elpokor

elpokor Updated 

The total crypto cap index broke out of resistances on rallying volume, against daily and weekly divergences in RSI and momentum, with DMI and ADX over 25. It will probably fade out a bit next week, perhaps consolidating under the red line but the bulls are now undeniably in control. I'd say the bear market is already over. Granted I don't see a parabolic bull...

elpokor Updated 

Timing seems about right for loading up on the cryptosphere. Prices are finally showing some bullish action. I'd say the long term bottom is in.

elpokor

The absolute madman, never retracing more than 23.6% Fib. It's pulling the entire market up along with Litecoin. Common sense would say short the top of the third impulse when momentum is waning/doubtful, but memetic sense tells me to stay long for the time being, just in case it decides to go parabolic on the daily chart. There's weekly bearish divergence in RSI...

elpokor

LTC just closed a 4H candle above the green ascending channel, reaching the target of the previous H&S (orange arrow). Now, depending on how much FOMO there's in the market, it could take a couple days to digest the move up or it could shoot straight up. But given that we previously broke the 237-day long descending channel and we haven't reached the target yet...

elpokor

Double bottom breaking up. Thanks, captain obvious! Per Bulkowski's rules, 66% percentage of meeting price with a 640pips amplitude from bottom Adam to necklace would target $4425. On the daily chart, resistances are at $4465 and $4945 roughly.

elpokor Updated 

Decent risk/reward ratio on a speculative position betting on a revisit of the range highs. Indicators are divergent with price action and despite the low volatility last few weeks, the market is denying lower lows consistently and somewhat making a neutral-bullish trend. This would suggest a "buy the dip" situation, not a "sell at all costs" one; although we're...

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Daily bullish divergences painted all over the indicators, aligning with previous hidden bullish divergences in lows. Clear buying sign in any trading book. You may want for the daily MACD to crossover before buying in if you're a conservative trader, but beware of volatility. Besides that, we just repeated what we did on the previous orange triangle, so if...

elpokor Updated 

Last week I painted two bearish forecasts and we're now sitting in the middle of both but I think the pink one won't be fulfilled. Here's why: -Stochastic Indicator plummeted to the absolutely oversold zone, this has stirred the market and as of now it looks like we are "bullish" after the drop, but the Stochastic RSI paints bearish divergence with prices over...

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So after what I saw in the BTC charts, was wondering if Ether could provide me some room to increase the long position or take some profits. Boy, is it delivering! I saw the daily candle closing in what was looked like a bull trap, smelled like a bull trap and is certainly tasting like a bull trap. Shorted the 660€ price and will now go to sleep with a comfy...

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Heads up: I bought at my target level of 600€ (watch previous post) so biased analysis here. I think there's enough hidden bullish divergences to consider a retest of highs, bears haven't manage to sink the prices and Stochastic RSI and RSI are both ready for new highs. I'm guessing we will paint a weekly doji candle... HODL my bear and watch it develop! I've...

elpokor Updated 

Sorry guys, I've been busy this week and had no time to analyse the boring sideways action. Now the indicators are all heading the same direction: south. Bearish divergences in highs all over the place, that'd be the pink forecast arrow. But, the trend is still bullish in bigger timeframes, so if we pick up volatility and price dive aggresively we might paint...

elpokor Updated 

The weekly indicators look strong, but daily indicators look stronger. We're testing the weak hands for now until we get into the daily RSI oversold zone (and confirm it in weekly) to close the long position. >35% potentially in this Long entry (from 0.070ish to 0.095ish). Since Ether against fiat (EUR/USD) completed the classic bubble crash pattern, it...

elpokor Updated 

JPEG for laptop users (because reasons... font scaling of Tradingview's graphs is so bad in small monitors) This is getting so repetitive... My only issue is to predict when the dumps are going to come because I rarely look the smaller timeframes. Damn, I could've made bank on that third overextension-retraction. Reinforce long positions: hidden bullish...

elpokor Updated 

My spidey-sense smells that we've run out of stamina briefly in this bullrun, and watching the biggest timeframes now might be a bull trap due to divergences in 4h chart. I've elongated downwardws my red forecast arrow from April 19th prediction () because in the bigger scheme of things, we've shot all the way to 50% retracement of the falling wedge (left, bright...

elpokor Updated 

Main thoughts written in chart.TL;DR I think first we go orange arrow then up to green arrow targets, but watch market conditions closely: we could go red arrow but in the end I think we'll close the week in the green forecast arrow. No crystalball here tho, sorry guys. Coincidentially, the orange arrow (main forecast) would lead us to the orange snake which is...

elpokor Updated 

Pretty self explainatory chart with a bold prediction in orange. The other indicators seem to point in the same direction we might be refuelling the pumps to the upside. Two and a half hours ago, daily indicators looked like pointing in the same direction too This is how the bold prediction of the orange snake shows up in daily chart

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Here's the chart in a readable jpeg format Well, this is kinda of an update on one of my previous charts, with the recently closed weekly candle. For the 2014-2015 references, check the indicators in other exchanges as Coinbase wasn't in the game yet. The overall scenario looks like a trend reversal, not calling full bulls out yet; but we should at least be...