teknoaxe

teknoaxe

So, we have CHZUSD here, and it's still in an uptrend unlike a lot of the cryptos at the moment. We're currently in a pullback at the moment, and the value is currently in what I think is a buy zone, based on my indicators. My instinct is that I should probably wait for a double bottom to form here and the MACD on the two hour to cross above zero, which should...

teknoaxe

Looking at WLUNAUSD, the one thing that I'm seeing is that the Volume of trading on this coin seems to be exponentially greater than what it was when it was at even it's greatest value, or at any time before it crashed. Is this basically vulture trading, looking to take advantage of the resulting volatility at the bottom here? Or is this some sort of...

teknoaxe

I'm not sure how much this downtrend will continue, but given what I'me seeing here, we may have to wait a bit before the next upswing occures. The indicators below are set to Stochastic RSI 112 and RSI 448 The exact numbers are unimportant. What matters here is that there's enough values in the RSI to form sort of an "on/off" switch. You'll notice that the...

teknoaxe

We're still in a downward channel at the moment. Will have to wait until things flatten out before we go back up again. Every gain is short term until them.

teknoaxe

Last post I predicted two targets: 0.285 0.303 We hit those targets. What happened after? What you're seeing here is actually my modified version of bollinger bands. The blue band is not the 4hour band, but rather the 16-hour band from the 4 hour band point of view. The hard rejection we saw a few hours ago was the result of XRP hitting the exact top of that...

teknoaxe Updated 

First Target 0.285 Second Target 0.303

teknoaxe

Do you guys remember that prediction The Magic Poop Guy made back in the first part about this year about Bitcoin Bottoming out at 2k? He might have been right. What you're looking at here is bollinger-bands in multiple time-frames. I set it up originally for 1H so I could gauge 1H,4H,1D,1W all at the same time. Out of curiosity, I put this setup into the 4H...

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Last touch on the broken resistance from the last year is now. Everything else that I see has resistance trendlines to break through. XMR is free of all that, so we'll see where we end up.

teknoaxe

I want to compare the responses of XRP and DASH, because I feel it highlights that there can be more effective choice in what you choose to buy when it comes to long trades. As saw today, BTC and the rest of the cryptos surge after the dip we experienced two days ago. We ended up with basically a double-top (although I'm not discounting another surge just yet. ...

teknoaxe

In my experience, Falling and Rising wedges eventually give out to higher and lower prices. But the responses are muted and only short term. A lot of people were looking at a resistance that we just broke, and while it was valid, and that's the reason we see the flag now, I'm not sure how much more EOS can go up before it goes back down for a third time.

teknoaxe

We're looking at XRP Day Chart with three Moving Averages. EMA 20, MA 50, and EMA 200. The EMA 200 explains exactly where we are at with XRP and, quite frankly, most of the cryptosphere as we know it. Basically, in the long run, the market has not reversed from its downtrend yet. We do see strong support at 0.3 on XRP, so what we see next after XRP hits this...

teknoaxe

So what we're looking at is Moving Averages. An Exponential with a length of 20, and a Simple Moving average of 40 on the Day Scale. You'll notice that the 40 is still above the value and was above the value during the entire time all crypto made a rebound. What I'm seeing here is echoed through out a lot of reversal patterns. You'll get a bounce up, but will...

teknoaxe

EOS is in a downward channel. Look for the level that it drops to next, because it could signal a reversal if it hits anything less than the 1 level, which is the bottom line on this display.

teknoaxe

This fall is sure an interesting one. I've measured two highs and two lows since the crypto crash of two days ago. We probably need one more of each to confirm. Interestingly enough, I broke out a fib time projection, and the end of it matched with the end of this rising wedge. I could be wrong. I probably am.

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The following is a basic reasoning for my projection and where I chose my point. So I moved my low point from the last surge to X, which is a little earlier than what I had it at. When you do this, you can see the Fib retrace from the previous level hits squarely at .618. Interestingly enough, this is also where the resistance of the ascending triangle was, and...

teknoaxe

XRP has an interesting setup. The falling wedge has brought XRP back to the 0.786 lines, which is more than what I expected. It may be, though, that the momentum needed to break over the Ascending Triangle formation was enough to kill the momentum of the bull run we experienced in the last two days. The interesting tell seems to be the angle of the potential...

teknoaxe

EOS is in a falling wedge at the moment. This one is pretty well defined, and it seems to be supported by a previously long-standing resistance...a resistance that was there since July. The trip upwards will be met with another resistance along 6.1-ish territory.

teknoaxe

XRP is in a falling wedge. Once the consolidation is done, it should go up within the next 10 hours.