


PNUTTY
Premium- 12345 wave structure up, followed by abc structure down - currently extending along the c of the abc structure - possible entry point, though waiting to see how much longer the market takes to cool off. Hindsight is wonderful isn't it? I completely missed the forming 12345 wave pattern. Having seen so many multiple back to back "surge + range" patterns in...
- Indicators pointing to an upward price move along the recent trend line - RSI, MACD, and Ichimoku also showing signs of upward trend. Indicators looking good. The green lagging line of Ichimoku cross the candles in the same upward direction, but an upward direction it did cross indeed. I'm placing a small bet on this one and see how the indicators play out...
- Forming strong upward trend line above $1000 since the turn of 2018 - Currently repeating it's previous $413 to $713 price surge - Should it repeat the pattern, we will see the price settle above $1k, and range to seek another breakout in the second half of January 2018 Ethereum is more convincing looking upward beyond $1000 now, and is starting to repeating...
Key Points: - Daily chart shows a wedging towards 13900 - Next stops: 20K v 8k region v ranging between 13k and 16k for months It's now 19 days since Bitcoin peaked which in crypto world feels like a year. Whether the reprice was low enough is a big question with some investors claiming that a lower reprice would be good for the crypto leader. Should it make...
- ETC current uptrend approach an older downward resistance line - Apparently benefiting from current Ethereum uptrend,but not enough - Cautious entry. I'd rather wait for another price. After re-reading some text on indicators, I decided to plot a million lines all over the place just for fun and see what turns out. Anyone who has been using the website...
- Moving sideways at .5 fib level of $2.62 - Briefly broke down .5 fib level of $2.62 though closed above it - Possible price action on end of day 8th or 9th Jan, targeting $4.00 Ripple broke downwards into the .5 fib zone but closed above it. Phew. Looking a the 3 hour chart, the silence is deafening. Should it follow previous pattern it may move slightly...
After playing around with with the F and G Fan, I find the 3/1 fins landing straight on top of my trend line drawn from $1.62 to $1.81. Mental note - fan out the retracements. Touching the 2/1 fin now. Let's see if it pushes past and continues towards the big 3.0
- The combination of indicators reveals a good buy opportunity - Conversion and Base lines above the cloud, and conversion line reaching upward. - First time the indicators shown such positive conditions since the 17th Dec. I'm not a huge user of the Ichimoku clouds but I sure like the concept of it. With several types of indicators all on one page working to...
Key Points: - Finding support at the .382 fib, around $2.70-$2.80 - Seeking to find $3.0 support - Pattern similar to the price surge to $2.0 Following the surge upward from $3.0, Ripple retraced close to the .618 fib at 2.51 (passing through .5 twice) where .618 almost intersects the 3/1 fin. It then bounced back to $3.07, not quite as strong as the previous...
- Looking for the BB breakout above 1.1/1.2k to convincingly break past 1.5k. - Ranging in it’s pre-17th Dec 2017 levels. Did Dash give me the middle finger? It did right? Anyway. I always saw Dash as a reliable source of randomness away from Bitcoin. It just impressed me each time I felt Bitcoin was doing nothing, and then suddenly surge and has effectively...
- Ripple seeking support above .618 to stay on the better side of the $2.00-$3.00 range. - Looking at another couple of days before the market decides on price. Having seen my dreams of my 100 dollars turn into 400 dollars dwindle, I find myself back into my Evil Planning Chair (yes I actually have one). How will Ripple recover or will it reprice back down to...
Key Points: - Ranging between $240-$260. - Hit hard by Bitcoin's Dec 2017 price decline forcing Litecoin to drop to $177. - Continues to be "Trend-Pegged" to Bitcoin, and as such requires cautious entry. I like Litecoin. It has movements similar to Bitcoin and can provide stronger ROI without the unaffordable price tag. It's also far from the the next big...
- Seeking to breach previous high of 16,540 following the 17th Dec 2017 price decline - Needs to reach into 17k to have a new support line rather than confirming a 16.540 resistance line. Bitcoin is showing some life, breaking through the top line of the wedge as it reaches out to the previous high of 16,540 following the 17th Dec 2017 decline. If Bitcoin...
Key Points: - Should price trend continue we face possible $3.40 peak followed by swing low of approx $2.60 or $2.40. - Yes this seems very oversimplified. - I can't take credit for the words "The Rippling" . . .but it feels right. So here I am plotting my projections and planting my dreams in the make believe world of favorable appreciation . . . yeah go...
- ETC reaching 36 dollars as it looks to reach back up to it’s ATM high of 43 - Showing similar price recovery patterns to Ethereum If you think that Ethereum classic is the little brother of Ethereum, you would be mistaken. ETC is actually ETH’s competitor, and the story bears a long and interesting history. Here’s a good article on the history of two from...
Key Points: - Retraced back to 2.54 after reaching 3.40 (depends on your broker) - Current drop is expected retrace level if Ripple is to find it's way to 3.0 support - Could drop down to 2.37 or 2.25 if 2.54 doens't hold. Ripple has followed my previous graph better than I thought and is now kissing the .618 retrace. Next stop: If this is the swing low on...
Key points: - ETH broke out a new ATM 948 up from previous 742 - Almost a 30% gain across 2 days. - Not unpegged from BTC quite yet Ethereum experienced a BB breakout lasting a couple of days seeing the coin reaching closer to the 1000 mark. Looking for support at it's previous all time high and current ATH, the risks coming from it's positive correlation...
Key Points: - New ATM of around 950 up from previous 871 - Starting to range seeking new support at previous ATM - Breakaway from Bitcoin? Not quite yet Finally, a BLGR breakout worth noting lasting 2 days with a 30%+ gains. Concerns are as before however: - Not so sure about Bitcoin ending it's uncertainty, though ranging nicely - $1k barrier: will Ether...