monkia

monkia

BTC will struggle to get to $7-$8k from here without either a 1-2 day sideways consolidation or a more brief rally. I expect this because: (a) 4hr RSI is oversold (b) There is divergance on the 4hr RSI Depending on how long the consolidation occurs for, we will either then have one flash sell off or a double sell off with another consolidation in...

monkia

If you followed my earlier analysis BTCUSD to 13000 and then down to 8500? , you will have seen that we planned for the possibility of a $13k reversal but we haven't got to the potential bottom yet. BTC has been in a bullish structure for the past week, posting higher lows and breaking through a diagonal down trend resistance on the 27th. An attempt to break...

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A setup is unfolding that _may_ lead BTCUSD up to 13,000 and then back down to 8,500 Why up to 13,000 before reversing? 13,000 reversal is supported by the following overlapping indicators 1) We are in a rising wedge (6hr) which typically breaks the opposite direction (down). The point of this is 13000 2) 0.5 Fib level of the 17k to 9k low 3) 50 day EMA (on 1...

monkia

I tend not to buy small cap stocks because the bid ask spread and liquidity typically suck. ETP is a small cap stock but is listed on Bitfinex so has reasonable liquidity. The current ETPUSD setup provides a risk reward scenario that meets my profile and channel trading strategy. It has found support on the bottom diagonal green trend line numerous times and...

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I believe OMG is a good opportunity long term, you can read more about why here : 500% return and 5 other reasons you should buy OMG We are setting up for a POTENTIAL buy opportunity. IF it plays out, it can allow you to get in or double down on your position. OMGUSD has been in a consolidation phase after a strong impulse up on 5 Jan. Within that time the...

monkia

If you've been following my earlier posts "ETHUSD to enter large leg 3 impulse driven by reversal on ETHBTC" here and here and ETHBTC breakout in a week or two or sooner? you'll be enjoying the ride. However, it's not too late to get in on this huge 3rd impulse wave. I've been using ETHBTC as a proxy to understand the opportunities for gradually...

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I've been watching OMG for a while. It had a great start in 2017 and has gone through a nice prolonged period of consolidation which has set it up nicely for a big leg 3 impulse drive. I have been trying to decide how much to invest and so did some research before deciding that this should represent a big % of my portfolio. I wanted to share a few key points...

monkia

Hey guys, I've written a detailed post here on OMG and its proposition vs XRP. 500% return and 5 other reasons you should buy OMG

monkia Updated 

I've been watching GAMEBTC for a while. It's a coin with a clear use case, good team and product making tracking (see fundamentals below). The technical analysis has been converging to represent a great buy in opportunity. News over the last 24 hours has been very positive. All in all, with minimum downside risk (10%), I think this has become a bit of a...

monkia Updated 

This one looks like a pretty obvious set up - but you need to wait for the break. I like it when a coin shows the same or very similar pattern against both BTC and USD. In this case, we can get ahead of the breakout on the USD by watching the BTC breakout. Breakout OMGBTC : 167 Trigger a buy on OMGUSD between $25-$26. However, if you want to be sure of the...

monkia Updated 

Yesterday morning I published an idea under the ETHBTC section here . I've done a detailed analysis on how ETH is likely to be entering a big leg 3 impulse, driven by a reversal on ETHBTC. I'm bullish on BTC but I'm looking for opportunities on coins that will outperform it. It's therefore helpful to look at both the ETHUSD and ETHBTC chats to understand the...

monkia Updated 

Looking at the bottom 1 day chart, you can see that leg 2 of the primary EW (black line) ended on 8 Dec. That leg contained a smaller set of 5 waves (orange) which you can clearly see finished the primary 2 leg off. From there, the 4 hour chart shows that we have completed two legs of a smaller wave (purple) which in itself contained a 5+ABC wave. This...

monkia Updated 

The title says ETHUSD, but the charts are ETHBTC. Keep on reading as that's intentional, I am bullish on BTC, but I think ETH will out perform it through to end of Q1 2018. Etherum has been getting hammered by BTC the past 6 months. But things could change over the coming week. The TA on both ETHUSD and ETHBTC back up a big third leg coming up soon, and as...

monkia Updated 

After a hellish 5 months, is ETH poised to make its come back? Resistance line well established over the past weeks and way back before it’s explosive growth. RSI provides plenty of room for significant up swing in ETH.

monkia Updated 

Providing no major corrections from BTC in the next 5 days, breakout from BCH likely...

monkia

Good support formed ... looking for a potential breakout

monkia

Using a log scaling on the right and the trend from the past 12 months, we can see BTCUSD getting to $50,000 between May and June 2018. We can be at around $7,000 now and still be on the trend lines - i.e. a correction now should be seen as a buying opportunity and/or we should just hodl. The RSI indicates it'll be a choppy ride getting there. The PPO shows we...

monkia

I'm a big believer in BTC long term and whilst it's likely to correct, I'm holding my position. This post is not about shorting or selling as I just wouldn't want to bet against this market. It is about trying to identify the right time to top up. It is interesting how two different time frames can show two very different pictures. The hourly chart shows a...