madeinvietnam

madeinvietnam

Bitcoin has been pumping pretty hard in 2020. If you are a bear, you probably got rekted this week. You probably also got rekted last week. By this point, the bears are not inclined to short the market. So, is it a good idea to go long? I doubt it. Bitcoin is trading in a rising wedge and has just penetrated the top of the Bollinger Band. The RSI is also in a...

madeinvietnam

I have seen a lot of people drawing bullish lines on the Altcoin charts lately. It is true that Altcoin season has happened around February/March in previous years, but that was the past. What you can actually trade is not in the past. BTC.D has been trading in an ascending triangle for months and currently it is above the 21 day EMA. Compare that with the ETH.D...

madeinvietnam

People are very bullish for Bitcoin in 2020. Longs vs Shorts is near record highs. The complacency in the market is more chill than Bob Marley. Optimism is a dangerous thing. We were here back in August as indicated by the first yellow rectangle. After crossing the green fib ring in August, people became much less optimistic. Guess what, we are days away from...

madeinvietnam Updated 

Bitcoin is trading in a falling wedge. Bullish divergence on RSI. Stubborn bears will face an extinction level event. Target is mid-8K.

madeinvietnam Updated 

People are very bearish on Ethereum after the recent drop in November. In the movie Wallstreet, greed is good. In the cryptocurrency market, fear is better. Buy the fear. I suspect Ethereum will soon surprise a lot of people. I think Ethereum will test the 200 day EMA like it has in the recent past.

madeinvietnam

SPY is currently trading in a megaphone pattern and a rising wedge. If these bearish patterns play out as expected, then much lower prices are coming. The Stoch RSI looks very bearish and has a lot of room to drop. The global economy looks like it is in bad shape. In time, the stock market will align with reality. People who expect the FED to save the day have a...

madeinvietnam Updated 

Ethereum has been declining in a very predictable manner lately. A lot of bears have benefited from this. The bears feel they are in complete control and think making money in this market is a piece of cake. Nothing in this market is a piece of cake. Ethereum is in a massive falling wedge. It tested and found support at the bottom of the wedge today and it is only...

madeinvietnam Updated 

A lot of people are expecting Bitcoin to drop to 6k or 5k or 4k. The weird part is, a lot of these people expect a big bounce after Bitcoin hits their ideal downside target. I seriously doubt these people have psychic abilities. I doubt their predictions will happen any time soon. The weekly chart is printing a bull flag. I expect Bitcoin to finish this picture...

madeinvietnam Updated 

Ethereum is repeating history. Like very recent history. ETH is in a rising wedge and the 4 hr RSI is over 70. Look back a few weeks and see how that turned out last time. The bulls keep falling for the same tricks over and over. Take a look at the ETH.D chart. You will see the same rising wedge.

madeinvietnam Updated 

When Bitcoin broke below the yellow descending triangle, fear came back to the market. A lot of traders are still trying to short Bitcoin right now. Not smart. You guys missed that trade. Bitcoin is currently in both a falling wedge and an ascending triangle. I expect a retest of 9400 which also coincides with the .382 Fibonacci from the 2018 high to 2018 low. I...

madeinvietnam

Gold has been pumping hard this year. A pull-back seems likely at some point. Gold appears to be in a head and shoulders pattern. It also broke below the purple trend line that it has been using as support for the past several months. RSI is in a down trend. My target is indicated by the red line at $1415. A retest and failure at the purple trend line would...

madeinvietnam Updated 

Ethereum made a very impressive run over the past few days. At this point, the bears that are left are too scared to get in the way of a rocket ship. Too bad. This rocket ship is close to crashing. ETH is trading in a rising wedge. The RSI is also in a rising wedge and is overbought. Lower prices coming soon.

madeinvietnam Updated 

Ethereum is in a falling wedge. Retest of .236 Fib is likely. Rally to 200 bucks, maybe more.

madeinvietnam Updated 

Everyone is expecting and waiting to buy at 8k. Good luck with that. BTC is likely to retest 11k before breaking 9k. The falling wedge will catch people by surprise. Blue fibonacci ring is when I expect the breakout to happen.

madeinvietnam Updated 

LTC is in an ascending wedge and a head and shoulders. The halvening is soon. First target is 69 bucks.

madeinvietnam Updated 

BTC appears to be in a descending triangle. The green fibonacci circle taken from the 2018 all-time high to 2018 capitulation shows that BTC is close to crossing over. I expect once it does cross over, BTC will fall to the bottom of the triangle. Descending triangles typically break to the downside, so I expect much further downside. With long positions...

madeinvietnam Updated 

BTC is currently trading in a falling wedge on the daily chart. This pattern typically breaks to the upside. Why would it go up now? Because people are expecting a drop to 8k or 7k. Bears will be surprised when BTC retests 11k. Silly bears, the market will not just give you money.

madeinvietnam Updated 

Massive bear flag on the weekly chart RSI has been in a downtrend for over a year Stoch RSI sinking rapidly Trading below 21 week EMA Harsh rejection at .382 Fib No more scam ICOs to pump up the price Possible retest of 21 week EMA.