PalenTrade

PalenTrade

Hello! Here we can see Ethereum against Bitcoin on 1 hour timeframe. Eth is showing some strenght. For now.. It is testing fourth time this RSI trendline. We can also see the same resistance line on on the price. I have said that usually the fifth or sixth time breaks the line but anything is possible. First target is previous top around 0.045. After...

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Hello! Possible Cup and Handle formation or falling wedge movement on The Graph. Possible scenarios: There is cup and handle (bull) There is falling wedge (bull) It's possible that we retrace to previous low where is also 200 EMA (red line) on 4hr and bounce from there. To break the last high we need to see RSI break the resistance lines. Price...

PalenTrade Updated 

Hello! Here we can see two charts. Upper one is Ethereum against dollar (daily) and lower Bitcoin compared to US Dollar (4 hour ) I think we will see movement upwards from BTC. Price has been between 20, 50 emas which are under the price and 200 ema on top on hourly chart (not shown in this picture). I will add picture of this. Here we can see that...

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Hello! Possible Ethereum diamond pattern here. Targets are marked. RSI has already broke the resistance level like we can see from the chart. For now.. Let's hope Btc stays chill. If do take trades use stop loss. Otherwise you will get your ass burned! -Jebu

PalenTrade Updated 

Hello! The first "real" stock I have ever bought. Wuhuu! (for long term) 5th of january 2021 Had to make a small analysis about it ;) Okay. So we can see from the left chart (weekly) how we have been under this supressing trend line from the year 2018, 30th of july. Price hit the trend line 4 times and the fifth time broke it. Atleast for now. RSI has...

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Hello. Here we are once again. My last post was about Bitcoin Dominance and Ethereum . Which did play out pretty well if you ask me ;) Bitcoin Dominance did get rejected. For now.. Okay so we are now looking at the same chart Crypto total Market Cap Excluded BTC and the same RSI resistance line as before. The RSI line did work out as an resistance...

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Hello. Possible scenario here. If you do believe in technical analysis you do believe to power of an cup and handle pattern. haha. RSI needs to break on 1hour then we might get a move similar to this. If we get rejected now we can come and down and take some speed from 25 EMA (yellow one) Will see if there is alot of sell pressure on 30k Happy new...

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Hello! I think I found some interesting data from Dominance and ETH/BTC price action. I was compering and watching for Bitcoin Dominance once again . We are right now on same levels we have seen in 4th of December 2017 and 2nd of September 2018 . Like we can see from the comparison these both times ETH/BTC has been on bottom. 31 of August 2020 there...

PalenTrade Updated 

Hello! I did make an update from this same resistance line and EMA 200 before and it did work as an resistance. I believe I did say in that that usually the 5th or sixth time breaks the resistance. This is not of course an certainty but what I have seen it often works like this. Anyways the rule goes that the more times support or resistance is hit the weaker...

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Hello! Has been very interesting to watch how BTC performs now on All Time High. Here we have a nice setup. Ready for both moves up and down. Fear And Creed Index 95 and have been on or close to extreme creed for more like 1,5 month ;D. So we are going to see a drop. The question is. Is it in a week or after another month. Use caution! Bitcoin broke ATH...

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Hello! We got a Bitcoin ATH break like I suggested 4th of december! Awesome if you ask me! We still have fear and creed index on extreme creed ( over 1 month ) which I still don't like, but like the price shows us it actually doesn't matter. People can get even more creedy! If we do believe to identical waves (legs same size. blue arrows) next resistance would...

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Hello. Few noticiments. BTC did make really clean 50% retrace from previous rise leg ( lower picture ), shaking off longs (me included). The bull trend has been really strong after corona dip (sherlock). We can see here that the price is still making higher lows ( red marks ) which means we are still strong bull. Right now we are in consolidation because there is...

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Fast analysis. I think this will be the last shake off before BTC brakes all time high. We saw really stong bull move from 18 600 to here, in 3 hours. If we stay higher than the support line I believe we will break and if we close higher than ATH we keep going bull until Christmas and New Years selling. Remember that nothing is certain and use stop losses if you...

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A big big monthly Head And shoulders Pattern on ETH/BTC. Hypothetically this could happen. If you are holding Eth I'd keep hold of it ;) My opinion is that fundametally central banks monetary policy (printing money and stimulus) is favourable for Ethereum and Bitcoin. All the best for everybody! If you are trading use stop losses, and don't use too big...

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Crypto Total Market Cap Excluded BTC The RSI resistance on weekly is right behind the corner. Like we can see from the picture this is the fourth time this RSI line gets hit ( RED circles ). GREEN circle shows where the suppressing downtrend line got broken. (Trend turned to Bull) BLUE arrows shows that these upward legs are identical size. Which would mean a...

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Hello! Few noticements here. We can see from the top chart that BTC Dominance has hit 3 times to this trendline before (yellow) and got rejected and also hit 3 times to this 200ema (red) where the BTC'D has turned around. There is some resistance. This doesn't straight mean that BTC is going to drop because BTC Dominance is compared to money on alts but it is an...

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Hello. Few noticements here on weekly time frame on silver: Double bottom (red marks) Good, clean looking reversed head and shoulders After breaking the 200 ema (red line) it used it as support. If you compare this to previous movement it could be possible that we see upward movement as as long as we stay on top of it. Same happened on the 20 ema (yellow line)...