The bulls had their chance yesterday to grap the opportunity that was in front of them to use the bull flag between 6800/6600 to push higher. Almost everything was textbook, Very good volume during the rally up and the volume was decreasing inside the flag as it should do inside a flag. Alts were looking very good as well, most showing bottom formations, mostly...
Alts have made some good jumps up the past week, many of them have been showing high volume during these rallies, which is a very good sign. My previous analysis we made that good rally to break that 0.07 resistance. After the weird trap move Bitcoin -0.70% made, it dropped a bit but very quickly started a second wave up again with high volume . The ones who have...
Zcash has been making a big bullish wedge with a target around 200. But the difficult thing on this one is, the whole market looks very bearish for on the short term so it's a bit conflicting. With all wedges, the bounce up can be before touching the support line again or even a false break out to the downside before moving up. From the current movement of Bitcoin...
Since my last analysis we broke the 6500/6550 resistance and broke upwards to 6800. The market seemed to be very eager to push higher and break the 6800, but the volume was a bit on the low side. Weekend was ahead as well and usually we don't see big moves and break outs during the weekend. So even thought it was a small disappointment, it was no big surprise....
This is not standard TA you can use for the open shorts and longs. However i do think there is something we can learn/see from this. The open longs have been very weak for a while now. TA wise there are some trends to be seen here. For the shorts, i think if that red zone breaks we might see a short term trend break for Bitcoin again. But more important, the open...
That was quite the volume pump today, open shorts on XRP went up allot lately and got a slap on the wrist from the bulls today. Longs are decreasing now, which means allot of "bulls" are cashing out already. This is not a sign of confidence of course. But a big chance it's because allot of uncertainty that is still in the market now. So the second target at 0.45...
EOS is moving very similar as Bitcoin the past month. Inside a triangle and at the moment in some kind of bull flag. A small drop would be perfect to try a long here with support around that green area that should hold. Otherwise we could see an attempt to break that support line at the lows.
My early followers know i have been a big bear on crypto throughout 2018, because of many fundamental reasons, TA was just a tool to determine the footsteps. The last 2 months i have not become bullish for the long term, still a very long way to go, but i am still slightly bullish for the mid-term. That is based on TA mostly. Fundamentally some things have...
Neo has been a weak alt the past weeks, this could be because the market finds it less interesting during the last rally, or the bulls will play catch up soon. The market in general is still in a danger zone. For this one i am waiting for an entry close to 18ish and will use a stop below the 17. For this one i will buy in half around the 18 and wait for a break of...
GPBUSD broke the upwards channel from the past weeks and so far it has tested it as a resistance. The last daily candle also has a bearish weight on this asset. The risk reward is good.
Looks like this one is about to make a reversal candle on the daily. Support on the 15m is about to break. Confirmation would be a break of that channel. Target is around that yellow circle, we should not get above that red resistance zone.
Our last trade on this one was very succesful, trading an H&S in combination with a bearish wedge. Now it's starting to look more like a bigger bullish wedge. The movements on the low the past weeks, make the risk reward for this trade worth the risk. The safe play would be waiting for that first red resistance zone to break, to trigger a small inverse H&S. The...
While Bitcoin is still making up it's mind while moving between the 6280 and 6380, ADA offers a very attractive risk reward trade. The risk is still high since Bitcoin is still in control of the bears, but there is such a clear resistance level for ADA. If it breaks it will probably make a good jump up. The volume picture looks good, so the only risk i see here is...
My previous analysis i talked about the 6200/6100 needs to hold for the bulls and that anything below the 6600 is bear territory. 10 days have already passed and we are still inside this range. Volume is very low which also confirms the market is not ready yet to choose a side. Alts have possibly made a bottom formation a week ago, but so far still no follow...
The volume picture is not the one i want to see with a pattern like this but the shape seems to be valid. It should not break that green support area anymore
As expected, nothing has happened yet. At the moment we see the bulls pushing a bit. Pushing against this bear flag, trying to get out of it. But Bitmex is the one holding it back, together with it's brothers Coinbase and Bitstamp that determine the mark price for Bitmex. I see other exchanges trying to push higher, so we are still seeing a fight going on, even...
After staying above the 7300/7340 for a very long time yesterday, the support eventually broke and an immediate dump happened. This is not normal selling if your wondering how this can happen so fast all of a sudden, This is mostly forced selling, meaning stops getting triggered of long positions which turn into sell orders that on their turn trigger stops below...
The opening 20 minutes ago was higher but very quickly it got pushed down again into the red. This is a small bearish sign. Everything is clear, neckline around 112 and the target around 106