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ONT - Time for Ontology to turn around? (+300%)Quick and easy - ONT has been slaughtered recently - after a beautiful run up quintupling initially (where I guided the readers nicely :-) ), the cryptocurrency stood ground for a while but then got sacked just like all the other ones. Currently touching the last Fibonacci retracement level, having the RSI in an extremely overbought region, and the MACD about to make a big golden cross, this might be the time for reversal. Just a heads up from this guy! ONT is a solid gem and now available on the cheap.
Long
by A_Cryptastic_Mind
Vechain - An UBER-BUY no-brainer at this price?Quick post: -Vechain almost at the likely bottom of its correction (78,6% correction horizontal in blue) - around 20.000 satoshi. Currently at 22.000. - Given the incredible fundamentals of this one, this might be a good, if not a very good, if not an amazing and scarce opportunity for purchasing some. - Looking at the RSI: only at 5, or in normal language: incredibly oversold - MACD still needs a bit time before a golden cross can be forged accordingly - All things considered, this is an incredibly oversold token
VLong
by A_Cryptastic_Mind
2
Vechain finding support again, & looking greatI've been following Vechain for a while now and fundamentally it's an astounding business - 250+ partnerships amongst which projects to e.g. put the supply chain of BMW right into the blockchain. Quick post on the technicals + note that you can find my previous posts on Vechain here below in the "link to related ideas". Recently, Vechain broke the long term support and the cup & handle formation, but I think this is mostly a temporary anomaly / perhaps have to redraw the cup-part. In any case, price fell out of that pattern so it could touch and find the support on the horizontal 50% Fibonacci level (light green horizontal). The point where this happened was also exactly on the 61,8% Fibonacci speed resistance line (the diagonal depicted with a 0.618 next to it). Since then, we already moved back above the long term support line and we are confirming support there. Indicators are oriented bullishly (MACD; RSI) and fundamentals tell no other story. Our called-out "TRUE" buy moment, has not let us down, and we will see new gains soon. Especially if one considers the giant triangle formation Vechain is about to break from either direction. So, it is definitely time to keep an eye out on this one.
VLong
by A_Cryptastic_Mind
Ontology – big bull flag formationOntology has been making a lot of bullish pennants of lately, I wrote about these extensively in my previous posts , following up a 5X increase on its price. I also called the top and urged to sell at least part of your positions at the points where the green straws / outliers of the candles ticked of the top orange resistance lines. In the meantime, Ontology price has corrected to the 8000 sat level (down from a high above 12000!). But now, we are forming i) a triangle with strong support at 8116 (Fibonacci level that you can see all previous bottoms were formed in the last weeks), and ii) actually are forming a bull flag, and a big one at that. If this scenario pans out, we can add the length of the pole of the flag, to the breakout price round 9000-ish, which would let us see the moon again for a bit of time. At least, that would mean a big price rise. Moreover, if we look at the 2h chart, we have a bullish MACD and bullish RSI going for it, so this will be a first bounce moment. Although I think some more sideways movement will follow before a break-out occurs. Anyway, keep this scenario in mind before selling your positions! ;) BY THE WAY Did you know that you could've gotten 1000 ONT at the airdrop pre-ICO a few months back? Yes, you read that correctly - that would mean you were 8-1000$ richer today, because of an airdrop! And did you know that there is a new airdrop in the same ecosystem (NEO) today? Have a look at my twitter profile's pinned post (wijcryptonairs) where I posted a link to claim your own airdrop pot. I can't post it here directly, as external links are forbidden, but of course - we crypto-enthusiasts have to help eachother out!
