TheForecasters

TheForecasters

LINK has done a massive run recently and has found some resistance around the 26 dollar area. It is trading in quite a large rising wedge pattern which in theory is bearish and seeing that LINK has had a massive run we can certainly see a correction happening anytime soon. The 4hr ichimoku cloud has acted as proper support during this run and a break of this...

TheForecasters

This is a very early sign and might even be too early but here goes. We can see that BTC might be trading in a very large bull flag pattern and a breakout to the upside will put our target at around 52 000 dollars. This is huge for BTC and can be seen as a very bullish sign. Like I said though this is very early to tell and we can invalidate this pattern very...

TheForecasters

BTC is ranging in a very large channel at the moment and got rejected around the 41 000 dollar area not too long ago. It seems BTC is going to try again but another rejection at this level can send it back down to the 30 500 dollar area where we have seen BTC find proper support. We will definitely trade a momentum breakout from the 41 000 dollar area. If this...

TheForecasters

EOS got rejected yet again by the red resistance box which also lined up with the 314MA, which has proven in the past the act as resistance and support. We can see the 200MA and the 314MA coming together now and is underneath the 1000 sat area. If ETH can break this resistance we can definitely see a new long term uptrend starting here. We will once again consider...

TheForecasters

ETH is trading inside the 1hr green ichimoku and is approaching the top of this cloud quite fast. The top of this cloud lines up perfectly with top of this trend line. We believe that ETH will get rejected at this trend line and trade lower once again which will put it in a descending triangle. We will keep monitoring ETH. - - - - - - - - - - - - - Disclaimer: The...

TheForecasters

EOS seems to have turned the 200MA into support and is trading right above it. This is a very good sign and can signal a long term reversal and the start of a new uptrend, especially after BTC has made incredible new highs and is trading sideways just below the 40 000 dollar area. I am very interested in laddering some longs around this area on the 200MA as this...

TheForecasters

BTC is trading in a perfect ascending triangle and is very close to breaking out of it, the price pushing against the resistance of the upper trend and this usually means it wants to breakout to the upside. However it can also be testing this level which is a strong resistance and get rejected here. I do personally feel a breakout can happen from here which is why...

TheForecasters

ETH has yet again made ATH's and doesn't seem to be slowing down, however it can see a big drop and I think it's close. As we can see here our target has basically been reached from the breakout of that ascending triangle and ETH is also trading in a very steep uptrend without having created much support. The last major support level I see is back at 1430 and I...

TheForecasters

BTC looks like it is also currently trading within a ascending triangle which in theory is a bullish pattern. A pump outside of this Triangle can push BTC to ATH's and we intent to capitalize on that. We are currently considering laddering some longs on BTC as that might be more profitable than a breakout trade. We are also carefully considering our risk and will...

TheForecasters

BTC has recently overcome this large descending triangle which is a very bullish sign for BTC , as well as making higher highs and higher lows, all bullish signs. However we are inclined to look at the resistance BTC is facing up ahead and already it seems to be proving a difficult task. We are confident that once BTC overcomes this resistance area around the 38...

TheForecasters

ETH has broken out of its channel with massive force and is due for a correction in our opinion. We can see with this fib extension from local swing low to new high that it lines 100% perfectly with the 1430 support area, previous resistance area. I would not be surprised to see ETH come back down to this level of support before continuing to new ATH's once...

TheForecasters

BTC has broken that resistance around the 34000 - 34500 dollar area and has also retested it as support which is a very good sign so far. It is starting to trade at the upper end of this triangle pattern which might suggest a bit of bullishness. It is still trading within the 4hr red ichimoku cloud and if we see it overcome this area and turn it into support that...

TheForecasters

LTC has seen a nice breakout from this downward trend line. As it is currently trading within the red cloud on the 4hr ichimoku we would like to see it overcome this and find support above it. We will consider laddering some Longs once it has done that. - - - - - - - - - - - - - - - Disclaimer: The content covered in this channel is NOT to be considered as...

TheForecasters

We can see a textbook breakout from ETH here and we managed to secure a small profit on a momentum long. It would be very healthy for ETH to retest the 1440 dollar area as support and we are looking at laddering some longs around this area. We would like to see ETH reach 1600 as this would be a psychological resistance level as well as a trend resistance...

TheForecasters

XMR is trading at an interesting price level. It is inside the red ichimoku on the 4hr and has quite a lot of resistance up ahead. Once it overcomes these resistance levels and turns them into support then we will look at laddering some longs. For now we will watch observe and update. - - - - - - - - - - - - - - - Disclaimer: The content covered in this channel is...

TheForecasters

ADA has seen a beautiful break out just recently and if it can turn this previous resistance into support that will be a mighty bullish sign for ADA, we are considering laddering some longs around potential support areas just below this level. - - - - - - - - - - - - - - - - Disclaimer: The content covered in this channel is NOT to be considered as investment or...

TheForecasters

EOS is an interesting Alt we are looking at. It has been trading in this range for about 29 days now. Recently it tested that red box as resistance again and got rejected as it is a strong resistance area. However We can see that EOS has overcome the red ichimoku on the 4hr and the cloud has also turned green. We want to see the upper area of this red cloud...

TheForecasters

BTC is trading sideways and has been trading in some sort of pattern for the last 28 days which means we can be expecting a move at some point hopefully within the next week. As you can see BTC is struggling to overcome the resistance area at the 34 000 dollar area and is trading within the red ichimoku cloud which can be seen as neutral. Until BTC trades below...