Verge/Bitcoin, 240 minute bars, 041118, 10:11 p.m., EST. Fast post: Hello traders, it appears that Verge is on the verge of completing a Wave (4) of lower degree pullback. This is not a particularly high confidence wave count, it is a decent pattern trace If true, there would then be two more rallies remaining. We would see a Wave (5) of bigger Wave 3, then a...
EOSUSD (EOS TOKEN) 12 HOUR BARS, 040518, 6:43 pm, EST. Michael Mansfield, CryptoPlayhouse Pending breakout buy ABOVE the recent Wave(I) high of 7.28, or a bit lower for the more aggressive. 1. Selloff since January, while deep, still looks corrective, with wave highs overlapping wave lows, which by definition is corrective in nature, but there are no...
EOSUSD (EOS Token) LOG Scaling, 041118, 3:32 a.m., EST. Michael Mansfield CIO, CryptoPlayhouse. Today was an interesting day, one where my former ability to see more market patterns in 3D, came back to me after a very long hiatus. So I built a playful (definitely not precise) pyramid on one or my favorite up and coming Distributed Ledger Technologies (DLT)...
BTCUSD (BTC) Daily bars, 040718, 5:43 am, EST. Michael Mansfield, CryptoPlayhouse 1. BTC is ready for a bounce, for maybe 3-10 days, unless it breaks out to the upside of what could be a wedge. 2. If a wedge or irregular triangle, then we could see the ABCDE pattern I posted. ABDCE's only applicable for actual triangles. 3. Risk is that many MAVs have rolled...
EOSUSD (EOS TOKEN) 120 minute bars, 040718, 5:00 am, EST. Michael Mansfield, CryptoPlayhouse EOSUSD BULLISH CUP & HANDLE, WEDGE IT EITHER WAY! This is an update an idea we published yesterday and its looking like: 1. MAVs are starting to round up. 2. It gave a tag above the resistance trend-line, yes it held it, but it didn't tank yet either. 3. Very nice CUP &...
Price is slowly losing momentum now, look to see if we can get a move down to 2480 before having another move up to try to break 2495 and the 2500 psych level.
Price is at resistance at as it has gapped up over the weekend to 2474 area. Look to see if price will hold here at resistance or finally try to break 2480 hard, and again try to retest the middle blue median line again.
Price climbed higher, but was push down again from 2452 resistance. We are now at 2437 support, so look to see if we should hold here a bit before trying to go lower, as we are still in a down trend on this time frame.
Price is still dropping lower, but we may see a pause here for the next couple days. I am still looking for price to hit support eventually near 2400, so look for that.