Friends, critics, foes. A few days ago I made the prediction that little litecoin would break out of that first purple triangle you are seeing here on my charts. That it did. I was confident that it would go up rapidly. Not so much. Here's what I missed and why litecoin is baulking a bit at this upwards move. I knew the 200dma was ahead, however, because I am not...
Dearly beloved, I said unto thee that in three days time our dear friend Litecoin would rise from the dead. Indeed, 'tis the third day and behold, he is risen. He is risen indeed. PREVIOUS POST:
Ok my crypto trading friends, you know that I don't post often here. But when I do something big is around the corner. This time is no different. In less than 3 days, I am predicting that little brother Litecoin is going to start his rockets and lift off. I don't make these calls often. In fact, I don't really like reading these ideas on TV because it seems so...
Though I'm not 100% bullish yet, I can honestly say that this is the first time in 4 long months that the charts are showing me some positive signs of turning bullish. Here's what I see: #1 - A break above the top of our long 4 month down-trending BLUE channel. This is the first time BTC has made this break. Barely, but the green shoots of BTC spring are...
The green trendline I've drawn extends all the way back through May 2017. It offers enormous support and will be tough to break. Once tagged you can expect a $5-10 bounce minimum. Easy quick cash for all interested in playing. Peace and happy trades y'all!
Short term I am neutral. I mainly am posting this idea to make traders aware of a huge resistance area that bitcoin is now once again approaching. The last 5-6 posts, I have put myself out there and made price predictions that have been largely contrarian, but fortunately for me, spot on! I am grateful for the good trading fortune. Not wishing to push my luck, I...
Bitcoin should now start to trend up for the next week or so. I expect to be at the top of my BLUE downtrending channel again in 4-6 days or at around $10,000. In almost 3 months, the bulls have not yet proven that they have the strength to break out. I personally will be looking to sell (at least half, maybe more, maybe less) again once we get there. I want...
Real quick. Here's is the inverse H&S pattern that the masses on TV were spotting. The right shoulder that had formed (first one) looked good at the onset, but was not confirmed by volume. Thus, you will read in my last several posts, I was skeptical that it would give the bulls the strength needed to pass though massive overhead resistance. My skepticism has...
Well, Bitcoin has been actually making me look good the last several weeks. Projected pattern has been followed EXACTLY as expected thus far. You will find the related link of my previous post below but let me summarize it quickly for you: - Inverse H&S was spotted by the masses on tradingview, but I remained skeptical that these bulls would have the strength...
Little brother is traveling south. But where's he going? - Next stop is $172 - Below that $160 (the top of my previous buy zone) - He may even want to kiss mother 200 day one more time at $140 before coming back. These are your levels for the next week. A good zone to cast your buy ladder is anywhere from $160-$172. Set a couple of buys between $140-$160 as...
Well, that escalated quickly! And, surprise-surprise, we have found our long lost brother, volume! Not long after I hit the "POST" button on my last idea this morning, (), we started heading quickly to the target range I had predicted. We are still not there yet so hang tight. Here's what I see as possible scenarios: - One, a sideways day or two before...
Ooooh, everyone loves to be the first to spot and call a bullish pattern and/or run, don't they? And when everyone spots the same pattern, that is exactly the moment you should become skeptical. Especially, when whales are in the game attempting to manipulate outcome to their benefit. So, what I see here, and keep in mind this is according to the Bitstamp chart...
Just a question. Don't get all up in my grill, yo. But I don't see your man crush. Cuz, if he ain't coming, then why are you asking me to go. See, the problem here folks, is while everybody is busy calling this inverse H&S, which is supposed to take us through all that massive overhead resistance, I'm just not seeing any volume on the right shoulder. It seems...
Bitshares looks ready to break the correction phase of wave #2. We have completed A-B-C-D of the correction phase (also coiling pattern, or triangle). There is still the (E) touchpoint that has yet to complete, but also, may not. We could simple break out of our triangle here at (D) and continue upwards. Either way, this is a long range projection target. Wave...
Well, in a rare instance of predictability, Bitcoin has plotted the expected course precisely (see related post). I am expecting us to still cross our 200MA (current resistance) on the 4hr and hit our heads on that ever looming $12,600 QUAD resistance overhead. Whether we make it over that or not is still TBD. At the very least, traders would be advised to take...
A quick look at STEEM shows me we are in a longer extended triangle correction with A-B-C-D-E Elliot touch points. Now, sometimes the (D) touchpoint also becomes the breakout. I am unsure of the percentage here and am hoping a comment warrior can help me out but for sake of the illustration, I'd say that maybe 60-70% of the time we will travel down to point (E),...
Little bro Litecoin has done quite well for us as of late. If you are a follower of mine, you have seen my signal posts readying all traders for the entry of our buy zone (see related posts) as well as my updates warning of our exit out. If you bought in the buy zone predefined, congratulations! You've done quite well! Now you may be considering taking a bit of...
Here's my analysis on this little sleeper: Looking at the charts I see a beautiful cup and handle has formed and is nearing completion. The handle, which is also a descending triangle with a near perfect ABCDE correction touch, is almost near the final bottom touch (E). This is also the correction phase 2 of Elliot's 1-2-3-4-5 waves. Combining Fib retracement...
