Smoak

Smoak

It's been awhile since I've posted a bitcoin chart so I figured I'd share my lines. First, I think there is a broad misconception that 6k is support.In reality, when we examine things a little closer we've had 2 different trendlines that have been acting as our supports, they've both coincided with the 6k level and this becomes much more apparent when we zoom way...

Smoak Updated 

Sorry to my followers that I didn't post this last night. I am long on ethereum from the $260 level. This is the weekly chart and, as it shows, we have touched major support and we also have a historically low RSI on the daily. I know a lot of people are bearish on eth but it is my personal opinion that it is one of the best buys around and I expect a test of...

Smoak

Very simple trade. Litecoin looks to be traveling inside this triangle. I expect it will come down to test this confluence before heading back up. Best of luck.

Smoak Updated 

I see a lot of uncertainty out there and it seems like the majority of folks are still bearish. This is understandable. From a bottoming perspective, there is an old saying that bull markets are born in low volume and die in high volume. Bear markets are born in high volume and die in low volume. The rational is that when the bear market begins people think...

Smoak

I'll draft up a more formal trade analysis with my predicted path at some point within the next few days. However, I do want to share this with the community. Sentiment is turning but a lot of people still have the idea that we are going to break the 6k level and head down to 4,000, 2,000 or perhaps even lower. That is understandable...a lot of people have been...

Smoak Updated 

For those of you that follow me you'll recognize this chart. It is pretty much the same chart I posted in April but I've added some new predicted directions that should last us until the end of the year. As you know from our last trade we closed up shorts at 49.65 and went long. The chart is pretty self explanatory and, as you know, I mostly just look for the...

Smoak Updated 

The April idea, linked below in case you missed it, turned into just about as perfect a trade as I could have imagined. Congrats if you followed it! Now, it is time to update that idea and our plan is to turn that 400% into 1200% for the year. Monero has been inside a massive falling wedge and just couldn't find the support to break out of it. That moment...

Smoak

This isn't one of my long term trades; nonetheless, it should be a good one. Look for ethereum to start gaining on bitcoin again. Good luck.

Smoak Updated 

I missed a major trendline on my last litecoin chart. I've added that line and tried to be more accurate on the others. I've mapped a potential direction on the chart. Another possibility is that Litecoin makes a major move and jumps above the trendline (bitcoin did this). If that happens I think we will see a push towards 175.

Smoak

Any ideas as to why we are seeing this huge pump?

Smoak Updated 

As you can see on the chart, Ethereum has a confluence of support forming at the $480 level. Price tends to get drawn to these areas where we see an intersection of multiple trend lines so I anticipate a test of this area.

Smoak Updated 

If Monero can bounce off this trendline, we will see a big bounce.

Smoak Updated 

The chart speaks for itself and, as posted in a previous idea, Dash looks poised to make a run on Bitcoin. We may see a final touch but even if bitcoin goes lower I don't think this trendline will break.

Smoak Updated 

I've charted some possible paths. Until we get some major movement the best call right now is a neutral one. I'll be updating as time goes by.

Smoak Updated 

I see litecoin stuck in this falling wedge. I'm pretty confident that we will make the move to $162. When we hit $162, expect sideways movement and maybe we'll see a move to $168. I won't say we can't break out of this wedge right now; however, I don't expect it just yet. I expect the opposite will occur and we will see a very steep fall down to 89 where we...

Smoak

Gnosis just broke out of the falling wedge it has been trapped in. From a technical perspective there is huge upside to this coin. I didn't know much about GNO and am no expert on it but it sounds like a good idea. It is essentially a decentralized method of polling. The idea behind this is that polling/predictive companies can exert influence on the results. ...

Smoak Updated 

We should drop down to test support at $7,340. This is an attractive buy as we should bounce from that to $8,430. Enjoy.

Smoak

I see a double top in the making. One push higher and then a big M pattern.