tom.farrell85

tom.farrell85

I may have identified what could be a reversal trend in the market for BitCoin and changes within the crypto market as a whole. As you can see I have set up a diamond top in the screen. I hope that it doesn't come to this for the bulls out there, but we may have topped out in the short and long term. Indicators are looking hot and need to cool off.

tom.farrell85

I believe that there will be a turn in the markets for BTCUSDT around the 19th (Purple line). I believe that it may follow the green and red lines I have drawn within the channel (the two parallel yellow lines). The Stoch RSI and the MACD are setting up in support of this, at this stage. Watch this space!

tom.farrell85

Cup and handle pattern on the 4-hour chart. $7250 the target. Plenty of support down there. Volume node below $7600. Not sure how long this will take, but be ready!

tom.farrell85 Updated 

support is broken at approx 8600 next major support level approx 7950-8000 then 7150-7350 potential drop to these lower levels is showing from the rising wedge pattern. BUT, Stoch RSI is in an oversold condition, which could lead to a high target of 10700

tom.farrell85

Just a heads up. The CME BTC1! Futures contract still has orders unfulfilled in the USD$7135 to USD$7375 price range. There is plenty of support just below this region. I would not be surprised if there is a flash crash to this area in the coming days followed by a run towards USD$9500

tom.farrell85 Updated 

No expert advice, not a financial adviser. Just looking at patterns My unprofessional and non-expert advice has BTCUSDT going on of two ways. The bull scenario I have has a target of around $9700. The bear scenario has a breakdown target of around $6500. Indicators are suggesting a bull scenario, but it could go either way. Let me know your thoughts!

tom.farrell85

Hey folks, what does everyone think of the cup and handle formation of LTCUSD in BitFinEx? The potential target is around USD$150 Not an expert, but your feedback is welcome!

tom.farrell85

I am testing out this theory using Elliot Wave Theory, ABC corrections and a 15-day cycle with BTCUSD on Bitfinex. If it holds true, then watch this space further. If not, then don't worry, it was just a theory!

tom.farrell85 Updated 

From what I can see at the moment, there is a potential inverted cup and handle forming on the daily for BABUSD. If it falls to between USD$130-$140 in the next 24-48 hours, it should see a possible rally up to potentially USD$180 followed by a fall as low as possibly USD$105. Watch this space! This is my guess on what is happening with BABUSD on BitFinEx ATM....

tom.farrell85

XRP has had many discussions about it over the years it has been around. I've been asked a small number of times recently about it. So, I've decided to do a small amount of TA on it. Although it's not truly decentralised like most other crypto's, the fact that it has many big investors and banking corporations looking at its real-world applications should be a...

tom.farrell85

XLM appears to be bucking the downward trend with higher lows and a strong buy signal stemming from it's oversold signal in the Stochastics RSI. I feel there is a bright future with XLM so watch this space! I do own some XLM and I am no expert on Crypto, markets or XLM. Trade at your own risk!

tom.farrell85

I have 65 shares in AMD I purchase over three months ago when it was around USD$16/share approximately. I've kept a watchful eye on it. I believe AMD has slid into this channel and will trade within that for the rest of the quarter at the most. AMD has had some bullish news for investors and is vying for a more solid position in the market over Intel with the...

tom.farrell85

At this present time: 2330AEST (+11UTC) BTCUSD is looking very bullish with upward trends and a possible breakthrough and heading towards $8350, possibly, over the next 12 to 14 hours... I am a beginner trader that is learning from others, so please trade with caution and set your stop-loss!