Like predicted in my previous article, since the very release of the Coinbase IPO, "COIN", Bitcoin has yet to test new highs. Consequently, Bitcoin is nearly 45% from the April 13th high, and has spent the last 18 days consolidating into what appears to be a pennant. Generally, pennants have a higher probability of a continuation than a reversal. However, this...
Market action the last couple weeks has been crazy! Many of us have been able to make huge gains on our accounts in such short periods of time due to this volatility! However we much remember not to FOMO but to act rationally to maintain our earnings. That being said, many of those who follow me know that I have been bullish on Ethereum and other coins such as...
After a month of ENJ going nearly 10x from its bottom in late February, it has had the chance to consolidate to the 50% fib retracement zone. Which in doing so, it has created drastic similarities to the consolidation wave after its first leg up. Therefore it seems it could be repeating the same pattern once again, only this time on a larger scale. Looking at...
After months of ranging, XMR has finally broken north out of the pennant that was formed on the daily time frame. All it has left to do now is to break the current resistance level to remove the possibility of a double top. As long as this level is broken we should have no issue reaching T1 However, based on the size of the pennant, I have marked additional...
Since Etherum formed its latest bottom of $80 and bouncing nearly 100% the crypto community received a glimpse of hope that crypto may rally once again. Since we were rejected at $160 for the second time I have seen an overwhelming amount of bears come out of the woodworks. I am not posting this chart to say whether I am Bull nor Bear, I am merely here to support...
For those of you following my ideas recently know that I am very bullish on ETH. This is primarily based on my previously conducted Volume study. link below That being said, Ethereum just closed a daily candle below a multi-week trendline. Just about 2 weeks after the VPSI showed complete buyer exhaustion on the daily at about $250. These signs lead me me to...
During the beginning of the crypto sell off earlier this year, Ethereum was one of the highest performing alts for a great period of time. I believe this was because during the beginning of this bear market, people were not as hesitant to take risky investments such as ICOs, AND also, many ICO developers were likely cashing out their tokens for Ethereum, all in...
Bitcoin has had it rough the last couple weeks. We have been trading within a tight ranges with very few signals of direction. Thankfully after this last leg down, a possible bullish bat has started to form with its completion at 7150. The 7150 level not only marks the completion of the bat, but it also marks the .886 fib level which could be the beginning...
The chart above shows a nearly perfect Bearish Butterfly that has been playing out. I say nearly because the only place where it has fallen short is the D leg. Which based on the rules of the butterfly, should have completed itself right at 10k (based on BitMex charts). However, IF the local top IS in, based on fractals of recent harmonics (see previous...
Before you read any further I want to state the current market state is extremely BEARISH. There is absolutely no sign of reversal yet, so buying on the support levels I have shown is extremely dangerous. I have lost nearly my entire account attempting to catch the bottom on this tumble down. So please do your own due diligence and wait for clear signs of ...
After another downward spike, BTC is once again resting on the major daily support trendline. Which this happens to be the .618 support of the current swing as well. It is very possible that BTC could see some upward movement from the $8000 suppoer. However, doing so would risk the possibility of an ABCD formation . Moving up from $8000, and failing to break...