Author: Matthew22

04/22/2016 Etheruem Technical Analysis – Trend-line Support

Etheruem on Trendline Support.┬áThis is an update from previous analysis where we spotted a possible bullish reversal pattern we cited.   It has been a long trading week so I will make this brief. The trendline in question (one in purple) gave us support on two separate occassions. The trendline starts at 3.17 . The second more recent touch is at 7 give or take a few cents. The market …
[Read More]

Ethereum Technical Analysis 04/16/2016 – Potential Reversal Pattern

Ethereum bullish potential reversal pattern. A few weeks ago we spotted a potential Head and Shoulders pattern on this pair, which although didn’t play out exactly as it should have started the downtrend in this pair. That Head and Shoulders pattern failed in its symmetry class hence the sporadic follow through. Fast forward a bit and we have found an inverted Head and Shoulders pattern and this again has failed …
[Read More]

Bitcoin Technical Analysis for 04/16/2016 – Broken Triangle

BTC has emerged from a broken triangle to the upside, which we had previously written about. Here is the long term picture on the daily chart: We are above all the downward sloping trendlines connecting the previous highs. On a shorter timeframe 4 Hr chart we also broke out of our recent triangle (see below). Using the height of the triangle the bulls target would be $500 see blue lines …
[Read More]

Ethereum Technical Analysis for 04/11/2016 – Returning Volatility

Volatility is returning to Ethereum pairs and thus we take a look at ETH/BTC. I stated before that my fundamental bias would be bullish towards this pair, however that isn’t what the fundamentals suggest as make lower highs and lower lows. This generally suggests that the bears are in control. We can see a possible channel pattern developing for this pair as well. My experience suggests that the top trendline …
[Read More]