So far we have discussed the long term 1 month outlook, and using the 1 hour chart, we have been able to track the moves coming out of this long term bottom on LTCBTC. In the 1 month chart, we can see the first major wave up as a straight line, but let’s break this potential upcoming move down a bit more using the 1 Day chart. The D and E pivots of the monthly...
I have recently provided a detailed long term outlook for litecoin. I will now provide my short term outlook. Either Litecoin is forming a higher lower against BTC and a trade above this rising channel should give us a clear target at .00391, or LTC could be currently trading in a bear flag, and make a move back to support.
LTCBTC Monthly Chart - The red lines represent the approximate halving dates. You can see that goin into the halving, (circled) there is a small rally that ends up collapsing further down post halving. Assuming the higher pivot bottom is in to form (C) compared to (A), we can spot a squeeze pattern forming with potential bullish catalysts in the near term future...
WKHS recently collapsed on bad news, since then it had traded within a bear flag. The bear flag broke down yesterday, but the move stopped short of the continuation to be expected from the bear Flag. We can see a clear bullish divergence printing. This looks like a bear trap. Buy and Hold WKHS. After a modest reversal occurs, we should reasses the chart and...
If you have followed me then you know the drill. Looks like CLOV has reached its support. Bullish divergence and bull volume coming in at the lows. Buy and Hold.
The Bullish divergence forming on the weekly falling wedge pattern appears suggests that Litecoin is reaching a reversal point against Bitcoin. The Flare snapshot should serve as a catalyst for this move. The XRP Trade going into the Flare snapshot turned out to be very profitable for me, and I plan to participate in it for litecoin also. Buy and hold Litecoin....
Currently testing the previous horizontal resistance line of the monthly ascending triangle, now as a support line, which I posted about earlier this year. Opening a long position here.hidden bullish divergence also printing on the monthly. However the RSI is more useful on lower timeframes.
Adam and Eve double bottom forming on the monthly. One of the few weed-related stocks yet to make a run from its bottom range. Bullish divergence and awaiting a bullish macd cross coming out of Eve to strengthen the setup. Long ZYNE
In my last post, I was suggesting the possibility of a bottom and inverse head and shoulders forming with the head forming just under 5000 Sat. The pattern failed, but the weekly still shows the possibility of a massive inverse head and shoulders pattern developing with my previous post at the left shoulder. This could be the head just under 3000 satoshis. I...
Massive Inverse head and shoulders pattern developing on the weekly. Bullish MACD Cross pending. Bullish divergence confirmed at the head. Buy and hold Algo. No increase in supply from large stake holders for the next 4 months. Target: New ATH’s
Draftkings has broken out from a huge weekly bull pennant with a target around $80. The chart is printing a nasty bearish divergence at this level around $55 and the price will need to see continuation up from here which should cause invalidation of this bearish divergence to reach the target. I suspect a trend reversal to the downside is just around the corner.
I believe this is a fundamentally strong project that will do very well. That being said, the chart had been printing a descending triangle since it made its impulse move post-listing. A clear Horizontal support line has formed with lower highs ever since the top of the impulse move. A breakdown of the horizontal support line should send the price down to a target...
I told you all in my last post that I would be looking for volume to start picking up on a move down somewhere between 1700-2000 sats. The volume is starting to pick up and the bounce can be coming in anytime. It’s time for me to start placing bids on XRP from 1775 Sats up to the current price.
XRP is starting to look very interesting. Looks like One final Dip could be in store to form a weekly/Monthly Bottom before a reversal finally comes in. I like the area around 1800 satoshis for buying. The rsi is diverging and a big Bullish volume spike following this dip should mark the bottom.
Falling wedge spotted on FLNT Weekly chart. We can take a long position in the range of .85 to $1.00 based on this falling wedge pattern. We can place stop losses below at .80. The target is $17 based on this pattern forming from the bear trend dating back to 2010.
We have a possible inverse head and shoulders pattern forming on the weekly with the price currently forming the head. Good long opportunity here. Should see Just over 10000 as a near target if the price reverses from these levels.
In my last post I noted that the descending triangle pattern was clear and that a downside break was very likely coming. I found a very similar pattern to compare with on the ONTBTC pair (in red). It too broke down from its descending triangle pattern back in March and ended up making a move back to the old support line before making another move down. This...