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Aloha, traders. It appears as though Ripple/Bitcoin (XRPH19) has worked its way up yet again today. It has formed an ascending triangle and as we reach the end, the breakout comes closer and closer. The MACD leaves room for this move, so stock up and prepare. We can also notice a pennant formed by connecting the lower highs. This would suggest that the price...

nextrades

Aloha, traders. The euro broke what we thought to be potential resistance yesterday at 1.26. Because of this, we can confirm the existence of the descending channel. Expect price to go up to 1.35 before falling. It is possible the resistance line that was broken may become a new support, but this is for a later analysis. For the time being, it appears as though...

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Aloha, traders. This post is meant to discuss the market shock today in which the S&P 500 shot up 1.47%, an unexpected turn of events after such a confident downtrend. Upon further examination, however, this rebound should not have been unexpected; a dead cat bounce against resistance made sense. However, I expect the price to touch the top resistance at $2800...

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Aloha, traders! Welcome back to another trade analysis. Today, we will be shaking things up with an analysis in the forex market. In recent, crypto has been somewhat sideways. Our trades have all resulted in profits but not nearly as high as we had projected. But don't fear, there's always another trade developing in another market. In this case, it's shorting...

nextrades Updated 

Aloha, trader. Welcome back to another trade analysis. Today we will be analyzing the crypto market once again. Ripple has exploded with nice volume this morning while most other cryptocurrencies have remained somewhat boring. Ripple is the coin to watch at the moment for short term movements, but we hold that Ethereum and Litecoin will prevail in mid term....

nextrades

Aloha, traders! Over the past week, we've seen Litecoin explode, as we had predicted over the weekend. However, its trend has continually been pushed back down by a common resistance line (green above). Now, on the 1H chart, we can see Litecoin is bouncing between a support (58) and resistance (60) line. If it can break either of these with good volume, expect...

nextrades

Aloha, traders! This post will be dedicated to discussing the short and mid term projections for Ethereum (ETHUSD). I believe Ethereum will climb its way to $142 resistance steadily after the false bullish breakout followed by a cutting pullback to support at $132. If anything, however, that pullback was a fantastic opportunity to buy more in as we did. Now, we...

nextrades Updated 

Aloha, everyone. I just wanted to quickly make this post to inform all my readers that Ethereum is forming a descending channel on the 30M chart. The price should drop to around the bottom purple support line before rebounding, expect a breakout before reaching $134. I'm betting on a rally up to at least $142 resistance if the price continues in this downward...

nextrades

Aloha, trader! Welcome back to another S&P update. If you've been keeping up with our posts, I noted over the weekend that traders should be watching the S&P 500 index, on the brink of a crash. This week, that crash has been playing out, destroying the 2 month bullish rally we've been seeing. Today was a big day for the index, as it needed to beat possible...

nextrades

Aloha, everyone! I'm watching a trade develop for Ethereum in which I believe it to breakout soon. My main reasons for this position are that Ethereum has been forming a pennant on the 1H chart, as shown above. We can expect price to rise a little more before possibly enduring a pullback before the big break, which I project to reach around $145 but will be...

nextrades

Hello, everyone. Before reading any further, please be sure to leave a like and follow us on IG @ej_wlk. It'd mean a lot. Now, let's get into this analysis. It appears as though the bearish trolls that have been swarming trading forums claiming crypto to crash have been put in their place. Yesterday was admittedly somewhat of a shock, but we must stick to our...

nextrades

Hi, all. In recent days I've been claiming a Litecoin breakout, as represented by its increasingly bullish structure. After the bear trap from yesterday, however, many believed the market had chosen its way, that being bearish. However, this morning, Litecoin has broken out, following the trade pattern that we predicted, and confirming yesterday's drop was...

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Hi, all. In accordance with my recent posts that the S&P 500 is set to crash, I believe that the Dow Jones Industrial Average (DJI) on the 1D chart will crash similarly soon. The DJI is showing some signs of reversal in its MACD chart as shown above, and for such a slow-moving index as itself, this bearish indication should not be overlooked. Now, in addition to...

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Hi, all. This post is an update on our forecast for cryptocurrencies. First off, I've decided to reference the graph of Litecoin (LTCUSD) instead of Bitcoin (BTCUSD) because, at the moment, Bitcoin is moving somewhat sideways and therefore is not a reliable chart to make predictions on until its price settles. I do, however, expect Bitcoin to form a bullish setup...

nextrades

Hi, all. Over the weekend I recommended looking into shorting the S&P 500 index, as it looks on the brink of a crash. Today, we can already see this breakdown taking place, as the index dropped nearly 11 points today, producing fair returns through SPXS (triple leveraged reverse index for the S&P 500 index). However, we must not assume that this drop reflects the...

nextrades

Hello, all. The 1W graph of Bitcoin (BTCUSD) above shows that Bitcoin is gradually forming a pennant. Based on this information, I expect a lot of sideways movement until the price really begins to settle, eventually choosing to become bullish or bearish with a strong volume movement to break the price out of or below the pennant lines. If one were to trade in...

nextrades

In accordance with my prediction that Bitcoin (BTCUSD) will breakout soon, I believe altcoin Litecoin will have a similar gradual breakout in coming weeks. On the one day chart above, we can see that Litecoin has been moving to form an ascending channel, and I therefore believe a strong upward movement is going to continue until it reaches $50 in a week or...

nextrades

Hi, all. I'm looking to short the S&P 500 index (SPX, or long a reverse index like SPXS or SDS) and was wondering if I have your support. My main reason for this decision is from the MACD graph. As indicated above, we're on the brink of a reversal and hardly ever has this indication been incorrect for this index. I'm expecting it to fall down to around $2500 by...