Here's what ole' BTC is currently looking like: We've broken down out of our descending wedge and down out of our descending channel, capitulated, and have now move back up into both. On the daily, we are attempting to swim above our 200MA. It appears we are wanting to form an inverse Head-and-Shoulders pattern on the 4 hour. Volume has confirmed the left...
Litecoin has entered our buy zone! After a long and torturous descent, LTC has finally entered into our buy zone. Currently, in a descending wedge pattern (purple), LTC has bumped both upper resistance and lower support several times. We are running out of room in our triangle. LTC will be forced to decide where to go to get out. But which direction will it go?...
From what I see, we are still in an ABCDE correction (purple triangle). We could not close and confirm above the topmost black uptrend line last night on the daily. This is a significant development. We also have not broken out and above our purple triangle. This too is significant. Additionally, it looks like we may have one more corrective wave down (wave...
Here's what I am currently seeing. Looks like Bitcoin sellers are done for a few days. We could go up to $14.3k before BTC must make a decision. At this point, if the bulls have enough strength, we break out of the channel and continue up to my targets outline here and in previous posts. Target #1 - @20k Target #2 - @28k Or ...we continue down. If we go down,...
Here's what I see for little bro, Litecoin. We are currently in a descending triangle. Bulls are still weak. With light volume they could push us up past $219 resistance to $230 strong resistance, but unless there is some major bullish news, we will simple knock our heads on this ceiling and continue downward. If bulls continue to be weak, we'll eventually...
$12600 support has held and our new cycle has begun! Yay! Take a look at the chart. With the extended consolidation, it became necessary for me to update my targets. This extended consolidation allows me to also extend my target(s). Notice I have two now. So, what is going on here is that it seems we are in a wedge. Elliott Wave dictates an ABCDE touch and then...
I love the way VERGE is playing out. If the base of our triangle fails to hold at the 50MA we could retrace back to $0.07 (or .236 Fib). Right now we are in the buy zone. I'd set up the bulk of your buy orders here, between .07 and .11. Then, have a few above and below (just in case). Our longer term target will be around .76 cents! 800-900%+ profits. I'll...
Simple cup and handle pattern here. I think we could see a target of $7.25 reached within the next several weeks.
STEEM looks to be breaking out of a downward descending triangle on wave (D) instead of (E) bounce. Confirmation is still needed on the daily and so admittedly this post is early but we are in a buy range regardless. A cloned fractal (purple line) is used to measure the target range. RSI has bounce at the 50. If you play this trade, ladder your buy-ins as...
Ok. Let me explain what is going on in this noisy chart folks. I am sorry for all of the lines. The lines that I would like to explain are: 1) The two up-trending blue supports near our 50 day MA. These should stop us tonight. If we break through the first, we still have another. They are both very good support. Break 'em and we're going down to 11k. However,...
STEEM looks to be ready to show up tonight! My target is $11.75 at which point I will unload at least 25% of my stock. Notes are in the chart.
I am suspicious that we could now be forming the right shoulder. Short term target $17000. I will then sell and wait, watching closely. The bloodbath would be devastating. Then followed by a massive rally like we have not seen yet. From $6000 to $50,000 in one year!!!
Bitcoin. Litecoin. Ethereum. How am I trading three? Cautiously. Why? Although, most of the technical indicators seem to be in place to buy, there is no volume. This concerns me. I have dipping my toes into this slowly with fairly tight stops that follow up (see charts for details). The most I have into any trade right now is %50 of my trade deposits. I will gain...
If you choose to buy here, caution is advised. Dip your toes in slowly (dollar cost average in) and have your stops just below the ascending BLACK trendline. I'm extremely cautious here and reluctant to buy until we have more signs corroborating this move up.
Alright. So on a technical basis, we do have a couple of solid buy signals. -First of all, we broke our down channel. -Secondly, we entered back into my bull channel. So what's my problem, you asked. I don't know just yet? I'm still trying to put my finger on this one. If I had to put something into words here I'd say that we still don't have solid, hot red...
If you choose to buy here, great caution is advised. Dip your toes in slowly (dollar cost average in) and have your stops just below the ascending BLACK trendline. I'm extremely cautious here and reluctant to buy until we have more signs corroborating this move up.
I am not suggesting it will happen, but I am seeing some of the leading cryptos (Bitcoin, Litecoin, and Ethereum) poised to dump this weekend. In addition to all remaining in bearish chart patterns: -Ethereum has fallen below .618 fib retracement and the $275-$280 support level. -Bitcoin has dropped below it's longer term bullish channel yesterday...
I am not suggesting it will happen, but I am seeing some of the leading cryptos (Bitcoin, Litecoin, and Ethereum) poised to dump this weekend. In addition to all remaining in bearish chart patterns: -Ethereum has fallen below .618 fib retracement and the $275-$280 support level. -Bitcoin has dropped below it's longer term bullish channel yesterday...
