The horizontal resistance line of $ 11,300 has become a good support, but this line is now facing a new bearish trend line. The outcome of this bear-bull match seems to me to be important: because it will be either a bull signal (breakout of the red oblique) or a bear signal (break support in white) ...to take a position accordingly. This bearish trendline has...
I'm "all in Bitcoin", nothing in the Altcoins for some time, and you? Interesting pattern validated: Ascending triangle with bullish target indicated on my chart ! DISCLAIMER: You alone are the master of your investments.
XLM suffers from its lack of use cases, its illimited supply, its airdrop that has plummeted its value, its recurring falling wedge on the XLM-BTC pair who are struggling to reach their target bullish reversal (see graph), the scandal revealed on its bug inflation in 2017. And its bug in the blockchain in 2019: network down for a bug in the validation...
Make no mistake: Ethereum takes colors in dollars, but it makes lose Bitcoin / Satoshis ETH-Hodlers On the pair ETH-BTC, I put you in evidence a first falling wedge whose target of turning bullish has reached its objective (top of the falling wedge). Then, Ethereum experienced a second falling wedge that showed that there was already a disaffection of investors...
In the first half of 2019, investors in crypto-currencies returned to fundamentals: The market speaks for itself about altcoins which are mostly empty shells. In 2019, obviously the market is not mistaken and plebicite essentially, not to say exclusively, the only cryptocurrencies that have the characteristics of RESERVES OF VALUE: Bitcoin and Litecoin. If we...
I will introduce you not a successor BITCOIN in the sense that it could eventually replace the latter (flippening in jargon) But a continuation Bitcoin intended to be an essential store of value alongside Bitcoin and Litecoin! This "BITCOIN SUITE" as it was originally called, was created by some of BITCOIN's talented developers, especially by the well-known...
In line with the background movement on Bitcoin, NEO seems to enjoy a bullish breakout on 2 patterns: a cup & handle + an ascending triangle in the handle! Trade Long: opening - target - stop loss shown on the graph. DISCLAIMER: This is not an investment advice. Do not blindly listen to any "guru". Invest only what you can afford to lose.
Each dump of these last hours is bought perfectly and simply on the most obvious trend line, starting from the last two latest bottoms. Then after rebound, this "support line" gives way. The next support is then bought in the same way, which gives way after a small rebound, and so on, as you can see on my left graph. And this already three times. The problem is...
After my proposal for an H&S followed by a Rising Wedge both invalidated therefore with positioning on a Long instead of the Short initially planned (see related idea) I now propose the possibility of a Symmetrical Summit Triangle with bullish target As usual, the trade is taken once the pattern confirmed with its breakout bullish and stop loss under the...
In line with the background movement on Bitcoin, (and my last idea for NEO !) CARDANO seems to enjoy a bullish breakout on 2 patterns: a cup & handle + an ascending triangle in the handle! Trade Long: opening - target - stop loss shown on the graph. DISCLAIMER: This is not an investment advice. Do not blindly listen to any "guru". Invest only what you can...
The possibility of an H&S with a bearish reversal, as I had previously proposed, will be invalidated if there is an upward crossing of the highest hypothetical left shoulder (approximately $ 8300) Which is quite possible since the signal given by crossing the Bearish Trendline in red (even if, on the dead cat bounces of 2018, I note that there was a pullback...
Following the invalidation of the potential Head & Shoulders proposed in my previous publications Two opposing scenarios depending on whether the resistance @ $9000 will be broken up or rejected from below: A bullish ascending triangle or a bearish double top! DISCLAIMER: This is not an investment advice.
Tradingview has not yet listed the price of KCS, the KUCOIN exchange token So I just posted an analysis on the France version, from cointrader.pro, which uses the Tradingview engine for almost all the altcoins I see that the regulation (KYC...) poses a lot of worries to our American friends... Coinbase for example... then from now Binance... Binance which has...
Quite in line with my alert of an Head & Shoulders pattern in progress. And as the H&S is always a complex pattern and very difficult to evaluate precisely as it is not fully formed with a breakout of his neckline, the Rising Wedge is one of my favorite patterns for its simplicity and reliability... so be careful with the FOMO on Bitcoin! Watch out for the...
Recent Blockchain (2017), but already in the Top 50 of coinmarketcap, ZILLIQA distinguishes itself by its advanced technologies: - Sharding: intelligent division of workload between minors - "home" language supposedly more efficient for its Smart Contracts I didn't buy ZIL in 2018 because I found it overvalued with regard to its strong supply of about 1 Billion,...
I've been reporting for a few days a H&S pattern on Bitcoin and Rejections that have confirmed on a Bearish Trendline Obviously, this is found on many altcoins and forks such as Bitcoin Cash I take this opportunity to add a simple analysis of transaction volumes, here on Kraken chosen for its (alleged) absence of wash-trading, but similar on other exchanges: we...
In order to complete my previous ideas that provide an H&S pattern: here is an update taking into account the evolution of Bitcoin's price Note that the height of the head is exactly twice the height of the left shoulder So if my scenario is realized, we should find this height with rejection for the right shoulder being created Target that also aligns with a...
Monitor the exit under the neckline that I have traced to you and if it occurs: H&S pattern with bearish target: $180 Chartist Rule: "If the left shoulder is higher than the right shoulder, the Head and Shoulders pattern offers better performance." This is the case DISCLAIMER: This is not an investment advice.