Just a close up of prior ideas (had some comments that my charts get too zoomed out). Anyhow, should already be short from higher up but if not short already, you should set your short orders for under 3500. Might as well wait for the confirmation.
Same fractal I've been posting. Just sped it up to reflect where I think we are. It needs to drop back into the triangle before it validates. Good luck.
S&P 500 is retesting. Given that we haven't had any sort of a pullback since December, there is a possibility it is putting a top in. Short it here with a stop loss just above resistance. A good place to think about unwinding some equity positions.
You might ask why: (1) Ether's price per daily user = $1,700,475.25 (14.67 billion / 8627 users) Google's price per daily user = $360 Facebook's price per daily user = $280 *****Using Google's value per daily user, Ether would have a price of 4 cents per coin***** (2) SEC still going after ICOs issued...
What I've been watching. Recent pump came a couple weeks earlier than expected but otherwise been on point. Best guess is a week perhaps 2 weeks hanging around here before the big dump starts to really develop. Good luck.
Just an idea of what can happen if Alt market cap doesn't break out. Not too far fetched considering Ether reached a valuation of $2,050,000 per daily user yesterday while Google is priced at a lowly $360 per daily user. Play it safe and don't FOMO my friends.
I was looking through some of the crypto news sites. I found exactly 1 article that said Bitcoin hasn't bottomed. All the others were calling a bottom and were super bullish. I was looking at the ideas posted on here. Most people think we've bottomed. Come on folks! Wake up and look at the chart. Seriously, does that look like a bottom? No way my...
Just a hypothetical future track for Litecoin. Lines up fairly well with significant supports and resistances. This would be about the same size drop as the last bear market.
Just a fractal I have been watching. Pretty self explanatory just waiting for next good short entry. For those who are bullish, I'd say we've found clear acceptance under the 4k level and we are consolidating under the weekly 200 EMA and weighted moving averages. It is only a matter of time before the 200 MA breaks.
Nothing exciting going on with Bitcoin. I expect more down but we could see more chopthrough March. I am short from up above but will probably close it due to the margin fees and will look for another entry. This fractal is something to keep an eye on. Best of luck.
This is an interesting way to look at Bitcoin's price. Before diving into the analysis, each green arrow represents when Bitcoin shorts have peaked. Each red arrow chart where Bitcoin shorts have hit the lower trendline. In terms of a pattern analysis, Bitcoin shorts appear to currently be in an ascending triangle. If that is the case, the presumption would...
Just a scenario I am watching. We got a pretty clear rejection at the weekly 200 EMA. That is bearish. We also have the weekly 200 weighted moving average sitting at 4800. To put things into perspective, it took us 10 months to break above the weighted moving average in 2015. The EMA also served as our floor back then (shown on chart below). So, I remain a...
In the last idea we went long at 85 bucks. It was a good trade. Now, it is time to think about shorting Ethereum. The chart shows why I think it is smart to go short. I'll be zooming into lower time frames to try to catch a really good entry. For now, I think it could go as high as 168 so that area would be a good entry if it can get there. Good luck with...
This is a simple line chart but it helps get the point across. Tons of people have gone all out FOMO on Bitcoin. They are probably going to get hurt pretty bad. Moving to the chart, you can see we lost that line that has been an important line dating back to 2011. Then take a look at the peach and purple colored lines. One (purple) is the weekly 200...
Keep an eye on this resistance. The market feels very bullish but I won't get caught long under heavy resistance like this while in a bear market. Above that and we've got the weekly 200 weighted and exponential moving averages as additional overhead resistances. We may break this and test one of those. In any event, I would preserve any gains versus holding...
Lots of people are buying into this pump and calling bottom. Don't do it. It seems as if we are in this wedge that will take us down to around $2700. Short with stop loss set on a breakout gives good risk/reward. Good luck.
EOS broke down from support and is now retesting it. A short of the retest offers minimal risk with a stop placed slightly above (it could re-establish this line and we don't want to get caught on the wrong side). Considering it is doing the retest after a 40% pump with little correction, it could be setting itself up for a huge failure here. If that is the...