YEHOK

YEHOK

Hello all and good day to everyone. BTC has been in a rising consolidation after the sell off following our recent high of around $10,400. We have now just hit the up-sloping support level with the third bullish divergence on the RSI granted we stay above the previous low. We would expect now for price to reverse from here back up to the resistance line and even...

YEHOK

HELLO ALL AND GOOD MORNING TO EVERYONE! First I would like to start off with a quote from a famous economist named John Maynard Keynes - " Markets can remain irrational longer than you can remain solvent." With all the indicators from price action, volume, momentum oscillators and order books, the unexpected can always happen leaving us dumbfounded in the...

YEHOK

Hello all and good evening to everyone. BTC is now in a rising consolidation pattern after falling from the recent high. Possibly setting up for a golden retrace or higher. Not trade or financial advice.

YEHOK Updated 

HELLO ALL AND GOOD EVENING TO EVERYONE. Here is a short term outlook for BTC and a potential play we could be seeing. Next target will be at the upper trend line of the triangle around $9,700. We should be careful for early attempts at breaking this resistance early as it would likely lead to a harsh rejection and failure of the pattern. After reaching the...

YEHOK

Hello all and good afternoon to everyone! In previous updates we discussed this pattern playing out and seems to be heading towards the neckline at $10,500. Fundamentally BTC sentiment could be reaching a major high point that could very well push it over the edge in a bad way - at least short term. This would however be ideal for swing traders trying to increase...

YEHOK

Here is an idea for a short term move.

YEHOK

HELLO ALL AND GOOD EVENING TO EVERYONE! In the last update the CME gap was brought to attention. We have thus far made our way up in attempts to fill this gap and will most likely continue until filled. Now, putting that aside and looking at some key similarities in price action along side technicals to determine the potential mid term outcome. The last time...

YEHOK

One way or another this gap is going to be filled. Not a matter of IF but WHEN. Not financial advice.

YEHOK

HELLO ALL AND HAPPY WEEKEND TO EVERYONE! This halving hype has played out as expected. I have been anticipating this move towards 10.5k for some time now. As illustrated in previous ideas, we are reaching a technical resistance as well as a fundamental one. The majority are JUST now getting bullish as price has hit its 10k resistance. This rising channel is...

YEHOK Updated 

Hello all and good day to everyone. Technically and fundamentally this pattern is making sense as of right now. Not financial advice.

YEHOK

Hello all and good day to everyone. Please reference my idea posted on march 30 titled "Weekly view, Bulkowskie's descending broadening wedge". I have been anticipating a particular pattern to be playing out. The first thing I want to go over is a simple chart but looked at in a different way. Nothing fancy about it what so ever. The Heiken Ashi monthly chart...

YEHOK

Hello all and good afternoon to everyone. The last 2 candles closed as reversal doji candles with today's candle looking to be the same. This is suggesting a local top and move back down to the .5 fib for support and bottom of this rising channel. Considering that we are above the 55D EMA and a golden cross of the 21EMA is imminent, it is probable that any fall...

YEHOK

Hello all and good evening to everyone. We have seen a relatively strong move up recently however for ETH we are still below the 0.5 Fibonacci retrace level. Even if we do have another move up to the supply zone near $200, taking the bearish divergences into consideration it seems unlikely that we close the weekly candle above the 50% retrace. The rising...

YEHOK

Hello all and good afternoon to everyone. Following this rising channel it seems support has come in once again showing the possibility of one more touch at the upper line near our previous high of $7,450. A break of this high would bring price upwards of $7,600. Otherwise a decline after meeting the resistance is expected. Not trade advice.

YEHOK

Hello all and good day to everyone In the last update it was discussed that the 55D EMA at $7,215 was acting as a resistance point currently. Again today price has failed to hold above this level so far. 1H is still in a rising consolidation pattern expected to break to the downside. Not trade advice.

YEHOK

Hello all and good evening. Measured move would bring ETH back to the $240 range. One thing to note in this pattern is the rising demand and volume that has come at the apex of this wedge. Normally we would see the volume declining at the apex, especially buying pressure. In this case the pattern attempted to break down but failed thus far. Currently above the...

YEHOK

Hello all and good evening. XRP broke from a descending channel and consolidated bullishly just above its channel resistance line. Not trade advice.

YEHOK

HELLO ALL AND GOOD DAY TO EVERYONE. After breaking the downtrend resistance mentioned in the previous update, BTC was unable to follow through due to the 55D EMA. Only dipping into the supply zone just above. We are now consolidating just beneath it. On the 4H chart we can see some indecision after attempting the above mentioned EMA The 1H chart shows us...