After last night very clear break of the neckline-area, the bulls look stronger than last week. We had some volume incoming. Generally, the target of this A&E is around $13k, where also the former high and the Yearly Pivot is placed. Please bear in mind, that diagonal trendline coming from the last two highs, could bring this pattern to a pre-mature stop between...
just wanted to zoom out to show the current chessboard in its entirety and also my idea of when we may finally breakout of the bigger (for now speculative) symmetrical triangle pattern. The Adam & eve double bottom is one of the most picturesque symmetrical perfect adam and eve double bottoms I've sen in awhile...was amazing to watch the price action follow the...
Bitcoin has recovered back to the Adam and Eve´s breakout-level. We have two clearly defined ways to be double prepared for what´s going to happen next. Currently, be patient. Even if you will miss 1-2% either direction, it´s more important to catch what´s happening in between rather than losing money whilst being stopped out several times due to pre-mature...
Overnight the A&E could not break out. At this big resistance, it seems fairly normal, that people started to take some profits. The big question is now, do those swap to open short-positions? So far, we simply don´t know. The first drop got us below the Monthly Pivot and stopped at the SMA200. The A&E has not failed yet. A little sideways between P-M and R1-W...
last chart I showed the 3day golden cross and the 1 day falling wedge on the verge of being validated and now few days later it seems this is indeed the case. Neither of those are shown here because I wanted to clear the chart to focus on the adam and eve double bottom that has been rapidly developing. Keep in mind though the breakout target of the falling wedge...
On the 6-hour interval, Bitcoin has hit the first possible reversal price and hit the Monthly Pivot overnight. With a medium-target of around $12200, Bitcoin has support delivered by the Weekly R1-Pivot around $10400 and the former breakout level around $10100. Decisions are made here. Be smart and have the bullish and the bearish opportunities ready to trade. The...
After we have seen a steady rise, the neckline comes into eye-sight, which will roughly be resistance between $10750 and $10900. At that point will be decided if we are bearish or if we are bullish. Not much more to say today. Marked the important levels as usual. _________________________________ Warm regards, Neru
After BTC managed to pick up the Weekly Pivot, the Daily R2 is new support, whilst R3 could not be reached yet simply cause it found some resistance at the break-out level to go for a bullish higher-high, that comes from the "H6" where the Adam and Eve is still on track, picking up some volume. $10k important psychological border. A little retrace would be...
Good morning, traders. As with yesterday, not a whole lot has changed. Price continues to drift upward with no real conviction yet. Price dropped into the yellow box as I mentioned it was likely to do during yesterday's live stream and has now hit the upper yellow box I drew as well. It was an easy $350/$400 move for anyone paying attention during the stream. RSI...
A very important hurdle for the potential reversal. Today, the Weekly Pivot and the Daily R1 are presenting a big hurdle for Bitcoin to overcome. On the One-Hour, we see slightly rising volume, higher highs, and higher lows, two broken trendlines and new Support. If we manage to bypass the W-P, thinking how an Adam and Eve is "working", I would not expect a mega...
Alright, after breaking the last trendline upwards, the expected hurdle of the Weekly Pivot + SMA200 bundle of joy in the one-hour timeframe is now on. Don´t get impatient, this is a very important step to further healthy growth. Bitcoin needs to get over this first before creating steadily growing demand & therefore volume. Stay safe, don´t get #Fomo, always set...
Very similar picture for ETH as for BTC and LTC. The Leadline is currently still protecting ETH from a drop and also here a potential Adam and Eve Bottom is coupled with decreasing volume and pausing. Ethereum is just sitting below the new weekly Pivot Point which is certainly the level to break around $213 if there is going to be upwards reversal and a...
Litecoin is the only one of the typical altcoins that can trigger movement, that has reached the former breakout-level as support. Same patterns as Bitcoin, and Ethereum. I am closely watching this Chart, on 3D it is clearly visible, that we should not break this former levels downwards, on H6 it looks also like a potential Adam and Eve that is pausing right now....
We are experiencing a stage that is called "Pause". Not only is this typical for an Eve-Low it can also mark a stage, before bigger movements, and this here can certainly go on for another couple of days. No reason to take any risk at the moment, although some might to start picking up on longs now, we need to keep a close eye on the development of the volume....
Good morning, traders. Things got interesting near yesterday's close with price dropping and then rocketing back up. This was a very strong reaction out of demand at $9100 following a low volume sell off. As a matter of fact, that pop up had the largest M30 volume that we have seen since July 18th and the swing low nearly found the July 17th swing low. This led to...
Looking at this nights try to initiate of a breakdown the support level failed for now and has been bought back big times. This does certainly not mean we are out of the woods, but closing the week above the Quaterly Pivot was a good start, especially with a spot-landing on the potential low of the potential Adam and Eve. We do know this pattern well from our...
Even though Im stuck on my Television due to the Fortnite WorldCup (No Joke) I never forget about my plans, and even there was a further drop, I am still not concerned yet, the small Cup and Handle did not play as it should and in my opinion a little sell-pressure is out of the market, I won´t short this anymore unless we break down the marked area + the weekly S1...