A_Cryptastic_Mind

A_Cryptastic_Mind Updated 

In my previous post , I highlighted the strong support line for Vechain in the VENETH graph: That support is still intact and we are still trading quite close to it. For those who wish to open a longer term position in "VEN", this is likely a decent entry point, especially given the fundamentals going for it (do visit my website for a fundamental take),...

A_Cryptastic_Mind Updated 

Let’s keep this one very simple will we. We are all wondering where Bitcoin will be going and we are getting mixed signals from our friend for the time being. I just wanted to lay out the playing zone a little and highlight some details to pay attention to. If we look on the daily here, the MACD couldn’t be more bullish, just making a golden cross ,...

A_Cryptastic_Mind Updated 

Applying Elliot Wave Theory ( "EWT" to the Ripple (XRP) graph clearly shows us that we are currently forming the C-correction leg, after which a new upward impulse wave should be very likely to start . --> We clearly see the movement of the five subwaves in the upward impulse wave, followed by the ABC correction, as prescribed by Elliot Wave Theory. -->...

A_Cryptastic_Mind Updated 

In this pre-bed time post I have tried to keep it simple: --> The MACD is showing a bullish reversal is pending, looks like it’s going to a strong golden cross. --> The CCI shows “oversold-ness” and is edging upward --> The graph itself shows that the Fibonacci 61,8 is already a strong support, together with the underlying trendline . Price has been bouncing...

A_Cryptastic_Mind Updated 

The NEO graph shows us a clear rising wedge, which is a typical bearish (reversal) pattern. We can also see that it has fallen back from a recent high to retest the trend channel's support line. In combination with a very bearish (daily) MACD (just see the highlighted death cross that just took place a couple of days before and that directly shifted the price...

A_Cryptastic_Mind Updated 

Michael Kors (KORS) has had an impressive 6 months skyrocketing up in its price from just over $30 to $65+ now . That's (almost) more than a 100% increase in six months (depending on your entry price). Stating it as an annualised return is stupid but it's fun to just say that that would mean just under or over 200%. In any case, the run up has been great. But...

A_Cryptastic_Mind Updated 

1. First of all, you can see that I drew what are called " Fibonnacci Speed Resistance lines ". Speed lines are a combination of trend line and percentage retracement analysis . Speed resistance lines not only help to measure trend corrections (percentage retracement) but also measure the speed of a trend. --> Speed Resistance Fan lines can also be viewed as...

A_Cryptastic_Mind Updated 

Time to go back to the basics and apply the KISS principle. Bitcoin is having great adventures again, but what can we expect going forward - just a quick 5 - hopefully educational - cents to complement other authors' analysis. Here above a relatively basic chart on the daily tells us a couple of things: --> The MACD is nearing quite the bullish cross . Every...

A_Cryptastic_Mind Updated 

Just to give you a framework in which you can further analyse ZRX price movements . I drew the Fibonnacci retracements, and illustratively, you can see that I highlight both a high and low testing in the same candle stick. Moreover, the Pitchfork analysis gives you additional support and resistance level between which the price is moving. Just before posting...

A_Cryptastic_Mind Updated 

Solarcoin is nearing short term buying range and has several positive signals going for it: --> Touches lower trend line support --> Currently on 50% Fibonnacci support --> Did a "low test" (see red candle stick downwards with the "thinner" part very long and touching the 61,8% level) --> Bounced back from 50% Fib. & from the orange trend support line -->...

A_Cryptastic_Mind Updated 

In my previous analyses on XLM I called the first bottom reversal which provided us a quick 50% profit . After that I believed the price would retrace back lower (see previous posts, links are below) . The market turmoil today is pulling almost all cryptos lower, XLM is no exception. However, up front, we could already predict where this correction would take...

A_Cryptastic_Mind Updated 

What’s this? —> “Pitchfork” analysis of the playing field for Bitcoin’s next price levels + explanation of historic movements based on that same fork. We can see that the pitchfork can provide us a bunch of information on the pricing evolution, resistance & support levels and so on. Top that off with a nice Fibonnacci retracement scheme and we can start...

A_Cryptastic_Mind Updated 

In one of my previous articles I called the bottom for XLM and highlighted that the first reversal upward move would occur - subsequently we saw a 50% move upward (so I hoped you followed my lead! :-) ), which then consolidated a bit and decreased somewhat in price. As one can see from the graph, the extent of this drop could be reasonably predicted up front, by...

A_Cryptastic_Mind Updated 

Combined Pitchfork - Fibonnacci retracement analysis clearly showing us how VEN-pricing moves, e.g. how it reached quite the high in the last week and how it bounced back to specific resistance and support levels as laid out graphically. I highlighted some interesting stuff in the graph, and yes it looks a little bit like a colour book ;-) BUT: it can tell us a...

A_Cryptastic_Mind Updated 

XVG is about to break a triangle pattern on the upper end, which is bullish ( note that you have to pay some attention with these types of triangles , follow up the price to confirm the trade). - MACD (bullish cross) and CCI agree - We can clearly see the same pattern repeating in the chart, providing us at least a short term opportunity - Note that the Bollinger...

A_Cryptastic_Mind Updated 

In my previous post, I illustrated a possible trade, which initially started off very bullish, yet turned out to be bearish. A triangle with everything going for it could still go both ways: break out through its resistance, or fall through its support. The second scenario happened; as soon as it broke support, we knew the trade wasn't worth continuing. I'm...

A_Cryptastic_Mind Updated 

This idea zooms in on how AAPL is trading sideways and how you can still benefit from it. One can make 5% per trade if only going long (one can also go short of course). Three legs up equals 3 x 5% or 15% easy money. A straightforward way is to look at the CCI (Commodity Channel Index) in combination with the MACD. Important is to have a close look to the...

A_Cryptastic_Mind Updated 

Exciting times: - XLM has created a relatively strong horizontal support (green horizontal line), so downward movement should be limited - XLM is about to break through the triangle, which would immediately push it upward - Also note below: the MACD is about to form a golden cross just below zero (red & blue lines crossing) - RSI is somewhat more in the "oversold"...