Dear traders. I have been studying the situation with Bitcoin closely and would like to share my views with you. We see here the 30 minutes chart of Bitcoin and a few things stand out. 1. We can now draw 2 Bullish falling wedges! 2. We have reached a huge volume climax during the decline. The last 3 severe declines, this has been the signal for a brief rebound...
Dear traders, Here is a short update for ETC EThereum classic. We see the formation of a triangle but also a head shoulder formation. Currently two important issues. 1. breakout below support level and or neckline Head shoulder formation. 2. Breakout upwards with good volume which points to higher price targets. A breakout below 78 then ETC probably goes to...
Hello dear traders, Some more information in the exciting battle between the bulls and bears for what concerns Bitcoin / BTC-USD and the rest of the crypto market. As you know we have a confirmed head shoulder formation in Bitcoin . The target is now 28500 for this pattern. However, there are more HS formations as you can see in my previous analyses. There is...
Dear traders, An interim update for Bitcoin. All scenarios are still open. The Diamond from my previous analyses but also the main shoulder formations, wedge. Check them out as it contains interesting information and is a roadmap. Currently with Bitcoin we are in an oversold situation. We are seeing some positive divergences forming and the price is fighting...
Dear traders, A picture says more than a thousand words. You see here the hourly chart of Ethereum and we have just made a double bottom, reached the bottom of the trend channel and are heavily oversold. It's time for a short recovery in my opinion. Prices never go down in a straight line but they do go down in a saw tooth pattern. Let me be clear, I am not...
Dear traders, I have prepared an analysis of Bitcoin on the longer term. You can see here Bitcoin with an MACD on a weekly time frame basis and a MACD on a daily basis. If we go back in time for a moment, we got a sell signal in the weekly MACD on January 25 2018. The price of Bitcoin did not move higher after that but continued to fall with botteming out until...
Dear traders, Here is a quick update for Bitcoin. We may possibly see a rebound here. We are looking at this 4 hour chart of Bitcoin BTC and the formation of a falling wedge. This trade is not without risk but Bitcoin is now very oversold and we have a very nice positive divergence! The decline is heavy and fast. Stops are hit and traders liquidated. Watch the...
Hello dear traders, Here is another update for Ethereum ETH-USDT (on the 1 hour time frame chart), after the hefty price movement of the last few days. I would like to share with you these possible scenario's. As said it is a hypothesis, a way to see different views on price action. It is not an advice to trade! I see Ethereum forming the formation of a small...
Hello dear traders, Here is an update for Bitcoin BTC on the daily chart. After further analysis I come to the consultation that after several heads shoulder patterns (that are all still valid) we now have a Diamond in Bitcoin as well. I have already discovered one in Ethereum and you can follow that on my recent posts. I will keep this updated but for now the...
Dear traders, Here is a new update for Bitcoin on the 2 hour chart. As you can see, my previous head shoulder formation came true exactly. Also the small head shoulder formation in the descending trend channel have been perfectly met (target1). How is Bitcoin doing now and what can we expect. Currently we are in the process of forming a mini inverted HS with...
Dear traders, Here is my view on Ethereum ETH which is in the process of forming a head and shoulders formation. The target is at exactly the old top in April. At this moment you see the right shoulder is being formed. Keep in mind that H-S patterns can fail but then that is a perfect indicator to go long because the price then goes explosively in the other...
Dear traders, Here is a quick new update for Ethereum on the 4 hour chart. We see here a pattern not often seen, the diamond. Like the head and shoulder formations, this pattern has lower targets. It signals normally tops. My previous analysis of Ethereum is still valid with the head-shoulder pattern but now we have a diamond formation and that strengthens my...
Dear traders! I have been studying this daily chart of Bitcoin today and come to the conclusion that things possibly are not looking good for Bitcoin after all but there is still a little spot of light which could change things. If you make a line chart of Bitcoin on a weekly basis you will see this head and schoulders formation is perfect. In fact it is one...
Hello dear traders, You see here the 2 hours chart of Ethereum. A few things have happened that is why I am doing this update as Ethereum was in a perfect upward trend channel until last night. Ethereum broke the ascending trend channel downwards and that in itself is a sign of trend change. Next to that we also see a head shoulder formation (Blue) where the...
Dear Traders, Here is a brandnew update of Ethereum Classic on the 2-hour chart. We see that ETC has formed an inverted head shoulder formation and is now forming the right shoulder. If this H-S pattern is validated by breaking out above the neckline and then a retest of the neckline, then we see the first target for the pattern at 145 USD. I notice more volume...
Hello traders, Here is a quick update for ETC Ethereum Classic. Please also check out my older analysis of ETC. The trend line at around 100 USD is very important. If ETC drops further then I am bearish below the 80 USD level. Everything depends on Bitcoin now. Do we get a sharp drop then the ALTS go down by a factor 5 more but if Bitcoin goes sideways again...
Hello Traders, Here is another update for Bitcoin where I have removed the smaller head shoulder formations from my previous charts for a better overview. Here we see on the 2 hour chart of Bitcoin 2 Main shoulder patterns with 2 necklines. The orange neckline 2 and the redder neckline 3. The orange trend channel that bitcoin has been in since early March has been...
Hello Traders, Here is a short Bricoin analysis for the ultra short term. Bitcoin first formed a blull flag and we now see a bullish falling wedge. That is normal, patterns change all the time and you need to trade what you see not what you think! It would be good to see a positive divergence in the RSI but it is not there yet. This could mean that we will test...