Dear friends, I have made a new analysis of Bitcoin the leader of all cryptos. Unfortunately, after the nice rise, we now see a different situation. Clearly a bearish rising wedge can be seen. This pattern has shown itself 4 times before and each time resulting in a downward movement. So I go short with a target of 28 to 30000 usd. The stop on this short is...
Dear friends, We are looking at Bitcoin on the 30 minute chart. Bitcoin is moving in the trading range between 29000 and 41000. Nevertheless, a few bullish patterns can be seen. A Reverse head shoulder formation has formed with a v bottom. Target of the HS is 38000. We also see that Bitcoin has broken out of the falling trend channel to the upside. And also...
Dear Friends, A while ago I did an analysis on how quickly Bitcoin can recover from a decline. Over the last month, it was a day and a half at most! Looks like we do the same exercise here again only the range is now 28-40/42k So Bitcoin has fallen to the support level of 28000 from before the big rise (28-64k). This is an exceptionally important level. If this...
Dear friends, I can't resist showing you this chart of Bitcoin. Why? Because many people are afraid of a decline! Is it right? Look at this chart and judge yourself. By the way, I respect the opinion of everybody. It is not right or wrong. It is an idea and the number of logic elements make it more or less valid. Feelings about prices tend to be often wrong so...
Dear Friends, As seen earlier in my previous update, the long trend line has not yet been broken and thus the longer term bullish scenario is still intact. If we do break through the long trend line, there will be the a very nice opportunity to buy Bitcoin much cheaper. So always price and for me personally both excellent as long as we can profit from it. What...
Dear friends, Here we see the daily chart of Etherium. When in doubt, it is always good to zoom out to get a better overview without noise It is very important for Ethereum that the lower trendline holds. If Ethereum closes below this trend line with a close for the day we will very quickly see 1500 and 1200 USD in the picture. I would only trigger a stop below...
Dear Friends. Ethereum is currently doing better than Bitcoin. To the top, Ethereum can recover 100% versus Bitcoin 80%. Bitcoin dominance is decreasing and that is good for the ALTS. Rather, it means that the danger has passed (for the moment). You can see the 6 hour chart here and Ethereum has broken out of a bullish falling wedge to the upside. Target for...
Dear Friends, In this scenario which has been posted before by me a few new things that stand out. By the way, I am posting a new version so that you can follow the price on the chart by pressing the right arrow and get new data. Unfortunately that is not possible in screenshots. First, the death cross. The intersection of the 50 and 200 MA. Is this bearish or...
Bitcoin to the bottom or up towards USD 42-50000? Dear friends, Here is a new scenario what could possibly happen if Bitcoin can hold the 0.618 Level. Does Bitcoin fall through this then this scenario will expire and we will see 30-31000 USD soon! So if this 0.618 bottom holds then we could rebound to the neckline of this newly forming inverted head shoulder...
Dear Friends Here is an analysis of Bitcoin in a slightly longer term. More zoomed out to avoid the intraday noise on a 4 hour chart. The main thing we see here is the inverted head shoulder formation formed at about a month. The longer the period the more reliable the pattern. Also very important is that we see a pattern of higher tops and higher bottoms. This...
Dear friends, Here you see the 4 hour chart of Bitcoin. Bitcoin is forming a bearish rising wedge. In this rising wedge we see the yellow rectangle / range where the price is moving between at this moment. Also note the 50/ 200 MA with projection lines when the cross is completed. What to watch for now? On a breakout below the yellow rectangle we first see the...
Dear friends! Here we see my second favorite coin Ethereum. My first is Bitcoin and it will remain so because it is the leader of the entire crypto market. The puzzle pieces have to fit together to make a plan. That is what I am trying to do here, to make it logical and according what the charts is showing. Currently we have broken through the neckline of orange...
Dear Friends, This post belongs with my previous post of Ethereum. I am posting a new one so you can follow the price trend instead of a screenshot in the update. We are in a perfect downward trend channel and approaching the bottom of the falling wedge that might be broken if the market were to go into a crash. All support and resistance in the chart. If the...
Dear friends! I have made a new analysis of Bitcoin. The situation is a little more complicated than it seems. BTC moves in an upward trend channel and then the trend at this timeframe is up. This is because we make bottoms that are higher every time as well as tops which are higher. Twice whales or big funds have intervened to support the price. So these were...
Dear traders, Bitcoin seems to have sunk through the floor but is it really? I wanted to check that out and to do so I checked 10 years of Bitcoin history. What turns out, the Rsi of 32.39 has only been lower 4 times before in 10 years. It was Oct.2014, Jan 2015, Npv 2018 and March 2020. That means we are extremely oversold on Bitcoin at the moment. Together...
Hello dear friends, I have created a new analysis of Ethereum here on the 90 minute chart. Everything can be seen in the chart like stop and targets. I do expect a first drop to point E and then exit the triangle at the top. Stop 2518 Final target 3200 resistance / support: 2750, 2803, 2882, 2981, 3066, 3200 Wait always for confirmation with price action to go...
Dear traders, here is a new analysis for Ethereum. Ethereum has fallen out of the rising triangle and that means a possible further decline. There are several patterns that point to that decline. We see a Diamond that has broken out. Ethereum is also forming a head shoulder formation with now the right shoulder in the making. If Ethereum stays above the orange...
Dear traders, Here is a scenario for Bitcoin. It is an idea how it could go and I also do not expect this Bull marker is finished yet. Right now traders are getting shaken out of the tree with leverage and positions that are too high. Traders who got in too high and are still sitting with positions. Traders who did not use stops for example and are now forced to...