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Cryptowolf

#BTC We are getting closer and closer to the global turn#BTC This idea is based on a 88% reversal of the market cycle and the intersection of TK on a 2-week scale, which also indicates a likely resumption of the uptrend. We are getting closer and closer to the global reversal, this situation may be accompanied by another fall to 2500, but next year we will first wait for the range of trade within 3-6k, and then build a new market cycle in the form of another record wave of growth. If there are no significant technical incidents or legislative changes, this scenario is very real.
BITSTAMP:BTCUSD
by CryptoWolfsTrust
2
#BTC comparison of the fall and its correction#BTC If you look at the BTC on a larger scale, you can see that in 2014 the absolute high was on December 5th. Before the first serious upward movement, Bitcoin fell by about 70%. In our case, the growth was in the middle of December, and from 20,000 to 6,000 rollback was also about 70%. 6000 is the level from which we jumped to a serious correction (12000), which is about 100%. Also on April 11, 2014, a 100% growth began. November 12, 2014, the last wave of the drain began, with a conditional bottom breaking through. It lasted until January 15, 2015. The total correction in 2014 was 87%, we now have 83%. 87% in our case is 2500. But as a percentage of the last growth until the end of the correction in 2014, we fell by 66%. Now from 10,000 we have fallen by 67%. Draw conclusions)
BITSTAMP:BTCUSD
by CryptoWolfsTrust
2
#BTC We can work out the bear pennant#BTC The descending channel still directs the market movement down, we can work out the bear pennant. As we see, the market fails to consolidate above current resistances. To get a reversal, most likely, we will look for the soil below. 3580 is a good support, but nobody canceled the opportunity to break through the levels below. You should not panic, such drawdowns are noticeable in the entire history of the formation of the graph. Such situations are not the end, but only the opportunity to catch an asset at a low price.
BITFINEX:BTCUSD
by CryptoWolfsTrust
#BTC Bitcoin Long Term View#BTC 3D Further development of the market may look like this. If we consider the last wave of growth and price correction, then we see that the market was able to roll back to almost -82% percent (in the current situation it may be around the level of 3600). 4800 is a good support, but nobody canceled the opportunity to break through the levels below. As a rule, Fib 0.786 resistance acts as a reversal range, but the price tends to often go lower for a while, we observed a similar phenomenon in 2015, and we can also observe it now. The fractal pattern of movements is a good guide for further understanding of the development of the market. You should not panic, such drawdowns are noticeable in the entire history of the formation of the graph. Such situations are not the end, but only the opportunity to catch an asset at a low price. Control emotions, share risks and be prepared for the most unexpected turns. At the moment we have a huge oversold RSI, a record low; we can bounce and move up, but pay attention last time the same time we came back down after the rebound. Thus, we have a chance to get a rebound, but with a further decline and after another oversold start to build an upward movement, perhaps lingering for some time in the sideways. Or, if during the bounce, the market will get a good volume and support of large players, then the breakdown of the orange downtrend line will give the scenario of a faster growth wave. Looking at the scheme of the psychology of the market cycle, it is very likely that we have passed through panic and anger and are now at the stage of depression, after which the market begins to form a new cycle, again increasing its value.
BITSTAMP:BTCUSD
by CryptoWolfsTrust
2
#BTC The price tests 50MA, which is a strong resistance.#BTC In the 1-week format, the price tests 50MA, which is a strong resistance. To break through which, probably, the asset does not have enough strength. We can drop to the support level of 8100. In 6-hour format, we can roll back and get correction from the last growth of 61% (Fib 0.618 level), where we will form another impulse to continue the bullish trend. In the 1-week format, MACD intersects and is ready to move up, pulling up the price, as described earlier, Stoch RSI looks bullish. For a further positive scenario, we need to stay in the 8125 zone. If Bitcoin descends to the level of 7900, we do not recommend making a big purchase on deals with alts.
COINBASE:BTCUSD
by CryptoWolfsTrust
LITECOIN - Bullish above 90 with target towards 500 - 1500This is VERY wide range and I am totally aware of such. I am reading multiple waves and first most conservative target is near 500 mark by end of next month ? That sound crazy but who knows what is ahead of us. I would not like 500 by next month end as it will be a sudden death, a more gradual approach towards 500 by end of 2018 is preferable. 1500 is not an impossible target and something tells me that *eventually* Bitcoin and Litecoin will be near par in terms of market cap. This means $1500 by end of 2019 is totally doable while Bitcoin suffer from network congestion.
COINBASE:LTCUSDLong
by UnknownUnicorn1616991
EURUSD - BUY for short term, SELL in long termSo back in January I predicted that EURUSD is Highly bearish when it was trading at 1.25 and the first target was predicted to be 1.15 and followed by 1.10 or even 1.05 (see the linked Idea) I suggested to cover some shorts around 1.15 which is a medium term support and can withstand for another few weeks to few months (maybe 6 months). Currently I see a short-mid term Bullish rally all the way towards 1.21-1.22 which should complete the right shoulder if only it retrace back to 1.15 levels from there. If EURUSD trade below 1.20 after touching 1.21 then I would advice to go SHORT @ 1.20 with a stop @ 1.22 and target of 1.15 at first and then 1.05 following later
Long
by UnknownUnicorn1616991
BCH - Ready for New HighsBCHUSD has broken out of the downtrend channel that it has been in since reaching all time highs in Dec-Jan. The price broke the downtrend channel between the Fibonacci numbers of 1.414 & 1.618. We have seen a recent spike which has only retraced 23.6% which suggests we are going to have an extended wave. The first target is at approx. BCHUSD $1269 (1 Week) The second target is at approx. BCHUSD $1889 (1 Month) I will update this analysis for corrections. Feel free to ask questions. -AB
COINBASE:BCHUSDLong
by FibMarketWatch
1
LTC - Can I get a C Wave?LTCUSD had a 5 wave downtrend wave and has completed A & B Corrective Waves. Well we did not hold my stop-loss from my last post (Linked) so LTCUSD still wanted to correct. I am looking for an ending C wave target I calculated from Wave A & B at the Fibonacci Level of 1, 1.236, and 1.382, and 1.618 (as shown). The C wave will be the beginning of a new 5 Wave sequence and C will then become Wave 1. That is scenario #1 We could continue to slide towards the "Dead Zone" which is from the Top of Wave 1 of the 5 Wave sequence when we reached all-time highs. I have put a stop on the chart just in case this happens. Cheers, -AB
COINBASE:LTCUSDLong
by FibMarketWatch
1