AmazinRaisin

AmazinRaisin

A falling wedge is forming and I think its going to reverse somewhere near the last bottom to form a double bottom. Shorts and Longs for BTC are not close at all in contracts. There are way more longs than shorts currently. You can see that shorts are showing bullish divergence on the RSI. Indicating there will be a long squeeze likely coming soon. This...

AmazinRaisin Updated 

The S&P 500 is in a relief rally and you can see it's forming a rising wedge. I did an FIB retracement on it which shows it just tapped the .5 FIB today, but I think it should go up a bit higher. Now that it's bearish the RSI shouldn't get above 60. Also, the RSI is forming a rising wedge that looks like its going to drop right around 60. On the previous drop It...

AmazinRaisin Updated 

The S&P bounced off the weekly 200 SMA which should give momentum for a short term uptrend. The weekly RSI is so washed out as well. It looks like it is on wave 4 of the A wave right now. Placing a FIB retracement on the swing high and low shows very high resistance on the .5 FIB which is 2643. I think that's the highest probability of where to sell and place...

AmazinRaisin Updated 

I've been trying to put an elliot count on this correction, and I think I might have figured it out. I did a count on XEM earlier today which it feels like its on the same course as BTC. However, I think XEM will be more profitable than BTC in this upcoming run. You can see my thoughts on XEM on my previous post. Anyways, I think BTC is completing the 2nd wave of...

AmazinRaisin Updated 

A rising wedge has formed on ADA. It could go a little bit higher but the RSI is showing a bearish divergence. If ADA keeps rising it shouldn't go higher than the 200 SMA which is in confluence with the top of the cloud. Measuring out the wedge, it looks to likely fall around 970 to 1000 area. This is where the bottom of the cloud is and the .618 FIB. Also, the 50...

AmazinRaisin

I think Netflix is in the 4th wave of wave A currently. There still should be a rally higher before ultimately failing. I think $154 to $167 will be a good area to buy at. This is where the 200 SMA is and the .618 FIB is. The RSI is in a falling wedge which should eventually break up. That's when you should ride the B wave up and sell around $300. Then there...

AmazinRaisin Updated 

Xem has been in consolidation for a bit now and has been forming a falling wedge. It's resting on cloud support and the .5 FIB. The rsi is in a falling wedge which should break up and the macd histogram is turning positive. On the 4 hour chart there's both bullish divergence on the rsi and macd. I'm trying to put an Elliot count on it and this is what I got...

AmazinRaisin

This is just one possibility I was thinking about could happen. BTC can form a descending triangle which would break down on denial of the ETF at the end of February. Measuring out the descending triangle that would bring the price down to about the $1800 to $1900 range. Furthermore, I think being in this triangle could give BTC weekly bullish divergence on the...

AmazinRaisin Updated 

The bears that called for $3000 are now calling for $1000 or even $800. Is i possible yes. Is it probable? I think probably not. I have been trying to find clues on where a likely bottom could be. Still I see a big confluence zone around $3000. The weekly 200 SMA and the Monthly 50 SMA shown below on this chart are around $3000. The previous bear market had only...

AmazinRaisin

There is a big bear flag forming and it should be breaking down soon. On the flag there is a clear rising wedge that is nearly complete. The RSI has indicated a 2 year monthly bearish divergence. Which has proved strong and should continue downward. Finding a bottom on the dollar we need to find zones of confluence. The FIB retrace of the first 5 waves up of the...

AmazinRaisin

The first clue of the bear market I showed in my September chart about the Bearish divergence on the RSI. It looks like its following through with that warning. Now the question is how far will it drop and for how long. This bull run was the longest bull run ever which makes me nervous on how long this bear market will last. The last 2 lasted 823 days with a 50%...

AmazinRaisin

As much as I'd like to see BTC keep going up, BTC is hitting a zone of resistance at the $3600 mark. BTC has stalled out at the ichimoku cloud along with the 50 Simple moving average. It broke out of the falling wedge like I said it would because of the daily RSI bullish divergence. However there needs to be a little cool off period before the next run up. The 4...

AmazinRaisin

XEM has been doing fairly decent compared to BTC in the past month, but it looks like XEM is in due need to cool off. Its hitting a confluence zone of where its touching the 200 day Simple moving average and the top of the ichimoku cloud. Also, there looks to be a rising wedge. The RSI is showing bearish divergence. This means when the price is rising but the RSI...

AmazinRaisin

A rising wedge is forming on shorts along with bearish divergence on the daily RSI. It's also near ATH prices and stalls out around 40k. Due to this there could be a short squeeze to push the price of BTC up further.

AmazinRaisin Updated 

The 1st buy zone where there likely will be a probable bounce is where there are 3 supports coming into play. The 1st support is the June 2017 3k top and Sept 2017 dip test of support. The 2nd support is the 200 weekly simple moving average. The final and most interesting support is the algorithm bots that sold at 17k have buys around $3360. Also, the Weekly rsi...

AmazinRaisin

NXT has very strong fundamentals and reached an ath of over $2. Fundamentally, it has cheap and instant transfers. It's currently at about 6 cents now on very strong support. Clearly looks to me that its in accumulation mode. NXT is a must hold in the midterm and should see a strong pump eventually. Buy in accumulation area

AmazinRaisin Updated 

Keep an eye on NXT. I think it might be close to getting in on a long. There has been signs of bullish divergence on both the RSI and MACD. However, NXT is still below the ichimoku cloud. My plan is to wait until NXT pushes through the cloud to buy some. Also, you could wait for the NXT pull back to test the cloud as support and buy there as well. Whenever alt...

AmazinRaisin

Storm has been in a correction after the 5th wave completed. Mapping out a support area to ladder buy at should be 123 to 120 which is the .618 to .65 level. There's a falling wedge and decrease in volume which also implies a reversal is due. The RSI is on bullish support of around 40. On the 4 hour there are signs of bullish divergence on the RSI and MACD....