We look to be setting up for one last drop on Bitcoin. Currently opening shorts up around the top of the smaller pennant around $3740. With plans to add to my short if we somehow break that and push towards the top of the larger pennant in play. Looking to see the support zone break below $3450 with targets in the $2900-3100 range to close our shorts and flip...
Throw a like if you hope BTC is going to bounce! We have seen a massacre over the past few weeks, some of the largest drops we have seen in this bear market. I originally thought we were heading down to $4,000 - we were in a huge bear flag and indicators looked bearish across the board. However, over the past few days, there has been some very clear bullish...
Right now, this is setting up exactly the same as our call to short at $5500. Right now, I'm targeting somewhere between $3600-$4000 as the profit taking area on the short. But it's the exact same setup with the bear flag/pennant coming out of the drop. It's possible we bart back up, break $4600 with conviction and volume and I'd stop out of the short.
Over the past week, BCH has seen numerous large volume spikes one of which resulted in an All Time-High volume on Coinbase. These large volume spikes were no doubt fuelled by uncertainty and volatility presented across the market by the most recent Bitcoin and Ethereum drop and could very well present an opportunity for short to medium term profit. As you can...
Ripple has had an incredible flight the past week and has brought many traders some profit they needed in this kind of market. Now I believe it is time to TAKE profit (and potentially make more by shorting). Currently, we are severely overbought on every timeframe including the 1D, 4H, 1H, 30M, and 15M. The MACD is currently bullish but looks like it may cross...
Bitcoin still looks good for the short. The pennant did extend a bit from yesterday's original pennant, however it's still well within it and still looking rather bearish in my opinion. Right now, unless we break up over $5600 with volatility I'm still of the opinion that we break down to $5000ish. You can see the bands are getting pretty tight right now as well,...
Looking at Bitcoin right now, it's kind of hard to view it as a short opportunity on it's face. That said, I'd be kind of surprised if we didn't finish the road down to $5,000 before finally bouncing upwards. We have gotten so close to retesting that resistance as support, it'd be a bit odd to bounce here. As you can see, the 1H chart is looking fairly bearish as...
Right now, we're still looking good for another break down towards $5000. This 2H pennant is nearing it's close, I'd say we have somewhere between 4-8 hours before we decide which way we're going to break out of it. I'll update when we break out of this and see where we go from here. Right now, this looks like a pretty text book bearish pennant though.
I'm usually not the biggest fan of TRX, however, I think we are presented with an incredible trading opportunity. First of all, there is a major cup and handle formation on the 1D and we are about the complete the handle (bullish breakout), with a confirmation of breaking out around 1,060-1,070 sats. Also to say we recently had a golden cross on the 1D and...
This is an update on some Ethereum analysis that I did the other day in which we started accumulating at these "low" levels. Taking a look at the long run for Ethereum (1D) we can see that RSI is slowly creeping into the oversold zone and the MACD is eventually going to have a golden cross in the near future, let's say within the next couple of weeks. I'm usually...
A user requested TA on XMR this morning and this actually looks like a gold mine. First of all, there is a very clear falling wedge on XMR/BTC on the 4H. A lot of people think falling wedges are bad but keep in mind that falling wedges tend to be bullish. Not only this, but taking a look at the MACD, XMR has made many attempts to flip positive and looks like it...
Once again, everything is a cup and handle right now. I can see ICX making some big moves as there has been heavy accumulation and momentum going. Because of the recent pumps, ICX may be refueling in which I want to take advantage and get a good entry point. There are two different entry levels that I will be taking depending on whether or not ICX bounces off the...
XLM is a stellar project that I am in for the long run, however there is a fantastic short/medium term opportunity to make money. I normally don't post about cups and handles, but there is a very apparent one forming on XLM and that tends to be a bullish indication. Enough people that see a cup and handle will psychologically encourage a lot of people to allow...
Bitcoin is in a symmetrical triangle connecting all of the relative peaks since the December crash to today. All of the relative lows form a support in which it looks like we will be consolidating around April 10th. It looks like within the next few weeks, Bitcoin will break out in a certain direrction. MACD looks like it is ready to go have a bullish crossover,...
Despite the recent bear market, we have been presented amazing opportunities to stock up on coins. Even though ETH has fallen to lows of below $500, it is still a coin that I am very bullish on and I think will be one of the heavy gainers in 2018. That being said, this is one of the BEST times to be accumulating. I scalped some Ethereum at $460 a few days ago and...
A lot of people are claiming that BTC is going to fall under $10,000, I have even heard crazy claims of $8,000 and all the dinosaur investors on Wall Street saying that "told you Bitcoin is a giant bubble!", but I beg to differ. BTC is in a HUGE bull pennant on the 1D which has bounced almost perfectly off of support and resistance lines. This is the biggest bull...
I hope you all have been following my analysis on BNB because it is already up nearly 3x from my original call - however I said my targets are 10x! BNB looks like it is ready for another bull run: 1) it has broken out of a bull pennant that has been forming the past few days 2) the bollinger bands are getting very tight meaning we are ready for some major movement...
Binance (BNB) is a very good long term investment. A majority of traffic is LEAVING Bittrex and switching over to Binance. Why Binance? First of all, Bittrex closed registrations for over half a month and it is REALLY hitting them hard. A lot of people are entering the crypto market and resorting to Binance as their exchange of choice now. Binance also has a niche...