BitcoinAddict77

BitcoinAddict77

At some point we are going to have a correction of the current impulsive rise. I think the Segwit lock in event might be a good time for a reversal. It's not clear how much we will correct of course, but we have a previous resistance now turned support at $2880. The timing is the tricky part and it could take a very short time or it could stretch over days. Good...

BitcoinAddict77

There is downward channel and we are either going to continue a little bit more inside of it or we are going to break up. There are still 2 more days of "normal" trading before all hell breaks lose :-) Keep vigilant and do not take unnecessary risks.

BitcoinAddict77 Updated 

There is a good chance that we have established a short term bottom in the low 2400s and will test the broken support at 2600-2620. If we go above that level we will see 2800 again.

BitcoinAddict77 Updated 

We now have a small MACD and RSI negative divergences. I have indicated the target area I am expecting after the trend lines are broken.

BitcoinAddict77

I am expecting even more volatility than the current slump until the first or second week of August.

BitcoinAddict77 Updated 

This is a more long term chart (weekly). As it's hard to predict when the ALTs craze will stop. The initial correction might stop at the trend line. Even longer term than this I see ETH correcting to 0.03-0.05

BitcoinAddict77 Updated 

Just some random thoughts on BTC daily chart

BitcoinAddict77

Continuation pattern is forming on 1H chart. A break of the triangle should take us to around $2760-$2780 area in a day or two. Good luck and always use stop orders. In this case I will put a stop at $2520.

BitcoinAddict77

Entry at 2530 Stop loss 2350 Target 3400 BTC is turning around on daily chart and breaking the downtrend line. We still need a confirmation from MACD crossing, but I have entered a trade at 2530.

BitcoinAddict77

This is what I see currently. It's possible that BTC breaks out of the channel and go up, but for that we need some clarity on what is happing with the current scalability issue.

BitcoinAddict77 Updated 

Target area for the correction on the daily chart is indicated with the light green rectangle. Good Luck!

BitcoinAddict77

A channel has formed on the 1H chart. If we break the top line we should resume the uptrend. Until then we are in a correction.

BitcoinAddict77

This correction most likely will follow a 3 wave pattern as most corrections. We are currently in wave 2 recovery. Next leg should take us to $1900-$2000 areaa.

BitcoinAddict77

Here is a possible way of how BTC fork drama can play out.

BitcoinAddict77

I see a few possibilities with ETH over the next few days annotated with the 4 arrows.

BitcoinAddict77

There hasn't been a correction really on DASH yet. Very frustrating for shorts I am sure. I think it is coming soon and it will cut DASH value by 40%. Not exactly following the line of my arrow, but something in that effect. Good luck and hope you get out or catch a ride down.

BitcoinAddict77

A lot of opportunity to make some money for experienced traders on ETH right now. I have tinted the areas I am shorting and the covering buying for a long scalp. Good luck!

BitcoinAddict77

Dash should correct to 0.044 - 0.050 area as we have some nice negative divergences that developed.