This elliot wave pattern lines up perfectly with what my CCI/MA chart shows from a few weeks ago. We could still pop off to the 7.1k area, but I think we're going down further going forward. Targets are tentatively set at red line levels.
My take on bitcoin for the coming weeks is that we're going to see another big drop. When the CCI reading went from +100 to -100, a large price drop followed. A MACD cross and 50 MA breach occurred around the same time as well. These situations have resulted in large 30% drops minimum, and I think we'll see a similar drop again. But before the continued downtrend,...
iH&S broke out of the neck line, but formed a bearish gartley. i'm going short to the green box, then long to finish the iH&S
Congrats to anyone who played $ONT since my last chart, and especially those who bought earlier. My entry didn't quite hit, but you would've made a damn good profit if you got in near the target. $ONT is clearly overbought and I can't imagine it going much higher for now. I didn't include it, but we've seem to have completed 5 elliot waves and I'm expecting a...
Price dipped as anticipated, but broke through support and is now being rejected by that same support. Good news is that an ABCD pattern has formed, while stochastic has reset and momentum slightly curling back up. New support is at 0.5 fib and kijun. If that support were to fail, we could be testing the head area again as its a low volume node area from the 0.5...
$ADA has been ranging for the past 16 hours as the market decides on where it goes for the next few days. As of right now, a bullish ABCD pattern has formed and awaiting the ichi cloud break to continue the uptrend (1 and 2 would represent B and D here). However, a potential drop is coming because: 1. volume at support levels have been weak 2. rejected by...
$XVG could drop a little more from current price, but i'm anticipating this H&S to play out. Fundamentally nothings changed with verge (still a pos coin imo), and there's still interest in the coin that i expect it rise again
$QASH is currently in an ascending triangle pattern, testing resistance. Momentum is strong as its above the zero line, and history has shown $QASH does well when it has momentum. There's a slight bearish divergence on the stochastic, so a support test is possible. There's confluence at the support with both the tenkan and kijun (not shown). Ascending triangle...
$QTUM has been ranging for awhile now, and is testing the upper resistance atm. BB/ketlner squeeze + strong RSI and momentum are hinting at a breakout soon. R:R is nice in this spot as 0.328 fib has held 6/8 times. Target is the 1.272 fib and Ichimoku cloud flat ceiling.
$ONT seems to have a 3 drives pattern forming inside of a H&S. The fib levels verify the 3 drives pattern so far, awaiting the final drive down to the 1.272~1.618 fib level. seems to be oversold currently and a drive up is expected to the fib levels below the neckline, before continuing down to complete the H&S to the 0.5 ~0.382 fib levels. I don' think the 0.382...
Wan is currently oversold and RSI, MOMENTUM, AND STOCH divergence is showing a drop is imminent. An ABC correction to test the EMA is anticipated. A doji followed by a forming hang man candle is present,but there's still time left for the candle to form something else. Green box near 0.618 fib is first target. If that breaks, 0.5 fib, then 56k satoshi range near...
$SALT appears to be in an Adam and Eve double bottom atm. $BTC is expected to drop in the coming days, so I'd expect $SALT to drop too before hitting upper channel with ease. Profits could be taken there, or it can be held longer for more gains in the coming months. Their credit card is set to launch on June 30th, so the upper hodl targets seem possible imo...
This one is gonna pump hard in the coming weeks. Keep an eye on this one.
ICON is launching their much anticipated ico platform in less than a month on April, 30th. Price has nearly retraced to the 0.236 fib level from its recent bull run. Its currently sitting on an upward trend line, while forming the cup of a potential cup and handle. It should face resistance at the 34k satoshi range, where the handle should be expected to form in...
$RCN will be launching their platform in 25 days on the 30th. However, its been slowly gaining momentum since February 20th during the bear market. Bullish divergences were developing during that time, until it bounced back +70% over the course of 7 days. It's retraced since then, but there's plenty more juice left. -It's had a sharp increase in momentum the...
$BTC has completed a bullish ABCD reversal pattern. Bulls have successfully defended $6.85K 4 days straight in the green box, prior to breaking out of it. Price was held by a HVN, and I think it'll get held again at the POC this time. I'm expecting some consolidation there while the market decides on where to go. 3 HR chart I published earlier is showing a...