calumon

calumon

There are two reasons why I am bullish here: a) Bitcoin seems to be bullish! This is the most important one! If Bitcoin decides to just drop hard, then this might be it and XVG might even drop harder. b) Verge has news this month. We are at a really low position right now. Verge showed how fast it can move. Still one or two days of sideways movement? Easily...

calumon

Bitcoin made it's moves. Now it's also time for Ethereum to shine - a bit. At least we can say seeing the potential is has. Let's begin with what happened recently: We had a bounce at the MA50 just as Bitcoin did and Ethereum moved up. There is even a breakout of the big trendline (after breakout there might be a little consolidation. What comes next is...

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We are in a correction! A correction runs somehow sideways. It goes up and down - up and down. Corrections are a great way for you to lose money because of triggering bull/bear traps all the time. It's time to grow up. Don't expect to be someone who can predict the market with "May 6th" etc. The charts don't work like that. If the mass expects something like...

calumon

As the title says, Bitcoin wants us to wait. Breakout coming either today, or together with weekly close. It doesn't matter, though. We are on the edge of the trend change as the MACD I just finished implementing shows - doesn't it look nice? :) . The MACD seems like it was on the edge of making a trand change. RSI seems like to have bounced up at 30%. Do you...

calumon

So many people assume <7000. Close longs and go short. What will happen? They will lose money. MA50 and MA200 made a cross already. The RSI smells like correction.Everything says bullish. But YOU say bearish... Don't underestimate dynamic of the charts. You need to be more flexibel to changes.

calumon

My advice to begin with: If you trade using indicators, you usually lose money. The reason is that indicators have an offset. That's why you should be really cautious using them. If you begin having a better understanding of how the market behaves then these little fellows might help you predict the movements on the one hand and help you set up some targets on the...

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There are many people who said Bitcoin will never drop under 10k, 8k, 6k... again. Well. They lost some money. People who did hold Altcoins lost more. Well. That's how it works in bearish markets. Especially, if you dont listen to me! For the following Bitcoin movements: we are still bearish for now. That's all that matters. We might see a little up trend. Maybe...

calumon

With Ethereum we need to sing! Think of "Rihanna - Work ft. Drake" and replace "Work" with "Drop". This song won't make it to the charts unfortunately... But at least you can see why you will lost money so easily. Ethereum seems to be following Bitcoin. While it's not sure how much Bitcoin will drop, with Ethereum we can assume that it will be a hard drop drop...

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As said before, Bitcoin dropped. I think around 8k is a strong support. That's the reason Bicoin might need a few days to find it's way. We might have some movements here and there. Don't mistake any move with a bullish trend change so easily! It's time to be cautious and to keep a cool head. With every FOMO you will lose money at the moment. Previous analysis...

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Verge (XVG) seems to be struggling after the news came out. This coin has a huge community backing it up. So, there will be a turn around soon. Especially considering that there will be some events in mid and end june. But for now the next few days, you might lose some money with this coin. I think that there is around 10-15% loss potential right now. The advice...

calumon

Ethereum seems to be following Bitcoin. The bearish movement already started. But according to the patterns we had before, Ethereum might have a small bull run before it drops. But as always with fractals and indicators: Trading with using just these is a perfect way of losing money. You could try to gain a small amount of profits but de facto will lose more when...

calumon

Here is another view of the Bitcoin chart. The MA 200 and MA 50 made a cross. This usually results in a longer term of drop as already seen between march and april 2018. I don't want you to take the red arrows as targets. That's the reason why I did try to keep them shorter than they are or maybe will be. There are many possible targets. For now, Let's say lower...

calumon

Looks like the analysis with 7.8 was approximately correct. BUT now we might go down a lot. Tbh, don't take the head and shoulder 100% serious regarding shape. But I have the feeling that Bitcoin will drop hard. And this would mean towards 6k. Maybe lower? We will see.

calumon

Hey guys, it's time again for the bulls to show some balls. Just so they can get cut afterwards. What do I mean you ask? Maybe you are too young to understand. The thing I'm seeing right now is a bullish movement - maybe starting tommorrow after a flag - or just now. Though, I have the feeling that we won't surpass 10k. Why you ask? Because of that MA 200....

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Hey guys. It's me again after my trading analysis trips! Bitcoin made a lot of movements until here. In my chart, you can see what Bitcoin will probably do. There aren't any Elliot Wave failures. It's just about tough and GOOD TA. Some people might tell you about Elliot Wave failures. NO NO NO!!! That's wrong. TA doesn't make mistakes. But YOU will make...

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Bitcoin Cash is one of the coins in the last days/weeks which had a strong movement. Why? Because of the hard fork at the 15th of May. People are expecting a huge jump in the next 2/3 days. But I see the possibility of people selling or holding. Together with the uncertainity of how Bitcoin will behave the next two days (see my last Bitcoin chart to see what I...

calumon

We had some good time with Bitcoin the last few days. Nothing special. Somehow in the pattern of correction. But looking at the whole picture, there are a few things that might end this game for many people. Especially these two things: The MACD in the weekly chart has some space to the bottom... Not just a little bit. But a lot. With the fourth Elliot Wave...

calumon

Zclassic is another coin which was effected too hard from market correction and built up a head and shoulders pattern on a daily chart. This means, that it will drop hard in the next days. Indicators are high. But don't worry. They will drop these days. Strong support line at 0.006BTC. It might bounce up again after that. You could get some short profits there....