Hello fellow traders/investors, I have seldomly seen a cleaner technical picture of an asset. Target of this 'bazooka' is around 40 dollars, depending on the pace of the move. RSI on the 4h chart is rather high, which is not necessarily a bad thing going forward. On the contrary, it's rather typical for a bullishly trending asset. It's also noteworthy it's not...
Dear fellow traders/investors, recently I posted my bullish outlook on XLM vs USD (view link). I had 'promised' there to add a chart on the XLMBTC pair shortly after, I failed to do so. Better late than never, here it is. The chart speaks for itself, really, I don't think many words will clarify the bullish narrative painted by the picture. I will try to update...
I have posted some XLM Ideas in the past (view links for some of them). In this new Idea make the case for XLM reaching at least 1.4 dollar. As we can see, XLM follows a clear technical roadmap within a parallel channel . XLM has witnessed some resistance of the former high recently, but is absorbing a we speak the downwards pressure. Once the former high is...
Pretty clear setup technically, 70 percent chance imo neckline of the inverse shoulder head shoulder pattern will be broken, and the subsequent target I dare to put around 54K. I will update short frames going on from here, I needed a fresh entry to do just that. ;) Under 51400 (except for a pierce and bounce scenario, we know those kind of irritations, it's...
I know it's about opportunity costs right now. So many alts are positioned super sweet vs usd AND vs btc as well. To name a few (the ones I have in my portfolio, yeah I am biased, a little ;-)): LINK, ADA, NEO, EOS, BNB, XLM etcetera etcetera. Iota has not gotten much love recently. It deserves some love right now in my humble opinion. This is a chart which...
We had to wait quite a long time for BTC to shape a large consolidation pattern. There was some morphing of minor patterns involved along the way (which bears the risk to confuse traders including me) . To me this is the clear and dominant picture for now. We have a ascending broadening wegde in play (call it a 'megaphone' if you like), a shoulder head shoulder...
After a very nice recovery from the 30k area to the 40K high area, we could have expected some resistance at the area we are trading now. That's no rocket science. Hence we are witnessing that resistance in play right now. It's always a bit 'wait and see' which tradeable pattern eventually unfolds (sometimes a viable looking setup morphs into another slightly...
Price action lookin' sweet. We need confirmation. Break of upper downwards sloping trendline gives that. Inverse shs figure if you would like to call it that (I even don't dare to call it that, after some bad ishs experiences last weekend and Monday in particular, but this looks sweet, simple as that. Let go and take control!). Not much time to post a large...
Bulls seem back firmly in control after a major pullback that swiftly drove price down to the ma50 4h (margin liquidation in play). Price dropped even a little below that, quite exactly to the first major trendline support around 34k -35k area. Please see my picture in the updates of my previous BTC idea. (see link attached to this idea). V - shape recovery style...
Zoom in 15 minutes. A bullish looking setup with the ma50 now acting as strong support. Ma20 is probably going to stay above the ma50 and imho all systems are go to attack that so important 0.000012 level again. MOON is above that, but let's take it step by step from here. I rather don't see price trade below the ma50 very short term (except for a spike candle...
Please see my previous ideas on BTC USD for the background of this idea. In this idea I zoomed out to the 1h chart, but the 15 min would give pretty much the same picture (of course, I hear you say ;-)). Previous ideas featured a parallel channel. The upper line I have still in play as featured before, under I have made some modifications, as I feel recent price...
NEO is lagging in the space today. Its stays a difficult token cause I still see some pretty great downward risk on the chart. Risk management and finding a entry spot through analysis of the lower (5-15 minutes time frame) is the key when going for a long in this region. But it is a setup that in my experience from here could very well turn out to be very...
See my previous idea for the background of this update. Price has indeed retraced as could have been expected. It found support at a very logical area. It's bouncing in a short range on that under trend line of the parallel channel . A resolution up- or downwards should occur soon. Given the setup, I prefer a bullish outcome. Chances are substantial we move up...
On 15 and 1h frame clearly to see heavy resistance in play now. Bullish momentum is high, it's not an easy slam dunk winning short. But it's at least caution time. Personally long term holdings are not affected by this possibility of a retrace, with momo so high surprises occur at the upside and you don't want to buy back in higher and chasing. At least I do not...
Bitcoin probably is going to pump even further, neckline break for confirmation. Ps it's 15 minutes frame, for some reason I can't edit the title.
Chart speaks for itself. Harmony in play big time. MOON in play. Above 0.000012 we don't need rocket fuel anymore, we are free flowing.
My first idea posted on January, 1 was about the possibility of an upwards move of XLM versus BTC. As you can see, that upwards move has materialized, after a tiny final wave down towards the same support has occurred. We subsequently broke out of the wedge like pattern and accelerated towards the first resistance zone. Where we are now, you see on the chart...
I was a little bit too early three four days ago (it happens, we all know that as traders) when making the case for a bullish XLM move. A tiny wave down occurred (in usd it even was a higher low) but if you look at the pattern of the price movement, it's harmonics in play. It's even better now than it was. MOON is the target now. This is XLM versus USD. Next idea...