Whalepool
Downtrend for LTC means 2019ish uptrendIve been following LTC for almost 2 years now. And I have some strong feelings on it. Do I think it is a coin that has a purpose? no. I think, the development within LTC isn't specific to that coin. IE the same developers could do the same work under a different "brand". Do I think because of it's value and its fame it will be around for a ling time to come? Yes, I think LTC was going to break out huge this year. I think 80$ was hyst the start to a massive bull run . But I also think that run as been delayed until the next cycle in January.
Big whales didnt become rich off making the small bucks. Or betting on big gains. There get the bottom dollar price and sell for the ATH. They also know when to get in and when to get out. (because they are creating the waves that trigger trends by definition)
SO, I think they had a plan to bring LTC down from 140 to 20$ and then buy and bring it back to pass 140
but then COVID 19 or w.e. hit and everything crashed
The pump and dump worked before so why not do it again. This is why I think we will hit 20$ and the moon. Cuz that's what makes the whales the most money.
Potential Downside ETH targets, $150-180Areas of interest are the Pink Rectangles, I'm notoriously told my charts give people seizures with all the lines/colors so tried to clean this one up.
1. Blue Fib is drawn from the bottom ($6) to the high ($1424). I repeatedly see Cryptos respecting Fibs that are drawn from the bottom to "Notable Highs".
2. Yellow Fib is drawn from $6 to $805 (The 2nd High) which interestingly enough is an area where price has hit 4 times. This makes the Fib much more predictive due to the amount of time spent there. notice how the .618 from Yellow Fib and .786 from Blue Fib line up.
3. We bounced at $215 because of the previous time we bounced there on sept 14 2017.
4. Because of how strong resistance the $312 price line is, it would be a miracle (TA changing move) if we shot passed that price. So I see it as unlikely anytime soon.
4. The .786 level (which crypto loves to hit) on the Yellow Fib is a place to pause a dump at $180. But $150 could potentially be another place we drop to (LOW target), It's the next place we had a dip where we V-bottomed and continued up on July 14th 2017.
TLDR. ETH is wrecked, Cryptos are wrecked. $300 ETH is highly unlikely. I would short $225-250 area, with a target of $180 (yellow fib .718) or $150 (place we bounced before), depends on the price action.
Good luck, start shorting or start looking at other markets.
TKS/BTC Bittrex Pump and Dump AlertLooking for short term target to the Fib 161.8% extension on this pump and dump alert. No value in this trade other than a quick buck so don't get caught holding the bag! Never trade money that you can afford to loose and as always plan your trade and trade your plan!
EOS Long TermHave built a small position in EOS over the last month and it appears to be ready to make another leg up. Limited history here makes targeting difficult here but will likely be looking to take profits at .00125 and .003 (green). I think that my .00055 (blue) entry is going to be good for a long term play. For now alarms will continue to move up below daily signal candles. (red)
ZCash The LaggardZCash has taken a beating these last few months and has fallen from the top of the pile. It also has not seen the type of pumping that most other alts have seen recently. I'm watching 6 month long descending wedge that appears to have finally broken. Following the break we have had 3 days of textbook consolidation with daily inside bars and today had a break of that pattern to the upside. Will be looking for a break of the local swing high.
Targeting 0.065 and .1, with some trade volume to be left to ride.
BTCCNY - POC Entry Bouncing of the POC (Point of Control of the Volume Profile) - while leaving just wicks below it.
Also we are having a quite nice Inside Bar hopefully follow by a strong Entry Bar to give it some momentum.
(candle not finished yet - so the position sizing is not final -> update will follow)
TP1 at previous resistance of 4020 and the final TP area in the upper 4070 area - might wick up a little higher for a short squeeze.
High probability "Z" Candle close A really nice high probability candle (47,3%) on the 4H close which give us a good equity risk of 3.1%.
- because oof this wick to SL is just on the low of this candle to minimize risk.
Once in Profit set SL to B/E
ETHF short ideathinking ETHF .. fundamentals don't look good with ETH Classic gaining momentum... vs ETH Classic .. ETHF is alot more expensive and doesn't offer much more.. so maybe they need to come to equilibrium in price...
daily band squeeze.
this daily cr up failed gives us a tight stop for a short
BTC super compressionDaily bbands show this tightening could go on for another 1-2 weeks...
I'd like to see a consolidation here and then breakout to the top of the 12h resistance, 110% retrace to shake out all those longs and so on and then just continue to tighten making daily and 3d come into to the desired 'explosive' level.
An idea about how BTC tries to continuallyAn idea about how BTC tries to continually
sell off until it can just sell off no further
and all the weak hands have been shaken out
and finally it breaks up
If 3100 CNY fails, then we moste likely will see this play out.Loaded breakout at apex and during block-reward halving.