CryptoMickL

CryptoMickL

I was just playing around looking at the top and bottom trend lines. Then decided to put on some fibo extensions to compare market cycles. at this stage it looks like a lot of hopium. All i can say is that if we are to have equality between market cycles this what we would see. They say numbers don't lie i'm just looking at fibo extensions.

CryptoMickL

In the coming days to 2 weeks , These are my target levels for MGI

CryptoMickL

I'm watch to see if XRP/USD will form an inverted head and shoulders. It's quite possible that the left shoulder, neckline and head have already formed. Watching for it to trade up to around the 0.32 area then back to around 0.27 before it breaks the H&S pattern. This would coincidence with a longer term trend line on the weekly chart.

CryptoMickL Updated 

I'd like to hear your thoughts about the DJI. Do you think we are about to head to a 50% retracement on the last bullrun. To me it looks like at possible ending diagonal forming. Potential down to 21000 area. What are your thoughts?

CryptoMickL

Watching MGI for a leading diagonal. It will be interesting to see if this base line holds and trades up for a B wave.

CryptoMickL Updated 

IMHO XRP is setting up for a bullish move. I have a count here that i think we need to complete a wave to down then it will be an implosive wave 3 up.

CryptoMickL

The weekly chart is showing a triple top. Possible head and shoulders pattern. Do you think this will go down to between 21500 to 18250.

CryptoMickL

Last time i see a bullish cross of the long term moving averages with a spread this far apart was back at the end of January 2017. At the time price was trading between $800 to $ 1000 . Would'n't it be great to see the same sort of move as in 2017 from today's prices. That would put Bitcoin around $127,000.00. Haven't had coffee yet today. Maybe my still dreaming....

CryptoMickL Updated 

Last time i see a bullish cross of the long term moving averages with a spread this far apart was back at the end of January 2017. At the time price was trading between $800 to $ 1000 . Would'n't it be great to see the same sort of move as in 2017 from today's prices. That would put Bitcoin around $127,000.00. Haven't had coffee yet today. Maybe my still dreaming....

CryptoMickL

XRP completed an inverted head and shoulders today on the 4 HR chart. On a long term lower trendline, XRP will never be below 0.30cents ever again.

CryptoMickL

Looking at some Elliott wave. This is my thought right now. BTC needs to stay above 5777 for this to remain in tact. If it goes lower then at i will change my EW count. Also watch Ema's for conformation if 5777 area holds. A break above them would indicate a more bullish sentiment.