To me it seems like we may be heading down to our lows in February around the $6,000 level. This is a very critical level that must hold if we want to see any form of recovery soon. Support is currently being shown on the upward trendline I have drawn, this may force an upward breakout within the coming week or two. Fundamentally, we also have over 60 crypto...
We've recently confirmed completion of the correction wave and now it seems we've completed Wave 1 of an impulse wave. If my prediction is correct, wave 2 will take us down to around $9,000 (.618 retracement of wave 1) again before we see wave 3 take us to around $17,400 over the next few months (wave 3 extends wave 1 by ratio of 1.618:1). By the end, we'll retest...
Following the price closely for the last several weeks, I have no reason to do in-depth technical analysis as it seems basic TA and psychological barriers are holding the strongest currently (as seen in my past charts) - I feel that everyone is over-analyzing the charts and not looking at the big picture here. Here we have a simple triangle that we are staying...
We've seen crazy amounts of growth within the past few days and as a lot of us believe, we are well due for a retracement at this point. Due to Bitcoin being incredibly bullish lately and how huge of a year 2018 will be for Bitcoin, I can see 2 scenarios occurring before reaching new heights again. Scenario 1: we see a retracement to the 0.236 level at around...
Looking at the current status of BCH, we are following an upward trend that has been present for almost a month now. This trend is approaching a resistance around the $1715 mark. Within the next week, we will most likely test this resistance again. Watch for a breakthrough of this $1715 resistance, I suggest taking profits a little before the $2,000 level as we...
For the duration of November, XRP has been bullish and has shown no signs of losing strength. We are now approaching a triangle breakout that will most likely occur at the end of today or early tomorrow. We are riding on an upward trend that has held for about 2 weeks now and are approaching the resistance line around $0.25 that has held for a little over a...
I believe that ETH is setting up for a breakout of $500 within the next couple of days. We've seen a strong bullish run and with new highs right around the corner, I believe it will continue to run strong for the rest of this year. Looking at the current situation, we're currently sitting in a channel between $478 and around $450. I would look for an entry at...