Bitcoin cash has 9 more days before the hard fork is implemented. Its very likely that we are going to top around 15th November for this impulse. Therefore, its likely we can see more upside action in the next week.
MDA saw lots of volume in the past weeks and has risen more than 400% percent followed by 50% correction. The volume has decreased since then during the correction. However, it is still significant (2.6 million for the last 24 hours) compared to its market cap (30 million). The fundamentals of the project are very promising and it has already functioning product...
ONT is another strong player which saw a great buy side volume on its first wave up. Now it is completing ABC pattern correction to the 0.618 fib level. A break of the yellow trendline would increase the probability of the next bull impulse but a buy order now allows for a better risk/reward ratio.
As seen on both charts the correlation between NEO/BTC and GAS/BTC is significant. GAS tends to follow NEO movement but with amplified percentage change both on the upside and downside. It looks like we have established a bottom with very low volatility and stable price action. A typical pattern which we see in BTC as well right now when speculators are...
After more than 300% percent gain during the first wave up, Nano has been one of the best performing coins. A correction just below 0.618 fib level in clear ABC pattern has been completed. The yellow resistance trendline has been broken increasing the likelihood for coming wave 3. First target is around 100% gain at the negative 0.236 level.
Left chart is btc today and right one is btc few years back. A very similar correction pattern can be seen. Last time we had sharp pump from around 400 to around 650 USD. This time this would be equivalent to reaching around 10-11k. Last time we had a slow decline in price after reaching 650ish even breaking the previous low. Bear that piece of history in mind...
Equities are most expensive vs. commodities than at any time since 1970. We are at the tipping point of a coming recession which will hit the overpriced tech stocks by at least 30%. Gold and silver would most likely thrive as a safe heaven and silver generally makes even higher gains than gold percentage-wise. Furthermore, gold and silver are quoted in dollars and...
Are we almost at the bottom? Potentially, yes! Are we going to experience dramatic sell off in the last month(s) of the bear market? Potentially, yes! The roadmap presented might vary in timing but the targets of support come from fib ratios. The first one of around 5100 can be easily reached if we break the support of 5800 and hit all the stop losses. With...
Bear in mind that it is likely that we are going to see a bounce of the whole market in the coming weeks. However, this is a long term potential road map. We are looking at Bittrex for longer price history. I have separated the history in cycles each lasting around 344 days. The beginning of the first cycle is not the actual low but is just where Ethereum enters...
We are reaching the 0.5 fib level of the impulsive wave 3 as well as structural previous support. This would be the last chance for this bullish count. If we dont stop there and break below 7200 we have to probably change the count to trade more bearish.
We are coming to 0.382 fib level of a very strong impulse which can qualify as wave 3.The 0.382 level is the most common level for wave 4 with respect for wave 3. Moreover, there is structural support from previous resistance there which would act as support now. A tight stop loss is advised for the initial buy. We can project the wave 5 target from wave 3 which...
Wait for confirmation by breaking the downward pointing wedge. We will update with sell targets here later!
After the news of ETC being listed on Coinbase, its price moved with more than 20% in a very short period of time. The time to buy has come after BTC -1.76% has fallen further and is close to potential short term reversal probably to at least 7000-7500 region. The volume on ETC for the last 24h is more than 350 mil with a market cap of 1.3 billion. This makes a...
Primary count As BTC approaches the psychological barrier of 10 000 dollars, it saw resistance at an important Fibonacci level of 0.618 measured from the high 11750 to the low of 6430. The proposed primary count also has its wave 1 equal to wave 5 which is a common ratio when there is extended wave 3. There is also decline in buying power as we are approaching the...