donmecha

donmecha

Lets start off an make it very clear that technically monero hasnt exactly fallen. Although it did reach some great heights its still up a huge amount for the year. This is more like the Rise and Fall of a cartel boss or something. Monero throughout the year has made many gains on Bitcoin chasing it around but in the last week to be honest Bitcoin has launched...

donmecha

From our 1 day (24hr) Litecoin chart we can see we have formed a somewhat Head and Shoulders pattern. I do expect to see a drop but I don't think by a whole lot. My reason behind that is because the Total Market Capitalisation of the entire market hasn't really gone up or down enough, its been rather similar even though the alt coins have taken a bit of a hit....

donmecha

Bitcoin finally broke through and instead of creating a double top. I think now we will see another bull run for Bitcoin with a few pullbacks but I doubt it will hold it back. Like I said in my last post when I was Neutral waiting to see if It was going to create a lower high or would go for the moon. Seems it took the moon path and will continue to push forth,...

donmecha Updated 

From a 1 day chart it looks like BTC either could push through and create ATH or according to the chart RSI and Stochastic's, divergence could indicate a steep fall. To be honest I'm still undecided on this one as the last couple of weeks the charts have been a bit WHACK and it seems like a lot of people are selling out from Alts back into Bitcoin. The total...

donmecha

Verge has been a slowly and steady bullish run the last few weeks! And I don't see it ending anytime to soon. Sure we will see it drop again here and there but with quick recoveries. Verge in my belief will continue is slow bullish run to the point where it crosses 1000 sats. When will that be you may ask and its a good question. To be honest I couldn't say I...

donmecha Updated 

Stratis is a good old fashion coin that is actually working quite hard to become a top dog of the crypto markets. Although they tend to stay out of the radar probably more often then they should. This chart is for a friend who asked what are my current thoughts on Stratis, will it blow up soon? Generally I love to chart using Bollinger Bands, Relative Strength...

donmecha

To be honest my hear says no my charts says yes and everytime I got against my chart I may as well jump in the beth with a toaster! I thought we would see the crash until July but nopee

donmecha Updated 

Before July I would have said BTC would correct to around $1600 before August 1st hits. Now I will say maybe around $2000 instead. There may be an opportunity to short here, but I wouldn't suggest this for new investors or investors with relatively small holdings. If you are wanting to short bitcoin I would suggest even going into USDT so that you can snatch up...

donmecha Updated 

In this chart we see a fairly bullish LTC making some gains. We can see we have higher highs on our chart and divergence gives us lower lows on our RSI. RSI divergence warns us of pending sharp correction. So how do we know when to go short? We go with the trend. If our MA is still up sloping we avoid the short until we see it going sideways and our RSI crosses...

donmecha

Just putting my last post against the USD as I think Bitcoin could either boom or fall depending on what happens around August 1st. Again just quicky I think we will see a period were XRP stays fairly balanced at the price it is at. Once the bands tighten we will see a bigger push to break out I will update this one as we get closer to August 1st as I check how...

donmecha

In my last post on XRP I thought there could be a breakout coming but if it didn't come it would be more likely to see it in August. We see here on the daily charts that XRP is over sold on the Stochastic daily charts and the bollingerbands are begging to get tight which usually indicates an upcoming breakout. Because with Bollinger bands we can't tell whether...

donmecha Updated 

Looking at the charts for LTC it seems depending on which way the market goes LTC will just follow. With August 1st coming up and the whole bitcoin saga if the market head down I will say LTC will head down but not by much. If the whole market goes up LTC will follow and I believe it will follow strongly. Its at roughly $40usd at the moment and I still think it...

donmecha

After a few rough looking days (good for shorter like myself) I believe we are going to see the bounce back of ETH to $325-350usd. If you were like myself you would have loved the short and rebuy of ETH yesterday. I was still expecting a few more bounces but it seems I am wrong. Anyone who bought at $206 yesterday, great work shout a few drinks for your mates this...

donmecha

Factom, the quiet achiever. Hard working devs that try to keep pretty quiet as they want to build organic growth. Is this a good thing? Yes and No. Its good in the fact that the devs know they have a superior product that doesn't need to be shilled and shoved down our throats. And not so good on the side that the market is full of coins and you have to be heard....

donmecha Updated 

Find out this month if ripple will form the cup and handle, or will she go another month or so before she makes a move. I'm betting we see a bit of action come back to Ripple, people have had their fun with all the other alts and meme coins and are probably looking for safer avenues to put their profits into. Obviously BTC and ETH give you that avenue but it's...

donmecha Updated 

Another hot cuppa SIA! Hopefully expecting a bit of a boom this week on SIA. This is one I'm holding long term as they are a calculated risk I'm willing to take for the price they are at the moment. A lot of these useful coins that still cost cents now will all be dollars later. Everythings coming sooner than expected. I want cryptos to bring a lot of success...

donmecha Updated 

Everywhere I look this week I'm seeing cup and handles. The big mover of the week is STRAT, 7 days ago it was $3 now its over $6. My thoughts are that theres hype around it and we could continue seeing growth. The question is will it fall a bit before it takes off, lately with cryptos its much harder to tell. But I see STRAT as a good strategic long term investment.

donmecha Updated 

Quick one today, beautiful cup and handle formed on the 30min DGB chart. This coin has huge potential, management seems well spoken and on the ball which is great for business development. I hope they stand the test of time. My thoughts are that DGB will make a lot of people rich.