dcardona1

dcardona1

I believe we're forming yet another descending triangle. If we look back at the larger descending triangle that we broke in 2018, we achieved the % measured move to our recent low of $3150. The bigger pattern is a falling wedge. If we play out the measured % move of the new descending triangle, our target will be $2200 which falls in line with previous...

dcardona1

Change my mind

dcardona1

Falling Wedge pattern usually breaks to the upside between 55-80% of the pattern. I've narrowed it down to between 62-77% on the chart to try to hone in on the date. If the pattern plays out, we would expect a break out between December 18th and February 19th. I would expect us to break to the upside to at least a measured move of $9200. Pattern could also...

dcardona1

BTC Log chart - 2 weeks...seems rather bullish

dcardona1

On the weekly chart, we are approaching a few key levels of support. If we break the 2nd level of support along with a moving average cross and and RSI value below 40, we will be longer term bearish. Things to look for: 1st level of support between $400-$415 2nd level of support between $360-$395 Potential spike lows between $275 (level of support)...

dcardona1

Resistance at $6800, potential neckline for inverse H&S pattern. Rising Wedge (Bearish pattern) breaking structure with a shooting star daily candle. BTC looks like it's going back to test the $6200-6400 level to create the right shoulder. If we blow past that, look for $5800 to act as support to potentially form a double bottom. If we blow past that, then...

dcardona1

ETH just retraced in the downward channel to the .618 fib level $490. Expect movement to continue down. Bulls have to stop price from going past $440. If we continue past $440, expect at least $400 support level to hold up. If it doesn't hold up, we're looking at $320-$360.

dcardona1 Updated 

Need help deciphering what's going on with ETH. To me, it doesn't seem logical that a H&S or Descending Triangle pattern will play out since the targets would put it below 0. Of course anything could go to 0 but I don't see this being likely. On the bull side, we may form a cup and handle pattern and if it breaks out, it should put us at the $900+ range. Can...

dcardona1 Updated 

I'm reading "Technical Analysis of the Financial Markets" by John Murphy. Per his book, symmetrical triangles are usually a continuation pattern but a measured move would put us below 0 (along with my ETH idea). They usually break out between 2/3 and 3/4 of the width of the triangle (shown with vertical green lines). What are your thoughts?

dcardona1

Symmetrical triangle on TRON. Continuation pattern, targets to $0.10 + bullish news on the release of mainnet 5/31.

dcardona1

Looks like we hit the bottom trendline of the upward channel for the LONGS. Coming out of oversold territory with a MACD Bullish cross. Not sure what to make of this since my BTC Idea puts us in a symmetrical triangle pattern and about to hit the top of the triangle. If we break out of the triangle on BTC, then it's time to buy...but this BTCLONG could be a...

dcardona1

Here are my thoughts. ETHUSD still trading below downtrend line since December (on log chart - left) just like BTCUSD. 50 EMA at $550 and 200 EMA at $600. On 4 hour arithmetic chart - right, H&S pattern looks like it's finishing the right shoulder. Volume is also falling. We're still bearish unless ETHUSD can close above $600. We could be consolidating now...

dcardona1 Updated 

Just an idea. We are still in overall downtrend but chart shows potential counter-trend trade set up inbound.

dcardona1 Updated 

I got in kind of late yesterday after watching Real Crypto's youtube video (Link below). I am now at point of break even and was considering selling until I came up with my own chart. We are in an ascending triangle on the 4hr chart that has produced similar highs with higher lows. The 50 EMA is about to cross the 100 EMA and we have experienced some bullish...

dcardona1

Goes along with my idea on TRXBTC -

dcardona1

With BTC, LTC, and ETH's rise in prices, the altcoins have started playing catch up. Ripple (XRP) and Appcoins (APPC) have made good progress in putting in a bottom. Is it Tron's turn? I could see Tron reaching back down to $0.02 earlier but with everything going up and the Chinese new year, I see more potential to the upside. We had some good volume yesterday...

dcardona1 Updated 

We've been in a down trend for a while (in crypto world) most likely due to the result of BTC futures. It looks to me that we are entering an elliott wave pattern finishing wave 2 at the .618 retracement level. Anything is possible but I imagine we won't see anything until after the 26th once BTC future expires. Lots of announcements coming out for TRX although...

dcardona1

This may be wishful thinking since I still haven't got into Ripple on this "crash" (Correction) but we may be forming a gartley/cypher pattern on the 4 hr chart. We are forming similar patterns on ETH and BTC on the 4 hr chart. I still think we're due for another correction. If you look at BTC, ETH, XRP on a daily chart, it appears to me that we have not...