TheForecasters

TheForecasters Jan 31, 2021

ETH can be seen to trade in a large ascending triangle and in theory this is bullish, if wee do see a breakout to the upside that will take ETH to new ATH's. We are currently looking at an interesting trade opportunity around the 1270 area which is the bottom of the trend line and lines up perfectly with a strong level of support as well as the 4hr ichimoku...

TheForecasters Jan 31, 2021

We can see 2 options here on BTC. It can be seen to have broken out of the first descending triangle to upside and now testing it as support, however it is struggling to find support and is trading within this triangle again. As you can see it can also be drawn that BTC is still trading within an even larger descending triangle and is now on its way back to the...

TheForecasters Jan 27, 2021

XMR is trading at a very important support level and with BTC testing that support once again can alts like XMR keep there support in tact. We feel there is a healthy correction on the way. If XMR does break this support we can see it trade as low as the 100 dollar area. - - - - - - - - - - - - - - - - Disclaimer: The content covered in this channel is NOT to be...

TheForecasters Jan 27, 2021

BTC has hit this support more than 15 times on the 1hr TF now and keeps trading below the 34 000 dollar area, it has only been able to overcome 34 000 dollar once and was rejected quite hard. Even though BTC seems to pulling up every time which can indicate that the bulls are in control however it might be that this is support is getting weaker and weaker and we...

TheForecasters Jan 26, 2021

BTC is still trading in this large descending triangle and has hit the bottom support line more than 5 times which means it's getting weaker, it is also currently testing this level again and we can see a breakdown of this pattern quite soon. If it does break down we can expect the BTC to trade as low as 19 500 where it's previous major support was. We have small...

TheForecasters Jan 26, 2021

After making an ATH ETH got rejected by the resistance and seems to want to trade much lower. We can expect it to find support around the 1270 level as this area has acted as support and resistance level before. If it does break this support level we can expect it to trade at the bottom of this parallel channel. - - - - - - - - - - - - - - Disclaimer: The content...

TheForecasters Jan 22, 2021

After ETH made an ATH by a few dollars it got rejected and lost 28% of its value in quite a short time, however it seems ETH has made quite a good recovery so far and can be trading in a large parallel channel. It seems the 4hr ichimoku cloud acted as a nice support as well. ETH does have some resistance up ahead but if it can overcome that we might see another...

TheForecasters Jan 22, 2021

I think we can see BTCUSDT trading as low as 18 500 dollar area in the near future if and only if it doesn't establish another new higher high pretty soon and in order to do that the price of BTCUSDT has to rise with 25% and then we would also need to see a new All Time High after that for it to break this pattern and that is more than 40% from its current price....

TheForecasters Jan 22, 2021

BTC seems to be trading in a very large descending triangle as it found support at a previous support level. However you can also say it is struggling with resistance at the 32 000 dollar area which lines up perfectly with the 200MA on the 4hr Time Frame. We can see BTC overcome this however and we will start looking for short opportunities at the upper trend line...

TheForecasters Jan 22, 2021

While BTC has lost almost 1/4 of it's value all the alts are trading lower. For XMR it seems to have found support around the 130 dollar area which has acted as previous support and resistance. This could be a potential bounce for XMR although it might also be too early to tell. BTC seems to be trading against resistance and if it does get rejected we might see...

TheForecasters Jan 20, 2021

XMR was rejected by that 4hr ichimoku cloud and came back to test support the 150 area. Like we said Long opportunities will be looked at but only once it overcomes that cloud and turns it into support. Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice. I am NOT a financial adviser. These are...

TheForecasters Jan 19, 2021

XMR is trading in a nice range and seems to be bullish, however we would only to start looking at it once it gets above the 1hr ichimoku cloud as well as the 4hr cloud. Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice. I am NOT a financial adviser. These are only my own speculative opinions,...

TheForecasters Dec 6, 2020

The content posted in this channel is strictly for entertainment purposes only! XMR is showing signs of a possible bullish reversal. Reasons for this: Bullish RSI divergence has been confirmed RSI has a beautiful trend line and has confirmed it a few times now establishing support. Reasons for entering this trade: Low Risk Tight Stop Loss High Reward BTC...

TheForecasters Oct 2, 2020

This analysis is only meant for educational purposes and is not meant to be financial advice. Please take care when trading the markets as you do so at your own risk. Here we can see BTC being rejected from a strong point of resistance and making a lower high at around 10 800. Following that we can also see BTC held support at a key level. We might see a short...