Many might feel that this is an excellent time to buy, but I expect another 10-15% drop in price for BTC over the next week at the minimum. Never catch a falling knife! Across the board, we see high-spread ( high-low ) candles that only grew as time progressed for altcoins. This indicates a massive supply-demand imbalance where a ton of supply is coming into the...
We are on our way to $1400 for ETH and then I expect the price to come back down to retest the lowest lows and there is a high probability for the price to break down lower. ETH's price agreement is for a fall to around $1100. There is a lot going on in the market and it's been sideways for a long time. The market has been waiting for some stability but isn't...
Today we got some excellent news for Crypto from the UK. twitter.com Is this the start of a bull move or a great opportunity to short? The regulation of Crypto is no surprise to many of us and especially institutional traders and big hedge funds. We expect retail to buy as large funds sell, leading to a decline in price as institutional traders take their...
It's been a difficult couple of days with high volatility. However, the market is producing enough energy and momentum for ETH to make its way up to at least $1470 level. The market broke through very strong resistance to be where we are right now. I believe another short-term bounce will be made, and the perfect long entry will be around $1450. Overall the...
We are seeing a lot of confusion in the market with the inability of the market to make a clear direction. However, on the short-term cycles, I believe we have a bullish opportunity that will take the price back up to $1800. Based on the cycle length, this trade could take about 7-12days to complete. For the day traders, bullish scalping trades are advisable....
ETH is now going on its last bullish push, it seems. From the market tilt and pull point of view, ETH tilted to the bullish side, and we have the market pull in a bullish channel that's continuing to pull the price upwards as the title will most likely hold and stay on the bullish side for a few weeks. We will have long opportunities in this trend. ibb.co Magenta...
When looking to figure out where the price is going for any asset, it's important to know the market as a whole and the general direction. I've created in this example my own composite of what I define as the market. As you can see, we are very much on our way down the bubble bursting cycle and the decline is as symmetrical as the incline. Most likely this fall...
The question for many of us is, is it time to go long? In the past week, I observed the market tilt switching from being strongly bearish to being strongly bullish (ibb.co - gray line off of the middle axis). There is now a high probability of us seeing PA similar to that of March/April, as I've illustrated on this chart. Based on the current momentum, PA could...
We are seeing the completion of the short-term bullish wave on M15/H1 timeframes now. Bullish weakness is here and soon will be taken over by the H4/D bearish energy, and the price will be pushed back down. Once the wave aligns with the Weekly/Monthly bearish energy, we will see the price get pushed down another 40-60% from where we are at by the end of the month....
We are now at the last leg of this bullish wave, and it's losing momentum. As you can see, this current bullish wave is making less of an angle than before. We also have strengthened the downward force, as indicated by the trendline angles becoming steeper. This tells me the next wave down will be much stronger and steeper. For the bulls, the next couple of...
Currently, BTC is displaying bullish weakness along with the altcoins. I expect the price to drop at least to retest the 19k area. Depending on the overall market sentiment, 19k level could hold. However, if the market turns bearish, BTC and other cryptos could fall much lower and come down to the 18k territory.
Today we have a bullish day with many coins being pumped. This represents an excellent opportunity for us to short some coins. Some are weaker than others and have greater bearish strength. ETH is one such coin, and I expect it to go much lower over the next few weeks and months. If you want to play conservative, you can take profits at around 5% of the target...
Today's pump is slowly coming to an end. This gives us a great opportunity to place some shorts. I expect LTC to move much lower than 12% from where we are at.
We have a short opportunity on APE coin. Today we have many coins pumped and I don't expect this to last. This is a great opportunity for a low-risk short trade.
First of all, sorry for not posting in a while. I've been busy making improvements to the trading system. However, my overall position on BTC hasn't changed since my last post. I expect BTC to continue its fall towards $16k at least. You can read more about it here. As for ETH, it's currently experiencing extreme selling pressure. The high volume isn't here...
I think you will find this chart pretty self-explanatory. There isn't much of any support beyond $30k if we are to break down lower. We will most likely get a very short-term bounce, maybe a revisit to $40k, but the downward momentum is far too high at this time. Fear is extremely high. The shakeup with LUNA reduced further confidence, so I believe we will soon...
Two days ago, I posted how the market is tipping over to the bullish side. Today is a continuation of that post. If you want to look at my previous post, please take a look here. The volume weights for today to recreate this exact chart are the following (enter it in symbol...
The above chart represents the market. This chart consists of BTC, NASDAQ, OIL, GOLD, and the interest rate. We see a clear head and shoulder pattern with the neckline still intact. However, will it hold, and if it breaks, where will it go? Is the bubble finally about to pop? Will we go down 30-70% more? We experienced high volume selling this week and high...