Ricksmash
Bitcoin Bubble ChartIf the elliott wave correction is over we will see the bull run begin again.
It needs to test and break through the first resistance line, while respecting the upward trend.
I would like to see the price reach the top of the upward driving channel,
but I need to see it at least stay above the bottom line.
HODL! Don't get REKT!
Quick Dip Before RelaunchI have done extensive research on WTC and have renewed my excitement for the project. It is much more exciting than I previously realized. I think the RSI and MACD need a cool off period before she makes another big break. The ~.0057 price target came from my previous prediction and I am still holding strong on it.
Cover me, I'm going inWe got into my "good" zone and are displaying strength. XLM is getting all kinds of praise (allll kiiiiiiinds - hobbs twins) from the community now.
At first I only set the first breakout then I thought it was too conservative. So I extended up to the second breakout.
I continued the estimate as far as I think I could prudently go at this time. Fingers crossed!
RickSmash BNTI can't remember what this coin or token is, but the chart has potential. It's better when they are testing the resistance than when they are riding the trend line, but overall I like it's chances for a breakout at the end of the triangle. A quick test of support below the triangle wouldn't be a death penalty, but the more lines it goes beneath, the less likely a chance for survival.
RickSmash BCPTI don't really know what else to make of this. I'm open to opinions. What am I missing here? Let me know!
RickSmash VENTo be clear, I did predict the entire upward pattern. Those lines and "Resist", and "Moon" were there since the ascending triangle. At this point it needs a correction because I consider it slightly overextended. Since the ride up was so clean, I expect a clean elliott wave correction too.
RickSmash VEN updateJust following trends, and estimating a .618 retrace to previous resistance level. RSI and MACD could use a cool off period to gain more power too.
RickSmash - What I don't want to happenI really really don't want this to happen but that's the impression I am getting.
Reasons why it shouldn't happen:
Transaction times have been MUCH faster in the last week.
Fees have been MUCH lower in the last week.
People should know that Lightning Network is making great developments which will be implemented *soon enough*.
Bitcoin is still the most secure network.
There is no Blockchain without Bitcoin.
Rootstock will allow all Ethereum DApps to be run on top of the Bitcoin Network at 700-2000txs / second.
Schnorr Signatures will drastically reduce transaction sizes.
Segwit is still not implemented on enough wallets, which leaves massive potential to speed up network and reduce fees.
If coinbase would batch their transactions and implement segwit we would probably see about an 80% reduction in the mempool. They said they are working on it.
Bitcoin will still reach a million dollars one day, so people are crazy to be selling it, or not buying it right now.
Thanks for reading. And no matter what happens, HODL your bitcoin. No weak hands!!
RickSmashJust realized all the charts I've been posting today were private for some reason. Whoops!
I wanted to see Monero stay above the trend line or just make a quick swing test down then back above it. I don't like the continuation below the line. Time will tell if it can make a move upward.
RickSmashKeep an eye on this one. It has been a couple weeks since I looked this one up but I liked it when I did. I have since researched QASH, and I found them to be similar. Sorry that's all I've got as far as the project background.
The chart however looks to be in an ascending triangle, not an ascending wedge. ATs are bullish, AWs are bearish. The recent lows seem to have respected the upward trend to some degree. That is a good sign that it may continue to do so. I'm not sensing an impending breakout quite yet, but if she keeps respecting the trend line and breaks through the resistance at the end of the triangle, I see good things coming for EVX.
RickSmashJust looking at the patterns and trends, just guessing the outcomes. The ellipse is the crucial moment.
Verge GuaranteeIt's time for xvg to take it's throne.
A lil comedic relief after looking at charts non stop for hours :)