Monis

Monis

All the bounces out of $6000k reached 61.8% retracement... why not this one ?

Monis

I see a trendline break and MACD is crossing to the upside..

Monis Updated 

Hard to say if it stops at the trendline but bounce so far looks corrective.

Monis

ETH Daily: Similar situation here. Lots of supports here that could create some short covering. I see the 76.4% fib retracement of the whole move higher from April at $443 plus the trend line support. A bounce here, would not be inconceivable; broadly though, bearish outlook remains. #notaninvestmentadvice #pleasedoyourownresearch

Monis

BTC Daily: Market could be entering on to a bouncing mode. I see positive divergences above $5900 support and there are levels we have to test as resistances (mainly old trend line support which are now resistance) before we continue lower. Enjoy the bounce, as short covering develops. Hard to say how much it will last or how far it will go but I think it will be...

Monis

ETC is showing a buy signal on MACD as we speak after being indecisive for the last weeks with a clear nice positive divergence on the daily chart. Watch this space.

Monis Updated 

BTC 4h Chart: I see a Gartley Bullish formation on the 4h chart on BTC. this is a short term development and does not change my overall stance on BTC. I am wrong ont his one if point X gives in. As long as the lows hold, this is a gartley bullish set up. First target will be $7323 whereas the second one will be point A at $7778.

Monis Updated 

BTC Daily: BTC has found a base just above $7000. I am not convinced that headwinds for BTCUSD are over and the range of the last 4 candles on the daily chart seem to me as corrective rather than impulsive, let alone the declining volumes. I can not ignore the fact that MACD is giving a buy signal and that is the only reason I am not keeping my outright bearish...

Monis Updated 

ETH/USD Daily: MACD has been showing a sell signal for some days now and just like the BTC, I have turned bearish on the Ether. ETH 4h: However I see that on a short term basis on the 4h chart, I can identify a bullish Gartley formation. I am therefore prompted to believe that as long as point X at $598 does not give in, we have good chances to see a bounce up...

Monis Updated 

BTC Daily: I know I have talked about $10,526 the last few days but I am starting to have second thoughts about those levels... MACD is now showing a sell signal and the break out above our bullish bat target at $9650 is starting to look like a false break. We need to look at the daily close to be able to tell with accuracy but it does feel like MACD is about to...

Monis Updated 

TRXUSD has reached the Reverse Head and Shoulders Target. Perfect levels to get some profits of the table. #notaninvestmentadvice #pleasedoyourownresearch #justmyownview

Monis

Divergence on the weekly chart is massive... watch this space... this could fly long term... #notaninvestmentadvice #pleasedoyourownsreach #justmypersonalview

Monis

ETH: I was wrong on this one. Sellers were not able to push this lower. The good thing is that I never got the confirmation on MACD and the Rate of Change to call this bearish. After the recent breakout, any dips down to $711 should be bought. We are starting to see impulsive upward movement on the daily chart. As long as the MACD continues to be on buy mode, in...

Monis Updated 

ETH Daily: We have now broken the orange trend line which we discussed yesterday and that clears the way for further downside. I see next support at $557.69 and if that clears there is nothing to hold this until the 76.4% fibonacci retracement from the whole upside wave that started in April at $443,74 . Watch the rate Rate of Change (ROC) going below zero and the...

Monis

BTC Weekly : I have a couple of concerns that I would like to share. Looking at the weekly chart, I see the last 3 (weeks) candles have been corrective and not as impulsive as they have been on clear bull runs like the ones we experienced in November and December. Below you can see some examples of some impulsive candles (blue circle) and some corrective candles...