Confirmation: 4040.86 (early) / 3916.87 (late) Invalidation: 4193.82 Target: 3660.25 TF: 4HR Leverage: 3x Pattern: 1) three drive reversal with 2) previous bearish rejection candle (high risk of double top) and 3) weekly EMA200 resistance. Breakdown of the channel will also breach the EMA50 on the daily:
Confirmation: 3926.03 Invalidation: 4057.80 Target: 3654.64 TF: 4HR Leverage: 3x Pattern: 1) rising wedge reversal with 2) daily bullish rejection candle and 3) weekly resistance
Previously I posted a short trade for LTC following the November 2018 sell-off, but limited information invalidated the trade: Now that the range is clear we can prepare to short this market again. Here's the weekly view: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that...
Previously I posted a revision to the ETH short trade, but we had limited information to trade with so it was tricky: Now the range is clearly defined. Currently we are sitting at a shorting level with price action trading near the confines of the overall weekly trend. We can short the market around this level or wait for confirmation at $100. There is also a...
Nice potential setup... I don't want to miss this one ;) ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Previously I issued a revised outlook for shorting BTC, but the range was less clear due to limited trade evidence so we exited the trade a few weeks ago (end of Jan): Now the trading range is a lot more clear. We can see a large continuation pattern emerging along the definition set by the overall trend (large wedge pattern on the weekly). We can short the...
Watch for this head and shoulders opportunity on the 4HR XRPUSD pair! The red line is confirmation/trigger of the pattern with targets at 31 cents and 28 cents respectively. The idea becomes invalidated above 38 cents. Be cautious of the support at 34 cents which could prompt a fakeout! ***This is not investment advice and is simply an educational analysis...
Watch for rejection at this level near the EMA50 and the bottom of the falling wedge pattern. We are bullish above $35 and bearish below $31. Below $26 we will have swan diving with recent dip buyers taken out the back and shot. Previous successful LTC idea: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By...
Watch for EMA50 rejection on the daily timeframe . Above $120 price action will be considered bullish / consolidatory. Previously we explored an idea for a breakdown pattern. This invalidated idea can be found here: ***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you...
Looking at the chart we can see bitcoin struggling to get above the EMA200 level on the 4HR chart and a long-term trendline (highlighted purple). With the cyclical trade to the downside (EMA50 below the EMA200) but price action seemingly bullish , this will put off many professional traders from entering a long trade at this level. Instead, we can look to short...
Last couple days Ripple has entered consolidation and the countercyclical traders have taken the asset back to test resistance and the breakdown level. However, overall, XRP is in a full-blown downtrend: 1) we can see it continues trading within a descending channel. 2) its now testing the EMA50 on the daily. 3) We have yet to test significant support on the...
Here's an interesting setup... the sell-off is basically looking to go parabolic on the daily chart next as bears finally exhaust the bulls. This will likely be the final swan dive for ETH as the big caps in crypto look to begin building a floor during 2019. Liquidity and market volatility will likely make trading this par to the downside a bit more...
Hey guys, Hope everyone are well. We are looking at a falling wedge pattern on the 4HR and trading below the EMA50. Crypto is in full blown panic selling mode and this offers a VERY SHORT opportunity to short trade with the trend. Confirmation of trend continuation is below $3213, with targets at $2615, and $2099 on Bitstamp. Above $3581 this idea becomes...
Here's a revision to our previous outlook on BTCUSD. Above $3812 the chart looks a lot more interesting for longs, but below $3473 we'll have an opportunity to cautiously breakout short the market. Our previous idea can be found here:
Hi guys, We can see $BTC trying to form a bottom at this range and we have an opportunity to get long for the rebound. On the daily we have a large falling wedge pattern and we are currently trading at the bottom of the wedge (not confirmed yet though): We should watch the total crypto market capitalization as well, and here we might see a bit of weakness in...
Hey guys, I've been watching BCHSV which resulted from the BCH fork that occurred a few weeks ago. Here are a few thoughts: Fundamentally I think exchanges and significant market stakeholders are betting on the ABC version of the fork - BCHABC - which indicates to me that BCHSV will likely undergo and remain heavily discounted, or at least experience heavy...
Hey guys, This is part 2 of our Ethereum trade thread. Part 1 can be found here: Looking at the chart we can see that the selloff will likely continue as we trade down and within a significant falling wedge. While this is a reversal pattern, in general cryptocurrencies fully complete this pattern and crash through the bottom wedge trendline before exhausting...
Hey guys, This is part 2 of our Bitcoin trade thread. Part 1 can be found here: While Bitcoin has found ground for now, fortunately for the bears the market is so tense that any cracks will be easy to exploit. The trend is in our favour and we are chasing a crash in the market in the form of a full crypto-style capitulation. Bitcoin is currently kissing the...