WAVES/USD A PATTERN SEEN! As I looked into the chart of waves/usd, I saw a pattern that begins with a sinusoid look alike graphic and ends with a flag. As this occurs 3 times in a row, I can confirm this pattern will go on. Ofcourse waves/usd is related to bitcoin. So this means it will follow up bitcoin's downtrend, which I expected in the previous idea. SO, I expect a short on the short-term. When Bitcoin will rise again, waves will follow up his trend. Maybe later then the actual rise of Bitcoin.
For now we are in the flag. So Waves will rise a little this period. After the flag I expect a short. A period of swing will follow up with a happy end, namely a bullish trend (the stick of the flag).
Please take also a look to the other waves, just by zooming out and in.
Crytpocurrency
Ethereum Long At WK DemandLooking at going long from the WK demand zone drawn if price retraces to there.
Otherwise I will look for confirmation for a long at 50% retracement on the latest WK imbalance, or confirmation for a long if price reaches 20 EMA on WK chart.
At this point who knows, we may not see a solid pullback on popular cryptos in the foreseeable future!
Happy trading all!
Iota Vs Ethereum : Survival of The FittestTotally Long, beautiful point to parachute oneself beyond the stars.
I entered in a long position at 0.00668 but in december the 13, seven days ago.
Happy & Fierce Trading !
Happy x-Mas / Happy New Year //
ENG: Possible Outcomes (Update)BITTREX:ENGBTC has been on the recovery path but has seemingly hit a wall during this alt rally, It has been testing support at the 5300-5400 and support has succeeded in holding the price up. I'm still bullish on ENG and will be until support is breaks down. I imagine a upward move playing out with ENG reaching the 6600 price level, and a downward move taking it back to previous resistance.
Litecoin building a base for the futureWhat a year for $LTCUSD up 11,700%!!!
Litecoin and Charlie Lee get it, they know where crypto is going and see the massive tsunami of users coming in and they're helping build the platforms that will better on-board this tsunami. I'm sure you or someone you know has been stuck for weeks trying to get confirmed with Coinbase Gemni Stamp you name it. There are HUGE bottlenecks.
Charlie knows Litecoin is not something that is going to replace Bitcoin, but more they work parallel with each other. This is an important thing to distinguish in the crypto space as many alt coins will market themselves as those who will replace Bitcoin because it is "broken". But for some reason these same people will trade you their alt for bitcoin on their ICO/crowd fund... Don't you find that odd?
It is hard to imagine more growth from here short-term pushing us past 12,000% growth in a year. Litecoin has a great range to consolidate in and keep this very much a healthy bull cycle. Average in, and get ready for the ride coming in March when I predict Litecoin will be pushing $500USD.
Market Comparison - What Will Happen to Altcoins?The question on everyone's mind right is... When will the altcoin market recover?
WHAT IS GOING ON?
There seems to be a serious misunderstanding on the way markets move, I see a lot of comparisons to the tech bubble, although from a cyclical standpoint the principles are similar, you need to realise that the details will always change.
As you can see from my chart I have listed XRP, ETH, LTC and DASH which are all quoted against BTC.
Let's take a look at all of these trading pairs individually.
1. XRP/BTC
As you can see from 2014 to 2017 price went through a major correction of 95%, imagine you were holding XRP from the top... This is how many of you may be feeling right now.
Many of you could still be holding XRP from the previous top.
Price has corrected the exact same amount as it did previously, we're currently sitting at a 95% correction for 2017.
2. ETH/BTC
Ethereum went through a major correction which lasted over 9 months, this decline was 80%.
Now we are experiencing a similar move, the current correction started 6 months ago and we are at a downfall of 83%.
As you can see price has kept a stable price structure on the weekly chart, providing a solid support level at the current price.
3. LTC/BTC
86% decline from 2014 to 2015.
90% decline from 2015 to 2017.
Where are we now? Currently in a corrective phase at a 76% decline.
4. DASH/BTC
90% decline throughout 2014.
80% decline throughout 2015.
Current decline at 73%.
I don't want to drag it out too much, you guys get the gist of it.
I mentioned in my BTC analysis yesterday... "as a general rule, the greater the amplitude of price during the major phase... The greater the correction will be".
Think about this in comparison to the charts shown, you cannot expect an asset to increase 10x or 20x and correct 30% followed by the same move consistently.
I recommend to take a step back from the charts every now and then and evaluate what is truly happening, the altcoin market won't disappear overnight.
This may be a wake up call for many of you, from this point forward start taking your trading/investing seriously instead of buying into pump and dumps or chasing 1000% returns on sh*tcoins.
I want what is best for everyone, don't take that too personally :)
Just to add I used a logarithmic scale for all 4 charts.
I will be adding more analysis to this idea, there's so much that I could not cover it all in one, I've got a lot more thought behind this.
This post is open to discussion, feel free to leave your own analysis below.
BCHUSD possible scenario BCHUSD has been ranging within an ascending channel formation since mid Nov. With the recent flash crash it saw a retracement to the lower parallel line as well as 4H 200 EMA at 1100. Since then demand has picked up and a new ascending support line is forming. Should demand prevail, lower support line hold and if price breaks resistance at (1), likely further move is to the upside with target the upper parallel line of the channel and 100% Fib extension.
$PAY TENX midterm predictionsExelent fuyndamentals. extremely undervalued crypto. Ithas an exsiting working product very useful in the near future. it has completed its first market cycle and seems to be starting a new cycle. Most crypto OGs know well of this crypto its just under the radar because it has not been performing well in the last few months but given the 5 wave we are about to start I see this code in an accumulation period for the new cycle its about tp start. To the moon!
BTC Big Bull BounceAfter hourly oversold conditions, the bulls bounced over $400 to a complete recovery almost hitting new all time highs.
Higher lows continue to form on the bounce on the hourly, keeping the bulls in full control.
Dont be afraid to set a break even stop loss on these bounce plays for BTC
Worst case you are out break even... best case you are in on the pullback before new all time highs.
We will either see a new all time high today, or lose the hourly higher low pattern to head back to the low of the dump.
Bullish Short Term PredictionLTC Retested longer term close resistance of $70 and tried to get to get through short term resistance of $75.50.
I suspect it consolidate around $74 and probably will retest new support at ~$72 over the next day before firing up and to $80.
RSI and MACD still look pretty good; however RSI is close to overbought. Volume has also been higher than from October Rally and is going up.
oh bcc are u the new king 1st target checkbcc are u the god coin slayer or is this just china related news pump!
$CVC Trend ReversalHey Guys,
I just charted this, let me know what you think.
We were sitting at the bottom of the fib retracement a few days ago and had a some large pick ups.
From the previously established trend line in the first break out and break down. we can see that CVC sat right on top of the support for a while. It tried to break out a few times as you can see from the trends to run but failed.
We should be seeing a breakout soon.
Another indication of this coin has reached the support is due to the fact that even during the btc spike, cvc recovered and held its ground.
Once cvc breaks out we can see a large amount of gains. However, we will be encountering some resistances along the way. This is both good and bad because you can take some profit by scalping but it will take a bit of time before it can fully reach the ATH.
Bitcoin to $4590!!?Bitcoin has broken the uptrend. I calculated some targets to the downside. First support will be around $5100.
I expect bitcoin to go lower.. till $4590.
Why do I expect this fall and how will it go? This was wave 5 of the daily uptrend.
Now we will see an abc correction. So one wave down, then one up, and one final wave down.