The last few months ETC had outperformed BTC very clearly, showing a big interest of certain buyers. OMG has the same, even better picture. ETC had made a big drop the last week, now it has made a bullish wedge, it could drop out below, and crash further, but my guess is that Bitcoin will go up towards 10.000, triggering this wedge of ETC and where it once again...
I think we can see a still see a drop towards the 0.60. That it where the target still is of that wedge/triangle i posted a month ago
Bitcoin almost did exactly what i expected it would do, as i described in detail in my previous chart (read it for more info). I though we would drop to the 9000 with a max of 8800, to form a right shoulder and go up towards the 10.000. But it formed a double bottom at 8400. The move we saw this morning, is what i said would happen, short covering. They will try...
Like we have seen clearly, after a massive dump, always 80/90% chance we see a follow through. The last drop towards the 9050 was also a big and fast dump, and we have clearly broken the 9400 support level, where it has difficulty with getting above again while making this (most probably) another bear flag. So far this primary chart has been pretty accurate. Of...
And again an on point prediction :) almost followed my first blue line perfectly :), I called that low at 8550 a bit to soon, but we get the picture. Now it is entering resistance zone, 9300/9500 will be a big one. But we all know what we talked about lately, it's almost certain that most people who are short or went short, probably have a stop above the 9400, the...
I said i would not post anything untill i get enough appreciation through likes/views/followers, but here is another gift. I am keeping it very short this time, the picture speaks for it self. I could explain the complete story about all those facts, but maybe it's a good moment for you guys to find it out yourself and discuss it with each others. Maybe i will...
There are 2 options here, at this resistance level. I have a similar feeling that i had when it was trading between the 8K and 9K. Obviously i was wrong than but when it broke out i had no problems turning long because. The same could be happening now, that i am to bearish and stubborn :). But difference now is, we are 3000 points higher, hesitation to break out...
Here we see a daily chart of XBTUSD, the Bitmex future price of Bitocin. I have been trading here for a while now (because of a lack of a better broker) and have been seeing some changes here. Spoofy (or a friend of Spoofy) has also been doing the same thing here. Buy and sell orders in the book of 1 million and up to 10 million USD. WHat i have seen lately, the...
After the drop to 9300, where many people were expecting to get an buy opportunity around the 9000, it did not reach that level. The drops were starting to get smaller and we could slowly see buyers entering the market. You can see this more clearly in my previous chart about Bitcoin. That blue circle, which you can also see here, has reached it's target more or...
I think we are going to drop towards the 9800. With this move, the right shoulder of the big inverse H&S that many are talking about, would become much stronger and have a better basis to go forward. Now, to be clear, i really don't expect we will even get that far, getting above the 13K, but i am not going to fight it of course. I shorted BTC at 10770 a half hour...
So we have seen a breakout with a big acceleration and increase of volume. BUT, Bulls don’t get your hopes to high, this time it has become clear to me about what just happened. I don’t need to see facts or numbers, I am just 100% convinced about what happened and it’s just typical for the crypto market because it’s extremely easy (same happens with the stock...
In a bull market (trend) downwards corrections happen (mostly) fast and hard, so an objective view would say that the drop from 11.700 towards the 9300 is only a correction within the new bull market of Bitcoin. This wedge (or flag) would also confirm this same thought. As we can see in that blue cirkel, the buyers are gaining some strenght because the lows are...
Litecoin looking very bullish now, but still need to see a small bounce of this neckline. Most alts and BTC are on a crossroad now, Getting an answer maybe within a few hours. Good moment to go long with a very close stop just below the neckline
When you look at the chart of Bitcoin Cash, we can see much better indicator of the trend since the low at 6K of BTC. The orange consolidation fase (BTC 7500/9000 fase). the small blue one shows a bear trap, but actually indicating where the market was headed. The yellow area shows where BTC was at the high of 11.700, so BCH was clearly much more bearish, while...
Bitcoin has managed to make a full retracement towards the neckline again, which showes some strenght. But it faces multiple resistances now. The biggest one is the neckline of course. It has made a small rising wedge now here at this very moment. It did however break out of the big decending trend line, which cannot be ignored. But the neckline weighs heavier,...
ETH is showing an identical picture as Bitcoin, slightly weaker though, It has dropped out clearly of it's bearish flag (rising wedge). A drop to that green line is almost a certainty. It it drops below the $900 than it triggers a H&S wich has a target around the 825
Up to a few weeks ago, EOS was a coin that was outperforming Bitcoin to extreme levels the last few months. But the last few weeks, seems like nobody wants it or think it's already to expensive. It's falling to much behind in the bull rally Bitcoin has made from the 6000 to 11.000. Ofcourse if Bitcoin makes a big move to 13K/15K EOS will also go higher, but if...
Bitcoin seems to be loosing momentum on the short term. It dropped below rising trend line and now retesting it as an resistance. But thats not even the biggest problem, at the top it made some sort of ending diagonal (normally set after a big, in time and price move). I see 2 options here, this whole move up was just a big bull trap and some heavy (Bitcoin)...