Dear Traders, Here is a new update on the 30 minute and hourly chart of Bitcoin. We have already seen several head shoulder formations over the last month where a few have failed with the reachtion of a hefty counter move. On the short-term chart we see 2 main shoulder formations. The red one has broken through the neckline and has also been tested. This pattern...
Dear Traders, Here is another update on Bitcoin after forming a new leg down we are already seeing another new head and shoulder formation. Rarely did I see so many head shoulder formations together. Big ones, small ones and importantly both the inverse and the regular ones are almost all still valid. You can check that in my post from before. Keep also an eye...
Dear Traders, Here is a brief update to my previous analysis with key support and resistance levels. We have broken through the rising wedge trend line for a while but it may also be a just a wick and there no close at the moment yet for the 2 hour chart. Bitcoin is making complex moves meant to catch everyone off guard and stop out many traders. Selling their...
Hello traders, Here is a brand new analysis of Ethereum. It has been exactly 18 hours since I wrote that the target of 4000 usd would be met within a few days but it has already happened! Congratulations with Ethereum and the 4000 reached level! What is next now? We are seeing now many divergences on multiple time frames among others in the MACD, RSI,...
Hello dear traders, I received a few questions about how Ethereum Classic ETC is doing. I have studied this and I see a downward trend channel with a step pattern which is repeating. I expect a breakout after ETC falls around the 100 level, the purple arrows. A breakout could also happen now following the blue arrows but I do not expect that. The last option,...
Hello traders, Here you see the 8 hours chart of Bitcoin . With a few possible scenarios. We have already seen 2 main shoulder formations in the past that failed. When an H-S pattern fails you very often get an aggressive counter-move. See the red arrows after the necklines were not broken after all. Currently we are develloping the formation of a possible...
Hello traders, Here is a short update for DOGE COIN. DOGE has broken out of the symmetrical triangle and reached the first target. Now DOGE has confirmed the breakout by a RE-TEST. We can now continue to rise towards the targets marked on the chart. See also my previous analysis of DOGE. Keep a close eye on Bitcoin too because it is the leader who controls the...
Hello dear traders, Here is an update for Ethereum Classic ETC. I have a new 30 minute chart with a slightly modified falling wedge. This one is now more precise and as you can see we have not broken out yet. Three scenarios are possible: 1. ETC follows the blue arrow out of the falling wedge upwards. We need volume to confirm! 2. ETC follows the orange arrow...
Hello traders, We are looking here at the hourly chart of Ethereum. We see here a Wolve Wave pattern with a target of aprox. 3250. This happens to be also the 50% retracement Fibonacci Level. So both targets are coming together. ETH formed also a negative divergence in the RSI so different signals for the same target. The false breakout of the 5th wave validates...
Hello Traders, We see here DOGE coin on the 2 hour chart. DOGE has broken out on high volume from a triangle and the following targets are now in view. Target 1 0.73 Target 2 0.79 Target 3 0.86 ---> Wait for a confirmaton back to the upper trend trendline of the triangle! The breakout just happened on high volume so continuation seems logical. According to...
Dear traders, Here the 30 minute chart of Bitcoin. Bitcoin is still trapped between 51724 and 60703 USD but we now have formed 3 active inverted head and shoulder formations. Interesting to see how that develops. These patterns have as targets 61500, 65000 and 68700. Look at my previous Bitcoin analysis for important support and resistance levels. This is my...
Hello Traders, Here is a brand new update on Ethereum Classic ETC on the 30 minute chart. ETC is currently correcting on the huge rise of the past few days. It went too fast and too high and a correction inevitably follows. However, that correction is perfectly normal and healthy for a further rise in ETC with the all time high as the first target. We now have...
Hello traders, You see here a 30 minute chart of ETC Ethereum Classic. This is update from my previous analysis on ETC. I see ETC moving back up towards our first target 1 of the previous analysis at 169. After that the all time high will come back into view at 180 USD. Please note the inverted head and shoulder formation on this short timeframe! Volume is...
Hello Traders, Here is an new update on ETH Ethereum. We can see on this 4 hour chart that there is a big negative divergence formed in the RSI. It is possible but of course not a guarantee that we will have an interim correction. We can also see a divergence in volume. Of course that is also bearish. Only if we break out of this rising wedge upwards with a...
Hello traders, Here is a new and updated analysis of Ethereum Classic( ETC-USDT ) on the 30 minute chart. We have a superb rise last days and my targets where hit even sooner than I expected. I predicted before 10th of May 127 USD but it happened already today on the 6th of May. Note that the volume is still very high which is a very good sign at this...
Hello Traders, I have created a comprehensive roadmap on this 8 hour chart from Bitcoin with targets and support for the short to medium term. Scroll down or up the price scale onthe right for all support and resistance levels. Below is the description but be sure to remember the very important levels. 64651 and 51724 (ultimate 47674. Bitcoin drives the entire...
Hello traders, Here is a new analysis of Ethereum Classic(ETC-USDT) on the 8 hour chart. ETC has had an impressive rise recently. Etherum Classic broke out on high volume above the old all time high. Therefore, this rise also seems to me to be sustainable for the longer term. The RSI is currently at a very high level so it remains to be seen whether we will...
Hello traders, Here is a new update for Ethereum which has broken out of the medium-term upward trend channel. Ethereum has broken out to the upside with more than above average volume so I think the rise is sustainable. The targets for ETH are now: -> Target 1 3692 USD -> Target 2 4276 USD -> Target 3 4645 USD Support is now found in the ascending trend...