Pumptruck2

Pumptruck2 Updated 

Going long on BTC here, looking for a weekly close above $11500 for continuation to $16000. Stops at today lows. First target $13800

Pumptruck2 Updated 

Going long on alts here as BTC dominance hit its 200 WMA and alts had over 10 straight days of selling at high volume on their BTC pairs. Considering ALTUSD pairs didnt make lows its a good oppertunity to long as ALTUSD were accumulating. Looking at ETH at its 200DMA and TL support from the low. XRP at 30 cents which it has been holding for a year now, since last...

Pumptruck2 Updated 

While every one has been looking at the IH&S a new H&S has formed looking to break to the downside. A break of the neckline will take us to $9.3k and a very high likely hood of new lows under $8k. Target 1 - $9.3k Target 2 - $ $7.4k

Pumptruck2 Updated 

Long oil in the close. Iran situation seems to be escalating with UK involvement. Look for oil to close month positive. Double bottom also on the hourly so stop can be below that.

Pumptruck2 Updated 

Eth looks to have formed a cup and handle at $160. A break above could signal a move to 240. But after last weeks dump a move down is equally as likely. Currently i am long and watching price action around $150 hold my long or close and short. With the black line i have also outlined a bearish scenario which can take us back to $80 as double top has formed.

Pumptruck2 Updated 

The market has broken below its parabolic advance since the bottom in December. We will likely see a 50% retrace from highs or more. That will be the time to accumulate for rally which will break ATH on BTC

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USDCAD is in a bear flag similar to the on it was in in 2016-2017. Today the stops were run from traders who were shorting the top of the current flag. Afterwards we saw a very strong revesal back down which indicates the initial spike was a stop run. After clossing back inside the bear flag we should see a very large sell off begin similar to 2017. I am short...

Pumptruck2 Updated 

If we follow the alt coin cycle from last may where XRP topped which was followed by a large sell off in the crypto market then a rally for Ethereum based coins, Xrp in this case has topped. So now we are in the phase where xrp recovers to around 75% of its value from the high to around $2.4-$2.6 area. In the mean the mean time Ethereum should make new highs and...

Pumptruck2 Updated 

Etc has formed a cup & handle with a calculated target of $52. But it has the potentail to go beyond that to $100 within a month or so. A good short term HODL

Pumptruck2 Updated 

Bullish Pennant. Next resistance around 0.0019-0.0021 area.

Pumptruck2 Updated 

Bitcoin seems to be going up in a very steep bearflag. I am keeping an eye on it because if it does follow through it could form a right shoulder and we could see a drop down to around $8000. On the other hand we could break above it and potentialy reach new highs/

Pumptruck2

Looks like Bitcoin has touched upon a strong support here on the hourly, it has served as a previous resistance as well. As long as we dont get and hourly close below $12,750 we remain bullish with a strong possiblity for a new ATH. With the panic selling occurring on Bitfinex for high Cap Alts like XRP and LTC this was likely a shake out before an other move higher.

Pumptruck2 Updated 

Verge coin in a nice bullish pennant. Its at the bottom right now so good time to buy for a minimum target of 140 sats. And if we break the pennant to the upside 400 sats is possible.

Pumptruck2 Updated 

I was looking at Ripple since its the only large cap that hasnt made a new ATH while all other high caps are pumping. Looking at the chart I noticed something interesting. Ripple after every consolidation period it makes +1000% move. This can bee seen this year when it went from $0.005 to $0.07, and then after consolidating from $0.04 to $0.4. Right now if we...

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Falling wedge on bitcoin buy on breakout and you can target 5000 easy. If on the other hand $3800 breaks, the head and shoulders would have formed and target between 3200-3500.

Pumptruck2 Updated 

Short on a Test of the 200 Moving average at the top of the bear flag

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Golds showing Divergence with the Rsi on the hourly chart. A short looks good here with a retest of the falling channel (1215) or continuation of the downtrend to 1180.