Taiwan_Bear

Taiwan_Bear Updated 

Hi All, SPX is currently testing the three and half months trendline (white) as well as the important structure of 0.618 retrace between the 12th March high and the 2nd April low. I think the SHORT scenario is more likely to play out given the strong resistance, However, if it does break above the resistance and retested the trendline or $2705 as support, I will...

Taiwan_Bear Updated 

Hi All, I just spotted similar patterns between Stellar & EOS. They both broke out of the downward wedge, thereafter formed a upward channel, then broke above of the channel and retested the channel as support. If you have followed my previous TA on LTC, the same logic/similarities happened between ETC & LTC, although LTC didn't shoot up as much as ETC. ...

Taiwan_Bear Updated 

Hi All, If you are already in EOS and made profits, congratulations. However, be careful as the dump can happen anytime. I am not saying it will 100% to go down, but by looking at the trendline and other indicators, EOS might drop to around $11 or 126 sats. The chart above (EOSUSD in log scale) is a chart that I have posted yesterday in the comments section of...

Taiwan_Bear

Hi All, DGB is another great alt coin to hold long term. Reasons for investing in DGB: > Top 53 altcoins by market cap > Great dev > 96% drop since All-time-high > Been accumulating for 4 months around the 0.886 retrace @ 0.00000341 & 2 months below the 0.886 retrace > DGB price turning upwards with the possibility of cup and handle formation If you are a...

Taiwan_Bear Updated 

Hi All, I have received some requests to update my TA on BTC. The reason that I haven’t been posting a new TA on BTC for a while is because: 1. BTC is still going up inside the uptrend channel in which I have posted in the updated idea section in my latest TA on BTC 2. I have been cautious about giving advice since the short squeeze in April. I knew some of you...

Taiwan_Bear Updated 

Hi All, Within the past few days I have seen quite a few traders posted their idea about NEO and how it found support at the trendline. However, I have not yet see any trader posted from a log scale perspective in which I have found the pattern looks more apparent on the log scale than on the linear scale. I am not here to predict which way NEO will go - whether...

Taiwan_Bear Updated 

Hi All, Stratis is one of the altcoins that I can really see a huge potential with low risk. Reason for investing in Stratis: > Top 40 altcoins by market cap > 91% drop since All-time-high > Been accumulating for months at the 0.886 retrace @ 0.00058 > MACD positive div since 2017 > RSI higher lows This may not be a great investment if you are looking for...

Taiwan_Bear Updated 

Hi All, While BTC is still consolidating and holding inside the ascending wedge, I have been requested to post some of the alts. Here is one that I can see some potential in which it has not been pumped yet in the recent alts run. From the chart you can see Walton has found some support at 0.001281 and slightly turning upwards. MACD is showing some bullishness....

Taiwan_Bear Updated 

Hi All, You might have noticed the ETC pump that is happening right now. If you have missed the boat, there might be a chance on LTC. If you compare ETC & LTC, you can see the patterns are extremely similar, which means LTC might break out as well. Unlike BTC, and many other alts, LTC has not yet break out the downtrend channel in log scale. I expect LTC to...

Taiwan_Bear Updated 

Hi All, I will try to be more objective in this TA, although I am still leaning towards bearish . Below I have provided the reasons behind the bearish and bullish scenario and how I would trade for the two scenarios: On the bearish side: 1.First and most importantly, we are still inside of the downtrend channel . The price pump in the last few days were mainly...

Taiwan_Bear Updated 

Hi All, Yesterday’s pump has squeezed out most of the short positions. The pump was very aggressive BUT keep in mind that we are still in a downtrend channel. Remember when I said to you back at the end of March that I think the whales is going to pump the price up and break above the top of downtrend line in the linear scale so people think that a new bull run...

Taiwan_Bear Updated 

Hi All, JUST TO MAKE MYSELF CLEAR - I work for a high frequency trading company and from the indicators and formulas we utilize, there is still a 93% chance of BTC hitting 4.4k. It's just a matter of time. Most indicators were suggesting the 13th range but after the news for war they are going back and forth but the end result is the same. The chart above is...

Taiwan_Bear Updated 

Hi All, I have to admit the current price action is confusing me as hell. The price keeps grinding up while there is no much buy volume. From the chart you can see that we are still inside the descending wedge in which there is still plenty of downside potential. As well, we are in a triangle that looks like an ABCDE correction pattern is about to complete....

Taiwan_Bear Updated 

Hi Guys, Today, I would like to show you the chart from a bigger picture. On the 4hr chart, you can see there are some similarities between the end of March and now. if you look at how I draw the different blocks as well as the duration it took to form the two sets, they just look so similar to me. From the daily chart below, the pattern in Jan looks so...

Taiwan_Bear Updated 

Hi All, Today I will spend less time on TA. As you can see from the chart, it’s simply a bear flag in which everybody can tell from the chart easily. What I would like to tell you however, whether you believe it or not, is “Cartel Analysis”. I thought you might find it interesting. Did you notice something about the huge pump yesterday? After I said it’s about...

Taiwan_Bear Updated 

Hi All, Not sure how many of you would like to see TA on SPX, but I thought it might be beneficial to some of you. If you would like me to keep updating SPX, please PM me as sometimes I get too focused on Cryptos and completely forgot about SPX. Just like 30 hours ago, when SPX hit right on the top of the downtrend channel (circled in yellow), my alarm did not...

Taiwan_Bear Updated 

Hi All, ETH is pretty much following the direction of its big brother BTC. However, you can see the previous 4hr candle, ETH has surged to right on the 0.236 retrace @ $403.79 and got hit in the face, forming a huge wick on the candle. It signifies that the sellers were able to push the price down significantly. If you are going long, that's certainly not a good...

Taiwan_Bear Updated 

Hi All, Welcome to the Taiwan Bear talk show again. I have always been calling financial institutions and manipulators “The Whales”. Then I read something interesting last week which it suggests it’s called the “Cartel” instead of The Whales. If you would like to read about it, I will be posting the link on my Twitter shortly. Due to TV’s house rules, I cannot...