Possible impulse for HOT?HOT is sitting on the 0.618 fib level, also too note we can see the Daily SMA200 is currently not far below at 21 sats so I am expecting some sort of bounce here. I have outlined what could be a massive impulse run for HOT where price is in wave 4 and about to transition into wave 5. First I am looking to see if we can close a daily candle above the 0.382 fib, if this happens I will then expect price to jump back into the 40s, and if price rises above our ATH at 46 sats the final target would be the 1.618 fib currently at 60 sats although this 1.618 can slightly vary if price does infact drop down lower to the daily SMA200. Whether or not this mega impulse run plays out.... I see reason to believe we trade a nice bounce here!
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A BTC Wyckoff Schematic that tells us the end is nearThis is my Wyckoff Accumulation Schematics I am watching. There are (2) types of schematics to keep an eye out for, schematic #1 provides a "spring" below support levels 1 and 2 but since this has been a true accumulation bottom buyers bring the price back above the supports and the uptrend begins. A spring is often caused by the market makers where they are "testing the waters" to see where the rest of the market stands and they will also use a spring to create last minute liquidity for their accumulations. Since price is falling below supports the rest of the market begins to believe the downtrend has resumed and begins to sell.....only selling to the powerful market makers at the exact bottom. There is also schematic #2 where there is no "spring", instead price comes down for its final test on support #1 and possibly #2 where it holds and then the uptrend begins. In the scenario we face right now with the weekly sma200 which i have roughly drawn in for the future test, we could in fact see price drop below this moving average but still hold onto support #2 for a schematic #2...... dropping below the weekly SMA200 could alone be viewed as a "spring" because it holds so much power in the overall macro trend. For a while I was placing the "sharp rally" where I have shown you "simple rally #1" which would have played out with an uptrend beginning in late July but now I am starting to believe the scenario I am showing you in this chart could very well play out.
Bounce coming for NCASH?Here is the NCASH daily chart and it is showing signs we are about to see a bounce. First off we can see a big bullish divergence has been printed on the RSI and TDI. MACD also seems to be crossing bullish. Tweezer bottom has been set and price is on the rise! Paper trading only!
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BTC looks compelling, Alt Season 2019 is about to begin!Well we can see price has broken out from the symmetrical triangle and we are just waiting for the 4H candle close above to confirm the breakout. I have a fully bullish bias at the moment, strong bullish signals throughout the market!
FirstClass Crypto VIP members went long at 3535 catching to low wicks and rode this all the way to the top of the triangle. To summarize on the past data we can see the bears could not get a 4H candle to close below the original 0.618, few wicks below but eaten right up, shortly after we can see a small break up from the bull flag / falling wedge but the bears jumped into combat and stopped this move short. Once price came back down, again tested the 0.618, held support and started to rise I knew we had this one in the bag. The fact BTC price has broken above this symmetrical triangle and will soon close the current 4H candle above is extremely bullish IMO. Not only is this recent move alarming but check out the Alt Coin Market Cap chart posted below.... looks to me Alt season 2019 is about to break out! Remember... you heard it from me first! Because the Altcoin Market Cap chart is not from Tradingview you will need to click the link below to view this chart.
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BTC different view of potential Wyckoff AccumulationI am still tracking BTC with the possibility of accumulation going on through my Wyckoff Schematic. In this view of Wyckoff there is a bear trap / spring presented. Also too note we can see a big bullish divergence happening with the RSI & TDI . Currently I am looking for BTC to close this daily candle above the weekly open, this will be short term bullish and has the potential to spark a rally to 3700. If price does succeed in breaking upwards to 3700 I will be looking for a pull back down to 3630ish to 3535ish.... this is where I have outlined 2 possibilities in the Wyckoff going forward and also levels in price I will be watching for possible entries if I am still confident BTC price will continue higher. I will update on this regularly to keep you guys informed! Please like, share, & follow!
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BTC potential Wyckoff Accumulation Schematic playing out? MaybeIncoming rally soon? Maybe.... This Wyckoff accumulation I have shown you isn't perfect but its damn near close enough. If you follow Wyckoff then BTC is currently in Phase C of accumulation. We also have GANN cycles & dates that point towards a big move coming on a few different days over the next week. FirstClass Crypto offers everyone a FREE 1 week trial for our trading group on discord and telegram for Bitmex & Binance trading.
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