laiello

laiello

It's been a pretty crazy last couple of days. Obviously my evening star prediction on Sunday didn't take hold as the bulls just don't give up. Seeing as the volume for the green candles has been decreasing, it appears as if they are getting tired. In the chart above, I drew a parabola that began during massive accumulation occurring at the end of December '18 and...

laiello Updated 

We have been on a nice uptrend within the channel seen on the chart above. We got a string rejection upon attempting to break out of the channel, and today we have seen lower volumes with a lower attempted high. It appears that the bulls are beginning to lose steam here and the profit taking has begun. In addition, we are setting up for a potential evening star...

laiello

Hope everyone has had a good weekend! Here is a simple chart detailing how I see things going until the 4th of July weekend. The trend line begins from the beginning of April, which is when I believe this new uptrend began as you can see the massive buying volume that occurred on that day. I've connected it with another high-volume red day to establish the trend....

laiello

Hello Traders, let's get right into it. We broke above the downward channel that was started about a week and a half ago on strong selling volume. Despite seeing the upper channel line being broken, we resisted buying because the volume wasn't quite where we needed it to be in confirming the reversal. It was simply too risky. Once we saw the buying happen earlier...

laiello

Traders, As we can see, XMR and BTC continue to trade with a high degree of correlation along with the rest of the crypto market. All that differs is the percentage of change. Monero is more volatile, so expect higher percentages of drops and rises as we see this play out. There is a short-term downtrend as drawn by the channel lines, with some support at the...

laiello

Hello Traders, In this chart, I attempt to find some entry/exit points during this short term downtrend we seem to be in. The long-term trend line was drawn from the big surge in April, where I believe the new bull market began. To reiterate, I believe we are in a long-term uptrend with a short-term downtrend as the market consolidates and profits are taken. We...

laiello

Over the last month, we have seen the crypto market surge upwards. I've drawn a trend and upper channel line in the chart above to find entry and exit points. Friday's dump was a curse and a blessing, some of us may have lost but the channel is clearer now. We have entered at 8300, and is now our stop loss after having that position for a few days. If BTC does...

laiello

This hourly chart has the last 6 months of data, and I believe we are looking at another gap close and thus another drop. We hit an unconfirmed triple top about a month ago, which can explain some of the strong selling from this past week. I blame the worsening negotiations with China and Mexico over trade. Thus, I don't think this will drop to the trend line as...

laiello

Since we confirmed the double top last evening, BTC has shown no signs of real strength. The rally today is extremely weak and we see no signs of strength in volume to confirm much of anything. We have drawn a long term trend line from the beginning of what we believe to be the next bull market, around the beginning of April. From there we can see the double top...

laiello

Good evening, So it looks like we have hit a double top formation. I posted a long trade earlier and I was dead wrong, but mentioned that 7500 was my sell point because I feared for this formation. Once the price broke support, the double top formation was confirmed. I don't like shorting bitcoin, but I do feel we are heading further down as the double top...

laiello

Hello traders, So after we broke the trend/channel from yesterday, we once again found strong support at the 7750 level. The resistance line (red) is at 8400, twice confirmed. I still believe we are in an ascending triangle as the lows are trending higher and the highs are level at 8400. We do drop below support from time to time, but it is quickly bought back...

laiello Updated 

Hello everyone, This is my first idea ever published on here. I am new to trading and have some experience in crypto. Here goes: We have noticed the alt market has been completely pumped with direct correlations to each other. We have all seen this in the past, we know what happens next. It is pure speculation at this point as you have a better chance of being...