MarkH99

MarkH99

NLG has had some good times. The technology is fine and the market cap is low. The trend is positive, so a definit buy.

MarkH99

This is a pure TA of the TESLA stock. I'm taking a long position based on two indicators: 1 RSI Divergence: As you can see te bottoms of the Relative Strength Index are on opposite levels than the bottoms of the stock. This means there might be a switch in trend. 2 The stock bounced of the support. Target is the yellow line; This has been a strong resistance...

MarkH99 Updated 

Daily chart shows a big falling wedge pattern which indicates price rise. We need to wait for a break out or see if it bounces of resistance. See comment for 1h chart...

MarkH99 Updated 

BTC has created a symmetrical triangle. This could go both ways, up or down. First we need to wait for a breakout before we make a trade. So be patient. Once it breaks out to a higher price point, this could really be a turning point for BTC price. Let's see....

MarkH99 Updated 

I got a tip from another trader on this platform to use RSI divergence to rise the probability of predicting a breakout. I'm new to this indicator, so any feedback is much apreciated. Let's look at the chart. Bitcoin's price turned around at the 9k level, which allows us to see that it has created yet another triangle (the white one). Normally I would be very...

MarkH99 Updated 

Possible falling wedge break out. Typical for this pattern is decreasing volume and big volume at breakout. Let's see how this one plays out.

MarkH99 Updated 

Hi there! So what caused today's price drop was a rising wedge (see my previous post). But where are we heading next? It is very hard to tell. But I think that the coming days will be very important to determine where Bitcoin's price is going. As you can see Bitcoin has created a falling wedge pattern. This usually indicates that the price will go up, but, as...

MarkH99 Updated 

What happened in the last couple of days: - BTC had formed a falling wedge - G20 in Argentina talked about crypto - After G20 crypto prices shoot up and BTC breaks out of falling wedge - BTC stopped accelerating and formed a ascending triangle pattern So what's next? An ascending triangle has formed and this can breakout both ways. Since predicting which way it...

MarkH99 Updated 

BTC has formed a falling wedge and it just bounced of the support line. A falling wedge usually indicates a bull run. Will add targets soon. What do you think?

MarkH99 Updated 

BTC has been hovering between $8000 and $8300 for a while, but I think it is about to end. The symmetrical triangle pattern indicates that a breakout will happen. Predicting if this breakout will make the price ascend or descend is however more difficult. There are 3 indicators that make me confident that the price will go down: - Media attention is still...

MarkH99 Updated 

We have seen a rising wedge which resulted into a price drop, but it might not stop there. When coming from a higher price point, an ascending triangle typically indicates a price drop. Given the fact that it looks like it broke out of the support already, we should be watching new support levels. I have highlighted the new strong support together with 3 points...

MarkH99 Updated 

So we finally broke the downtrend resistance line! Not only was this a barrier for Bitcoin to grow, but it is also a mental barrier for people wanting to invest in crypto. Now Bitcoin crossed this bridge, more people will get into crypto again. And where there is a growing ask, there is a growing price. Also it looks like the market sentiment is becoming more...

MarkH99 Updated 

Rising wedge pattern indicates price drop. When it drops trough the EMA20 it will probably find support again at around 11k. Please note that this is a short term trade.

MarkH99 Updated 

Litecoin has been forming a triangle in the last couple of days/weeks. A triangle can always mean 2 things: either the price is going up or the price is going down. With that in mind I think this is an perfect example of how to combine fundamental and technical analysis. Since the overall market sentiment is becoming more positive each day I think this triangle...

MarkH99 Updated 

Almost all cryptocurrencies are giving us red numbers. Pure analytically; could we've seen this coming? Actually, the answer is yes. After the reverse head and shoulder (see previous post) and an ascending price line BTC has touched the descending trend resistance line again. This together with an overbought StochRSI (1 day time frame), a very nice hammer shaped...

MarkH99

This looks like a clear head and shoulder pattern to me. We've had some rough weeks with Bitcoin, but this might be the turning point. I won't say prices will shoot back up to 20k again. But what I want to see is that Bitcoin will go bullish again, and I think this will be the base of it. PS Don't worry about al the lines, that was just for myself.

MarkH99 Updated 

I like to keep my portfolio as diversified as possible. I look for coins that are active in different markets, so when one market is not benefitted from using the blockchain I won't lose all investments. Enjin Coin will be my 'gaming' token for 2018. I won't be going in to the fundamentals for now. Technical analysis shows me these targets (based on fibonacci...

MarkH99 Updated 

Hello everybody, It is a rough week for everyone involved in the crypto world, but I can see light at the end of the tunnel. Here is my prediction for what will happen with the cryptocurrency market (I'm using the BTCUSD chart since I think BTC is still the backbone of the entire crypto market, if BTC falls down, so will the rest...): Before BTC brokeout...