sven101

sven101

If ethereum cannot pump within the next day or so, i believe that the daily bear flag pattern will be completed and we will see price go even lower. Breakdown target would be minimum $1000 and from there we will have to see if there is strength to know if trajectory will continue downward. Lower time framea at this point seem a bit more bullish but this could...

sven101

Right now closely watching eth, if the pump to 1300 fails, i expect the target of the double top remains

sven101

On this post i would just like people to share thoughts and reasoning, i am currently undecided but lean towards the outcome i suggest in the title.

sven101

Paying close attention to higher time frames now as my idea so far has been not playing out. I believe it still could however there is no confluence with higher time frames currently. I will update you soon as to where i think price is headed

sven101

In my early post i opened a long position but ended up getting rekt since i was not actively managing it. With this said the 3 large red volume spikes on the 15m combined with bouncing off the same area to me shows that new support has been found at least in the short term and it is quite likely we see a large move in eth in the coming candles. I feel quite...

sven101

Yesterday i called the temporary top in a few different alt coins with good accuracy, now however many coins including ethereum may be gearing up for another large pump. If there is a break of structure for the large formation on the 15m, i would assume the target to be between 1680-1720.

sven101

4h chart seems very over extended. Let's see what happens

sven101

I think we have temporarily topped out on chainlink and are forming a bearflag. This i believe will breal larger support and lead to more of a reversal.

sven101

So far my short has worked out to the T. I am now waiting to see if we get a nice big rejection candle on the 4h which to me could signal a true reversal. Targeting 1500 and below if a true reversal plays out.

sven101

Taking an eth short based on multiple large volume spikes on lower time frame but yet failing to break the 1570-1600 resistance. I will update my thoughts shortly and if my stop loss is hit i will discuss whether i believe there is still a logical basis to short.

sven101

Ended up falling asleep during a short without having a tight stop loss set. Just posting this as a warning to others be careful with your positions especially with these market conditions, also for anyone who shorted within past few hours, if it passes 19200 i would consider exiting

sven101

Still paying close attention to bearish scenarios on all major coins. Even though we have bounced many times, i am still not convinced we have bottomed. It is possible the bottom is in but in my opinion it is still more likely at this time that there is further downside ahead. What are your thoughts? Comment below.

sven101

Note: im still in a long position as of now, however it is good to think of all scenarios. If this is not yet the bottom, how low can ada's price go? By looking at previous structure we can see the area of 25-28cents being strong support as it was around this area the parabolic rally to $1-3+ began. If it were to break through this area i believe the absolute...

sven101

Sorry my chart is messy but it seems that eth and some other coins are losing momentum. I believe we will either see a retracement or at the very least a bit of consolidation before a move up. Be careful of long positions if you entered late today. This may be a good area to start scaling in for a short.

sven101

Since ada has already been tumbling down for so long and is a coin with sound fundementals, and a cult like following, i see it as a better hedge position than most other coins. Just going to get in quick and see what happens, stop loss at 0.327. will update on how i manage position

sven101

As of now to me it seems ethereum will at least temporarily continue its bullish trajectory. It is trading above the 200ema on the hourly and shorter time frames plus there is a viable bull flag formation. Based on previous resistance zones in conflluence with the bull flag target etc i feel like eth will likely reach around 1350-1360 before a large crash. I feel...

sven101

Since bnb has fallen significantly more than many of the main coins and alt coins thus far, i am going to do a quick long entry between 263-265, take profit will be 267-270, and if it goes wrong i will be watching to get out quick as i am using high leverage for this trade. I will be going short on ethereum more soon but as of now took somw profits from my short...

sven101

Testing dangerous territory on eth and btc. Not too sure how much longer they will hold, but seems more and more likely that we are in for a large crash.