oshin11

oshin11

Some of these guys need a reality check. Two points does not define a trend like this. Wake up, your million dollar BTC isn't coming.

oshin11 Updated 

Might be time for eth and the market to crash again and enter a bear market for a while like after the DAO hack. I suggest doing a bars patter of the June crash. The crypto market is heavily run by some key players and I believe they are using machine learning alogrithms with learning. Fed it old charts and mountains of collateral. Fractals are key. Either way,...

oshin11 Updated 

Many things point to an ethereum crash (besides the obvious bubble and mania). Ether is now in what I like to call the crypto crash triangle or simply the crash trifecta. 1. Rising Wedge -- Bearish but can break upwards (especially in a market that is as manipulated as crypto when it comes to thin market depth during low volume periods). 2. Broken Support...

oshin11 Updated 

I know everyone is screaming "TO THE MOON" but seriously, we haven't even broken the resistance line. Not saying we won't but it sure feels like this run is forced. My guess, whales taking dumb money for a fomo run so they can either 1. get out at a nice comfortably high price or 2. Short the hell out of everything. Could go either way, the moon kid fomo is...

oshin11

Bitcoin, Ethereum, and cryptocurrency traders seems positive and bullish right now and indicators point to a rise in the coming days (1D MACD histogram about to go positive, several small bullish runs). However, what I see is a giant coil as large investors look to China and new regulations. However, I look at the bitcoin chart (even though I mainly trade ether)...

oshin11 Updated 

Rising wedges galore! I think this is a classic example of sharp price fluctuation and rising wedges which follow them. Bulls were not able to push the channel upward and we had a clear M pattern double top at 400. I expect the bear trend to continue until the rising wedge profit target of roughly 235-250. Let's see what happens.

oshin11 Updated 

I saw this rising wedge coming but I think the recent mania is driving a lot of eager buyers. Rather than a huge break down to the breakout value minus the width of the wedge we are seeing major support at 250. The same bullish mania that drove the formation of the wedge is now developing a descending triangle. Will the bulls break it and go up to 280 or will the...