The Diagonal pattern from the previous post has developed differently than we anticipated. However, our forecast of a move to new lows proved accurate. With the bottom now likely taking shape, it's time to switch to the buy side.
On the D1 chart, a Diagonal is likely forming. Its standard target is 1514-1496. On the smaller H4 chart, a downward impulse from 1669 to 1567 has formed, followed by a Flat in wave b. This aligns well with the Diagonal. Doubts about this scenario will arise if the upper boundary of the D1 Diagonal is breached.
A nearly pristine Triangle is emerging on the D1 chart. It meets the minimum requirements for completion, as indicated by a bearish signal on the H4. The pattern's standard target is 195. Note that it is part of an impulse from the 261.7 price level, which is nearing completion.
Looking at the Zcash charts, one can see the magnitude of a properly implemented privacy coin: Zcash is clearly edging up higher and higer as people are either remembering or realizing that privacy coins are very important as a hedge. Nobody wants their portfolio to be caught in a trap caused by government regulations and privacy coins help prevent this. Zcash is...
About NIX NIX Platform describes itself as a privacy currency and multi-layered interoperability platform that enables anonymity-focused decentralized applications (dApps) and smart contracts. It reportedly provides the option of adding a privacy layer to any blockchain. NIX is stake-able via LPoS(Leasing Proof of Stake) and supports Masternodes. Source:...
Whats up Guys, Analysis on the chart - I wasn't going to post this one, but i mentioned in the chat earlier, and someone was asking me about it. Its somewhat of a gamble IMO. So size and SL your positions accordingly. Let me know how you feel... give me a THUMBS UP and YOUR COMMENTS below - FOLLOW ME! My only goals are to provide FREE advice and...
In the previous idea I presented the H&S bottom scenario. It's been working out nicely so far: At this point the price has broken out from the descending channel. Many Inv H&S patterns are present on altcoins' chart. Volatility remains extremely low, which suggests that big plays are yet to come. If the price retraces below 7200, I will turn bearish again.
Inverse H&S pattern is emerging on Bitcoin chart. To my mind, this is the most probable bullish scenario. 7100 is the invalidation level.
In the previous idea we identified a bullish fractal - price behaviour identical to early April. Today the price broke from the channel confirming the setup. From the trading perspective, I was lucky to indentify optimal buy points on a pullback: Currently, there are two target zones for buyers, drawn on the chart. Oscillators and moving averages have confirmed...