asuban

asuban

DOUBLE BOTTOM FORMATION?

asuban

The week chart reveals the true image of Bitcoin path. The correction to main trend line is happening if you like it or not. I am not buying long investment until green rectangle at around 6-7.100 USD. And week RSI must stay above 40. That will confirm that we are still bullish and the price will continue in dirrection above main trend line. GL

asuban

Not much to say. I'm not bias to BCH or BTC, all I'm interested in is making money. And here I see an opportunity. We just need a few agresive thougts from Roger Ver and than we go. I see this scenario unfolding for BCH. Possible upside break off of the consolidation triangle with EW leg 1 (green) and starting the last wave E of the larger Elliott Wave. Idea will...

asuban Updated 

I like VTC. But it's rising in a bubble pattern and consolidation will happen. So, I do not consider entering at the moment. I've made some long term predictions of the price movement. This is really just some general view of possible price moves and entry levels for really long term (few months) and this forecasting can be way way off. Blue boxes are areas...

asuban

Neo is the one of the popular ones and with a good tech. I have searched for trends in different time frames and scales. This log scale offers some long term insight what direction NEO could be going and is based on the past movement. I see this trend lines like trends based on feelings and hype. Channel between green and orange is Neo's main channel but when...

asuban

Neo is the one of the popular ones and with a good tech. I have searched for trends in different time frames and scales. This log scale offers some long term insight what direction NEO could be going and is based on the past movement. I see this trend lines like trends based on feelings and hype. Channel between green and orange is Neo's main channel but when...

asuban

ARK is in the last leg of EW in uptrend channel. 1.618 Fibb extensions match the resistance of the upper trend line so 6.30 USD is probably the end of wave 5 with possible extension to $7.50. Then the correction to main trend line is very likely.

asuban

If price movement goes from here up, the first leg of EW can be confirmed. Support line held at 100MA (moving avarege - light blue) what is a good sign. Than we can expect the move of price even to around 10 usd in leg (3) which is 1.61 fibb extention of current leg (1). In this pattern the leg (5) can lead to new ATH in the blue box.

asuban

STRATIS has a long consolidation. On the day time frame it's on a strong support and looks like it's forming a double bottom. Double bottom is a good sign for reversal, especially if it has formed on a day time frame. RSI bounced from 40 (red line) which confirms the possible reversal and volume is good too. So, I expect a move to first resistance - green line -...

asuban

Monero XMR/BTC revealed EW pattern. XMR finished leg 1 and is close to a low of wave 2. RSI have to stay above 40. Probably a good entry point for a swing trade for wave 3 an 5. Levels are approximated on previous resistances and supports. Wee can see a "golden cross" of 50MA an 200MA which confirms future upward movement. Good luck.

asuban

EW completed wave 5 at 7800 USD, higher than expected. Now here is the predicted ABC correction. First support is at MA50 at price ~5400 USD, next at MA100 at 4900 USD level. Buy order can be set at around 5000 USD but price can go as low as 4400 support. Observe the RSI action. Bofore the next move up it will probably go in the oversold area (red arrow) like at...

asuban

PAY is at support and we can expect the move to green line.

asuban

LTC is under efect of BTC forks. If you look on a daily chart, LTC rebound from 100 day MA. But at 4h chart it found resistance at 100MA. For me it's not attractive to buy at the current price because Risk/Reward (R/R) is not good. You can see that if it goes to 70 USD from here, R/R ratio it just 0.74 - you can get 0.74 dollar for every dollar you can lose. And...

asuban

Bitcoin is forming the head and shoulders pattern which indicates reversal in trend. Volume is decreasing and RSI is in downtrend. This support the H&S pattern. In the bigger picture we are in wave 5 of elliott wave (link of my analysis is bellow). I think that correction is near. I'm staying in cash for now. I will quote one of the best traders I follow here...

asuban

OMG is one of the blue chips. Because of that I think that it will not go much lower, max it will be to around 6.10 USD. So I'll buy 50 % now and if it goes under 7$ I'll add additional 50% at 6.30-6.50$ (blue line). If it's shows the reversal signs at major orange support line I'll add 50% there. Target 1 is 40 % profit where I sell only 20% of my investment...

asuban

I think that Ark is near the end of consolidation. It's at around 78% Fibb ratracement from last bullish swing. I will enter now with 30 % of money, if it goes further down I'll add another 40 % in the blue box around 35k SAT. After the reversal is confirmed I'll add the rest. No stop loss here, because I'm long term bullish on ARK and I think it's a good coin....

asuban Updated 

ARK is a strong coin. Do some research. If we look at previous ARK BTC movement (representative example in the yellow rectangle on the left) we can expect this scenarios. The black curve is the consolidation in both cases. Red are the main trend lines where we can expect suport. So I see as the most possible scenarios violet and orange arrows. Light blue I see...

asuban Updated 

If we break up from the triangle, possible move to 70 USD. If we go below the line you shoud set a stop loss.