mwinmill

mwinmill

Lets be honest, Justin Sun is one of the loudest people in cryto. Lots of people roll their eyes at his constant promoting of announcements. However, we have clear, significant upside movement in the last few days. A lot of this is due to the staking to get SUN tokens. This has pushed Tron above the trend line of the wick and the body of the last 2 1/2 year...

mwinmill

XRP has one of the longest, most painful bear markets in crypto. What is also interesting is the start different between the USD and BTC pair. When bitcoin was crawling it's way out of the trenches in the last bear market, XRP was just barely hitting rock bottom. It wasn't until Bitcoins first attempt at a new all time high and promptly dropping below the previous...

mwinmill Updated 

Bitcoin is making another predictable move over the last few weeks. This is the 3rd major wave up with same basic pattern. Everything so far is going according to plan. As you can see from the markers, each move has been fairly predictable. This current move has been shorter than the previous, suggesting the move up may be sooner than the previous consolidation....

mwinmill

Is it most likely that bitcoin takes another 6 months to a year to reach an all-time-high again? Sure. However, if you look at the current price structure, we are in a brief consolidation before the next move. If you look left, you can see a very similar price structure before the big move to the upside we saw last year. Will we repeat? The jury is out, but the...

mwinmill Updated 

Repeated patterns is the name of the game. Bitcoin came out of a multi-month consolidation period and it seems to have broken out of its smaller consolidation pattern, but it is now breaking back into the pattern. This looks like a repeat of the previous consolidation. It looks like bitcoin needs a little more time before going up. Short term bearish,...

mwinmill

Looks like RVN wants to join the party. This coin has been asleep for a long time, but it was bound to fly. How this closes will be the real story. It needs to close around 200 SATs roughly to make this a S/R flip. Lots of overhead resistance, but congrats to those who got in early if this really starts taking off!

mwinmill

Seems like every other coin under the sun has had a nice run to the upside. RVN has had a particularly long consolidation period compared to its peers. What is clear, is the pattern is tightening and seems to be coming to a conclusion by the end of September. Will we BINANCE:RVNBTC take the entirety of those two months to have a breakout? Typically there is a...

mwinmill

Bitcoin has seen a very impressive rally the last few days. While most people were calling for lower prices, Bitcoin has been roaring back. However, for this to be a sustained rally, Bitcoin needs to do a little more consolidating. Going straight up is fun but it's not sustainable. A little breather here before a push for a higher high would be best if it's going...

mwinmill

Cardano has been moving fairly predictably over the last few weeks. It's had quite an impressive run. Assuming Bitcoin continues to make gains, Cardano will likely follow it's repeating wave pattern up. If Bitcoin dumps, this will delay it's move up and could cause a correction to lower prices. Looking left, this is playing out like a fractal.

mwinmill

It seems just about every coin under the sun has had a mini bull market at once time or another. Few coins have been hit as hard and for as long as XRP. It may be time for a major move. As you can see in the chart, if you look closely, you can see 2 sets of formations, which are fractals of each other. If XRP is repeating the same pattern, based on what I can see,...

mwinmill

Everyone watching crypto right now is trying to understand if we're going higher or if we're going lower. Most people seem to be bearish. I find it useful to look at unorthodox approaches for spotting patterns. Elliott wave, fractals, Fibonacci, moving averages and clouds - all have their place and are critical for understand the picture. sometimes its better to...

mwinmill

Target - $0.12

mwinmill

It looks like the dow is now consolidating in a potential falling wedge pattern after it's big bounce over the last couple months. We got rejected at resistance, but so far we're still in good shape. It did put in a lower high but the structure of the move does look like it is respecting fib lines, which would line up with strong resistance. We will be in for a...

mwinmill Updated 

The last 3 days have spooked some investors who think this is the top and now we're in for much lower prices. That may be true, however from my viewpoint, the trend has not changed. We are still trading well above the cloud on the daily. We are flirting with a bearish cross over on the 4H 50/200 and already crossed on the 4H 50/100. However, If you step back and...

mwinmill

A V shape recovery seemed too good to be true. We got rejected at resistance and now retesting support. Look for a round bottom here to confirm an Adam and Even formation.

mwinmill

Bitcoin is approaching some diagonal resistance. It is so far obeying the curve as shown in the chart. If it holds as resistance, we should see a spring up due to the consolidation pressure over the last couple weeks. If this doesn't hold, there are two other paths. Choose wisely.

mwinmill

It looks like the pattern is starting to come into focus. It seems there are some clear impulse waves that match up with classic fib lines pointing to a wave 5 resolving around the $13,500 area. Is this going to play out? It's unclear. Nothing is set in stone, however if Bitcoin breaks the top line of the bull-flag (Shown in the chart) it's currently in, then we...

mwinmill

Cardano has seen some bullish price action over the last few weeks. It is now running into resistance on the daily. It needs to close about the line shown in the chart to keep the party going.