Long
by A_Cryptastic_Mind
4
VECHAIN's bull run - what's next!I called the bottom and new "BIG BUY" moment for Vechain in my last post on April 12th (with the actual bottom at 01/04). You can see my graph back then here below (you can also click on it to see how it unfolded until now): For obvious reasons, I cleaned up the graph a bit and you can now clearly see 3 important points in the graph: - Point 1: BIG BUY moment for Vechain (based on MACD, RSI, Stochastic Momentum Index, etc. - definitely see my previous posts for deeper understanding) - Point 2: BIG SELL moment (same rationale) - Point 3: the BIG BUY moment I highlighted in my previous post of April 12th You can also see that I highlighted a "point 4" in the graph, which is where we are more or less now, and you can see a couple of things: - Price is stable around the Fibonacci retracement level at 51579 sat. - There is a strong support around 49000-ish as well, visible by the white line connecting the previous bottoms - A cup and handle formation seems apparent, and the graph is still moving around within that spectrum. We can also see that we are close to the cup and handle support there. You can also see how it looks like on the 4hr graph, with the shorter term Fibonacci horizontals: We seem to have a crossing there of the cup & handle bottom and the white support trendline at around 47000-ish. Indicators and the cup & handle formation suggest that some more consolidation could follow so that we continue nicely on their support levels. We can also increase somewhat more rapidly, indicators are not too clear in my opinion (after a quick & dirty analysis though), but I think the most important is that we have strong support levels, an incredible fundamental story (over 250 partnerships, a.o. with BMW, Louis Vuitton, Renault, etc. etc.) and stakes in the company by PriceWaterhouseCoopers (PwC) and some big whale investors. Conclusion: The fundamental story behind this one is incredible, it's almost unbelievable that this one didn't moon yet. Looking at the technicals, we see strong support levels not far down, so the reward/risk ratio is actually immense, especially in the longer run. Have a look for yourself, DYOR, and get your own stakes in Vechain if you think it's worth it! (Also have a look at my website - see profile - for fundamental analysis(or directly twitter follow) Thumbs up on the right of this post ;)
VLong
by A_Cryptastic_Mind
2
Bitcoin going at it again - insights in upcoming price movements In my previous post on Bitcoin , I highlighted that we were still too early for a break-out of the 10K resistance line and that we would fall back. We actually fell back a little more than I expected, because I was relatively impressed by the upward momentum at the time. However, following TA theory, if we don’t break the resistance, we fall back to support, in this case, firstly represented by the blue line, then Bitcoin fell to the next support level – the white line – and is now trading at the Fibonacci bottom of this spectrum. If we break this, the light blue line might come into place around $7,5K, but I think this will not happen. If we look at the 4-hourly chart, we see that we are back in oversold areas, and that indicators will soon start to look bullish. This is a quick post to give you some insight on the different levels of the graph, hope you find some interesting information :) You can already see on the 1hourly chart that we have a bounce on that bottom level, including a golden cross in the MACD and an upward curve in the RSI from oversold levels: On the 4-hourly, that is translating into a Heikin Ashi spinning top (the last candle stick with straws at both sides), which is a typical trend reversal indicator. Given the above information, it is likely that we will at least first see a bounce, and have to follow up what will happen after that. Zooming out on the daily, we also see that the MACD will make a bull cross, and that RSI is practically oversold. It seems like this might be one of the last stutters before the big break-out at $10K. On the weekly, you simply have to look at the MACD, which is about to make a BIG bull cross, suggesting we are indeed closing in to a much more bullish character. Forgive me for all the lines in the zoom-out, but simply look at the ABC correction figure drawn over the graph. This might suggest that we are indeed getting started at a new bull run for that matter. Again, this is a quick post to give you some insight on the different levels of the graph, hope you find some interesting information :) In any case, there will be a bounce now, and given the overall indicators story, we should logically go up soon.
