FetchTeam

FetchTeam

At the moment of writing this article, Bitcoin is breaking structure. According to the Fetch Trends indicator, we've also established a new uptrend. Now, this does not mean we kickstarted a new bull run. What this possibly could mean is the end of the falling trend, and that we can expect to go sideways from here. If the bottom is not in, 12-14k are my next...

FetchTeam

A small follow up for the bullish case of the SPX: We're still in the resistance zone, located below the resistance line of the bigger falling channel we're in. Now we've seen the first rejection of the upper part of the resistance zone, however, we just shot right back in. That is still bullish. Right now, the bullish case for the SPX is still in play, and im...

FetchTeam

In the last SPX post, I started to doubt my bearish scenario of the index, by saying that the price looks bullish on the short term. Now that we've seen a short term pump to the resistance, I wanted to give an update. Right now, the upper level of the resistance zone has been touched. This begs the question: Are we going to see a break of this resistance zone. If...

FetchTeam

Observing sentiment on social media has tought me one thing: Almost everyone is bearish on the cryptomarket, and almost everyone thinks we should go down. Now, I am not dismissing the possibilty that the price could/should go lower, but I also think that timing the market is not worth it anymore. Historically speaking, we're at the point where a bottom is in,...

FetchTeam

According to my free indicator "moving average sequential strat", Ethereum is a buy. Two days ago it fired off a buy signal. If we combine that with the positive price flip of the Fetch Trends, and we have a high probability that the price will go up. Get both indicators for free, by clicking on my profile.

FetchTeam

Ethereum is creating a textbook wedge pattern, indicating a breakout soon. The only question remains, to which side? In my experience, these types of patterns are bad in prediction the direction of the next move. The way I use them is to guess on when the next move may occur. And as far as i'm conserned, we're nearing the end of this pattern, indicating we can...

FetchTeam

In my last analysis, I presented a bearish scenario for the SPX. I was convinced that the index would drop because of the following reasons: 1: The price is falling within an hugh falling channel. 2: In that channel, the price recently made an rising wedge, which broke bearish, making it likely that the price will continue to fall down. 3: SPX broke the...

FetchTeam

Bitcoin has made a bullish divergence on the weekly rsi, meaning the price went lower while the rsi is making a higher high. Not only do we see a bullish divergence, the divergence is happening in a falling channel. The only thing missing is a third confirmation of this bullish divergence. That confirmation can happen in 2 ways: 1: making a lower low on the...

FetchTeam

My last two posts were about the SPX and AMD and their falling channels, which are my favorite patterns to trade. They follow an easy concept: They stay in their channels, untill they go sideways on an important support level, preferibly on a bullish rsi on the daily or weekly chart. I spotted one on the DPZ weekly chart, so I had to make a post about it. I can...

FetchTeam

AMD is down 60% from its all time high (ath), and even went so low as 67%. Things are looking grim for the tech stock, however, things may start to turn around sooner than later. This down trend has been going on in a falling channel, which is my favorite pattern to trade. Judging from the magnitute of the decline of the last couple weeks, it seems like the stock...

FetchTeam

The SPX is chilling in its falling channel, which at this point is still bearish. However, the last low was formed on a bullish divergence on the weekly rsi. As we can see on this chart, using Fetch Trends, an indicator made by me, we can also see that by the change of colors that the downtrend is becoming weak! This is good news, because if the trend...

FetchTeam

In the most recent events, Bitcoin has touched the lower levels of the resistance zones before it continued to go down. This gives us two likely scenario, both of which are indicating Bitcoin is going lower. The first one is that, from here, Bitcoin just decides to go lower, without going up again. The second scenario is that Bitcoin will make a slightly higher...