


At the long time-frame of two weeks with ichimoku we see the price testing the bottom of the thick red cloud. At some point soon I expect a decisive entry into the cloud and the climb upwards to break from above cloud in the coming months. But not if JP Morgan can help it... Now certainly seems like a good entry based on bottoming. However, silver still may be a...
According to Martin Armstrong, for the best-case gold price target of $5k+ per ounce we would be best to see a breakdown below the current long-term support to see $1045 to form a slingshot move. Providing we see a topping in the near-term for current resistance to hold, it would be looking bearish for perhaps 10 months to fall back below support.
Litecoin's technicals are strong. Several weeks of consolidation, resting against the 1SD Bollinger, and this weeks candle ends with a decisive break to the upside, touching the previous ATH. MACD is positive. Fundamentals: With news on Atomic Swaps now beginning to emerge, litecoin has legs.
The weekly on bitcoin shows all previously projected rockets to the moon have been exceeded by a long shot. We're in unchartered and un-charted territory. Technical Analysis simply shows the strong upwards trend with extreme short-term volatility possible at any point. The only way to trade this for medium-term trading would be FOMO: Fear On Missing Out.
The challenge for Ethereum right now is that it's used for so many ICOs, so price fluctuates simply based on how many people are moving cash out of Eth into the ICO tokens. So assuming there's not too many big ICOs in the next week or two, Eth should be able to push past previous ATH according to the current Weekly chart. Strong MACD. Strong Heiken Ashi. Above 1SD...
Easy pick at this point is Ripple (despite not liking it for being centralized bankster blockchain) it probably has legs for the medium-term at least and currently painting a Weekly Reversal candle. We need to wait until the current candle closes to confirm.
Pressure mounting against trendline with 3 strong heiken ashi candles on 12H. I expect this breaks tomorrow for a rapid rise to previous high over the next few days.
50% rise to $70 and then beyond
With a big move to the downside in the past 2 days, worth commenting on possible price action over the coming weeks. A drop below the 4H cloud (imminent) could see a sustained decline back down to previous ATH (all time high) around $1300 before finding firm support. That would make for a very strong launch pad and price continuation (think $5,000 bitcoin.....
Right now looks like the perfect entry point for Crispr company Editas.
Good to see. May be the start of major move.
The recent all time high in bitcoin saw 0.97 ratio to gold, almost 1:1 parity, which no doubt will happen on the next drive in BTC price. The BTCUSD/XAUUSD pair is emerging in bitcoins favor from the daily ichimoku cloud .
1D and lower-time frames are toppish and high above the cloud. One more dip to re-set on the weekly kijun should be a good base for liftoff.
Based on the 2 previous Weekly Bollinger 1SD breakouts we are heading for a new rally.
My view on the most near-term possible turning point for a new Weekly bull run for Ether.
The recent drop due to Bitfinex saw the price hit a long-term Fibonnaci retracement level based on the Weekly chart and long-term low. That flash crash price drop now acts as a new short-term low for Daily Chart Fibonnaci Extensions. Orange brush line shows my 'best guess' providing the 580 holds and we get some action rather than trending tightly sideways. I...
stock, macd, and rsi seem to suggest upside readiness. blue trend lines show resistance target at 346 so short-term 'long', then neutral looking for strong move up or down from the 346