BMYWin

BMYWin Updated 

Descending Triangle maybe is Bearish, sometime it is a reversal pattern. On the other hand, Ascending Triangle maybe is Bullish, sometime it is a reversal pattern. Is it still in the Ascending Triangle Development Currently? A bullish Ascending Triangle? or a Reversal Ascending Triangle? General speaking the Triangle development will take around 8 to 10 days,...

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Lunar Year 2018 might be the bottom of Ethereum Lunar New Year 2019 Holiday was starting from 1th Feb, 2019 to 19th, Feb, 2019. During the X'mas and 2019 New Year and Lunar New Year 2019 holiday, Ethereum build a Higher Low W bottom. At the same time it has destroyed a Bear Head and Shoulder pattern (Red H&S on the chart) and forming an invert H&S pattern (Deep...

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Happy Lunar New Year! Say Bye Bye to Bottom of the Ethereum Year! Market Repeat itself. One month to Bullish run Bottom: 1. Nov to middle of Dec, 2018, Ethereum took one month to build one bullish run bottom. 2. Jan 10 to Feb 8, 2019, Etherem looks like it has build another bullish run bottom. They have the same pattern. Will Ethereum continue walking on...

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Let's us review these two charts: Chart Pattern Currently: Chart Pattern from Nov to Dec, 2018 Short Description about the Chart Patter from Nov to Dec, 2018: Ethereum price was unable to closed above 10 days moving average for 2 days during 19th, Nov to 16th, Dec. (Almost one month period.) When price kiss 10 days moving average, or climbing higher than...

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The Ethereum price backtest support and kiss Long term downtrend channel upper Neckline at 102.68 on 29th Jan, 2019. It breakdown our previous defined "critical level" price zone. Major fall is coming from 1. Lunar New Year Hardcash requirement(Sell digital currency, and get hardcash currency) for Happy New Year Red Envelop. 2. Cross trading between Bitcoin and...

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From Moving average line aspect: 1. The price closed always below under 5 days moving average recently. Only one day closed a little bit cross over it, but not strong. 2. Price below 20 days and 50 days moving average recently. 3. 4 hours chart lower low and higher low forming a downtrend channel. Bitcoin outlook: it seems bearish, and Should Had Dropped Sharply,...

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Crude Oil forms an XABCD bottom pattern recently after a sharply drop. Ethereum seems to have the same pattern. Is it re-bounce, only? or is it a bottom signal? Let's keep watching market development. Is the Bull pushing down to BUY? 12th, Jan, 2019 Be Caution Back Test Support. 8th, Jan, 2019

BMYWin Updated 

Last week we estimated Ethereum break the key resistance neckline(neckline1: long term pressure down trend line), and reach a satisfaction price at 170, it might have a health correct, and backtest support level, target as the following level: Target 1: 144 - 150 Target 2: 133 - 138 Target 3: 123 - 127 These three targets are all reached. Especially the Target 2...

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While we compare various investment products for 6 years, we have the following finding (we using the current price to compare 6 year before price.) 1. Amazon.com(AMZN): 929% 2. Google, Alphabet(google): 354% 3. Apple Computer(AAPL): 312% 4. Taiwan Semiconductor Manufacturing (TSM): 276% 5. SP500 index(SPX): 200% .. Gold(XAUUSD): below average. .. Crude...

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Currently it is trading around 50 SMA and 50 EMA area. Break 50 SMA already (Crossover 50 SMA for 3 days) 2 Cross over 1. From hourly chart: --30 hour MA cross over 90 MA and 120 MA 2. From 4 hour chart: -- 5 days MA cross over 15 days and 20 days MA Trading volume steadily increase. Knock 50 EMA (300 bars of 4 hour chart) 2 time for cleaning lockup floating...

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Very Short Term Correction has completed. In process of back testing support. (Another mid-term healthy correction) Back test support target might be as following: (1). 10 days moving average. (60 bars moving average of 4 hours chart) (2). 15 days moving average. (90 bars moving average of 4 hours chart) (3). 20 days moving average. (120 bars moving average of 4...

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This week Ethereum exchanging US dollar come to 167, Higher than previous high, it knock the long term pressure line for 3 times forming a W Bottom, and it challenged and breaked it successfully. (Long term pressure line: a line that can image coming down from 225.46 on 07th, Nov., 2018 to 165.15 on 24th, Dec, 2018.) Currently it is facing following...

BMYWin Updated 

ETHereum is in a standard Triple Jump Development. Before jumping high, it is better to squat first. Pricing increased and Trading volume is smiling, increased, too. But after X'Mas to New Year period, trading volume was slightly decreased. The trading volume is too small to breakthrough the major pressure. It looks like the price is attracting some lock-up...

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X'Mas wave was starting from US$83.12 and ending at 165.15 on X'mas eve(2018/12/24 night). A brief break the long term down trend line(Red dot line in the middle on the chart) Then price drop and back test the neckline or 14 days average line, volume drop, too. Is the X'Mas Wave the First Bull Wave? Let see will the market re-challenge 149, then retesting...

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We had observed that short position climbing high at 7th of Dec, 2018, but half of the bear clean their position before X'Mas & New Year holiday. During 7th to 18th, Dec, 2018, bull increase their Long position, some of the long position profit taking after price reach USD120.

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We observe that Recent 10 days accumulated transaction volume is around 4 times to 5 times large than middle of October. The 10 days accumulated transaction volume was around 800K to 1.3M during middle of Oct (15th, Oct) to 13th Nov. The 10 days accumulated transaction volume was around 5 M to 6 M from 20th Nov. to current date. Price keeping 83 to 100, a narrow...

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X'Mas and New Year is near, traders are cleaning their positions. Last week, originally range trading around 102-128 from Last Tuesday to this Sunday , but the bulls buying volume is weak, unable to challenge 124-128 range, then retesting previous low. We observe major short term buyers run away after fail to test the 10 day Moving Average(10-MA), the Ethereum...

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Are the big buyers establishing their Long Position? -> Maybe they are trying to push down to buy. Will it test the low again? -> Maybe, let see if 108.30 could be hold or not, if not hold, then market might test 102.20 again. We observer that big buyers drop their big long position around 180, and killing price down to 102.20 2 times. Price drop quickly,...