Ed-Holmes

Ed-Holmes

(1) Looks like the the buyers of the physical coin ( Not derivative ) has dried up. (2) The 100 Day SMA has not crossed above the 200 Day SMA *Note - The 100 Day SMA has NOT been below the 200 Day SMA since 2017. (3) The current peak has hit the top of the long term trend lines ( Weekly chart ) *The only thing that would change this view is a break above the...

Ed-Holmes

For the current bull trend ( Weekly chart ) to continue in BTCUSD -Support must hold at the mid 11,000 s. If this critical zone breaks down ( Weekly chart ) Then the current bull trend is most likely over and we could be going back to the 3,000 zone or lower! * However, should we see a good progression off the 11,000 s zone then the bull trend is most likely...

Ed-Holmes Updated 

Cycle I and II of ETHUSD looks to be complete. Cycle III will carry ETHUSD to new highs far above $1400

Ed-Holmes

A strong case for a long term 5 wave triangle can be made ( Unfolding on the daily chart as Yellow label ABCDE ) * Triangles tend to unfold with the inner legs in threes ( This has been the case so far from the all time high - Blue labels ABC) * Triangles tend to form as a pause in the greater trend ( If this is the current case - When E down terminates, the...

Ed-Holmes Updated 

From a Elliott Wave Theory perspective it looks like the monthly S&P500 has completed 5 waves up - so the theory dictates we need to correct the 5 waves up with three waves down. The prior 4th wave low is usually the end of the retracement. However, retracements can go all the way back to the prior 2nd low !!!

Ed-Holmes

Unfortunately with the recent bottom trend line break in ETH and LTC we could very well see lower prices taking the crypto originals all the way back to their respective points of origin. BTC - $70 to $200. ETH $5. LTC $1. * Parabolic prices tend to return to origin before the next phase if any. Keep in mind that if these lows come to fruition and everybody...

Ed-Holmes Updated 

Weekly chart seems to suggest a long term triangle formation that should now be complete (E) Triangles form at the end of a trend or are found as continuation patterns. In this case it could be a continuation pattern from the $1900 high correction. If so, much lower prices should follow below $1000 * A sustainable break above the top triangle trend line will of...

Ed-Holmes Updated 

Possible short term triangle formation in BTCUSD that should terminate in the last leg down (E) before reaching a new high. This new high could very well also be the end of the initial phase of the trend change that started at the $3,000 bottom. Triangles tend to proceed the final leg in a trend.

Ed-Holmes

The long running debate - Will ETH overtake BTC. The ETHBTC chart may very well answer the question. The daily chart shows a potential cycle I and II complete. Next up should then be cycle III if support at 0.03 holds. Cycle III should carry ETHBTC to far above the cycle I high of 0.15

Ed-Holmes Updated 

The first and second cycle in BCHUSD looks complete. If so, cycle three should be next and take BCH far beyond the all time high.

Ed-Holmes Updated 

The first and second cycle in BTGUSD looks complete. If so, cycle three should be next and take BTG far beyond the all time high.

Ed-Holmes Updated 

Gold looks to be trapped in another long term zig zag. The last time this happened it went on for years!

Ed-Holmes

ETH is more than just a coin that powers ICO's - Its evolving and higher prices should follow - ethlend.io

Ed-Holmes

Its worth noting that each Coin and Token needs to be viewed separately. There is a divergence starting to appear in the " All the same market theory " of BTC leading the pack.

Ed-Holmes Updated 

Very interesting Token and worth keeping a eye on. Data it all forms is being turned into a commodity slowly but surely - www.streamr.com

Ed-Holmes

We should now be in Intermediate (3) of Primary 3 of the next up trend as confirmed by the break of the all time high. The target for Primary 3 is aprox. $800 ( Primary 1 of $400 x 1.618 ) The short term correction from the $517 high should be complete or almost complete ( Maybe a retest of the $400 mark - prior iv low ) then resume to terminate at around the...

Ed-Holmes Updated 

If we start looking at the ever expanding and speeding up of BTC/USD - a Fibonacci Sequence starts to appear 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, Of course the digits are in the 1,000 sequence. So while everybody is anticipating 10,000 will it be 13,000 and climbing? Food for thought.

Ed-Holmes Updated 

We are currently at a crucial point in BTG. The correction from the $477 high may have completed at $150 or we are seeing a sharp ZIG ZAG correction unfolding that should terminate at the $420 zone and head back down. Pushing to a new high would of course void this outlook and we can consider higher prices to come as we head into Primary 3