Trader_hao

Trader_hao

Did a TA on ETH/USD. It seems like ETH is consolidating towards $605 based on fib 0.236 levels and also consolidation point after charting support and resistance level. Not only that, the volume these few days are pretty low and its a good sign because i strongly believe that for the crypto market to mature and fully grow, we need some sort of stability before...

Trader_hao

Did a TA on NEO/BTC and sees a strong support at 0.0066 BTC. There is also a formation of a descending triangle which is usually bearish. However, that said, I think NEO will do well long term and is one of the main competitors of ethereum. Good entry will be at 0.0066 BTC but we will only be able to determine if its gonna breakout upwards or downwards with more...

Trader_hao

BTC is consolidating and BTC represents a big part of the market being the one with the highest market cap. However, I think short term BTC will go up but whether or not it will do a huge spike or huge dip in the long run depends on what happens when it consolidates near the end of the trend.

Trader_hao

After doing a TA on ETH against USD, it does seems like ETH is fluctuating between the levels of $640 and $710. $670 appears to be the place where ETH is finding support within the band itself. If ETH was to break $710 with a high volume/big green candle, there might potentially be a breakout. Right now, it also seems like the cryptocurrency market is experiencing...

Trader_hao

After doing a TA on ETH against USD, it does seems like ETH is fluctuating between the levels of $640 and $710. $670 appears to be the place where ETH is finding support within the band itself. If ETH was to break $710 with a high volume/big green candle, there might potentially be a breakout. Right now, it also seems like the cryptocurrency market is experiencing...

Trader_hao

Did a TA on BTC using a 1hr chart and could see that its on a mini upward channel and its currently at the bottom half of the channel which usually means its a decent entry. Not only that, there is a tug-o-war at the $9,000 point and we can see that the price of BTC is constantly hovering around the range. However, it seem that BTC is finding support at that point...

Trader_hao

Did a TA on TRON (TRX), a good entry point at around 865 sats. It is also showing some form of consolidation but although i'm not a fan of TRON (because its frequently over hyped), its mainnet will be released at the end of MAY and i believe that will potentially drive the price of TRX upwards. Recommended stoploss : 750 sats

Trader_hao

$ETH has had a good long bull run on BTC and as BTC goes higher, ETH went even higher and thats why i wanted to chart ETH/BTC to compare the gains. Good entry for $ETH now at 0.08 BTC.

Trader_hao

BTC is currently testing FIB at 0.5 levels - approximately $9,200. Thats the "make or break" point and if BTC falls below $9,200, could drop to mid $8000 range. But I'm still bullish on crypto short term in general because its been awhile since we had FUD. Market sentiments is just looking bullish currently. If BTC stays above $9,200, potentially hit $10,000 in...

Trader_hao

Did a TA on ETH/USD. ETH suffered a sharp dip from approximately $710 to $610, 5 days ago, similar to most coins. Right now, its showing signs to recovery and i think the sharp dip was attributed to the bull run that happened for the entire of last week. Based on the charts, it looks like it might be heading up in this short uptrend channel. However, if it breaks...

Trader_hao

Did a TA on Ethereum against USD. Seems like ETH prices is abit high now and potentially might retrace slightly before continuing the uptrend again. In the event price of ETH falls, good entry at around $600. Either way, market is doing well so far and hope it continues!

Trader_hao

Flags and Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a midpoint of the move. Sharp Move: To be considered a continuation pattern, there should be evidence of a prior trend. Flags and pennants require...

Trader_hao

In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. This pattern is comprised of three component parts: 1. After a long bullish trends, the price rises to a peak and...

Trader_hao

Use the Fibonacci Fan to analysed ETH/BTC because of the upward trend it is going through right now. These fan lines can then be used to estimate resistance levels or potential reversal zones. Seems that even though BTC is going up, ETH will be heading up more than BTC over the next few days. I am currently entering more positions into ETH right now.

Trader_hao

Did an analysis on BTC/USD. Seems to be forming a bullish pennants. Looking for it to head to $8,500 soon. Bullish pennants occur just after a sharp rise in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows. The uptrend then continues with another similar-sized rise in price.

Trader_hao

Bullish breakout after some consolidation in the triangle. High volume confirmed the breakout!

Trader_hao

Bullish on XMR for the next 2 weeks. Forks incoming + Monerov supported by HitBTC

Trader_hao

Plotted a chart against USD as well. Seems like ETH had a good support between $360 - $400 (rule of round number) and it breached the $400 resistance just while ago. Right now, standing at approximately $420, still $1000 down from its peak earlier this year. However, if it manages to stay above $400 for a longer period of time, $400 might become its new support.