The strength ETH has shown the past few months, is not something we have seen continue the past weeks. The 280ish has been quite the resistance lately and so far it looks like a big bull flag in the making. We always want to see volume drop during bull (or bear) flags, but usually also want to see some differences within the flag. Like this last push up from past...
Seems to be a real fight going on now between 9250ish and 9400. Some games being played by a few whales, but it's starting to look like a real fight between them, so not working together. Past 2 hours don't make any sense otherwise. So it feels like a very big move is about to happen. The triangle is still in play, where it normally should test the support again...
Looks like a nice wedge forming at a long term support zone here. Going to try a small size now and sit and wait for this to play out. The red zone could still be a resistance. With wedges like these, they usually play out, but they can make a false breakout to the downside first as well. If this happens, it's important to see a good bounce up as well, like a...
Okay everyone, just logging in again and looking for the first time now from the office again. So still a lot more for me to watch before being able to get a good view on things. But for now, seems that Bitcoin has continued that parabolic move i showed a the past week. In my previous analysis i showed BTC and ETH chart, showing a few options. Where ETH eventually...
Previous analysis played out nicely with the bearish wedge at the top. As mentioned it was a bit difficult to judge because of the volume and shape of the wedge, but it played out. So far it has been the high. At the moment it looks like we might be forming a big bull flag, but when zooming in it looks like it won't break up yet. We can see an almost basic...
The whole market has dropped a lot the past week, where Litecoin rallied up to the top again. The whole market dropped a bit past 2 days, while bitcoin is again moving up to the highs. Now at first sight it looks amazing and strong and that it's about to break up. However, there is a very big difference when we look at the volume picture. It seems like we have...
We had some selling volume at the break of that black trend line, the support line of the bearish wedge or triangle. Had a standard retest of former support as resistance and continued to drop. However, it's not really to what i am used to seeing from Bitcoin when the trend is down. Volume is okay, but no real increase with each lower low it was making. So it's...
Previous analysis worked out quite nicely, where it followed almost everything to the point. Have to say, it has not been that easy for a while now. Now when looking at these charts, there is no denying that they are very similar. Making like a double top shape with the red zone being the neckline. Also very identical stages as well with the colored circles. I...
The double bottom scenario from played out nicely from my updated Bitcoin analysis, bouncing up almost 700 points. It did however not really reached it's target and on top of that, it also took quite some time before getting there. The volume on the way up is also far from convincing. These factors make me think that there is still a good chance the correction is...
If we see a bull flag form the coming hours as you can see on the right, than it will become very likely that it makes another jump up, with a target around 7.0ish. The flag really needs to hold, otherwise it can become another lower high. Similar a bit to btc staying above the 7750ish and form a bull flag as well. There are more alts that have a similar shape...
Looks like a decent inverse H&S in the making here. The size of the H&S as we can see on the left is almost perfect. But when zooming in, we can see the shape is not really great. So i would be a bit careful with this one. I would like to see the right shoulder getting a bit bigger in time, so far it's too small. If we see that happen and then break up, i will...
Previous analysis played out quite nicely as well for ETH. I have copied a part of it here below, for the ones who forgot what i said and i suggest you write these kind of info down so you don't forget it. This is not just for crypto markets btw. Also compare this with the Alt coin market cap analysis i did the past few months, where i explained/showed a healthy...
Looks like a potential very nice setup here. With the big wedge on the left and the low time frame one on the right. So i am going to follow this one closely, to see if we find some resistance at the high while staying below the red zone. Because this one has long term potential, i am going to build up a pos here. So starting small and building it up on the way...
EURGBP made a huge pump past weeks so it looks like we might have reached the point for a correction now. If we break the green in the middle, i will give it a try. The red in the middle should not be crossed anymore. The green on the right can become a big support, so if that breaks it could drop even more. Previous analysis:
Here we can see how ETH followed the 'rules' quite well, with staying below that resistance. For bitcoin it was more difficult to determine that level. Rather had seen it stay below the 8700ish. But it was weekend and they pushed it up with very low volume all the way up from the 8300/8400. Now we can see why they did it, because volume was that low, they...
A textbook trade the previous analysis on usdtry. Showing how easy trading can be sometimes if we are willing to wait for a good setup. As we can see on the left, it respects that big bull flag that i drew a week ago. So we could be closing in on a temp low on the lower time frame. My game plan now is, waiting for a potential inverse H&S with the low in that...
This fractal is playing out quite well so far. I am going to keep this one short. Here below we can see a zoom in of the ATH and of the current rally. The blue line is something we saw back then. So in case we see a similar movement, i would become more careful. One very important thing to know of course, back then we had an extreme hype about crypto, this time...
Starting to look as if Bitcoin is making the same move as we have seen twice before past weeks. With a first a big rally, then a temp high and from there slowly going up again in the shape of a bearish wedge. So far we are seeing the same thing again. The first one, even had a breakout upwards from the wedge and the previous high. Which eventually turned out to...