CuddlyCuddles

CuddlyCuddles

It looks like the longest trendline in the history of bitcoin has been broken. In addition it looks like the previous downtrend is being retest. Its highly possible we enter a long period dominated by the bears with prices reaching lower. If its just retesting the previous descending channel, it has to retest the trendline (highly improbable it will make it through)

CuddlyCuddles Updated 

Hello All, I wanted to talk about bitcoin and its current price action. I know that I have said that the price of 9550 is a wall, but I believe we will be blowing through it sooner rather than later. The reason why I believe this is that price action currently looks like it is forming a cup and possibly a handle, it is possible for this to simply form a cup and...

CuddlyCuddles Updated 

Hello All, So far, as we have seen this current market, Ethereum--previously a strong performer-- has been under performing, however, it has a strong pattern here with the chance of a classic failure swing, as the second bottom could not approach the original bottom as closely. This failure swing is denoted by the yellow strokes on the chart. There is a...

CuddlyCuddles Updated 

Hello All, This is an exciting one, as litecoin has broken out of its inverse head and shoulder, here we can clearly see that the right shoulder is very small compared to the left shoulder which is a really bullish sign. The price objective of the inverse head and shoulder pattern is approximately 90, and, although, we are up against a small section of...

CuddlyCuddles

Hello All, I am trying to be more consistent with my publishing and I wanted to post this since litecoin did break through the purple resistance. There was some sort of inverse head and shoulder, and it broke through the resistance, currently for the macro picture. it looks like it broke out of the descending channel in purple. This is really good as currently, it...

CuddlyCuddles

Hello All, In my previous analysis about XRP:BTC I mentioned that this appears to be accumulation. Well, presented in my chart, we can clearly see the double bottom outlined in purple and the current downtrend is actually a descending channel (light blue) which is bullish. It can be seen that price action has tested the upper trendline of this channel and so far...

CuddlyCuddles

Hello All, Today the market looks weak, it appears like we are going to reach a lower point in order to consolidate. However, this is a double top, we were shy from my goal of 9400-9600 by about 400-600 dollars as price action was only able to make it to slightly over 9003, thus the price target was a gross over estimation on my part. In purple, there is an...

CuddlyCuddles

Hello All, So far on Gold, it has been solid, except for the last two weeks. This is due to the fact that we are up against the support of the previous top which has classically turned into a point of resistance. The previous weak printed a shooting star candlestick which the Japanese termed to be a symbol of a stock/commodity/etc. "rising in agony." As long as...

CuddlyCuddles

Hello All, For today, I wanted to talk about Bitcoins current price action. In my previous analysis of bitcoin we discussed the inverted head and shoulder and its price objective of 8500; in addition, I suggested that bitcoin would re-enter an uptrend. This analysis is a continuation of the previous, however, I will be analyzing shorter term movements. Keeping...

CuddlyCuddles

Hello All, Today, I wanted to talk about the possible accumulation on XRP:BTC. The reason why I am claiming that there is accumulation happening is that once price peaked (approximately 3780 satoshis) from the first bottom (approximately 2360 satoshis), the decline in price action formed a bullish falling channel. In addition, there is a weekly inverted hammer on...

CuddlyCuddles

Hello All, In the past, this has been one of my favorite crypto currencies to trade simply because it was very volatile as it has expansive upward movements that isn't always met with the same aggression downwards making exits simpler. However, I currently have a huge problem with this chart. If you can identify it as well, then, it is probably serving as a...

CuddlyCuddles

Hello All, I find it important to notify everyone reading this that since I am considering a reversal throughout the whole market, and since BTC out performed all of the other major cryptocurrencies last year. If we are going into another uptrend, it is important to identify other possible cryptos that may have a stronger run than BTC if the goal is to maximize...

CuddlyCuddles

Hello All, I have been sitting on this chart for a while and I have been meaning to share it, but after it has been hard for me begin to publish again, but that is trivial. Anyways, I hope you all enjoy this chart. Let us start with the daily chart. On the daily chart, we can clearly see in light blue that we are up against resistance created by the descending...

CuddlyCuddles

Hello All, I wanted to post this chart on the alt market, I have posted anything in a while but this seems important to me. In my previous analysis for the alt market, I was looking for a double bottom, however, this is all I think we will be getting as the downward momentum is weak right now. The weakness of the downward movement is supported by the fact that...

CuddlyCuddles

On the last analysis I left for ETHBTC pair, I didn't really have much of an idea of whether the market was going to dip, and if the market would have dipped, the alts will generally take a bigger blow than BTC. This theory was the backbone of my previous analysis, however, the last price point was successfully defended. The Chart: The price action is just...

CuddlyCuddles

It has been tough trying to accurately cover the cryptos are the moment which is why I haven't been posting as much: it does appear we are in a bear flag for all cryptos, but price action looks more like accumulation and it continues to look like accumulation. The Chart: The RSI appears to be making a long term trend on the 4 hr time frame which suggests to me...

CuddlyCuddles Updated 

In my last BTC/ETH analysis, I suggested that the price would increase to around 2000 satoshis and then I suggested a drop afterwards. Once price hit 2200 satoshis price dropped and quickly recovered. However, it looks like there will be a longer term drop that will occur. The Chart: Currently, ETH is having a difficult time crossing the 2200 mark and it is...

CuddlyCuddles

In my previous analysis, I was bullish; however, I did state in a BTC analysis, that if BTC were to fall in price, the rest of the market would follow and the rest of the market followed BTC's drop in price. The Chart: It appears like XRP is currently in a bear flag, as the highest point of volume is in the respective drop. However, there is support on the...