Hi, After yesterday's tiny pump upwards the market has been stable, nothing new because this is a kinda familiar scenario. This price movement guided to price again above the $7,000 and it formed a candlestick pattern on the Daily timeframe - "Bullish Engulfing". There are some interesting areas and scenarios to keep an eye on. To be said, I will wait for price...
We need to get back up into the consolidation pattern or we are going down, down, down. Check out these two options. Who knows? Take care.
Hi, Happy New Year my dear followers, wishing you 12 months of success, 52 weeks of laughter, 365 days of fun, 8760 hours of joy, 525600 minutes of good luck and 31536000 seconds of happiness. ;) I cannot make any deep analysis but I determined a pretty decent buy area. After quite quiet holidays the price has reached to the possible short-term buy area. ...
This is about it. 3K was the bottom, lower is hopeful. See you at the top.
Hi, In this pretty quiet time, I would like to give an overview of what does I see and what I expect from the market. This week we got a pretty nice pump upwards from the slightly expected area. As always we needed confirmation, we got it (Morning Star candlestick pattern on 4H) and 10% was pretty easily doable. Now before Christmas, I would like to give a slight...
Hi, Litecoin (LTC) has started to approach one of the strongest areas, even among the other altcoins, this could be the strongest. Probably it sounds super-hyped but it just has historically two strong criteria/price levels that have started to make up a crossing area. Technically a good BUY area stays between $30 - $36: 1. Historical trendline, drawn from...
my opinion for coming 18 months
Hi, The price has reached to my previously pointed area $6,800-$6,900. As usually, it moved too long to the mentioned price zone and I have to make another post because we might have some changes on the chart. Firstly, I want to point out a double bottom possibility. This is not THE Double Bottom, because we haven't seen any breakouts from the neckline but...
I am a believer that right now, especially with these levels of market capitalization, that whales have significant control of the near term movement of coins. The reason I am charting LTC rather than BTC is simple: time and time again we have seen Litecoin “leading the way” for Bitcoin by moving first. This is only true until it’s not, but there is something...
Hi, During the downtrend, I have found a SHORT-TERM buy opportunity. I haven't seen this set up on the Bitcoin chart for a while and I would like to share my thoughts with you about that situation. Short-term bet against the trend. Just a little intro, as said, we have a downtrend and we can call it even crypt-long-term downtrend because it has been...
Low volume, extended down on the weekly RSI and matching moving averages as support line makes me to believe that btc price will have a big jump vertical VERY SOON.
Hi, We might get some trading opportunities because the Bitcoin price has reached the tip of the Triangle. Triangle breakouts have been pretty successful and hopefully, this time it is not an exception. Luckily this is not just a triangle. Those two trendlines, red and green, are also short- and mid-term counter-trendlines (CTL) which have guided us into the good...
Hi, Before the weekend, I would like to quickly point out similarities from last year's movements around this time (end of the year). The last year's dump started in the first half of November, this year's slow grinding downwards started also in the first half of November. 2018 falling found a short-term bottom around 24-25. November 2019 falling has found a...
It seems that ZCash will be accumilating for some time before revealing the next move. For now, I'd expect it to reach the major resistance at $35.3. Then consolidation will either start or we'll see a break above, stimilating buyers to enter long positions. On the other hand rejection of this level would lead to either another accumulation phase or could even...