Sherem

Sherem

This chart is pretty self explanatory, if we see this play out the yen will get crushed. Not trading this one as the timeline is to long but wanted to post this chart because I find it fascinating. -Sherem

Sherem

Tezos is either forming a major continuation pattern or it's getting ready for a major move down. This current formation remind me of the top in feb/march. Definitely biased to the downside right now Looks like my major resistance level has really held up at this $2.75 area. -Sherem

Sherem Updated 

While this lower high is on a smaller scale, it's also ratified itself on a larger time frame. RSI and MACD look bad. Short now or wait for the break. Less is sometimes a lot more. Be wary folks. -Sherem

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Bitcoin halved! yay! What does that mean? It means the daily sell pressure is less but it also means that miners now need price to be at $14,000 to break even. Yuck. Do you think some will capitulate at this level like the last halving? I think it's likely. How far down could we go? The last near term bottom was at $5,000 where major support is at. However if...

Sherem Updated 

While we have already seen a 33% correction in the S&P from the top of the market. There is a lot more downside in the cards still yet to come. We can see that if we begin this next corrective wave that we will see it reach a bottom some time in mid may, which would correspond well to the jobs report that comes out the first friday of the month. Technical's have...

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Link isn't looking to hot right now, we can see this trendline has been broken and link is now moving to the downside. We can also note the RSI formation as bearish and also that MACD is also rolling over. We should test $2.25 area again. If things get crazy again like last time we will test even lower. Happy trading and holding, -Sherem

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We can see that XTZ is hitting this major resistance zone that was previously used as support. If we were to roll over and break this trendline we could very well see XTZ go down significantly. Targets include $1.30 and .80 cents if that were to happen. Conversely, if we break up we could easily retest $3.50 again. Happy trading and hodling, -Sherem

Sherem Updated 

We are in unprecedented times right now with everything going on. With the world in upheaval, I want to layout 2 scenarios so we can look at some possibilities of what BTC COULD potentially do. What I think it will do if we were to moon or go down further. The BULLISH Case. The bull case is that Bitcoin is forming a massive continuation pattern as indicated in...

Sherem Updated 

It's been a rough ride for Bitcoin with the world in upheaval from the virus. With the stock market poised to open lower (at the moment) and with recession everything but imminent, it would seem that we could get a sharp correction here in BTC once/if we get a heavy sell off in the stock market as people are demanding fiat or USD. On the flip side it's also very...

Sherem Updated 

Most analysis's I read has the scenario of BTC going to 2k, then proceeding to moon in the near future. But what if we ROCKET up right now? Is this possible and could it happen? Before I get started, yes this is a little outlandish and more speculative then anything. Yes bears, I know I am wrong and I don't know anything technical analysis or have any charting...

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Survey: Would you buy or sell this chart?

Sherem Updated 

You might call it crazy to say and in the wake of everything, it probably seems like it right now. You can see who the real traders and risk managers are by who is around right now . The most disheartening thing to see was Jacob Canfield's twitter getting deleted. While I hope his account didn't blow up, it's probably very likely. This is why I adhere to a couple...

Sherem Updated 

Lot of potential right now for a move to the upside. I won't be updating things on this thread and it's quite volatile but if you take it, good luck! -Sherem

Sherem

On my last BTC idea I pulled the trigger and got back in just a little too soon, at the $8,800 level. Just 4 days to soon, what a difference a weekend makes, right? Let me break it down why I am hodling my BTC along with everything else at the moment. 1. Inverse head and shoulder formation. Now hitting support in this $7,700 area. 2. MACD, STILL sloping upwards...

Sherem

Pretty self-explanatory pattern right now. Look at this massive ascending triangle. If this doji closes I would imagine we would go up and complete this ascending triangle. If we break up, we are going up in a big way. Expect a slower steady move, but we could go up to anywhere from $7-10 Cheers, -Sherem

Sherem Updated 

If we look at ripple we can see a VERY similar pattern that we saw on BTC and ETH. We can see that MACD is gearing to turn up and RSI is also starting to turn to the upside. While a move down seemed imminent for a while with the head and shoulders we identified, that has indeed played out. We can see on the XRP/BTC cross that we are ALREADY at a bottom point....

Sherem Updated 

I believe we could turn up frmo here. Try as ETH might, we just haven't been able to break to the downside with any type of conviction, which leads me to believe that this very well could be the beginning of the next move to the upside. We can see how MACD has really been starting to weaken on the downside and that RSI is starting to arch back to the upside...

Sherem Updated 

I am entering BTC again here. We can see that this 50% fib has held up really well and BTC just hasn't been able to crack it to the downside. We can notice MACD turning to the upside on the DAILY. RSI coming off an oversold bottom and coming up, as well as an inverse head and shoulders pattern. Good enough for me to buy in. Cheers, -Sherem