TheForecasters

TheForecasters

BTC seems to trading in a small up trend channel on the 1hr TF and is currently struggling with resistance at the 52 000 dollar area. If BTC doesn't overcome this area soon it might come back and test the 50 000 dollar area as support. This would be a very nice place to ladder some longs for BTC as it lines up with the bottom of this 1hr channel and the green...

TheForecasters

ETH is once again trading at the top of this massive up trending channel and has been trading in the top of this channel for more than 16 days now. I feel ETH needs at least a 15% correction which would bring it the bottom of this trading range and would be a healthy indicator of this trend continuing upwards. If this does not happen ETH can pump straight out of...

TheForecasters

XMR seems to have broken out of this ascending triangle quite early and we were hoping for another rejection of this resistance as it would have made setting a momentum long order very interesting. Seeing as this did not happen and XMR broke up earlier that expected I was not willing to trade it but it is already back at the top of this ascending triangle which...

TheForecasters

LINK has just been ripping away at the market and is making massive moves every few days. Even though these large moves are not only to the up side but quite considerable moves to the downside as well this makes LINK a bit more risky to trade in my opinion. Having said that if you do find a proper entry and plan accordingly you can reap great rewards from this...

TheForecasters

ADA has seen some incredible growth in the last 2 months and it is definitely not about to stop. Here we can see ADA trading a beautiful ascending triangle and a break out to the upside of this triangle would send ADA past the 1 dollar mark for sure. We are very ready to trade this and hope you are too. Here is how we will do it. We will see if the 0.88 cent...

TheForecasters

YFI has made a massive new ATH by nearly 30% and is now trading right back at the previous ATH level. This can be a great sign for finding support at this level and we can see more growth to come if this level holds. Here we can see YFI trading in either a symmetrical or a descending triangle pattern, both of which would need clear confirmation before trading...

TheForecasters

EOS is finding proper support around the 950 sat level which is perfect as this level acted as resistance numerous times before this. So seeing this turning into support was more than expected. We are currently looking at laddering some longs around this area as it can offer a great R/R ratio trade. We will keep you updated on our...

TheForecasters

LTC has clearly overcome most of its major resistance levels below the 200 dollar area. It is now trading above this area and if it manages to turn this into support it will be great sign and a great start to ATH's. LTC is currently trading in a descending triangle and is making lower highs. A break out to the downside of this triangle is very possible and a...

TheForecasters

BTC seems to be trading in a rising wedge which in theory is a bearish signal and price usually breaks out to the downside. Couple this with the bearish divergence we can see on the 1hr TF we could say that BTC is looking more bearish than bullish, however BTC is trading very close to 50 000 dollars and did touch it earlier today. Seeing that BTC didn't get a big...

TheForecasters

ETH is currently trading in a symmetrical triangle and is getting very close to the end of it. This means we should see some volatility soon either to the upside or the downside. I think if ETH can turn this 1800 dollar area into support it can easily break to the upside. If not and rather gets rejected here a break out to the downside is more likely. Which in any...

TheForecasters

EOS/BTC We are setting a momentum long order for EOS. It has tested this resistance again and every time it tests this it will get weaker. Our Order is placed so that if EOS wicks up it shouldn't wick is into the order and trade lower although this is still a possibility. Pros for this trade: EOS is at a very low price and we are attempting a trend reversal...

TheForecasters

XMR has overcome a major resistance area and we can definitely see the start of a proper run here. We are looking to ladder longs once XMR has come back and tested this area as support. This will offer us less risk on our position and more reward. XMR has not even started its bull run yet and has a long way to go to get there. We are looking at capitalizing on...

TheForecasters

We have recently seen a massive breakout for BTC and this is amazing as it has reached new ATH's. I feel BTC is due a correction down to the 41 000 dollar area to test it as support. The reason for this is that BTC doesn't have much support until the 31 000 dollar area. and if supports at this level don't hold up we can easily see it coming down to the 31 000...

TheForecasters

This is an interesting look for ETH on the 4hr TF. We can see it running in a nice parallel channel and it is currently at the top of this channel. a correction to the mid line of this channel lines up with both the 1600 dollar area and the top of the green ichimoku and the bottom of this trend line, lines up perfectly with the previous resistance at the 1430...

TheForecasters

ETH/USDT We are laddering a long for ETH at a potential support level. ETH has just made another ATH at 1820 and if it comes back to retest this level as support we can ride it back up to new ATH's Pros for this trade: ETH is very bullish and can follow BTC easily from here. It's making new ATH's almost every day now. Cons for this trade: ETH can come down to...

TheForecasters

BTC has just seen a massive breakout to the upside and went up more than 15% from its previous ATH, making a new ATH above 48 000 dollars. This is brilliant. On the other hand we believe BTC needs to establish proper support down at the 41 000 dollar area where it had previous resistance. This area also line up perfectly with the top of the green ichimoku cloud on...

TheForecasters

ETH made a new ATH at 1780 dollar area. It is still trading close to this and seems to have found some resistance here. We can see that ETH is trading within an ascending triangle and can easily break up to the top setting new ATH's yet again. It would be nice to see ETH test the bottom of this pattern at around the 1630-1650 dollar area, but it seems more likely...

TheForecasters

LTC is trading in a very large descending triangle which in theory is bearish. If the support on the bottom of this channel does not hold, which has already been tested more than 10 times on the 4hr indicating that it is losing its strength with every test. This might be the last time this support can keep LTC here and if LTC breaks this support and trades lower...