Taiwan_Bear

Taiwan_Bear Updated 

Hi All, It's been a while since my last update on SPX500. I have been waiting for SPX to retrace back to around $2695 but unfortunately it didn't happen. And, the huge drop that happened 2 days ago was something that I certainly not expecting. Something that I want you to notice is the drop 2 days ago, has confirmed the formation of the massive descending...

Taiwan_Bear Updated 

Hi All, If you have seen my previous updates on BTC, you would have known that I have been expecting BTC to bounce back to around the 7.6k - 8k price level. Hopefully I helped a few of you who were deciding to open short positions when BTC was @ $6900. So, the inverse h&s played out, break above EMA20 as well as the trend line, but then got rejected by the...

Taiwan_Bear Updated 

Hi All, As you can see from the chart, ETH is about to hit the blue trend line in which it will act as a strong resistance. In fact, if you look at the bear flag on the left, the trend line was already confirmed as a strong resistance. If you also notice the direction of EMA50, you can see that EMA50 is heading towards the blue trend line, acting as another...

Taiwan_Bear Updated 

Hi All, As expected, the first support @ $7230.5 (the yellow trendline from my previous post) was not strong enough to hold the drop and start a new bull run. The above chart is something that I updated on my Twitter yesterday, in which I envisaged a possible formation of a bear flag. Nothing much has changed since, Below is the link to the thread:...

Taiwan_Bear Updated 

Hi All, As promised, I am writing this post to reveal the secrets on BTC – “$4436 BETWEEN 12-14 APRIL”. I was going to wait until the price retraces back to test the top of the downtrend channel , but unfortunately it ain’t look like it’s going to happen. So, I thought I should post it right now to help those who are still going for long. If you have been...

Taiwan_Bear Updated 

Welcome to the Taiwan Bear talk show again, Before I start this TA, I would like to thank you for those PM me and said thank you. That was the motivation for me to continue to post my ideas. So, once again, thank you. Now, let’s look at the graph, if you have seen my updated idea yesterday, I have showed you the possibility of the formation of a symmetrical...

Taiwan_Bear Updated 

Dear followers, It looks like BTC is following my original predictions to the bone. The logic behind the predictions were explained in my original post (link below). For those didn’t follow me, you are welcomed to go back and have a look of my previous TA on BTC. The only difference in this updated post is that I have highlighted 2x potential reversal points of...

Taiwan_Bear Updated 

Hi All, As I predicted from my last post, SPX crashed, much sooner than I expected. I see many people talking about news and fundamentals, but to me, it's just TA. The set up is there, the downtrend is clear. All the news are just background noise. If you have missed the last boat, there might be another chance in the next couple of weeks. My explanation of my...

Taiwan_Bear Updated 

Hi All, I hope you have enjoyed my last post on EURUSD, and if you have followed my idea, you would have got yourself around 100-115 pips by now. And if you have followed my previous ETC post on the 10th March, you would have made a nice profit of 37%. Before I start, I want to emphasise this is just a speculation, the crash may never happen. However, the...

Taiwan_Bear Updated 

Dear followers, I just like to give you an update as BTC is currently testing EMA20 & EMA50 as support. If you have seen my previous post, I have shown you that the drop is expected. Previously I have sold some of my buy positions between $9028 & $8875 (highlighted in yellow). So right now, I can decide whether to re-buy my positions @ around $8650, or I can...

Taiwan_Bear Updated 

Hi All, If you have followed my previous post on ETC, you should have made at least 33% profits (Buy @$14.625 and sell @$19.5) by now. Currently there are two fib retracement scenarios that could play out and there is quite a difference for the ultimate target price between the two, one indicating a target price of $22.7 & the other $24.68. I would think that...

Taiwan_Bear

Hi guys, I won't be explaining too much about the graph as I am simply applying the same logic as explained in my last BTC post. Ultimate price target is $196.29. Please note this is not a trading advice. Taiwan Bear

Taiwan_Bear Updated 

Hi All, Once again, welcome to the Taiwan Bear talk show. If you are looking at my post, congratulations, you have just got yourself into a “Taiwan bear trap” LOL……(silence) So, is BTC going down? No – it’s not going down. It’s just a retrace like I have been saying since the recent dip. Instead of giving you two directions which I would normally do, I told you...

Taiwan_Bear

Hi All, For the past two days I have been studying on how to apply Fibonacci retracements properly. I can see that quite a few traders, when they apply the Fibonacci retracements their Fibonacci Reference Points are not chosen at a great reference level. Candles cut through resistance levels as if they don't exist. I am not saying that I am good at identifying...

Taiwan_Bear Updated 

Hi all, ETC has dropped 37% since my last post on the 10th March. The direction of the drop has also been closely in-line with my prediction. I also told you to set a SL just below $20. However, one thing that I have to change since my last post is that the ABCD pattern seems like will not pan out as by looking at the status quo of BTC, BTC should have a...

Taiwan_Bear Updated 

The whales played it out nicely once again. If you saw my update yesterday, I told you that the pump was manipulated and I believe it was a bull trap. I even showed you a bear flag before it became apparent. The whales was very smart to set up a break of the small bull flag , within the bear flag , just to trick you. I am sure many of you only saw the double...

Taiwan_Bear Updated 

Dear followers, I know you probably doesn't give a crap about FX and you certainly did not follow me because of you want to know anything about FX. But given the volatility of current Crypto market and its not so promising outlook, I thought it is a good idea to shift some of the attention from Cryptos to FX. This is my first TA on FX and hope you will enjoy...

Taiwan_Bear Updated 

Dear followers, Just a quick update on BTC. Nothing much has changed since my last post. BTC is dropping as expected. The bull did try their best to fight back to the 78.6% retrace @ $8800 but has been rejected a few times. Also, I have added the top of the downtrend channel (green, in log scale) to show you that BTC has not yet broken the downtrend channel....