beelao

beelao

Hello WORLD From the charts you can see three distinct colors, green, blue and dotted yellow. First off the green is telling us of a M pattern. Next we have blue telling us of a W pattern. Finally, we have the dotted yellow which is a falling wedge. The green tells us of a bearish pattern if it does indeed play out, it will fall below the 3,000's. Personaly I do...

beelao

Ethereum is in a downfall. From the previous TA (and in the summer), I have mentioned that Ethereum will be in a free fall and it has continued. The next support will be around the $45usd mark on the weekly chart (all the experts are now calling the price around this mark and they are just acknowleding it now). The way it looks, ethereum will fall to this level....

beelao

Ethereum seem to have completed the h&s on the weekly chart and has broken down. Next stop on the weekly chart is around the 45usd mark. From here to the 45usd mark, there is no support. If you look at the day chart however, you will see some support. To me, I look at the long term and the day chart is used for day/swing traders. If that is you, good luck as you...

beelao

There is not much to say about crypto this week. It looks to be another continuation down. Well, let's get to it. On the weekly chart, stellar is in a freefall as with the majority of the cryptoworld. If we look at the chart, we see that stellar has broken below the blue dash line which was acting a major support line. Now that it is broken, I can only assume the...

beelao

Stellar, what am I say. I am in a bind here. Oh how I love stellar, but I have to say this. So let's get down and dirty from a long term perspective. At this point I will say I am staying away from stellar. Stellar is one of the best few coins that if I was day trading, is diamonds in the pocket. If we look at the weekly chart, we see that stellar is at the bottom...

beelao

What the hell is going on with bitcoin? Bitcoin is going to crash. That is what the media is saying. Well, I'm saying this, bitcoin is going to be bitcoin. It will fall and it will rise. The difference between the two is that when it falls, it falls to retrace and when it rises, it rises, it moons. Back in August, I said that in the long term, bitcoin will fall...

beelao

There seems to be no stop for neo here. If we look at the weekly chart, we see a h&s. Neo fell through the h&s something around June. The consolidation around the $16-$17usd just didn't go quite as good. Right now, Neo is at a critical support level around the $9usd mark. If it falls, it will have another small support at the $5-$6usd mark. From there, it will...

beelao

It seems like ETH is going as predicted. For those who don't understand me, on August 22 I did a TA stating that ETH will be going down. Refer to that chart if you don't believe me. I noted that ETH was in a h&s pattern (yellow). It seemed as if it slumped down from that point on the day chart. On the monthly chart, you can clearly see that a larger h&s pattern...

beelao

If we are looking for a coin that can rise above all the rest and become a competitor against bitcoin, I would have to say it is monero. Though it will not replace bitcoin, after all bitcoin is king in this arena. It will however become it's bitter rival. Monero has an awesome white paper. If we are to look at it from a TA perspective, it is the only altcoin that...

beelao

Stellar has been on the move for a while since the IBM announcement. Stellar also have been in a sideways movement. If we look at the day chart, we see a bearish rectangle. It is a matter of time until it falls. When I say fall, I am talking about a big movement. I expect it to be around the 0.16usd range. When looking at the weekly and 4 hour chart, we can...

beelao

For a long stretch now, we have seen that ETH has been going downhill. The bears have been in control for so very long. On the day chart, we have a divergence. This means that the bears are exhausted and the bulls will take control for a while. On the weekly chart, we see the divergence even more clearer and that just confirms that the bulls will start to be in...

beelao

So here it is, another bitcion update. From the previous TA's that I posted, I said that bitcoin is going to form a h&s and that it should reach around 6800 and it will again to fall. Well, it has went over that, but I still this (h&s) to be true (end of July to now). If we look closely, we see that a falling wedge (purple) has been formed for several months. It...

beelao

Here is ONT. Not much, but it does show a bullish trend.

beelao

What we got here is a failure to bull run. If we look at the day chart, we see that a lower high (blue) has formed in the chart and a higher high (blue also) in the Stoch has formed. This is hidden divergence and it tells us that the pattern will be bearish soon. Also if we look closely enough, we see a symmetrical triangle also has formed (brown). The triangle is...

beelao

Looks like eos might be on the same move as ltc. On the day chart, we see that a wedge is forming. It can either go up or down (orange). Now if we look to the macd, we see that there already has been a divergence. It may or may not continue. The choice is up to you. But for me, I say I would wait to see a confirmation of a uptrend. Until then, keeping my money...

beelao

Heads up people. Litecoin is on the move. On the day chart, we see that a wedge is forming (orange). Also if we look at the macd, we see a divergence (purple). The histograms is above the zero line and moving up. The macd line has crossed over the signal line indicating a change in trend. This is an indication of a rally. It will happen soon, so don't miss the...

beelao Updated 

Neo, if you ask me is at a point of where it is good to buy and average down. But first of all, wait for the correction then buy. It seems as if Neo has found an accumulation zone for the next 3 months or so before the bull rally to the moon. This zone also seems to be in a good correction zone before the December-January hype that pushed bitcoin and alts like neo...

beelao

So I had another interesting idea. I wanted to buy some eth and it looked like a good price. So as I was doing this setup for the long term, I couldn't find any good long term historical values. So this is an assumption. Hate to be the bearer of bad news, but eth just seems like it is going down, I mean way down. According to the day chart and the weekly chart,...