crypto477

crypto477

It has been a pretty brutal stretch for the majority of alts since this chart topped in the first week of December. However, after almost 2 months of accumulation we are seeing more and more compression on this chart ( notice the higher lows and lower highs). Once this pattern breaks, which I believe it will sometime in the next 7-10 days (based on the current...

crypto477

NASDAQ:NVDA I made a post about 6-7 weeks ago highlighting the potential for a triple bearish divergence on the monthly RSI for NVDA. The RSI has now rolled over in coordination with the trend line I had drawn back in February. The selling pressure we are seeing coming into this weekly candle close is further confirmation that this chart can pull back much...

crypto477 Updated 

Clear bearish divergence on the monthly timeframe. I expect this correction to be much deeper than the previous two which are shown. I will be watching the monthly close next week for confirmation.

crypto477

BITSTAMP:XRPUSD This enormous symmetrical triangle pattern has been slowly forming almost 7 years. So far, the bottom ascending trend line has had a number of touch points and has consistently acted as a support level. No guarantees, but if the breaks the top descending resistance line which is shown gets broken we could see gains of >1000% very quickly. ...

crypto477

This is my projection for the current impulse of CRYPTOCAP:TOTAL2 Ethereum has been looking especially strong breaking key resistance levels which has led to similar strength here. It will be important to see how we react to the resistance shown with the 2 highlighted green horizontals.

crypto477

Here is my short term EW count for BITFINEX:VETUSD Both the weekly RSI and Stochastic are showing signs of real strength. My initial target for the wave of this impulse is around .0676 (1.618 fib extension) We may see an ABC correction from there before breaking this resistance and moving higher. I'll post updates as this wave nears completion to show what...

crypto477

This is my EW count on BTC. However, I believe there is a possibility that the B leg extends into new ATH's if we are seeing some type of flat correction with an extended wave 5. If that were to occur my target would be 77747 (1.618 fib extension). I am holding mostly EURONEXT:ALTS and am expecting a significant rally in the coming months regardless of how...

crypto477

BINANCE:QTUMUSDT Following this breakout of a large symmetrical triangle that has been forming on this chart. The chart pattern is extremely high quality with almost no deviations for the past few months. Assuming we close the daily candle above the resistance line I will look to enter on the backtest. The breakout target is $38 but I think it go even higher...

crypto477

CRYPTOCAP:TOTAL3 I have been following this massive ascending triangle that has been forming on the TOTAL3 chart since the May correction. Notice how price has been unable to close any daily candles above the flat upper resistance bound. In the past few weeks this chart has consistently printed "doji's" as the consolidation inches closer to the upper resistance...

crypto477

XRP appears to repeating a similar structure to the one we saw earlier this year. If it continues to play out, price would consolidate in an uptrend until mid-November before breaking out slightly past current ATH. This move will feature explosive volatility given that is the typical behavior we see on the XRP chart.

crypto477

BITSTAMP:BTCUSD Sharing my thoughts on how I think the crypto bull run will finish. I believe that we are currently in wave 3 of the final impulsive wave for BTC. In terms of the entire market cycle we are in wave 5, but we are completing a wave 3 within wave 5. I expect that the bullish momentum will carry us past the current ATH of roughly 65k until we hit 72k...