BITFINEX:BTCUSDLong
by A_Cryptastic_Mind
7
DAX (EU leading index) - Promising short term inverse H&SIn a previous post on the DAX I emphasized a very bearish stance regarding the DAX on the mid term. I still stand by that thesis completely . However, in the short term, there is an inverse head and shoulders forming , which would - if the neckline were to be broken - give us around 13.200EUR as a break-out target (probably a bit too high, looking at the left shoulder of the long term graph - see further). This is especially interesting if we take into account the mid-long term, as I'm actually bearish on the overall graph . By this, I mean that this short term pattern will allow me and you to get out of our DAX positions (or similar/other EU indexes) with some additional profit. Looking at the short term graph, we clearly see an inverse head and shoulders. The weekly is very very clear on that (see graph of the post above), but also on the daily we see something similar (albeit, indicators here are somewhat bearish on the shorter term, likely in order to complete the shoulder). Yet, looking at the weekly, we see a clear bull cross in the MACD and upward momentum building in the RSI. This confirms / increases the odds of the inverse H&S scenario panning out. Now, that's the short term, and I believe we will be able to make some profits out of this figure, but the longer trend is definitely bearish, with the BIG bearish head and shoulder figure clearly being formed ever since I mentioned it in my previous post almost 2 months ago. Post of March 2: See the three red circles showing the head and shoulder figure on today's chart: Also note the double top in the head! For more background on my longer term stance, very thoroughly explained, please refer to my previous post. Conclusion: - Short term inverse head and shoulders, allowing us to take some additional profit when exiting our positions, as we will have to exit them in my humble opinion, because we have a big head and shoulders figure, are at the top of the long term trend channel, and even see a double top. That's almost textbook, so the odds are in favor of that bearish scenario. - Good luck with your investments and with your trades. - A thumbs up on the post is very welcome if it helped you out, you found it interesting, gained you a million bucks :-)
XETR:DAXLong
by A_Cryptastic_Mind
3
LTCUSD - Litecoin & the break-outLooking at Litecoin, we just broke upper triangle resistance line. However : i) on the daily, I see the MACD hesitating a little, and maybe even curving bearishly first; ii) volume is lacking; iii) the RSI is in the overbought area; iv) we still have a horizontal resistance to break before we're in the clear (Fibonacci 23,6% at $170). All of that makes me discern two major scenarios: 1) We just break-out now: meaning we break the 23,6% Fibonacci at $170, consolidate a little (if any), and are ready to roll. --> But given the above (i to iv), I believe this might be a too optimistic view (although I do believe a break-out is close of course, albeit somewhat delayed, which would mean we might end up with better entry points). 2) we first have to resolve the points above (i to iv), meaning that there will be some red candles before we can truly attack that 23,6% level at $170. That being said, the base of the triangle is at $100ish. So that's still a long way to fall. However, given the current bullishness in the market, that might be somewhat of a stretch. $143, perhaps $136 would already make the cut (see the Fibonacci horiztonals for the shorter term in the graph below): Conclusion : - I believe we are breaking out. But given points i to iv, we might be in for some downward pressure first, before attacking and breaking the $170 zone. - Targets are highlighted by the Fibonacci line on the main graph of this post ( $208, $239, $270, $314, $371 (before talking about new all time highs))
BITFINEX:LTCUSD
by A_Cryptastic_Mind
5
Bitcoin struggling hard with the break-out - how it will unfoldBitcoin is boinking against that $9800-ish resistance with all its power and it’s having a hard time breaking through. Last time at April 25th, a single test resulted in a full drop back to $8700. Today, we’re seeing already a double test (or a double top for that matter?) and on this 1 hourly chart, a bearish MACD and a negatively spiralling RSI. That’s not good news. Even though Bitcoin could surprise us here. We shouldn’t forget to look at all this information when it comes to our decision-making. The 2-hourly chart shows a similar picture: The 3-hourly is about to make a death cross in the MACD, and is showing a (see the last candle stick) trend reversal Heikin Ashi candle, hinting to a downward push first. Same for the 4-hourly, even though the Heikin Ashi doji is green (the last candle stick), it’s still a trend reversal one: On the daily however, we are seeing in the RSI that bitcoin is around being overbought, but still the momentum is upward. Looking at the MACD, instead of making a death cross, the blue line actually curves upward to continue the bullish trend. Although, taking into account the shorter time frames, it is definitely possible that the MACD still curves downward and that we will have to get ready for another test later on, and that the break-out is not for today. The weekly is looking great, with a MACD golden cross in the making, an upward trending RSI, and an overall nice looking chart. This makes me believe that it is only a matter of time before the big bitcoin break-out: And finally, the 15min chart, showing how many times today we already tried breaking through that big resistance: Conclusion: - I do believe a break-out for bitcoin is only a matter of time. It will also come sooner then later. We have an incredibly bullish picture on the weekly, with a golden cross in the MACD in the making, and overall indicators and chart lay-out looking bullish. - If I look at the chart and its components today, completely objectively, it looks like we are likely still a little early in breaking out. Almost every time frame confirms this view. If we look at the 15min, we see that we keep on testing that resistance line, showing proof of the strong upward momentum underneath, but also of the strong resistance. - We could break the resistance today, but objectively, it looks like we might have to wait a couple of days more.
