quickshoe

quickshoe Feb 18, 2021

There appears to be a lot of attention on Dogecoin these days. People are asking whether it's a good time to get in... or a good time to sell... In order to appreciate where DOGE is right now and where it may be going we need to understand how we got here: At the beginning of the year, DOGE got a nice boost along with the rest of the market. It was as if buyers...

quickshoe Feb 6, 2021

While BTC trades sideways, the alts have gotten a boost. OMG has been riding waves off the MA50 on the 1 hour chart consistently. Will it continue? That's hard to say... If we look at the past week, now looks like a great time to buy before the next impulse upward. If we look at the past month, it would appear that we're due for a drop. A break above $5 would...

quickshoe Feb 6, 2021

The similarities are uncanny... almost to the month; almost to the percent. We are currently sitting at the baseline of the Fibonacci trend. It's entirely possible that we see a prolonged, steady growth as we continue the predominant trend, as we did in 2016. However, I think it's more likely that we see a steep ramp up as interest grows. After the 2011 ATH, it...

quickshoe Feb 5, 2021

This chart appears pretty self explanatory to me... if you're holding DOGE, now may be a good time to exchange it for BTC. If you're not holding DOGE, then you may be better off buying BTC. Note that the last time DOGE saw a spike of this magnitude was right before BTC began it's parabolic expansion to the 2017 ATH. Some might argue that it looks like BTC is...

quickshoe Updated  Aug 25, 2019

Looking at the chart, I see several bullish signals: At the bottom of a bullish pendant on the weekly timeframe (green), approaching the apex. 100 EMA support on the daily timeframe (blue) Hitting the lower support trendline on the shorter timeframe (purple) Proximity to the 0.382 Fib on the broader timeframe from the ATH to the subsequent low On the lower...

quickshoe Jul 8, 2019

I see people posting charts showing BTC following a horizontal parabolic trend (the curved green line) where the price of Bitcoin reaches a stable valuation several years in the future. I present here an alternate view showing a general growth trend (purple channel) that extends back to the beginning of BTC on Bitstamp and represents 150% growth year-after-year...

quickshoe Updated  Jul 7, 2019

There's a lot going on here, so bear with me (no pun intended...). First off, take a look at the two channels that I've drawn. We started this decline with a fairly steep downtrend channel. We broke out of that channel to begin a less steep downtrend channel. The bears are winning but their momentum is slowing... You'll also notice that we are near the top of...

quickshoe Updated  Jul 7, 2019

We've fallen below the 0.5 FIB and are creating lower lows from the recent drop. We've also fallen below a resistance line that traces back to a strong double top that was created in 2018. This has me thinking we have more to fall. I'm watching closely.

quickshoe Updated  Jul 3, 2019

I'm cautious about adding at this point. We had a good rally today, bouncing of the 0.382 Fib. However, this puts us at the top of our downtrend channel. We're also near the high of the general growth channel. This is where indecision gets the best of me. The circumstanced tell me to take some profits. We have strong support at $9600 but if this downtrend...

quickshoe Jun 27, 2019

I realized that my channel on yesterday's analysis stretched all the way up to the Dec '17 high and that this wasn't an accurate representation of the channel. Here I've corrected the channel to more accurately reflect the overall growth of BTC through the years. This channel tells me that BTC has had average returns of around 150% ROI each year. Which is to say...

quickshoe Jun 26, 2019

Notice: this is my first post, however, I have been investing in BTC through the good times and the bad. I see a lot of posts suggesting that BTC is going to crash below the yearly low and that makes me nervous. I'll be honest, this current rally makes me nervous. I'm left wondering whether to pull the trigger and take some profits. The rate of price increase is...