Hello traders, Here is my latest analysis of Ethereum and this is the 4 hour chart. Ww see a rising triangle and also 2 inverted head shoulder formations with the red necklines on the chart. The rising wedge will likely but not certainly cause a smaller or larger pullback but that also gives a better buying opportunity! Volume is not high at the moment,...
Hello traders, An important warning. Bearish rising wedges can be seen in the chart of Ethereum and Bitcoin and the danger still exists for a test to the bottom of the triangle or even a breakout downwards. Yes we see an inverted HS formation but which one is it gona be? The bearish rising wedge or the Inverted HS formation. Soon we will know that as we...
Dear traders, Here is a new analysis for Ethereum, Ethereum has formed 2 bearish rsing wedges and is still moving in the ascending triangle. A picture says more than a thousand words so if you look at the chart you see it is all there ;-) The red trajectory is what possibly will happen. Of course this is a trading idea and no advice to trade. Use stops in your...
Dear traders, Here is a new analysis for Ethereum, We see the 90 minute chart here for more detail. With a breakout above the neckline of the inverted head shoulder formation, we will first get some significant resistance from the descending trendline. Most likely the price will bounce off and retest the neckline of the inverted head shoulder formation and then...
Dear traders, Here is a fresh update on Bitcoin on the 2-hour chart. In the symmetrical triangle, the price of Bitcoin has already developed several patterns. Our latest head shoulder formation can already be extended to a larger size again. Note that the small HS shoulder formation also remains valid as does the bearish rising wedge. The scenario could go as...
Dear traders, I have created a new 2 hour chart of Bitcoin so that you can better follow the price movement by clicking on the arrow on the right side of the chart. With the breakout of the neckline and bearish rising wedge, I see the following possible scenario happening. A re-test of the head shoulder formation and then a decline with the next support and...
Hello traders, I want to share this chart with you because I think the Crypto market, Bitcoin and the ALTS are struggling. There are no rises that last but drop back every time. There is low volume and negative patterns are forming on the way. I personally don't find that particularly bullish. I do not say this negative scenario would play out it is just a...
Hello dear traders, Here is a my new analysis of Litcoin which currently has a Risk Reward LONG ratio of a whopping 1 to 4! This formation has a 40% upside potential! You see here the hourly chart of Litecoin with a perfect inverted head shoulder pattern and a target of 270 USD. The price is likely to follow the ascending trend channel until the target is...
Hello dear traders, You see here the chart of Bitcoin in 30 minutes timeframe for a better detail. The price in the main head and shoulder formation in orange has been quite lower as expected. Also the neckline is perfectly re-tested but a decline remains out for now. In Ethereum about the same situation but we now see a few notable bullish things in the...
Dear traders, A new update for Ethereum for the short term. Traders, we have almost formed the right shoulder of an inverted head shoulder formation. To validate it we need to break through the neckline. Possibly the neckline will then be tested again by the price of Ethereum but it doesn't have to be. Important: without a break trough the neckline the pattern...
Hello dear traders, I have made another update for Ethereum ETH and we it here on the 1 hour chart. Ethereum has formed 2 patterns with both different higher targets. A Bullish rising wedge with a target of 2984 USD and a reverse head shoulder formation with a target of 2711 USD. ETH is also forming higher highs and higher lows so the short term trend is clearly...
Dear traders, A new update for Bitcoin, Currently you see the 30 minutes chart of Bitcoin. Once again we have formed a head shoulder formation. The right shoulder was formed after breaking through the ascending trendline. Be aware of that this a possible scenario because we have not confirmed the HS formation at this moment! It seems logical because descending...
Dear traders, Here is an update on Bitcoin the crypto leader. Here we see an inverted head and shoulder formation on the 1 hour chart and we have also broken out of the descending trend channel upwards which is a very good sign! I like to keep this anlysis plain and simple. The target for this pattern is 40800 and I expect this to be met within a few...
Hello dear traders, here is a new update for Ethereum, This is the 30 minute chart and you see that we have fallen out of a rising wedge. The target points to a re-test of the previous bottom but as we have seen before the market is massively manipulated and that does not make it any easier. On a breakout downwards trough the support of 2550, Ethereum is...
Dear traders, Here is a new analysis for Bitcoin which is leading the market right now. BTC dominance in the market has increased greatly and if that continues it will be even more bad for ALT coins then it already is. That is why it is so important to follow Bitcoin closely. I hope this charts help with that. You are looking at the 6 hour chart here and Bitcoin...
Dear traders, Here is a quick update for Bitcoin. We are looking at the 30 minute chart of Bitcoin and see an inverted Head shoulder formation after which a symmetrical triangle has formed. It is in fact also a DIAMOND pattern. This Diamond comes after a sharp rise and may indicate a possible short term top but the triangle will make it clear with an breakout...
Dear traders, A quick update for Bitcoin with some extra information besides my previous analysis. The leader of the cryptos that drives everything needs to be constantly monitored in this situation because Bicoin dominance broke a longer down trendline which is not good for Alt coins. Here we look at the 30 minutes chart of Bitcoin BTCUSDT and you see we have...
Dear traders. After today's violent drop, I have another update ready with my personal views on Bitcoin . I already wrote several times about the risk for a big drop due to the Diamond and head shoulder formations. We see that these targets were met perfectly but it went much deeper and that was obviously meant to stop traders out. That is the game of the big...