ThenDK

ThenDK

Dear trading enthusiast, Price action in the coming days is rather important for determining the overall direction in the coming weeks and months. Looking at the current trend: - Price is contracted in a falling wedge (green) and testing the bottom of the yellow channel. - RSI is printing hidden bearish divergence. I expect to see price brake out upwards out...

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Dear trading enthousiast, Maybe I am suffering from tunnel vision, or confirmation bias, but I see many trend lines converging to a ~6400/6500 target to the beginning of May (and a capitulation afterwards). Earlier I expected a pullback before reaching the top of the channel, but I think we won't see that happen (in fact, I don't think the bottom of the channel...

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Dear trading enthusiast, Like most coins STRATBTC is still correcting from the 2017 pump. Ever since that pump, price is being attracted back to the 3600 sat support level. There is plenty of space above the current descending triangle and I think Stratis will be one of the first altcoins to see her previous ATH. Stratis seems to be 6 months leading in terms of...

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Dear trading enthousiast, I have been following Raven closely the past few days. It is in the top-10 volume on Bittrex for the past few weeks now, so something is brewing. Looking closer you can see Raven is currently printing a fractal correction pattern of the 2nd Elliot wave and could break-out in a day or two. I think the target for the 5th wave is in the...

ThenDK

Dear trading enthousiast, The are quite some people expecting BTC to quickly return to the (sub-)4K price range. Actually, because of that, the opposite seems more likely to me. I think we are currently in an asecending channel. Although the MACD is about to cross bearish on the daily, I expect an impulse to $5800 before we really start correction wave 4, as I...

ThenDK

Dear trading enthousiast, I have been following RVNBTC the past few weeks and it looks about to break out of the fractal correction pattern it is currently in. This is best seen by comparing wave 2 and 4 on the hourly chart. Target for wave 5 is in the 2400 region. This coin has been in the top 5 volume on Bittrex the past few weeks on a row and is an indicator...

ThenDK

Dear trading enthousiast, After the pump to $5400 there are obvious bearish technical signals (i.e. MACD about to cross bearish on the daily), but an impulse wave to $5800 before correctioning lower is still possible as I show in this chart. A break below the ascending triangle would invalidate this analysis. TheNDK This chart is just for your entertainment...