PureStructureNoBS

PureStructureNoBS

Hi everyone, I recently posted an Ethereum chart on a long opportunity. However, currently the risk reward greatly favors the bears for close stop loss entry in case we crash down from this trend line convergence Feel free to comment below

PureStructureNoBS Updated 

Hi everyone, There is very strong support at the $175 level that I believe it will hold and send us to the $200 level. However we have to consider both options and be ready to react to the current descending triangle. If we break upwards, our first target is $200 and our second target is $220. Feel free to comment below

PureStructureNoBS Updated 

Here we have a triangle pattern for BCH. The rising edge definitely has more touch thus making it stronger support. We also come from a big move to the upside so I would say there is a 60/40 chance if not more for breaking the triangle to the upside. Don't make a decision just yet. Wait for the triangle to break with confirmation with volume. Initial targets are...

PureStructureNoBS Updated 

Massive cup and handle forming in BCH. A break of $300 would confirm it and that would be the entry. Target is $350 for the cup and handle based on its depth and next big resistance is at $400. I would sell half at just below $350 and other half at $400 at the red lines. Remember BCH has had many massive moves likes this many times before. Feel free to comment below

PureStructureNoBS

Hi everyone, ETH is printing a double top after a big rally to 146. We just had a hard rejection of this level as well dropping very fast from 144 to 140. I think now we wiill break the bottom of the small purple channel and bounce off the bigger channel at the bottom of the graph at 125. BTC is also rejecting 4100 level which will cause a big drop in the market:

PureStructureNoBS Updated 

Hi everyone, We just had a drop small drop from $3950. Now we are at the .38 fib support, 4h 200EMA support, and bottom of the ascending channel. I think we should see a bounce from here back to $3950 and possibly to the top of the bigger channel at the $4100 range. If this is the case we will have a great short opportunity at the $4100 level to the $3600s...

PureStructureNoBS Updated 

Hi everyone, This is a great very low risk high reward opportunity for a short in ETH. We just broke down from a bear flag and we are retouching the bottom of the flag before we get a big drop to the bottom of the larger channel around $115-120 level. Also the 50 EMA has been a very good signal in the past and it seems to be acting as resistance right now. We can...

PureStructureNoBS

Hi everyone, PureStructureNoBS here to provide real TA with entries and targets. Ethereum recently broke bearish from a triangle consolidation. It is now looking for support in the green box area for a 3rd touch off the trend line. $110-115 is a strong support area and Fib retracement .786 is at $114.5. I think we will get a big bounce off the green box to the...

PureStructureNoBS Updated 

Hi everyone! I'm here to give you precise technical analysis with direct trade ideas, no bs or ridiculous targets After the big market beating we had a few days ago, it seems we are setting up for another impulse down. We have the 50 EMA in 4hrs giving us great signals in the recent past to be used as support and resistance (pink line). There is also a previous...

PureStructureNoBS Updated 

Hi everyone, Looking at the current market situation, I believe that we need some consolidation. LTC has been giving us great early signals of what will happen next. It seems to pump first and then the rest of the Alts and BTC follow. With that said, LTC is at the top of a upwards channel (bearish channel) and it is currently rejecting the daily 200 EMA, which is...

PureStructureNoBS

Hi everyone, Lets get to it. ETH is forming a double top/head and shoulders pattern. The neckline/support area is in the $110-113 range. I believe it could drop from here to $100 which is a strong support area, bounce to $110, and finally drop to $80. Another scenario is that it will reach $140 to form a cleaner head and shoulders and then drop to $80 target. A...

PureStructureNoBS Updated 

Hi everyone, PureStructureNoBS is back and ready to give you top notch technical analysis. No fancy indicators, no random numbers on the chart, only pure structure. ETH is in another bear flag and its target is $168 area, its previous low. We could drop down from here, specially if $196.4 doesn't hold, but it seems to be having a decent bounce from this support...

PureStructureNoBS Updated 

Hi everyone, I realize this looks scary, but its what the chart is currently telling us. We just dropped from a big channel/bear flag (marked in blue) and we are still on a bear market. I think if BTC also drops from its bear flag (dropping below 6300), $120 ETH is a possible scenario. But I think the most likely scenario is a drop to the previous low 168. We...

PureStructureNoBS Updated 

Hi everyone, ETH is inside a big triangle pattern. It is hard to predict which way it will break. In the 4h hour chart we are bullish, but we are still in a big bear market in longer timer frames. The good thing is that we don't have to predict it, we only need to react to what the market tells us. Bear break targets and support areas are 194 and low 170s Bull...

PureStructureNoBS Updated 

Hi people. I see two (2) Head and Shoulder formations in ETH. The darker red is the bigger H&S with a target around 190s. BTC is also breaking down at this time. If BTC breaks the big bear flag straight from here then we will have a huge sell off with ETH having the best profit potential of the 2. Though we are likely to see some kind of bounce before breaking...

PureStructureNoBS

Hi everyone, Looking at the 4H chart BTC is currently at the top of a large bear flag. If you zoom in to the 1H you can see a rising wedge. There is also heavy resistance at 6500-6650 range. We will most likely drop to the 6300 range to the bottom of the flag. Then likely to continue to drop to test support at 5800 or once again test the top of the bear flag and...