surlybadger

surlybadger

Targets 1 and 2 have been run, we might see the Head and Shoulders target from January as well. The double top in early February performed extremely well, blocking upward impulses.

surlybadger

Dead cat bounce should emerge from the recent price movement and though ETH seems extremely oversold we might see some more move to the downside afterwards. If I had to guess I would say the pattern is going to be shorter than previous ones given a buying spree will quickly exhaust itself before more agents sell or go short.

surlybadger

Lufthansa announced record earnings after this year's acquisitions of Air Berlin and Brussels Arlines. Strengthening ties with US companies is also a good sign and efforts to make the company as lean as possible seem to have pleased markets. Technically the surge since Trump's election has been impressive and the recent double bottom points to potential...

surlybadger

Currently considering IAU as a hedge against potential downturns in the $ and/or in US markets. The trade isn't strictly technical, though we could say the price looks slightly over extended at the moment, so I'd wait until support is hit and an uptrend emerges again. Trade thesis comes from the increasingly likely possibility of an asset bubble deflation with...

surlybadger

It seems like you can't get enough of ETH shorts, though there might be reason to believe the selloff is far from over. The target from the head and shoulders is actually around the 0.0425 mark, but we should consider traditional technical analysis could be out of its comfort zone when looking at ETHBTC also given the low trading volume now compared to December....

surlybadger

General mood around crypto is very negative. Overall market cap down to just $293B from its peak around $800B in December. Bearish sentiment is taking over as technicals show signs of big selling. One of the biggest indicators is OBV not reaching a decent level at the second peak on March 5th. The double top doomed BTC and we now see targets for a short term flag...

surlybadger

The company's fundamentals are strong and momentum is undeniable. The stock's on balance volume wasn't as affected as others during the recent volatility surge and we're now looking at an ascending base pattern. Bollinger bands converging are a great signal as well. Will personally trade once a breakout with good volume shows determination. Since market sentiment...

surlybadger

Looking at today's trading I'd say we're headed for another spill after the most recent flag formation was broken. On balance volume was seriously damaged by the correction and I wouldn't be surprised if the target was met within the end of March. Outside the chart crypto market caps are dwindling and this might be the start of a slow decline that will eventually...

surlybadger

While this trade may take some time because of retracements, flags or other dead cat bounces, we will see the target being met once the price moves below 9320, the double top entry level. I would place a stop loss around the 10000 mark, given its psychological importance.

surlybadger

While we could spend days talking about crypto as an investment for the long term or news upsetting the state of the world, chart reading provides clear signals to evaluate Bitcoin in particular. Sitting at 42% dominance the world's biggest coin has somewhat recovered from the altcoin days, but is now showing clear signs of weakness. The head and shoulders pattern...

surlybadger Updated 

CAN SLIM fundamentals on CRM means we can move on to technical analysis. Three rising valleys on the weekly and a recent cup with handle make this a buy. The element of risk in the trade isn't due to the stock itself but to the market which could turn sour after Powell's speech yesterday.

surlybadger

Buy below 1, Sell above 1. Easy money unless tether becomes a fractional reserve system. There have been conspiracy theories going around that the amount of dollars doesn't match the tether amount, but until we get some more news about that arbitrage still stands.

surlybadger

OBV advancing throughout this volatility funnel shows positive sentiment and breakout at 1.135 shows target at 1.452. Stop loss to be placed at 1.1

surlybadger

Low volatitlity, low volume compared to Dec/Jan, but this pattern is still valid. Target around 0.0433 Not short ETH myself

surlybadger

With OBV picking up and price breaking the psychologycally significant 10000, BTC is not at all dead despite the capitulation from the 19300s. We'll probably see some sort of adjustment around the current level, maybe a flag of some sort.

surlybadger

Price has indeed broken out of volatlity restricting pattern. Conservative target at 170.

surlybadger

Looking at the stock through Can Slim lens and the current state suggests a breakout to the upside might occur. Will be watching closely.

surlybadger

With this clear breakout from a volatility funnel within a volatility funnel we can expect the 1.3 target to be met quickly, with volume on the bull's side.