Akamer-the-Werewolf

Akamer-the-Werewolf Updated 

Bitcoin has reached the first 3 targets after completing a Bullish Gartley harmonic. The final target is around $42,700. Bitcoin is also forming this Cup and Handle formation. For me, if it plays out it will be more confirmation of the overall bullish trend. I am expecting a retrace back to around $35,500 to form the handle, and will expect a move up after...

Akamer-the-Werewolf Updated 

Dogecoin could be in the process of printing a very large Cup and Handle. If this plays out then the target would be above .10. The harmonic that you can see in my previous posts about Doge would result in a similar outcome. My whiskers are telling me that this coin has some momentum. Are you howling for Doge? Owhooooo!

Akamer-the-Werewolf Updated 

Looking at the 1hr chart it looks like Bitcoin has been rounding up it's pups and is ready to make a break for it. The measured move up would give us a target above the red resistance box. I'll be looking for a back test to flip it to support if we get up above $35,500 again. If we break down then I will be looking at several areas for support, the first...

Akamer-the-Werewolf Updated 

It looks like the harmonic has completed and I have taken a long position. I'm expecting more upside. My first target is C at around $34,800. The 2nd target is A at around $38660. For me, the final target for this harmonic is the 1.618 of the A/D Fib, which is around $42700. Here is a the 1hr chart pulled back a bit so we can see all the targets. On...

Akamer-the-Werewolf Updated 

I've been hiding in the bushes and watching Dogecoin. It could continue to limp along and consolidate, but it may be breaking out and looking for continued upside. I don't think the current momentum will allow a big move to the downside. For me, if we touch the ascending trendline that would be healthy and I would look to bounce up from there. The dashed...

Akamer-the-Werewolf Updated 

This 4hr chart has me howling for the moon for DOGE! It looks like we have broken out after retracing to the .786 Fib. If a rejection happens at or around the .5 Fib I'd look for a solid bounce off the purple rising trendline. If we touch the purple trendline it could send Dogecoin into a parabolic uptrend to test resistance at the previous ATH. Here...

Akamer-the-Werewolf Updated 

For me, this is a critical area for Bitcoin. If we fall below about $32,000, then I would say this is not a Gartley and likely a Crab. That means more downside action, and potentially drastic downside action. I'll be looking for some confirmation either way in the short term. If we pivot then my first target is the C point of the Gartley and my second would be...

Akamer-the-Werewolf Updated 

I'll be watching this harmonic to see how it plays out over the next several days on this 4hr chart. If a Bullish Gartley plays out, then my first target for the D point of the harmonic would be around $32,300 and my second would be around $31,200. My whiskers are telling me that if we break below the .786 Fib of the X to A leg then it could be a Bullish...

Akamer-the-Werewolf Updated 

I couldn't help myself, so I did a little TA on GME. It looks like we could consolidate and attempt to breakout of some sort of structure soon. It looks to be forming a descending triangle, which is typically bearish, but my whiskers are telling me there are too many factors and forces involved here for any amount of certainty. The Fib levels give us an...

Akamer-the-Werewolf Updated 

Looking at the 4hr I am seeing the completion of a bullish cypher pattern. I think that we will move up from here to test resistance towards the top of the falling wedge. I will be looking for a reversal around the .5 to .618 area of the Fib retracement from the C to D leg of the bullish cypher. This would be a good take profit zone if a long was initiated. ...

Akamer-the-Werewolf Updated 

Looking at this 30min chart it looks like we may be rounding out and looking to start testing resistance. Having said that, it seems there are some other possibilities. There is a descending channel that has me thinking bear flag. I also think that the harmonic is still in play. From here, we could go either way, but I am leaning towards the downside, so I'm...

Akamer-the-Werewolf Updated 

I am running for the hills with my tail between my legs! The trend (the blue dotted line) is bearish, with lower highs and lower lows. We are in a falling wedge (the purple trend lines) which will help to move us down as we consolidate more. I'm not sure if these harmonics will play out, but they seem valid to me. I think we are about to see a significant...

Akamer-the-Werewolf Updated 

Taking a close look at these candles on the 4hr it looks like a Bitcoin sandwich! I think this 4hr candle that just started will be interesting. I am thinking we break down and continue the local trend. It's been so BORING lately. Maybe that's about to change. The overall structure on the 4hr is showing me a falling wedge. I think we will find support...

Akamer-the-Werewolf

Looking at the 4hr chart, I think we will move up and find resistance at or inside the red box, potentially all the way up to the top of the bullish pennant. I think this is a good place to ladder into a short position. To me, the consecutive lower highs and lower lows indicate there is some further downside. I think it would be healthy if we fell out of the...

Akamer-the-Werewolf

Owhoooo! What do you think?

Akamer-the-Werewolf

I can see the light...

Akamer-the-Werewolf Updated 

Not yet but my tail is between my legs!

Akamer-the-Werewolf

I am seeing an opportunity for a long with a potential 10% profit. I think we are bouncing off the bottom of the bullish pennant and will move up to test resistance. Since I believe we are in a bullish trend it seems we will move up and maybe...maybe this time we get a break up and out of the bullish pennant. Bitcoin is here to stay. Owhoooo!