Hello Traders Here is a new scenario for Bitcoin. Patterns are constantly changing so you need to keep updating. We see a trend channel on the 6 hour chart of Bitcoin. The price of BTC is moving with great precision in this slightly rising trend channel. Currently the small inverted head shoulder formation has formed a slightly larger inverted head shoulder...
Hello Traders I would like to share this chart with you. It is the 6 hour chart of Ethereum ETH. You can see here an almost perfect trend channel over a period of more than 4 months. Interestingly, we have now reached the exact top of the channel with the latest rise in Ethereum. There is also a short but very steep trend channel in the larger upward trend...
Hello Traders, Here we see the 4 hour chart of Etherum. As often, a picture say more than a thoussand words. We are in the top of the trend channel and the target of 3000 USD is almost reached. I now expect a pullback because we are on the top of the trend channel, we have the formation of a rising wedge and we see declining volume during the rise. If the price...
Hello Traders, Here we see the 4 hour chart of Bitcoin with an interesting development. First, we see a small inverted head shoulder formation with a target of around 65000. That is the old top. At the same time, it seems that we are no now forming the right shoulder of a much larger head shoulder pattern. The right shoulder of this pattern should not be higher ...
Hello traders, We are looking at the 4 hour chart of Binance coin BNB. A coin that has already had an impressive rise. Currently, the price of BNB has formed a Bullish triangle. Why Bullish? Because a triangle in a rising market is bullish, unlike a triangle in a falling market which is bearish. They are often continuation patterns. BNB is now at the resistance...
Hello traders, This is the 2 hour chart of Bitcoin. We see an inverted head and shoulder pattern. Our first target is now 65000 USD. That is the upper trend line. Volume confirms the move. Bitcoin is the king of Cryptocurrency. Bitcoin can not be manipulated like normal currency and the supply is limited! Perfect hedge against inflation!
Hello Traders, Here the 2 hour chart of Bitcoin . Clearly we are in a perfect downward trend channel. We also see the formation of the right shoulder of the inverse head shoulder formation. Target for this head and shoulder formation is 65000 usd when breaking through the neckline. Currently watch carefully what happens to the price. If it drops below 50000 then...
Hello traders, Here is a chart of BEAM-USDT on the 4 hour chart We see a huge move from 40% in BEAM. But we can clearly see that we have are a downward trend channel. A breakout above 1.4 USD with a lot of volume could push the price to the top of the downward trend channel. For a further healthy rise we need an RSI above 60 and good volume otherwise gravity...
Hello traders, Here we see the 4 hour chart of Litecoin which is moving in a perfect ascending medium trend channel. The price has rebounded from the bottom of the channel but now we are encountering strong resistance. We have the top of February 15. This is an important resistance line and key level. We also see the descending trend line / wedge which has not...
Hello traders, Here is an update on Bitcoin on the 8 hour chart of Bitcoin. The head shoulder formation is still active and intact. The neck line is slightly more accurately placed now. As I mentioned earlier, violent pullbacks are quite normal in this volatile market. In the process, a Demark 9 buy signal for the short term also came in. I am still bearish on...
Hello traders, Here is an update on Ethereum on the 4 hourly chart We are seeing another perfect head shoulder formation forming here. Ethereum has not yet broken through the neckline but I expect this to happen in the short term when looking at the Crypto market in general. Bitcoin is bearish and drags the other coins also down. The target for Ethereum with...
Hello traders, Here we see the 2 hour chart of Bitcoin and a confirmed head shoulders pattern. Target of the H-S formation is 37,000 usd. The neckline has already been retested as we saw already in my other charts. We also have higher volume in the right shoulder of the H-S formation which makes the pattern much more reliable. Interestingly, we now see the also...
Hello traders, Here is a chart of a strong Alt coin ETC. ETC is forming a falling wedge. Look carefully for a breakout or resistance at the top of the falling wedge. On a breakout to the upside, there should be heavy volume. Right now we are likely to see a reversal to the top of the wedge also because volume is extremely low. Volume is key in general but...
Hello traders, here we are looking at the 4 hour chart of Bitcoin. A new and even bigger head shoulder pattern has formed where the price has already broken the neckline which we are now re-testing at the 51.000 level. Also 2 longer term trend lines have been broken. The drop to 47,000 in BTC was stopped by a volume spike and is now re-testing the broken H-S...
Here is an update on XRP on the 2 hour chart. As you can see, a second head shoulder pattern is visible in addition to the one in my previous analysis. At the moment we can see that a triangle has formed. This one is usually bearish in a downtrend like here. So I expect a further decline with the previous low as the first target.
Hello traders, Here we see XRP on the 4 hour chart. with a now already confirmed head shoulder pattern. The neckline was re-tested and so the target for the H-S pattern is 0.56 USD. If BTC drops fast ALT coins are going to drop many times faster so place good stop. Going long in a downtrend gives a lot of risk but can also bring quick profits. Personally I...
Hello traders, You see here the 8 hours chart of Ethereum. Price is moving perfectly in the trend channel. We also see the heavy negative divergence in the RSI. In my opinion, the ideal time to buy ETH is to be patient until ETH hits the bottom of the trend channel. Preferably we will then see a volume spike and/or a positive divergence in the RSI...
Traders, here we are looking at the 2 hour chart of Bitcoin. Clearly the head shoulder formation can be seen. If BTC breaks through the neckline we could go much lower with a target of 43.000 where is strong support waiting. Another scenario is that BTC froms a falling wedge and that in turn is Bullish. This would invalidate the H & S pattern and you could...