BITFINEX:BTCUSD
by A_Cryptastic_Mind
4
ChainLink (LINK) - Crazy cup & handle complete - time to moon?Just look at this beautiful cup. Even the handle has been formed. In theory, we can get ready for a cup & handle trade. If we break through the " coffee " line, we can expect the size of the handle to be added up to that level. That's kinda insane. In the meanwhile, we are seeing that on the 4hourly chart, there is still some downward pressure first : you can see this in the RSI, the MACD, and the small green trend channel where resistance is pushing price down for the moment. Looking at a longer timeframe, this could be an incredibly beautiful cup & handle bursting to the moon. That's of course not the only scenario. Yet, I'm placing some buy orders around the 5600 sat level, and, I've been in this trade ever since my previous post on Chainlink, where I compared it to the dollar: Link - Flirting with a crazy break-out (250% potential) (I also highlighted the cup & handle versus Bitcoin in that post) I'm up around 100% there, but I'm buying some more. This is a project with a lot of nice yet secret stuff going on (you can find some things in reddit groups etc.) Moreover, tomorrow LINK supposedly will announce the launch of its test net, which could provide the pump we need. LINK chart versus the dollar, today: Link versus Bitcoin: - Stop loss around the 5213-ish Fibonacci line, or somewhat higher close to the trend channel base (according to your risk appetite) - Targets can be set near the upper Fibonacci lines (keep it simple). - And keep a stash that can moon.
Long
by A_Cryptastic_Mind
3
Simple token (OST) - Getting ready to TRIPLE in May? (x3 pot.)Following some previous examples that have done very well, Simple Token seems to be heading the same direction. We already saw it with Verge , where I highlighted the cup & handle potential, but also the sell moment (the day of its major announcement, a typical dump day). We saw it with ICX , for which I've been on the spot for over 20 trading days (just to tell you that it makes sense to read this post :) ) We saw it with Cardano , where I called the end of the downtrend / the bottom, and the subsequent forming of the second part of the cup and handle. I find the Simple Token case similar, but somewhat less certain of panning out as a cup & handle scenario. Nevertheless, I propose this as an idea, as I believe there is lots of upside in this fundamentally sound cryptocurrency. If it breaks resistance at 3353 sats (the 78,6% Fibonacci correction level), we'll be heading to the 61,8% level at 4776 sat, which is already 40-50% higher (roughly calculated :-) ). If we kindly continue on the cup & handle pattern, we're in for a "tripling" in May - beginning June alone. And the thing with cup and handles is, if the handle is formed, THEN the actual upward part starts. In short: an undervalued crypto to keep an active eye on! PS: could you gently click the thumbs up button 10 centimeters to the right of this dot: .
