Tomcos76

Tomcos76 Updated 

If BTC drops from the current trend line and hits the long term trend line (bottom line in green) and returns upwards it can be a sign for a bullish move to come by forming an inverse head and shoulders. If this is the case I will be looking to buy in when price is returning upwards from hitting the long term trend line (returning from the bottom of the right...

Tomcos76

Looks like if bitcoin gets stopped here its going to DOWN pretty good. This goes along with my previous idea. Lets see what happens!

Tomcos76

BTC was in an upward momentum. It has just broken the trend line and I am looking for it to approach the downward trend line as well as the red fib level. Those would both be major supports and opportunities to buy in with a sell approaching the upper level of the downward trend line to lock in profit. This may take a few days for the price to approach these...

Tomcos76

Watch to see in which way the pennant is broken. Will have a buy order slightly above the resistance line that will purchase when the continuation of the upward trend is confirmed. If the price fluctuates below the support, the pattern should be disregarded and trades cancelled.

Tomcos76 Updated 

Here is a 1hr chart for ETH. An upward channel has been in tact for a while now and it seems that it may be broken. This is occurring as this upward channel is approaching the very heavy resistance of the downward channel. If this upward channel is broken, watch for new lows that would follow the large long term downtrend channel. On the other side, if the...

Tomcos76 Updated 

RSI is bullish. MACD crossed over. There is still a downward trend line that has been the resistance which would be at roughly $1040. With this momentum we are likely to reach that point, and maybe even surpass it and go closer to the next resistance at the .786 Fib level at roughly $1180. I have high hopes for ETH. If the price point approaches the downward...

Tomcos76 Updated 

ETH has been following an ascending triangle pattern. This normally is associated with a continuation of the trend, which in this case has been a short term uptrend. I am calling a target of $960 due to the length of the uptrend prior to the ascending triangle formation. A buy along the ascending trend line can be a good point to buy and hold for short term as...

Tomcos76 Updated 

ETH was looking like it had a good start today. My opinion as of now with the current scenario is that it will drop below both the 10 and 20 day EMA's towards the 0 fib level. I will watch it closely and if it drops below the EMA's significantly, I will most likely set a buy order slightly above the 0 fib level depending on indicators such as MACD and STOCH/RSI....

Tomcos76

This is a tough one for everybody invested in the crypto markets. The daily looks like it may have some potential of keeping the bottom trend line in tact so watch for that. Stoch/RSI is oversold. The only thing really making me think that we may be in trouble is if you look at the weekly chart. The 10 and 20 day EMA are on a crash course heading for a severe...

Tomcos76 Updated 

Looks like XRP is consolidating in a falling wedge. The Stoch/RSI is showing oversold on XRP/BTC. With the current market trend its hard to determine whether or not this will continue downwards or break out of the channel with some upward momentum. Putting a buy order a few notches higher than the the top trend line in hopes that a breakout will occur. Stop...

Tomcos76

Hard to tell when the next big move will occur. Scenario 1: Seems like BTC may consolidate between the .382 Fib line and the the downward trend line from 1/6/2018 (top green line). There could potentially be a break out there or it can dip to the downward support trend line that has been in place since 12/30/2017 (bottom green line). Scenario 2:...

Tomcos76 Updated 

Stoch/RSI seems to signal that BTC will continue to follow the downward trend line potentially to 10k-9k before any upward momentum is created. Looking to buy back in around that zone. If anyone has any conflicting views I'm all ears. I am here to learn!

Tomcos76 Updated 

Looks like BTC is going through a consolidation in a falling wedge reversal. From the Stoch/RSI it'll probably hit under 10k in 4-8 hours and then bounce off the .382 FIB and hit an uptrend to the previous resistance which can be roughly 11.5k-12k before taking another fall.

Tomcos76 Updated 

XRP just recently broke out, unfortunately I was not able to get in on time. Going to watch closely for a while to see if there is a solid pullback to hop back on the train. Will post updates.

Tomcos76 Updated 

The stoch/rsi is showing oversold and it clearly breaks the resistance line. This may be followed by a short pullback to the resistance as a support and then head back north. 2hr chart showing room to grow, 1hr chart showing room to grow, 30m is showing room to grow. Pretty new to this, would like to see what other people think so please feel free to a leave a...