ChristopherAlanNess

ChristopherAlanNess

BTCUSD approaching the D extension finally

ChristopherAlanNess

BTC is looking for more downside. I do not expect the symmetrical triangle to hold and we have broken the up trend line and when we break an inner trend line we always head to the outer trend line. I expect $5000 is in the cards. Once $7000 breaks then $6500 is opened up and then panic sell to the $5000 region.

ChristopherAlanNess

A possible bull move is unfolding. A close above this neckline breaking and it might be the small move we need to close above 8400 ending at around $8600. This would mean we have started the move to $10,000 and then $12000. A close watch on this for sure

ChristopherAlanNess

Inverse head and shoulders forming on the daily time frame. If BTCC stabillzes or rises from here we will see ZRX breakout of this pattern.

ChristopherAlanNess

Ven is setting up nicely as well. We have established a nice up trend line now that price is respecting and bouncing off of. We do have a new up AB fib sequence and we came down to the .786. We have broken the down trendline as well. Once could enter here and look to set stop around that $3.00 area of the last low. One could wait for the EMA crossover though as an...

ChristopherAlanNess

Golem is setting up beautifully for its next run. This one has been outperforming the rest of the market fast just like EOS and ZRX. I am big on Golem from a fundamental aspect and I like this thing to make another run of a mini wave 5 setup back to $1.00. Again all dependent on Bitcoin not falling from here.

ChristopherAlanNess

XRPUSD is very simple to me. We have broken the trend line on daily and as long as BTC holds XRP will too. If that low holds then we have started the beginnings of wave 3. This 5 wave completion should complete around the $1.50/1.60 area in the shorter term. Once we break above the 200 EMA. It should take off.

ChristopherAlanNess

Lisk finally looking to form a possible head and shoulders pattern with the start of a new 5 wave mini set as well looking for this to break to the upside towards the $12 handle at least.

ChristopherAlanNess

Here is a more up to date view on ZRXUSD. As we can see BTC has risen in the last 24 hours and if we can break $8000 and get a daily close above $8400 then I will have a bullish bias on BTCUSD. However until BTC can break above that I am still bearish on BTCUSD overall. This is the plan if BTC can break out above bullish. We have possibly started a new mini 5 wave...

ChristopherAlanNess

ADA looking for its extension around the .2450 area on the 4 hour

ChristopherAlanNess

BTC is coming to end of the long term symmetrical triangle and will see decision time. I expect to see selling pressure around the $8000 mark as that is where volume indications will come in. I expect to see $6500 then $5000 still. However my thesis will change from bearish to bullish on a confirmed daily closure above $8400.

ChristopherAlanNess

EOS has completed a corrective ABC wave and has hit the d extension of the down major ABC sequence. We now have an up trendline intact as well helping price movement. We get the EMA's to curl up under price and give a boost we can see EOS get ready to make another move up.

ChristopherAlanNess

We are still looking for the D Extension from the top at beginning of year to fulfill down to the .42 cent target. We however need to watch the reaction at the up trend line for a bounce. If the D extension is hit it will be an unbelievable opportunity to go long.

ChristopherAlanNess

ZRX is currently in wave 4 of 5 wave movement however with BTC looking very weak and my bias of BTC down to $5200/$5000 are I can see more downside in the cards for ZRX as well. I can see us go down to the .618 where the 200 day EMA coincides with the new up trendline as well. This should provide a great support area and confluence area to take us the next leg...

ChristopherAlanNess

As long as BTC is above the up trendline and $7800 holds we should be putting in the c retracement before going to our d extension. However I am not really bullish until we get back to that $9500 handle. We are kind of in no mans land currently.