Ether2020

Ether2020 Updated 

Hello Traders, Here the 2 hour chart of Bitcoin . Clearly we are in a perfect downward trend channel. We also see the formation of the right shoulder of the inverse head shoulder formation. Target for this head and shoulder formation is 65000 usd when breaking through the neckline. Currently watch carefully what happens to the price. If it drops below 50000 then...

Ether2020 Updated 

Hello traders, Here is a chart of BEAM-USDT on the 4 hour chart We see a huge move from 40% in BEAM. But we can clearly see that we have are a downward trend channel. A breakout above 1.4 USD with a lot of volume could push the price to the top of the downward trend channel. For a further healthy rise we need an RSI above 60 and good volume otherwise gravity...

Ether2020 Updated 

Hello traders, Here we see the 4 hour chart of Litecoin which is moving in a perfect ascending medium trend channel. The price has rebounded from the bottom of the channel but now we are encountering strong resistance. We have the top of February 15. This is an important resistance line and key level. We also see the descending trend line / wedge which has not...

Ether2020 Updated 

Hello traders, Here is an update on Bitcoin on the 8 hour chart of Bitcoin. The head shoulder formation is still active and intact. The neck line is slightly more accurately placed now. As I mentioned earlier, violent pullbacks are quite normal in this volatile market. In the process, a Demark 9 buy signal for the short term also came in. I am still bearish on...

Ether2020 Updated 

Hello traders, Here is an update on Ethereum on the 4 hourly chart We are seeing another perfect head shoulder formation forming here. Ethereum has not yet broken through the neckline but I expect this to happen in the short term when looking at the Crypto market in general. Bitcoin is bearish and drags the other coins also down. The target for Ethereum with...

Ether2020 Updated 

Hello traders, Here we see the 2 hour chart of Bitcoin and a confirmed head shoulders pattern. Target of the H-S formation is 37,000 usd. The neckline has already been retested as we saw already in my other charts. We also have higher volume in the right shoulder of the H-S formation which makes the pattern much more reliable. Interestingly, we now see the also...

Ether2020 Updated 

Hello traders, Here is a chart of a strong Alt coin ETC. ETC is forming a falling wedge. Look carefully for a breakout or resistance at the top of the falling wedge. On a breakout to the upside, there should be heavy volume. Right now we are likely to see a reversal to the top of the wedge also because volume is extremely low. Volume is key in general but...

Ether2020 Updated 

Hello traders, here we are looking at the 4 hour chart of Bitcoin. A new and even bigger head shoulder pattern has formed where the price has already broken the neckline which we are now re-testing at the 51.000 level. Also 2 longer term trend lines have been broken. The drop to 47,000 in BTC was stopped by a volume spike and is now re-testing the broken H-S...

Ether2020 Updated 

Here is an update on XRP on the 2 hour chart. As you can see, a second head shoulder pattern is visible in addition to the one in my previous analysis. At the moment we can see that a triangle has formed. This one is usually bearish in a downtrend like here. So I expect a further decline with the previous low as the first target.

Ether2020 Updated 

Hello traders, Here we see XRP on the 4 hour chart. with a now already confirmed head shoulder pattern. The neckline was re-tested and so the target for the H-S pattern is 0.56 USD. If BTC drops fast ALT coins are going to drop many times faster so place good stop. Going long in a downtrend gives a lot of risk but can also bring quick profits. Personally I...

Ether2020 Updated 

Hello traders, You see here the 8 hours chart of Ethereum. Price is moving perfectly in the trend channel. We also see the heavy negative divergence in the RSI. In my opinion, the ideal time to buy ETH is to be patient until ETH hits the bottom of the trend channel. Preferably we will then see a volume spike and/or a positive divergence in the RSI...

Ether2020 Updated 

Traders, here we are looking at the 2 hour chart of Bitcoin. Clearly the head shoulder formation can be seen. If BTC breaks through the neckline we could go much lower with a target of 43.000 where is strong support waiting. Another scenario is that BTC froms a falling wedge and that in turn is Bullish. This would invalidate the H & S pattern and you could...

Ether2020 Updated 

Traders, Bitcoin has broken the lower trendline of the rising wedge and tested it already Targets now around 40.000 - 42000 USD which is also horizontal support. It would be very good to board new traders at these levels who missed the boat to the last all time high. Then we can all join a new ride to 80.000 +

Ether2020 Updated 

Traders, here is a chart for Ethereum with a possible scenario on the daily time frame where a head-shoulders pattern is developing along with a divergence on volume. A key point is that volume in ETH but also BTC and many other coins has been declining for months while the price has been rising. A huge divergence in volume has formed. A healthy rise is...

Ether2020 Updated 

Hello Traders, Bitcoin is forming a new inverted head and shoulders pattern. We saw already a smaller inverted head and shoulders pattern in my analysis before. The minimum target for this bullish pattern is 70,000 USD, but I expect to hit the upper trend line before the end of May or even sooner. The upper trend line target will be 80,000 USD. The months...

Ether2020 Updated 

Traders, here is an update for Bitcoin on the D timeframe. As I wrote before, patterns continuously change, and now we are forming a bullish falling wedge. In the big bull run from 2021 until now this happened already 2 times. The 50% Fib level is still holding as support. My stop loss is now on the blue line. Targets are still the same 68000-74000. The...

Ether2020

Traders as you see the bullish scenario is still intact. When doubt always zoom out to the higher timeframe. Patterns change constantly change for others. BTC had strong support on the Fib 50% retracement level. This level is always extremely important in all timeframes and all instruments! If Bitcoin brakes the rising trend line with a close of the day candle,...

Ether2020

Traders, we can clearly see on the 3-hour chart a symmetrical triangle in an uptrend. The Logical first target is the upper trend line. Having tested many systems on Bitcoin, there is only one that really gives full returns. Buy and hold. Bitcoins are limited minable and a safeguard against inflation. The world is printing money like water. Biden, like Trump,...