OLong
by A_Cryptastic_Mind
3
Ontology (ONT) - The big bull run!Since our last public post on Ontology (see chart below), Ontology has more then doubled in about a week time. Previous post (19 April): If we look at the ONT graph today, we see an amazing gain, especially compared to previous levels. Ever since March, we actually made over 500-600% gains. Even today, the price is spiking with a whopping 18% (and that's not even to the daily high at 0,0012 BTC. But how long can it last? I placed my sell orders increasingly near the Fibonacci lines so that I could take some profit on this gem if it were to run as fast as it did. And I still have a small position for which I'm trying to get that 0,0012 BTC level. However, if you are still in this position, I believe that fundamentally it remains an incredible gem with still a lot of growth potential. But the chart is trying to warn us now. You can see how we hit the first crucial resistance level in (1), and at the same day today the second one in (2). These resistance levels are very strong and can definitely cause the price to correct. Which would also be very healthy (after such a run up!!!). Be happy, don't forget to take at least some profit. And if you love this one, don't necessarily sell everything you got. (also note that the MACD and RSI are in the overbought areas) Finally, if we zoom out to the daily graph, we could say that this is the finalizating of the fifth Elliot Wave, which would logically be followed by, say, an ABC correction figure. In the meanwhile, definitely have a look at #TKY - this is a gem in the same NEO ecosystem, but still largely undervalued. Note: this is my personal opinion, not formal investment advice - DYOR! :-) Note 2: I love getting thumbs up, makes me feel like I'm helping the community and people are actually reading this free stuff ;-)
by A_Cryptastic_Mind
2
Genesis Vision (GVT) short term – The break-out, and the targetsIn my previous post I explained very quickly that GVT was finally in for a break-out of its' triangle formation. Minutes later it broke out and will now likely retrace a little before the bounce-off. That brings me to the next part of the story – the targets and the overall chart picture. Chart of previous post yesterday, where I called the break-out: Daily chart: First off, you can see that in (1), the longer term support was reached, almost coinciding with the triangle base. That strong support and the changing momentum has now pushed GVT through the triangle resistance in (2). Moreover, if we look at the overall chart, we see that GVT has actually been in a relatively wide upward channel / trading range. And, GVT fell through the support of that trading range beginning of April. In general, we could reasonably expect that the price will revert to that “mean” trading channel. And hence, it should actually minimally be trading at around 35000 sat today (point 3), to be in the lowest area of that upward trend channel. That would already mean a big increase from today’s levels! If we look at the Fibonacci retracement lines, I drew them from the All time high (4), to point (1). The next pricing targets are: 29904 sat 32273 sat 34642 sat 38014 sat 42310 sat You could place your sell triggers at those levels gradually and according to your risk appetite. Can we still fall back? Yes, it’s always a matter of scenarios. But here the bulls are in favour, and we still have a strong support at 24000-ish. In the meanwhile, don’t be too surprised if you see the price tracing back before increasing, which is very normal for triangle break-outs. Best of luck,
GLong
by A_Cryptastic_Mind
2
OMG! - Beautiful purple cup & handle for Omisego?!I was looking at the chart of OMG and I immediately saw this beautiful purple cup with a forming handle. The trend is sideways to downward for the moment (mostly downward), so that the handle can be formed. You can also see that confirmed in the MACD (death cross on the daily) and clear overboughtness in the RSI. This makes me to believe that we are likely looking at an almost textbook cup & handle, that shall have to retrace back up soon to the 195877 satoshi area. If that resistance area is broken, we are in for some serious upward potential. Next targets would be around 221670 at and 247463. BUT, we are not there yet, first expect some reddish candles to steal the show. Let’s stay tuned, watching closely from the sidelines.
