders, An important warning. Bearish rising wedges can be seen in the chart of Ethereum and Bitcoin and the danger still exists for a test to the bottom of the triangle or even a breakout downwards. Yes we see an inverted HS formation but which one is it gona be? The bearish rising wedge or the Inverted HS formation. Soon we will know that as we...
Dear traders, Here is a new analysis for Ethereum, Ethereum has formed 2 bearish rsing wedges and is still moving in the ascending triangle. A picture says more than a thousand words so if you look at the chart you see it is all there ;-) The red trajectory is what possibly will happen. Of course this is a trading idea and no advice to trade. Use stops in your...
Dear traders, Here is a new analysis for Ethereum, We see the 90 minute chart here for more detail. With a breakout above the neckline of the inverted head shoulder formation, we will first get some significant resistance from the descending trendline. Most likely the price will bounce off and retest the neckline of the inverted head shoulder formation and then...
Dear traders, Here is a fresh update on Bitcoin on the 2-hour chart. In the symmetrical triangle, the price of Bitcoin has already developed several patterns. Our latest head shoulder formation can already be extended to a larger size again. Note that the small HS shoulder formation also remains valid as does the bearish rising wedge. The scenario could go as...
Dear traders, I have created a new 2 hour chart of Bitcoin so that you can better follow the price movement by clicking on the arrow on the right side of the chart. With the breakout of the neckline and bearish rising wedge, I see the following possible scenario happening. A re-test of the head shoulder formation and then a decline with the next support and...