EhhEhhRon

EhhEhhRon

While patterns and structures are great....moving averages (and their convergences) are IMO the ultimate indicators you should be paying attention to. As the 100MA approaches the 200MA, I would expect bitcoin to come up and test the the 200MA before the cross actually happens (which will be somewhere around 43-45k). If bitcoin were to somehow pull the 100MA back...

EhhEhhRon

Volume is screaming bull trap. Alt's not moving with bitcoin like usual tells me that automated market makers are reading the same signals. Be wary of any incoming pump as it'll be on very shaky grounds (ie lots of paper hands ready to sell at the first sign of trouble). However keep in mind this market is unusual and obviously manipulated so anything goes. ...

EhhEhhRon

Curious to see if this one on the hourly plays out or not

EhhEhhRon

Straight forward chart. Potential resistances are marked. Failure to break first resistance and turn it into support (within the next week) could result in further downwards movement.

EhhEhhRon

As mentioned in my previous chart where I brought this up...these 2 structures are on the same support and exactly 6 months apart from each other. A lot of the alt's have exactly the same set up right now. I know a lot of the "technicals" say bear but I'm feeling pretty good about this set up. However those are just my feelings and not financial advice! Also...

EhhEhhRon

So far this trade has worked out very accurately. I have updated the previous idea by adding in a support (blue line) that we could potentially bounce off of (green line).

EhhEhhRon

Obviously the fundamentals of the coin aren't there but trading patterns still apply. It's not a perfect cup and handle but I believe it'll play like one (either up or down). Could be a nice grab while the rest of the market is limbo. I'd suggest a very tight stop loss...

EhhEhhRon Updated 

Just an idea. NoT FiNaNcIaL aDvIcE!¡!¡!¡!

EhhEhhRon

While not EXACTLY the same...the structure developing starting on June 20th is similar to the one that developed Jan. 20th to Feb 1st. Something to keep in mind.

EhhEhhRon

I was up late last night and early into this morning watching the market trade on different exchanges. The spreads that market makers were using were massive and the seemingly endless buy orders rolling in suggested they were artificially pumping the price. Specifically pushing the market past some VERY key significant resistance and indicators (RSI) as...

EhhEhhRon

Clear break out on the ETH/BTC pair. It'll be interesting to see how much capital starts flowing out of the #1 asset (BTC) and into the #2 asset (ETH) this summer.

EhhEhhRon

Pretty noticeable channel we're in of which we're about to test the bottom of. If it breaks down, I expect further down movement to our nearest solid support. Otherwise if we bounce we'll probably continue along this channel for a little while.

EhhEhhRon

XLM is imho criminally undervalued. From just a speed, cost, and efficiency angle....its one of the best in the game. And as you can see from this chart...it's ready to fly. It has successfully landed on the 400MA just as it did back in September. Oddly enough, even the RSI has landed in the same place as well. These are very bullish indicators moving...

EhhEhhRon

No one seems to know what the internet computer actually does and it's RSI is topped out. Might seem crazy to short something that is already down 60%+ this month but that is what I'm doing. Market makers can only pump this so far when no one is buying. Taking 50% profits at the first red circle and then the remaining 50% profits at the 2nd red circle.

EhhEhhRon

Or something else? Someone call Tether and find out.

EhhEhhRon

15 min chart. Pretty self explanatory. Worst case scenario, I do not think we'll go past the lowest support showing (29k)

EhhEhhRon

Since our initial fall in May, RSI has remained on a line of upwards support that was converging towards our long running line of RSI divergence that has been in place since New Years. That upwards support was broken on the 21st and it is looking like we most likely won't reclaim it. The potential move resulting from this could be very devastating and quick. ...

EhhEhhRon

Quite the symmetry that the 3 have created through the 1st half of this year. Today could potentially be a very important day. Who do you see taking home the prize? The Bulls? The Bears? Perhaps Mr. Crabs?