TheChartWhisperer

TheChartWhisperer

To call this a "Double bottom" is a bit silly but there it is, the opportinity here is obvious as in other cryptos, but BCH is one of my 4 main bets after eth shib and dot. Yea its crap when it dumps, but holy cow do you want to have it when it pumps. 😏

TheChartWhisperer

This post is half joke and half serious. The target is serious, but I decided to add some funny Vitalik pic just to keep it fun. We just pushed on the other side of a huge bearish Ichimoku cloud (not shown on chart because of Vitalik pic sorry, was too messy xD) so now the bears are completely exposed. I believe we will continue upwards to the next important...

TheChartWhisperer Updated 

We have a doji, together with bearish divergence in the weekly RSI (which is also in overbought territory). This is likely the top. Coincides with BTC bottom, the two are inversely correlated. Chart of BTC showing signs of bottoming and DXY showing signs of topping out. For me it is clear what to do, now lets wait and see.

TheChartWhisperer

I didnt sleep much last night, the price of BTC was at a critical level, right on the 233ma weekly and fibonacci pivot points where I just had to open a low risk 5x long on ETH. SL would have hit if the price went below the pivot support - which it didnt. Basically caught the bottom! Further to this perfect support, I also was watching the ETHBTC chart, which...

TheChartWhisperer

I see Shiba here has quite a lot of potential. Here I am long by default just too much indicators are signalling. It is time to take a stand as a bull and collect bear tears. Shiba army assemble!

TheChartWhisperer

Right at this moment the price of XRP is trading at exactly the price level it reached at point B on the chart, which is the high after 3 months of pumping in 2017. It is a very serious support/resistance level that is currently support, but crypto in general is looking rather weak at this moment with Bitcoin finishing a 4th week below 200ma weekly confidence...

TheChartWhisperer Updated 

But why 233? Well, it is a fibonacci number and I have seen fibonacci numbers are very significant in trading in general for whatever reason. Maybe bots, maybe other reasons, but here's what I see: We closed below it for the first time and today/yesterday we tested exactly up to it and got rejected, it is now a resistance point and could send us into the bear...

TheChartWhisperer

Today we triggered a big SHS pattern on the charts, dollar is surging and has an active inverse SHS towards 111 region. Target for the gold pattern is around 1500 area which is also coinciding with previous resistance and near Fibonacci retracement. That would be a great place to open a good RR trade long, but for now this is short for me. Unless some crazy...

TheChartWhisperer Updated 

I also have a bullish analysis, because in a way this drop looks like it could be the bottom, but here I see something new - we have never really had a bear market on the monthly timeframe, only on weekly and lower. On the monthly, BTC has been in a bull run since its inception and it needs to breathe with perhaps one of the craziest bear markets we have seen, if...

TheChartWhisperer

Looking at this chart it shows every time the RSI of Bitcoin on the weekly has been 30 or lower, it was the bottom. So this means, in my view, that now is the time for long term investments to be made in this space. Together with my other analyses this makes a very strong case for the bulls here. There is always risk, but that's what the chart is showing me.

TheChartWhisperer

This pattern isnt the best looking, but inverse head and shoulders is one of the best bottoming patterns in general. We just hit the target of the bearish Head and shoulders that sent us here in the first place, so I have confidence in these patterns (Bearish shs idea from February linked). In case this pattern is not just a bull trap we should see target of...

TheChartWhisperer Updated 

Can easily be way off, this is a revenge idea because XRP has taken a lot from me as opportunity cost and time. The market does have a bullish impulse at the moment and I also have bullish analysis on BTC but putting this out here in case this happens to XRPoo what could be the lowest value it can go before its declared completely dead and its the fibonacci target...

TheChartWhisperer

After a previous bearish analysis from 40k where the target of the SHS pattern was 18k hit its target, I am now looking at this bullish BTC analysis. I post this image from another website because I do not have this indicator on Tradingview and it has been one of the best performing ones for me personally. This is the pivot points indicator with fibonacci values....

TheChartWhisperer Updated 

I am marking this as a short, because thats the current move in my view, but if the 20k support is reached this could easily be the bottom - it is inline with both old all time high (white) and the upward trending support from previous bottoms( yellow) 20k- all my trouble seemed so far away, now it seems the bears are here to stay o I believe in 20k... Suddenly...

TheChartWhisperer

This is an update on this same major pattern and I think just by how grand it is, it deserves another post here. This target has great confluence with the past ATH, so it makes even more sense now. After these few days of big testing of this neckline, it keeps on successfully pushing the price back, and so, I believe that we are heading towards the 18k target....

TheChartWhisperer

Yes, I am a moonboy! Here I have some magic beans for ya, if you want to trade me for your worthless depressing dollars.

TheChartWhisperer Updated 

This is another opportunity to short BTC from the top, if it does reverse here from the neckline, it already re-tested it perfectly on the small timeframe, but now it is testing it on the weekly timeframe, and if successful, the bears can send the price down towards the target which is around 15k. This re-test even turned me bullish when I know about this...

TheChartWhisperer

Here is a pretty interesting short, ofcourse it looks like madness, after its pumping like that, and many are very bullish on this project, but crazier things have happened. Personally not shorting it , but will be looking for this drop to around 1.38-1.40$ Luna had a similar setup and it dumped rather perfectly, check my other analysis on Luna for its results...