MichaelBlach

MichaelBlach Updated 

I think Amazon will see some nice gains in the near future, maybe so highs even. When we broke that $982 support line earlier we saw rises in excess of $1050. If history repeats itself we could see this again and then some. This is my forecast of future price action, will be interesting to see how it plays out :)

MichaelBlach

Looking at BTC/USD price we can see an upward trend in action. If this trend continues, at least on a technical level we will see close to $4000 by the end of the month. You can see we have some strong support & resistance lines with our price. I expect the price to dip to around the low $3000 level where it will receive significant support (hopefully not...

MichaelBlach

Shorted @ announcement of good numbers on NFP. EUR/USD took a large plummet made for some huge profits, hope everything got some of the action.

MichaelBlach Updated 

Analyzing the daily bitcoin chart we can see that our price is trending pretty nicely. Although it is hard to give merit to trends in Crypto, we can make some educated forecasts here. We can see that our stochastic at low threshold, which sets the stage for a potential uptrend, we can also see that previously we saw some large gains at the 0.5 Fibb retracement in...

MichaelBlach Updated 

I expect Litecoin to reach areas in the sixties around mid July. You can see our trend is consistent with Gann fan. I expect price to retrace a bit before hitting some new highs in the coming weeks! Like and follow for more :)

MichaelBlach Updated 

We can see here that we are approaching a fourth wave for Bitcoin, with our trend consistent with our Gann fann we could see some massive gains on the fourth wave. We are currently in a period of consolidation, but once we hit ~$2750 mark again I foresee some new highs over $3000 dollars and maybe even $4000 by the end of the Q3.

MichaelBlach

We can see that the Euro is headed for another reversal, good spot to grab the short. I'd open the short now and aim for the target ~1.1275. We can see our Fibb circles are very consistent with the reversal pattern as shown with green boxes, we are about to hit another resistance spot so a downtrend is very likely again. RSI is at max threshold and price is...

MichaelBlach Updated 

Looks like we have some consistent support and resistance lines and our Gann fan shows some trending as well. If this continues it looks like we'll see some sideways movement, maybe some dips followed by a nice uptrend to come this weekend into next week. Price is slightly overbought per our RSI so I don't expect us to get there without some small drops.

MichaelBlach Updated 

Here we can see a reliable cypher pattern heading for resistance at the fibb .382 and previous resistance level. Price is slightly overbought as seen with RSI and stochastic. If I were a betting man I'd say we're going to see a drop here very soon.

MichaelBlach Updated 

USD/EUR about to get some support at 0.895 level as seen with Gann Line and support line. I would take the long at this price and set the stop loss at the levels indicated with green and red box. Our stochastic is at bottom of threshold and price is in oversold position so the conditions are ideal for a rise in price, especially if we see some bullish...

MichaelBlach

Looking at our chart (1 day Candles) we can see that there has been a break in our uptrend. I anticipate some drops coming up, but I expect LTC to ride our 2/1 Gann line (has been consistent with this support and resistance) to $50+ by the end of July. I think that the absolute lowest drop we are still susceptible to is at the $36 level, but I see it being highly...

MichaelBlach Updated 

We can see here that Ripple seems to be breaking the downtrend it has had for some time now, this could be an indication of an uptrend to come. We can also see that our 20W MA is about to cross our 50W MA, this is a golden cross and is a strong signal for an uptrend. If this cross ends up becoming reality coupled with this break in the recent trend we can see some...

MichaelBlach Updated 

Here we can see that we have been in a consolidation period with ETH/USD. The general trend of this consolidation has been slightly bullish meaning we could see a breakout soon. We will be looking for a bullish confirmation candlestick in order to confirm an uptrend. This could be further supported by the fact that we are heading for some support on the 2/1 Gann...

MichaelBlach Updated 

Upon looking at our 2h candlesticks you can see we have entered a consolidation period. Bears and Bulls can't decide which way to push price. What we are going to look for next is bullish or bearish confirmation, that is, a deviation from the consolidation trend, this confirmation will be the indicator on where price is going to go. (The tall wicks on top and...

MichaelBlach Updated 

I posted a chart earlier about XRP breaking the downtrend it was on. Since then we have had a golden cross between the MA's and a consolidation period followed by bullish confirmation in the blue box. (We also are hitting some support at this 0.26 level.) This gap-up post consolidation is a strong indicator of an uptrend to come and on top of the fact that we just...

MichaelBlach Updated 

Based on the Fibb retracement and S & R lines, we can see that price should get some support at the 110.50 level, this could be a good spot for entry as it should go up to 110.90 where it will test, and if its looking good, could surpass this level for some gains. We can also see a golden cross, which is a strong signal for an uptrend. I would grab at the dip and...

MichaelBlach Updated 

We can see our price is developing a bullish flag pattern, the flag is the downward sloping consolidation area, this is a potential signal for a large uptrend, this is multiplied by the fact that price is about to hit support on our 1/1 Gann line. As if all of this is not convincing enough, Bitstamp is set to launch litecoin tomorrow and we may even see Lightning...

MichaelBlach

We will have one last entry point this weekend. We can see price is massively overbought, stochastic is max threshold and we are in uncharted territory. This is wonderful! However I expect a large down trend until Monday so there will be a good chance to enter before Monday when we go to the moon. Get in when it dips. I expect it to drop to $22 level, but not for...