OneManTrading

OneManTrading Updated 

SYMBOL: ETHUSD RESISTANCE: FIB 78.6 (729.80) SUPPORT: FIB 61.8 (651.14) SPIKE LOW / RANGING IN MID-CHANNEL AT 695 PATTERN: LARGE BEAR FLAG SIMILAR TO PREVIOUS PATTERN WHEN BROKE DOWN 03/06/18 NEXT SUPPORT: FIB 50 (595.89) / WOULD HAVE TO PIERCE 50 AND 200MA MA: 50 ABOVE 200 AND CLIMBING BUT COULD TURN MACD: WEAK UNDER TREND RSI: 51.9 CCI: -49 TREND EXPECTATION:...

OneManTrading

SYMBOL: XRPUSD RESISTANCE: FIB 61.8 (0.74694) / 200MA SUPPORT: FIB 50 (0.69203) BOUNCING OFF PATTERN: LARGE BEAR FLAG NEXT SUPPORT: FIB 38.2 (0.63711) SPIKE LOW MA: 50 TRENDING TO GO UNDER 200 MACD: UNDER RSI: 41 CCI: -96 TREND EXPECTATION: PROBABLY BREAK DOWN TO 38.2 (0.63711) ENTRY: TREND MUST BREAK ABOVE FIB 61.8 (0.74694). NO ENTRY AT THIS TIME. ***THIS IS...

OneManTrading

DATE: 05/17/18 SYMBOL: XBTUSD RESISTANCE: SPIKE HIGH 8896.3 / FIB 61.8 (8639.3) SUPPORT: SPIKE LOW 8085.6 / FIB 50 (8230.7) WHERE WITHIN: CURRENTLY IN LOWER RANGE OF CHANNEL PATTERN: LARGE BEAR FLAG NEXT SUPPORT: FIB 38.2 (7822.1) CLOSER TO 7725 MA: 50 JUST CROSSED UNDER 200 MACD: UNDER ...

OneManTrading

Low interest rates. With more ghost malls, more shuttering/cutting back of corporate stores (Sears, Macy's, Old Navy, etc.), with wages down, real-estate up (not for long), food inflation up/serving sizes of containers smaller (shrinkflation)... I hope interest rates aren't bumped up (home loans/car loans/credit card rates). The stock market will dive soon I...

OneManTrading Updated 

Anything goes and the chart speaks for itself. One last downward move to 10400 or so -OR- we can bounce up for the 14000 to 15000 some are calling for with lots of resistance and small retractions along the way. The 4HR chart appears to have one last drop in it at this point. The 1D chart appears to want to move upward. 4HR wins first then the 1D but no...

OneManTrading Updated 

So how'd you do when S. Korea made all those rabid announcements about shutting all their exchanges down? That was the straw that broke the camel's back. Many of us were also thinking that another drop for a double bottom could come after that episode. Still possible so don't write that off. All seems to be news driven and not the technology itself which is...

OneManTrading

This quick run up yesterday and then the quick downward move reminds me when I got in at 250 or so and it ultimately ran to 2500. I remember staying in for a good ride but not to 2500. This thing moves quick. Today it looks like it can hit support around 2655 and the ultimate resistance is around 2934 to 2970 according to my Fibs. Can it drop further? Certainly....

OneManTrading Updated 

So BTC hit about 15356 (0.382) for the 4th wave rebound and the 5th wave could be a drop downward but how far? Will it ultimately double bottom just below 11000 or thereabouts? Some have said even 8000. I'll post another fib pic for the drop assessment in a moment.

OneManTrading

ETH has had another great run up towards 1000. It may hit 1000 soon or it may correct. We appear to be in wave 5 which can go higher but it seems to be weakening to me. When it does decide to correct (if soon) the next supports could be around 822 or even 717 if deeper. As I said, more can squeezed out of this. The RSI could go up more a bit. Now watch it go to...

OneManTrading Updated 

Still convinced that the 4HR trend pulled ETH down and the 1HR, 30min, and 15min were all for temporary gains/trades. At this current rate we may hit the 600 price area via the 61.8 fib. Drawn deeper the 61.8 fib corresponds with 578. 600 range still appears to be a good entry point. All hypothetical. Due your due diligence and good luck!

OneManTrading Updated 

The price has been channeling from the 760 to the 813 region thereabouts. Appears we have a triple bottom or more. RSI is pegging low for an upturn. This is all on a 1hr chart so it may only go to resistance again and fall back down to support... or deeper. On a 1day chart if ETH goes lower the next support could be around 735 or 685. No buy signal yet. Wait to...

OneManTrading Updated 

Looks like BCH is ready to move up again later... from this eve to next couple days? MACD bullish RSI bullish DMI bullish This could all fall apart as well but we may have another run upward with BCH. Last night a lot of side trending and then the break upward. Amazing to hear alarms going off every $50 (my settings) as the price climbed up. Long term BCH looks...

OneManTrading

Moving well. Support about $282. Resistance about $360+ Next Fib level about $422. Watching for break upward and continuation. MACD 4HR may drop the price but 1D looking good for move upward. RSI has room to go upward. Do your own research. Good luck!

OneManTrading

I got in around 1300 and it's moving up nicely. And as we all know when BCH decides to move... it goes hard. Will we see it again, like last time? Very possible with it's war against BTC. Some are saying this could really go all the way to 5000. Well... possibly. Around 2500 was the last high and if BTC is 17,000 then surely BCH can get half way there at some...

OneManTrading

Looking at BTC's incredible gains it used to be that when it went up alts like ETH and ZEC would also rise. Now it's the opposite. BTC up and ETH + ZEC types weakening. Most likely because "traders" jumping onto the BTC ship and dumping alts but once BTC corrects will the alts follow... again... per usual or will they finally break away and move on their own and...

OneManTrading Updated 

All of the coins broke downward when BTC broke downward... yet DASH did well. This begs the question when will most of the other coins get a mind of their own and break free from the gravitational pull of BTC? I don't know. To me it seems like the MM's will pick a coin and make it go up as BTC goes down. So what I say here is predicated on coins doing their own...

OneManTrading

So BTC had a meltdown today. Who didn't see that coming? Many folks saw it. Some kept calling for higher and it's a good high. Who wants to leave that? We all get real comfortable in the highs. 11,000+ I jumped back into ETH before the meltdown - last night. I bought 200, rode up to $497 and it just hung around there. I remember that that was the last leg......

OneManTrading Updated 

It appears that ETH has hit the 470 mark 3x as resistance. It did this at the 400 area as well and broke through on the 3rd attempt I believe. Some are saying that it is somewhat possible to break this 470+ mark and get to 500 or so. For me... WOULD it be worth it to ride it just a little more since some are calling for a retrace soon? The risk reward of riding...