Peyote_Manning

Peyote_Manning

I'm using wicks here since it's the weekly and crypto markets never close. After the dump we hit a low in February that sticks and hit a lower high, higher low, lower high, and we'll see if we can hit a higher low this week. There's still room to dip further from where we are and maintain weekly equilibrium. Zooming out on the weekly chart of BTC a bit can...

Peyote_Manning

Sleep is the cousin of death. Periods of consolidation should be periods of study. I saw the advice given that as you study technical analysis further it can be good to share your charts and ideas. You all have that idiot to blame for having to look at this. So. On the ICX daily chart we seem to be forming a very significant pennant (in blue) with a big ...

Peyote_Manning

This is really just so I can look back and laugh at how terrible this prediction is. Nothing to see. Move along. Move along. Move along.

Peyote_Manning

Looking at the 30 minute we have a couple of bearish possible signals forming with a head and shoulders in a bear flag. Following the green trend line is the most likely bullish scenario I think. But we could just shoot straight up. We're not predicting the future. We're drawing out possible paths and trying to prepare our best for the journey with the...

Peyote_Manning Updated 

Looking at the daily, the 12 and 26 day moving averages are interesting. During bounces they act as support, then as the dip begins they cross and become resistance. The next bounce begins, they cross again, and become support again. This repeats over and over. The distance between the two moving averages can suggest the strength of the trend or how soon it may...

Peyote_Manning

Person 1 (looking off into the sky on a nice rocky cliff somewhere where you can see the charts for days); Look at the daily! It's beautiful! It could be a shape like this indicating consolidation and a likely volatile price movement! Will it go up? Will it go down? Person 2 (looking at Person 1); Only wizards know the future. (Person 2 locks eyes with Person...

Peyote_Manning

On the 4 hour we see that we have seen this movie before and we probably know how it's gonna play out probably. Not definitely but maybe probably. It could happen. The strength of the dips and the bounces could indicate weak dancers. Who will win this dance to the death? It's bulls vs bears litecoin division 2018!!!

Peyote_Manning

On the fifteen minute we have a falling diagonal with a possible hns type of thing. This have bounced and dropped lower in the past.

Peyote_Manning

Each time ICX has hit 30 on the daily RSI we've seen a bounce of at least 100%. If it happens again it would line up with the fib levels to go us a nice one wave inside of the larger cycle's 3 wave setting up a bigger picture to challenge ATH's and possibly set up a cup and handle to reach new highs. We should always be looking at possibilities and making plans...

Peyote_Manning

These look like things that some people might like to look at maybe. Sometimes. Consolodation's day is cometh forth soon. Priase blem! Shall we go higheth or shalst we goeth lower? Dungeon master is hesistant to roll the dice... I think these sleeping pills are making me yearn to play DnD and I've never played DnD before. Is this a side effect?

Peyote_Manning

I awoke from a dream and this was on my computer screen. I don't know what it means.

Peyote_Manning

Psychological levels are of relevance. Here we appear to be in the C wave of an ABC correction, currently in the 3 (maybe just starting the 4) with the 5 of the C taking us right down towards 600 psychological which pairs up with the previous motive wave's 4. Everything looking normal.

Peyote_Manning

So we have a clunky meandering wave 1 that occurs during an uncertain bearish market. Wave 2 has a strong impulsive A, a short B, and a slow moving impulsive C. (This is where we start coming up with possibilities). Time to speculate, looking at previous price levels, fibonacci retracement, and Elliot Waves. Since the larger wave's wave 2 is long and drawn out...

Peyote_Manning

Three bearish breaks out of triangles. One actually lead to a bullish break. We shall see what happens here. It looks like we're breaking down with critical support levels in green. Will be interesting to see what happens in the next week or so. I smell the winds blowing.