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Cryptoharmonics

ETHUSD 3.14 AccelerationSeveral months ago, I posted a 30-week cycle projection that targeted 545 by January 31st. The price target was obliterated and the trend is now accelerating to a MINIMUM 3.14 extension at 1130. The recent breakout has triggered the move which has the support of EXPANDING RSI on the Daily and Weekly timeframes. The 30-week time projection is still valid but the price target now sits at 1130 (as high as 1300). I MUST REITERATE THE SPECULATIVE NATURE OF THESE MARKETS IS NOT TO BE UNDERESTIMATED! However, the continued strength at key harmonic levels continues to define measured opportunities.
BITFINEX:ETHUSDLong
by ScottCarney
1
Back to LiteCoin My last post a month ago on LTCUSD outlined the targets hit above 150 that represent harmonic extremes. The price doubled from there but has consolidated to setup a continuation within the framework of harmonic pattern structures. Much like BTCUSD , LTCUSD has triggered a harmonic pattern that targets a MINIMUM RETEST OF THE PRIOR HIGHS. Meanwhile, the RSI readings have turned up and present a retest to the 70 level at a minimum. The larger target at 505 represents a short-term target on a breakout to new highs. ETHUSD is leading the way and I will outline these crypto-harmonic pattern levels in my next post.
BITFINEX:LTCUSDLong
by ScottCarney
ETHUSD Education, LTCUSD Lesson @ The Harmonic University As I posted previously, I bailed on my Cryptos 2 days ago. They were: BTCUSD @ 8300: still here. Watching but it wants 10k. ETHUSD TypeII 88.6@380: now +80 Higher = The Education (look for reentry via ETCUSD?) LTCUSD = Sell @ 72 now 4 points higher ...The Lesson: Learn from ETHUSD One thing about harmonic patterns - it doesn't take too many examples to see where the structural measures are completing when similar markets exhibit clear completion zones. It was a long Thanksgiving as I watched ETHUSD breakout + left me in the dust - now headed straight to the weekly target at 545. Other Altcoins are ready to follow. LTCUSD : The Potential Reversal Zone for the Bearish Gartley at the 88.6% retracement at 88 in LTCUSD has been triggered. I'm looking to the Bpt level @ 72 for a reentry to catch a minimum move to 90. However, ETHUSD + BCHUSD are two markets that show us the frenzied speculative potential unfolding. Therefore, this Gartley could be annihilated on a breakout, triggering a move to 133 as the failed pattern "morphs" into a Crab. I am looking to REENTER 100% either way in the next 48hrs. Crypto Notes: Quite simply, I UNDERESTIMATED THE POWER OF ETHUSD but I will shift back to LONG ACCUMULATION of these AND other AltCoins NOW! I have been aware of Bitcoin since inception but have only studied the different blockchain types in the past 12 months. Admittedly late to this party, I am focused on the definable movements especially in daily + 4hr patterns. There will be corrections as the capitalization fluctuates over the long-term but these markets are in a frenzied state NOW hat has little to get in the way of the trend. ETHUSD was a $80 per coin education. However, LTCUSD and the likes of ETHUSD, SANUSD , ZECUSD , IOTUSD , XRTUSD , BCHUSD (others? ...please comment your favorite below!) I will follow up with more but look for ACCELERATED BREAKOUTS for the next two weeks. The CME Futures in BTCUSD will be a defining event for all cryptos but change the potential for EXCESSIVE SPECULATION! For this reason, these markets will run now and complete these targets sooner than later. Final Note: The USDollar is rolling over, getting weaker by the day and could add fuel to the CryptoUSD pairs. My long-term DXY and major USD pairs show a continued weakness for the greenback. Last week triggered violations across the board with few bullish possibilities in sight. I will follow up with some AltCoin Harmonics in my next post. This will be a busy weekend!
BITFINEX:LTCUSDLong
by ScottCarney
10