katakito

katakito

Just some probabilities to take into account this month.

katakito Updated 

Picture says more than a thousand words. (I will update as we go along)

katakito Updated 

Drawing triangles like a schizo can sometimes give you an edge. In this case the best indication that this correction has come to an end is if it breaks the upper "trend lines". But most likely, this is a squeeze, to milk the longs.

katakito Updated 

Interestingly, as we see here with magnification, we have basically created a small window of support and resistance. I think that, although the arrows and rectangles look like a circus, you'll probably get where I'm coming from. Tagging myself as Long from the support-line.

katakito Updated 

In not so many words, we do have a situation in BTC which is very psychologically driven with a touch of FOMO (Fear Of Missing Out). I might get into my thinking later in an edit. But I would like to get this "idea" out there before.. So this is a daily candle chart, and basically if we get a close in the green, or over 6k, then you can set your sell orders a...

katakito Updated 

As I predicted in my previous post, my gut feeling was that Ethereum is worth about €150, which we are at now give or take. But if you have a look at the 4 hour chart you see a clear trend line for this downward "bubble popping" trend. Yes, there is an upward trend from the over sold recent new low but I consider this a correction up to the trend line. If this...

katakito Updated 

In my analysis from yesterday, named Potential for the Bull, I wrote about the new €240 support being tested and that €250 would be the major resistance to be tested before we know in what direction this, relative stagnant 12 hours, market will go. I mentioned that €245 could become the new support, which it has turned out to be. If you only look at the short...

katakito

Yesterday I wrote that there would be a new cemented support at €240, which is being tested right now. If it can hold a "double dip" after bouncing at €245, or maybe even make €245 the next support to be tested on the next dip, then we have €250 to be tested. Passed that I would take part profit at €260 and go short if we break down under €250 again. If support...

katakito Updated 

So finally we had our bottom tested and cemented it seems. At least at a high probability. I timed a great spot for my long position at €225.51. As I'm writing my position is up 4.72%, and I feel very confident that we have cemented a solid support after couple of days of the Ol' Bear . My personal guess is that we keep going upwards until we meet some resistance...

katakito

It seems that there just wasn't any real energy to the rally as we have lost an important support line.. Expect a bit of a downturn.