benkken

benkken

Notice the lack of volume around the resistance area, it was the first clue for us to open a VERY low risk short position. Even if the market rebounds hard, which is possible, I will be getting out safely with a moderate profit. Now I have a safe short position open and I'm waiting for the next pattern to form. There's no need to predict the exact point where the...

benkken

This seems currently like a high probability scenario for IOT/USD. IOT/USD seems to have formed a support at the circled area. If IOT/USD breaks the resistance line, an up-move to the ~1.00 range should follow. If BTC/USD gets a few good green candles this scenario will happen most certainly. If the market starts this fresh week and month green, explosive...

benkken Updated 

ETH/USD has broken through resistance and should continue heading towards the first target of ~400 $ There's high probabilites that we will see a longer bull period now and if that's the case, Ethereum will push through 400$ with ease. Altcoins will continue to rise as long as ETH remains in the uptrend Enjoy the period of easy money.

benkken Updated 

All info on the chart. I'll be monitoring BTC and preparing to long after a short term candlestick pattern forms that validates the possible up-move. It's unlikely that we will see another down-move with shorts already being this high and having a minimal effect on the market. Nonetheless, a big move in either direction should happen soon and the probabilities for...

benkken

All info on chart and in my previous posts

benkken

As I stated in my previous analysis of Ethereum, if ETH/USD forms a short term support structure and breaks through it on monday-tuesday, a big down move should happen. Now ETH has done exactly that with sell volume confirmation and should continue downwards. As always, USD alts will follow this down move.

benkken

The chart might look messy, but take your time to go through it and notice the obvious similarities. Volume profile looks almost identical. If volume won't pick up in the next few days, probabilities for another down move are high. Volume should drop because of the weekend, making this scenario the most probable outcome for now. I expect sideways movement with a...

benkken

Opened more short positions on USD alts on ETH/USD breaking through support, USD alts should follow down soon. This looks like the start of the last big move down before we should expect a great bounce.

benkken

This is my simple system for betting big on patterns. This strategy will save you from overanalyzing, from wasting hours reading useless news designed to lead you astray and stressing over small price movements. I don't predict where the price will end up, I simply react to the price action and position myself correctly. This seems to be where 90% of tradingview...