Sherem

Sherem

Quick LTC update. We're rapidly approaching this $100 level. We break this along with BTC breaking down and we're going to go down hard. Not looking to buy for a while. We have the potential to go to 50. Best of luck, Sherem

Sherem

I haven't updated BCH for a while. Long story short. I wouldn't touch it... BCH had a major rally, but that's also because it was embroiled in a lot of drama and it cleared up... slightly... Call it a head and shoulders, call it breaking trendlines, crappy macd, crappy RSI, whatever. I call it weakness. If we break 350 we go down hard. Best of luck on this...

Sherem Updated 

Gentlemen, folks, traders, friends. As I am writing this, we're getting a lot of movement in BTC right now. the last couple posts I have made have gone over how I really think this rally is unstainable. Seems I a little to early to that party. But the crypto market in general just isn't throwing off moon signals yet along with some other indicators. We made plenty...

Sherem Updated 

In short, I believe the answer is yes. ' With this wicked red weekly doji printing, it seems apparent that if we break this 275 area that we'll push much further down to this 150 zone. Maybe even a spike through before it bases. Expect some lethargic action here in July as we move down. Exercise patience and get ready for the buy zone. This 275 area is...

Sherem Updated 

I am the Canary in the coal mine. If you are following me this last retrace was no surprise. While the volatility of the last retrace was certainly a surprise and violent, the fact that it did should not be news to anyone that follows me. If you don't like surprise's then look through my past ideas and give me a follow. Of course if you want to continue reading...

Sherem Updated 

If we fail to break above 50 cents and the market starts turning, make sure you have a stop loss in place. While we have an ascending triangle type pattern, we have also still systemically been creating lower high's. Is it because of Libra? Does libra void ripple out, or is ripple still relevant with the purchase of money gram? Hmmm. Happy trading and hodling, -Sherem

Sherem Updated 

*Warning this post may induce stress form people that bought high in BTC and are hodling from 10.5k+. Before commenting, please read some responses to what people might say. "Sherem this looks like MPC's post" Yes, except MPC flip-flopped about 50 times on the way up from 4k. If you go through my history I had a very sound strategy to ride that out and make...

Sherem Updated 

It's very clear that there is a ton of upside pressure on BTC right now. Any dip in the last few days has been met with aggressive buying. BTC could go up higher. I don't know where precisely it will turn as this is crypto and pinpointing that exact moment can be difficult. But let me lay out what I am looking at for the turn and why I think it's just a matter...

Sherem Updated 

Friends, Traders, Gentlemen and women, welcome to some thoughts on Bitcoin. Today, I want to go over some thoughts on Bitcoin. Everywhere I read people are saying BTC is going to the moon. There are moon projections all over and some of them are quite good. But will it moon this soon? and if it does, why? I am playing Devil's advocate here to every single moon...

Sherem Updated 

Bitcoin has proven really interesting lately. our head and shoulder pattern didn't form which is unfortunate. But if you shorted it, you should have gone in light and it shouldn't have made a difference since we rode this thing up from 4.5k for a nice profit. If you did short it, your short should also still be active and have stops just above 9.1k. Lets observe...

Sherem Updated 

LTC is back in this pitchfork channel that I had previously drawn. Look at the RSI, we have had not just one divergence, but another on the daily chart! Oh snap. This is a pretty strong indication that more downside is going to be in the cards. If BTC starts collapsing as i think it's going to, we will see this LTC go down to 100 at least. If the 100 level...

Sherem Updated 

Actually, no. Don't. Have patience and exercise discipline. We have had a very good run and we made a really nice return already on the way up from BTC 4.5k. Right now is NOT the time to be overzealous. In fact, if BTC can't push above this 8300 level, it will make a perfect short. Be wary, shorting BTC in market that is pumping can be dangerous. I mean it always...

Sherem Updated 

One of my last analysis' outlined that ETH could go up to the 450 area. While I still believe that is true. It's pretty clear we are getting a pullback, as per my last post. If you missed it, make sure you read it, it goes into detail on why we are getting a pullback. This analysis, I want to look at how far we could go before we go up again. If we are headed...

Sherem Updated 

It's been a while since I have gone neutral with my stance on Trading View. We had a great run from 4k all the way up to 8k and took profits all the way up. Now, I am reverting my stance to neutral. You could even arguably short it right now. While i won't, let's go over some technicals on why you could. RSI Daily Divergence Confirmed. This is a huge...

Sherem Updated 

Welcome everyone to this analysis on ETH! I don't normally do fractals, but I want to point this one out to you. i remember posting about it and remember how similar things were. Before I do, lets recap and then get right to it. Our last analysis on ETH identified that ETH was at a crossroads. That it was either forming a massive bull flag to rally more, or it...

Sherem Updated 

Is it possible that ETH is just forming a massive bull flag? Or do we drop more from here? In my previous updates I pointed out that the divergence on the daily RSI could be a problem. What's interesting is that ETH decided to bust up $20 or so to 290, before dropping all the way down to 240 rather quickly. It's been some time since we have seen a move like that,...

Sherem Updated 

Hi folks, welcome to this analysis on LTC. We have had quite the run thus far and have seen LTC make new highs all the way to 120. We have had positions long on LTC from 70ish, some lower, some higher depending on how you did your ladders and entries. Right now, we want to protect our profits and see if we can't re-enter at possibly a slightly lower price. But...

Sherem Updated 

Welcome everyone to this ETH update. We have had a lot of moves on crypto today. Let's get right to it. First, we are still targetting the 450-500 area. We can notice in the lines I marked up in purple that Ether is currently forming an ascending triangle and is going to break out very shortly from these highs. While BTC has broken out and has gotten a large...