Taiwan_Bear

Taiwan_Bear

Dear followers, If you have seen my updated idea on BTC yesterday, I have warned you before BTC dropped below $8800. If you think that the dip is over, let me tell you it is very likely that another dip is coming. From my very first post on TA, I have always expected BTC to drop back to at least to $8000 so a new bull run can begin. The whales certainly played...

Taiwan_Bear Updated 

From my previous BTC post, I said that I would expect the bears tried to push down once more after the huge sell off to form a double bottom on the RSI. Then, I mentioned that the FUD about SEC and the Binance hack might be manipulation by the whales to form a replicate of the pattern around the 17th Jan (circled in orange). And now, I am even speculating that the...

Taiwan_Bear

Dear followers, I have abandoned the inverse h&s idea as I can't see any hope in BTC at this moment. It is likely that BTC will drop down to $5850 again or even $2740 before the end of April before the whole market is reversed. Therefore, I would expect ETC to drop and hence why I would expect ETC to follow the ABCD pattern. This means ETC could drop down to as...

Taiwan_Bear Updated 

If you have seen my last post about ETC, I have warned you that although ETC has hit my buy target at $23.5 it could drop further due to the huge sell off of BTC. I certainly did not expect that ETC could drop even further to the next fib level @ $20.85. However ETC was soon recovered. If you look back since May 17, $20.5 - $21.8 has always been an important...

Taiwan_Bear

Hi ALL, Waking up to this huge sell due to news on SEC and Binance hack certainly surprised most of the cryptos enthusiasts. We are currently facing a pivotal stage where it could be death or live. On the bearish side, the bears are trying to push BTC back down to the downtrend channel in which they did slightly pierced through the downtrend channel but was...

Taiwan_Bear

We are now at a very crucial moment. I am kind of dumping the idea of potential inverse h&s. It looks like there is a chance of cup & handle formation. Of course, BTC will need to hold the 50% retrace around $10478 for the cup & handle to be valid. Let's see whether BTC can hold on to that level.

Taiwan_Bear Updated 

As expected from my previous ETC posts, ETC has hit exactly at my target $26.5 and bounced off nicely. I have placed a few positions and will place more positions once ETC becomes more bullish. But if ETC does turn around and drops down to $25, I will just place more positions and go for long. Overall the cryptos market are looking good and are in the...

Taiwan_Bear Updated 

Before I started writing about LTC, I would like to take the time to thank @MagicPoopCanon as he has inspired me to start looking at Cryptos from a TA perspective. I have only started trading since Dec 17, just like many of you who jumped in the Crypto world because of the hype. I had no prior knowledge about any of the TA terminologies, MACD, RSI, trend line &...

Taiwan_Bear Updated 

Likely a new trend line (in yellow) has formed for LTC. The trend line is drawn between the low on the 29th & 30th Nov, as well as the 7th Dec & the 17th Jan. If you look at the recent action, every time LTC touches the trend line, it quickly bounced back. Right now LTC is just bouncing between the resistance (in red dotted line) and the yellow trend line. And...

Taiwan_Bear Updated 

It looks like XRP is about to be out of woods. If BTC does stay above the downtrend channel , I believe XRP will follow BTC. Right now XRP is just lagging a little as all the attention has been shifted to BTC lately.

Taiwan_Bear Updated 

After taking profits from NXS at 45000 sats, I have moved those profits to Siacoin as it looks quite bullish at the moment. The break out from the downtrend channel has occurred and retested as support.

Taiwan_Bear Updated 

Looks like XLM is currently sitting nicely right above the green trend line. This green trend line has been quite reactionary since Dec 17. MACD and RSI are looking slightly bullish. Although we need to see volume to confirm the break out. If XLM holds above the green trend line and break out of the descending triangle, it is likely XLM will go above $0.43.

Taiwan_Bear

ETC has been trying to break down of the 50% retrace for the last 4 candles. Since most of the altcoins are currently waiting for Bitcoin to break out of the inverse h&s, I would just wait and see if ETC can go down to the price range of $26.5 - $27.9 to see how it reacts once it hits that price range. If ETC does bounce nicely when it hits $26.5 (ideally), shown...

Taiwan_Bear

Just post this graph as another possibility where LTC could go. With the Litepay in play, it looks like LTC is forming a bullish flag, as opposed to BTC's inverse h&s. Can't wait to see how BTC & LTC plays out in the next couple of days.

Taiwan_Bear

After reassessing the different possibilities of how BTC would go, I have come up with this graph that I think BTC will go - an inverse h&s + a descending wedge. I still think BTC will retest the 0.786 fib retracement level @ around $8800 as a support. This allows the bulls to have more confidence in breaking up the downtrend channel. Coincidentally, this...

Taiwan_Bear

Things start to look more and more interesting - there is h&s, inverse h&s, bear flag, as well as an ascending wedge. Not too sure which side the break out will go, but it looks like tomorrow is a crucial day for BTC.

Taiwan_Bear

This graph is my amendment to MagicPoopCanon's graph. It's just for my personal reference.

Taiwan_Bear

This graph is my amendment to MagicPoopCanon's graph. It's just for my personal reference.