DrJLT

DrJLT Updated 

I have shared recently my views on BTC & ETH (see below). Let's now examine the ETHBTC pair: It appears that we're at a resistance at the moment (one that started at the top from Jan 2018). With weak RSI, the chances that ETHBTC breaks this resistance is not extremely high. If this resistance is broken, there's another resistance from the top of Wave 1 from early...

DrJLT Updated 

As highlighted in the chart, a pullback in the short term (to retest the support) appears likely. This is in line with my observations in the last few days: On the other hand, we can see that an inevitable golden cross is coming. This means the pullback is not going to be strong --- which is the bullish case. The bearish case would be if the pullback is...

DrJLT

It seems that similarities between now and the 1980s are becoming real: Right now the MAs and RSI are comparable to 1986. Immediately, it appears that a bump to $1370 is possible. However, in the coming decade, it remains uncertain whether the $1900 high can be reached again without a historic event such as large-scale quantitative easing. Whatever happens, US...

DrJLT

On technical grounds, USOIL has seen yet another V-bottom (the last time being early 2016). If oil price were market-driven, a pull back is very likely to just under $60. A golden cross around that price will take place before the summer, and 2016-2017 will recur. However, each time oil prices crashed and bounced due to actions taken by OPEC, and Saudi Arabia in...

DrJLT

Slight bearish divergence, particularly when volume is accounted for. As I mentioned in BTC and ETH threads, I think that while the bottom is in bull cycle is not here yet. More specifically, EOSUSD is in a resistance zone. While golden cross has been observed, it's unlikely to give further boost in price without a pullback to retest critical support. The two...

DrJLT

ETH appears to be at a resistance zone, with low volumes, and high RSI. A retest at least to the $142 support is likely. A golden cross is coming ahead soon. This could also give traders confidence and avoid a deeper retracement. Overall, I think the ascending triangle is valid and an upward breakout is possible. However, as we have all seen in the last cycle,...

DrJLT

Some altcoins regained grounds this week more than Bitcoin. Personally, I see this as "recovery" from an extremely oversold condition more than "bull run". The volume is rather low. I would say that Bitcoin will be the one leading at least the first stage of the bullish cycle, and I don't think it has begun just yet. Retesting of some of the previous levels are...

DrJLT

Possible scenario as charted. Been saying 2.5k for almost a year, and my view hasn't changed.

DrJLT

I have previously thought the it is possible for Bitcoin to be zoning between $2.5k and $4.2k (see post referenced). I don't think price movements since then provides sufficient reason to believe otherwise. Nevertheless, new information points to two potential directions in the short-term. In Scenario 1, the price movement since mid-Dec 2018 is forming a ...

DrJLT

Interesting to keep an eye on this. As charted

DrJLT Updated 

The prospect of a rounding bottom was invalidated a few weeks ago. This week, we've witnessed a small recovery rally. Nevertheless, the time lapsed since bitcoin broke under 4k has been too short for adequate accumulation. While 2.5-3.5k could be considered the accumulation zone, it's very likely for us to revisit the lows in the coming weeks. A prolonged...

DrJLT Updated 

Unsurprisingly (though disappointingly), we're witnessing a great Black Friday sale for cryptos. The question we should be asking is how low this can go and where it will stop. I personally think $140 can be a support. If broken, $100. Under that we have $50. At the same time, good entry points may be coming soon early next year.

DrJLT

As charted, reversal likely in the next few months Indicators to look for MACD crossing 0 UO new low while price no new low Support of 100W SMA

DrJLT

As charted, one last drop?

DrJLT

ETH has dropped as my last post suggested likely. At first, the drop resembled the worst-case, but ETH soon recovered (as did the market). This leads me to think the second scenario is likely and $144 will be hit. If we look at prior price action, there is really no real support (as in 2017 ETH saw ICO-driven irrational exuberance). As its price drops, people...

DrJLT

As charted the resistance levels and one support. Shooting star pattern likely, and it could be followed by another, weather attempt to break up but will likely fall short of today's high.

DrJLT Updated 

I'm posting a videon on YouTube to explain this in detail. The idea is that we may be seeing a descending triangle & a breakdown. Of course, this last bounce is not guaranteed.

DrJLT Updated 

Not the best time for speculation Could also be double top