MarginChef2

MarginChef2

Pretty textbook head and shoulders pattern on the Dow Jones that I think is going to play out bearish.

MarginChef2

Today EOS broke downwards on the equilateral triangle it had been forming. Also, the bollinger bands had gotten pretty tight, and have begun to expand on a bearish candle which is never a positive sign. The obvious target is outlined with the horizontal line and the grey box. I think given the fundamentals surrounding the EOS launch, and the crazy explosion it has...

MarginChef2

bitcoin look looks to be in a ascending triangle that I expect to break upwards and test the resistance at the top of the very large triangle that has been forming most of this year. For now it is too hard to say whether it will break bull or bear from there.

MarginChef2

Yesterday bitcoin saw a bounce to around 7.5k however today it has come down to about 7.3k at the moment however I expect it to go back down around 7.1k and then fill out the triangle I have drawn. There's evidence for this to be a triangle based off the top, however not really the bottom so this is a little bit of a guess, I'm just looking for a nice entry...

MarginChef2

Been following ethereum a lot these past few days as it broke out of a triangle but was unable to break the previous point of resistance and has been consolidating since. The bollinger bands are starting to get tight on the 4h, 12h, and 1d chart so within the next week or so I'm looking for a push to around .091 as the initial target and even possibly .095 as a...

MarginChef2 Updated 

Ethereum has had a nice run over the last few weeks but has stalled in these last few days. This stalling looks to have created a bull flag. This bull flag will only be valid upon a break of the black line at .08495. After that I'm confident price will hit the first target and potentially more, as that is a rather conservative goal.

MarginChef2 Updated 

After the rejection at 10k I believe we could be heading back to the 7k range and finish filling out the triangle. Price is holding above the 12 hour cloud so there's also the possibility price consolidates over the cloud and then breaks downward through the kumo twist and down to 7k. Depending on if we enter the 12 hour cloud I might take a short position. If...

MarginChef2 Updated 

Ripple saw lots of consolidation over the past week or so and now looks to be breaking downwards. Main target is shown based off of previous resistance however could go further. Bollinger Bands on high time frames look very tight and the lower bounds are being pushed.