by A_Cryptastic_Mind
3
The S&P 500 – A word of warningThe S&P 500 has experienced an incredible run ever since its low in 2009, surging from $652 to a top of $2869. That is an incredible rate of return totalling +340%. Or an annual rate of return just under 18% - and that still leaves out the return gained through dividends. I want to provide some word of caution in this post, looking at the graph and looking at long term average rate of returns for the stock market as a whole. The latter lies around 6 to 6,5%. Hell, you might even say 8% or 10% for that matter. The point is that, we have experienced a prolonged period now providing us 18% CAGRs. Of course, it depends on when you put your starting point, if you take the top of 2007, that CAGR is instantly quite lower. So, this by itself does not provide us enough information, but does give us a sense of how strong this bull market has been. Now, I don’t want to overly focus on more than the mere technicals here, as they already speak for themselves: 1) TREND CHANNEL SINCE 2009 : Looking at the trend channel the S&P 500 has been in ever since the 2009 bottom, one can see it has been moving within its boundaries very nicely. HOWEVER, as of January 2018, we broke through the resistance and 2) ALMOST even touched the LONG LONG term (yellow) resistance line that traces back to 1982 . Needless to say that such a resistance is HUGE and not sustainable to break for even a short term. We didn’t reach it though – but it was close. We ALSO went out of the white trend channel since 2009, which is also not very sustainable. 3) The reaching of this high was corrected rapidly and you can see the Fibonacci levels (drawn +- on the 2017 starting point) to which it retraced quite precisely. The very logic conclusion of purely this picture is that price HAS to stay within this white trend channel - unless a very short term temporary upward break-out, or a mid-term downward correction: We are therefore talking limited upward potential, and a lot of downward potential . Looking at the white support, we see that 2300-2400ish is within a quite plausible first correction range. That would signify a healthy correction in a still upward trend channel. In a more extreme scenario, you can see that the yellow support line is also exactly where the 2009 crash hit its bottom . For today’s chart, that would result in a downward potential up to $1000ish more or less (a bit more). I also highlighted the fibonacci retracement levels taking into account the 2009 market bottom. This gives us a bit more insight into the downward targets in case of a correction: $2398 (78,6%); $2029 (61,8%); $1770 (50%); $1510 (38,2%) and $1190 (23,6%). 4) Looking at stochastics, we see the monthly still in an upward trend, but that will inevitably make a death cross. 5) Moreover, RSI is heavily overbought at 87-ish. 6) We ALSO see a spinning top candle in the Heikin Ashi chart, which is a typical trend reversal indicator. Conclusion: I don’t think we are there yet in terms of a big market crash - momentum is still intact - but it seems we are reaching a – technical at least – market top with maybe 10% left and much more risk than reward… Now, there will need to be some fundamental market catalysts to trigger any correction(s), but as the title says… this is just a word of warning, and we should never forget to have a look at the charts. Feel free to comment / contradict / etc. - the better we are prepared together against any type of market movement, the better ;-) And just as a closing remark - have a look at the daily where we just made a golden cross and have already gained a large part back from that recent "semi-flash" correction moment where the S&P dipped 7%!
