moker-X

moker-X

I believe were are witnessing wave IV within the EW grand super cycle (multi-year bull market) unfolding as the price keeps bouncing withing the falling wedge as seen on the graph. The low of 6K took us below the lower trendline but we managed to climb back above and hold the levels within 2 weeks of touching down on 6K. This leads me to believe there is huge...

moker-X Updated 

BCH/USD showing a strong continuation pattern (triangle formation) which broke up on high volume, which can be considered as a valid breakout. Time to open some new positions with high reward low risk, target is 645-650 usd. Happy trading to all and good luck!

moker-X Updated 

NEO has been in a consolidation phase for a couple of weeks and has shown signs of break out during an initial rally from 20 to 39 USD. It looks like the market has bottomed out after falling +/- 80% from its high of 55. Market appears to be consolidating and forming a falling wedge during this consolidation. If prices break the upper trendline (break out point...

moker-X

This chart supports my previous posted idea regarding NEO/USD breakout in the next days. The rally is long due so I will keep holding my NEO positions unless NEO/USD breaks the huge support around 26 on very high volume. I will post an update on my NEOUSDT chart. The NEOBTC chart shows multiple things: - Huge support around 0,004000 - we have corrected +/- 80%...

moker-X Updated 

BCH has broken out of the bearish trendline and this breakout has been confirmed. Prices have been stuck in a consolidation for couple of weeks and have held the 300 level with very strong support.

moker-X

After a long period of stagnation in the 220 - 240 range, it looks like bitcoin is set for another big selloff. The bearish descending triangle that has been forming since the 310 high is narrowing down and has already had two touchdowns on the base of the triangle. In most cases, if such triangle does validate and breaks down, it does so at the third touch down,...

moker-X

Finally, after a couple of days of sideways action bitcoin price broke to the downside, breaking 220 and causing a mini panic sell off. The price touched 213 and hasn't seen any decent recovery, which makes me think that there will be a continuation of selling which will take us to 200 (or even a quick dip sub 200). After visiting 200 I think we might see a...

moker-X

Though I don't usually like to guess what type of pattern is turning out, it seems that there is a clear head and shoulder building across all exchanges. If this H&S proves legit, we might be looking at a target of 200 USD once we break the 220 support (and we will). This should happen somewhere in the next 24 to 48 hours. Of course, this mini crash will be...

moker-X

About 1 hour ago I did an update regarding the price for the coming hours, which I predicted it will go down. This chart is focused on the bigger picture, as we need to cofirm the trend we are currently undergoing. In some previous chart I already pointed out that there was a possibility that the breakout we recently had was just a throw over of the ascending...

moker-X

The double top of yesterday broke down, although it did not go straight down to 240, we were able to take profit. Unfortunately that same pattern is not visible on the huobi charts, where there was a weird head and shoulder / triple top-ish pattern. Nevertheless, all charts where pointing down. Today I use BTC / CNY on huobi for chart because it illustrates a...

moker-X

The ABC correction is completed and was followed by a rebound, as one can expect after a mid-size dump. It seems the price has reached a mid-term (1-4 months) top, and I believe we are still in a bearmarket. Why i believe this is explained below. To determine a trend reversal I mainly use candlestick analysis, which forms a good basis to find out which way the...

moker-X

The ABC correction is completed and was followed by a rebound, as one can expect after a mid-size dump. It seems the price has reached a mid-term (1-4 months) top, and I believe we are still in a bearmarket. Why i believe this is explained below. To determine a trend reversal I mainly use candlestick analysis, which forms a good basis to find out which way the...

moker-X

Bitcoin has yet again shown us how easy it is to manipulate a market if you have deep pockets, or if you have the right friends at the right place. A combination of heavily oversold market and some rumors about some weird moon project announced by coinbase was abused by some very wealthy people (if not the same people involved with the " moon " project). The...

moker-X

Seems like the correction from the 170 low is almost done. We might see one last surge up towards the 240 range, but I think we will see new lows after this, possibly sub 130 if the correct dosis of panic is injected. The correctional pattern seems to be developing in a regular ABC correction within the ascending wedge. I suspect a breakdown any time within the...

moker-X

The ABC correction from the 305 top has finished off exactly as predicted, see chart. After the bottom of C, the downtrend resumed and touched down on the (minor) 266 support. Of course a rebound was to be expected as prices don't move straight down or up. Now we are looking at a bearish wedge forming with a possible break down sometime tomorrow, or wednesday at...

moker-X

The retracement from the 255 low seems to be completing at the moment, an ABC correction should be expected at this point. After this, we will resume the decline towards sub 260 prices to retest the lower trendline of the big descending wedge. After the first corrective leg down (correctionA) there will be a correction to about 50% of the fall, this should put...

moker-X

EDIT 1: A user on bitcointalk forum posted an idea that triggered my thoughts, and i must admit he might be right. He suggested that there might be a false break of the descending triangle, putting us for a a short moment sub 240. The same user suggested a quick dip sub 200 is even possible, though i dont see that happening easily EDIT 2: Big chances we haven't...

moker-X

On the 1W chart we have a complete 8 wave cycle about to finish off. Elliot wave ABC correction is in full swing at this moment. Based on the fact that C should be lower than A, we will see prices around 25-30 USD per barrel before going back up again. Note that wave B consisted of a rising wedge, which once it breaks down should have the same length as the...