SP:SPX
by A_Cryptastic_Mind
5
Possible X3 for XRP - RIPPLE (+200% potential)The chart says it all and is quite comparable to my previous posts on Cardano and ICX (and XVG for that matter). See what happened with XVG here: We have a strong support line and we seem to be heading into a nice triangle break-out. This would likely push us through to 105181 sat. That’s only the first level. The other fibonacci’s highlight the next levels for profit taking —> 129074 sat —> 148386 sat —> 167697 sat —> 195191 sat —> 230213 sat If we look at the MACD we see the golden cross followed by upward momentum. We are just getting started. Note that the “SMI” almost shows overboughtness, which could result in some red candles before the move up. But overall it looks like we’re good to go. This is just my personal view, scenario is in favour of the bulls for now. DYOR :) ICX: Cardano:
Long
by A_Cryptastic_Mind
ONT – Bullish pennants all over the place – Pending break-outOntology has been really going for it, jumping from one bullish pennant to the next one. Today we are experiencing pennant number 4, accompanied by a golden cross in the MACD (A) and upward momentum in the RSI (B), so this one is likely to precede a strong next bull run. Talking targets, the previous 61,8% Fibonacci level is first up at 6650 sat. After that, I believe we can hit 8141 sat. That’s a nice gain. I’m long in this one for the longer term, but if you just want to make a nice trade, this is definitely a good opportunity. There is also a nice divergence showing that there is indeed further accumulation, a good example showing this is this author's (@mertmaximilian) post: E.g. cumulative volume index divergence on the daily: This one speaks for itself. Good luck. PS: merely my opinion, DYOR PS2: always happy when you give a thumbs up :)
Long
by A_Cryptastic_Mind
3
A Crucial point for GOLD (XAU), Will we break 5year resistance?Gold is bouncing around near an in the meantime historic resistance level (highlighted as the 61,8% Fibonacci retracement level in yellow). If we look back at the second half of 2013 (see below), we see how it tries to break through but lacks the required juice to go for the 50% level. Somewhere beginning 2014, we see a second failed attempt. The yellow-ish circles show a couple of more tests of this resistance level, making it a hard and resistant brick that by now will need a strong karate-kick in order for it to get broken. Luckily for gold, the fundamentals of the markets are shifting somewhat, likely in favour of gold. For example, several concerns are being raised on the plausible overheating of the equity markets. I myself have also gotten the creeps of the European leading index (DAX30) chart , as well as when I was looking at the S&P500 chart . Other rationales include the high valuations in terms of P/E etc. In any case, gold has proven itself to be an interesting alternative in times of market turmoil, so fundamentally, we might have some positives going for gold. DAX 30 Graph (EU leading index) - See how we are trading close to long term trend channel top, and (see post itself) have a double top, a head & shoulder figure, etc.) S&P500 Graph - similar points as with the DAX30 graph: Zooming out on the chart and looking at the weekly going back almost 15 years, we can see a clear white support line at the bottom, and another white support line that actually got broken previously. We are now trading under that level and trying to get back above. As you can see, that big white channel resistance line is close to making a cross with the yellow 61,8% Fibonacci resistance. Moreover, we have an ascending triangle formation in the shorter term, highlighted by the two ticker light blue lines . Therefore, we are at a rather historic moment where gold has the potential to break through , which would likely lift it up to the next target at $1489 (a 10-11ish % increase compared to current levels). After which it would be able to propel higher. The opposite scenario is that once again, gold fails to break through the heavy resistance, likely causing it t o bounce back to the 0.25 Fibonacci speed resistance line (the smaller whitish diagonal line). Indicators seem to be in favour of positive momentum (MACD and RSI): Finally, you can also let yourself be guided by the Fibonacci speed resistance line, these are quite good to work with in parallel with the horizontals, to get an idea of resistance and support areas, see the highlights in yellow: Conclusion: - Equity markets are showing signs of overheating, which would be quite logical after such a long bull market. My previous posts on the DAX30 &the S&P500 provide more background for those interested. - Gold is again testing the 2013 resistance horizontal (coinciding with the 61,8% Fibonacci level). This time MIGHT be different, but remember that there are at least 2 scenario's (up or out). - RSI and MACD show positive momentum. - We have an ascending triangle formation. - Several positive signals for a potential small bull run for gold, which would give an initial return of +-10% versus current levels if the first Fibo target (50% would be hit).
FX:XAUUSD
by A_Cryptastic_Mind
The TRUE buy & sell moments for Vechain, continued: BUY!Introduction: I already discussed Vechain Thor’s price movements at length in the previous articles: - The TRUE buy & sell moments for Vechain (+ the next BUY moment!) , and in its sequel: - The TRUE buy & sell moments for Vechain (+ the next BUY moment! Ctn’d) Here is a very quick recap: In 1 (see MACD Region of the graph), we had a bullish triangle break-out accompanied by a golden cross in the MACD and a similar bull cross in the Stochastic Momentum Index ("SMI"). Other interesting indicators providing more convincing of a pending bull break-out at that time were the Chande Momentum Oscillator, and the Relative Strength Index. All that made the number 1 bull break-out on December 13th: Weeks later, +- on the 24th of January, we saw the opposite: a trend reversal preceded by a Heikin Ashi doji, and accompanied by a death cross in the MACD in 2, and negative sentiment in the "SMI". Consequently, this moment can be highlighted as the bear break-out (number 2). I then warned for the buy the rumour sell the news phenomenon, an event that subsequently took place on the rebranding day of VEN to VET, on the 26th of February – in 3. I highlighted the divergence between price and Chande Momentum Oscillator somewhat later, which preceded a bullish triangle break-out, although short-lived, in 4. I also called that moment to be the next big BUY moment, but I was a little bit too early with my prediction. The MACD was indeed headed for a bullish cross, but due to the negative market sentiment first had to take one more leg down (albeit relatively limited). Conclusion - TODAY: However, if we look at 6 today, we see that we have practically everything that makes for a good recipe for bull-cake. --> We have the MACD finally inclining upward with blue above red and just after a bull cross. --> We have positive sentiment in the Stochastic Momentum Index, --> we have a break-out of the negative trend channel that has been holding VEN hostage ever since the Bear break-out on January 24th. --> And we seem to have a decent support at the 61,8% Fibonacci retracement level. Currently we are flirting with the first 23,6% target level (see 7) after which we could head further towards 8. --> Even if we bought in 4, we had ourselves a nice upward move where we could've taken profits, or we could've stayed in our position in the assumption we already had the big buy moment, which would mean a temporary & small loss position, that has already turned positive in the meanwhile! So, hereby I would like to correct the “True Buy moments” for Vechain a little, by moving that moment from 4 to 6 (first of April), which is just before the triangle and negative trend channel break-out, and which has all the required indicators going for it. Move the TRUE buy moment from 4 to 6: Vechain, the floor is yours.
VLong
by A_Cryptastic_Mind
1
XVG on a rampage - where are the stop losses?Verge has been on a rampage the last couple of days, exploding in price with strong momentum. The strongest catalyst being the knowledge of a pending announcement of a very big partnership (announcement planned for April 17th). It is supposed to be an exclusive partnership with a lot of impact. Hence, we have ourselves an anticipatory price movement. First of all, prepare yourself for the typical buy the rumour, sell the news phenomenon. Make sure you have your stop losses set. The 17th of April might be a logic timing for the handle to start forming. We are currently closing in on the 38,2% retracement level (low to high) or 61,8% if we look at the high to low Fibonacci retracement lines. You can see these levels acting as resistance for the moment. Can we still break through those? I think that is still quite plausible, but the 17th of April will be an exciting day and you'll better put some stop losses during the waves up (put them close to the Fibonaccis.) So for some logical, for some less experienced maybe not, but do put those stop losses or at least be aware. The other two fun learnings are how this price movement might be mirrored soon by ICX and Cardano. ICX will be announcing i) an Initial Coin Offering platform & ii) IISS launch (by April 30th), so this graph might be moving like Verge's but with a two weeks delay? "ICX to follow Verge's (XVG) momentum? (500% + potential)" Similarly, Cardano has some announcements coming up by end of April, beginning of May: i) launch testnet; ii) roadmap update. "Cardano to follow suit on the Verge (XVG) breakout? - 500% + potential" Conclusion: XVG momentum is still positive (see upward MACD, no sign yet of any cross), price seems to continue going. We have a by the rumour sell the news event the 17th of April coming closer - this might trigger a profit-taking sell-of. So stop losses should be made accordingly. Moreover, ICX and Cardano seem to be moving with approximately two weeks in delay in terms of graph movement. Seems like something at least interesting enough to have a look at, don't you think?
by A_Cryptastic_Mind