FloppinFish

FloppinFish

It's been a while since I've done a TA. Since the beginning of this year, I've been keeping an eye on BTC. The past couple of months on it's downtrend, I've been trying to dive back. So here's my amateur thought: BTC is going back to the upper trend line to test it's resistance. With time, I think it'll test 11200 USD one again before dropping back down. Let's...

FloppinFish

My knowledge is fairly basic when it comes to the TA tools - but I sure know how to connect the dots and extend lines. I don't understand how or why certain tools and techniques works, but they just do. Look at these trend lines that act as support. ONT can complete a Wave B in it's correctional wave or call it good and begin Wave 2 upwards! If it breaks this...

FloppinFish

ADA has been sleeping for a fair while. No hype, just a solid team and possibly a solid coin should the project have success. Now that it's dropped into Binance, a sleeping monster is about to awake. I believe that Wave 1 is complete and the correction wave is at least halfway through, if not finished. If the correction ABC wave is complete, then we have...

FloppinFish Updated 

....and then an imploding boom. We haven't reached the bottom yet! Currently we're working on the beginning of Wave C of an ABC correctional wave. Target botto is 8102 - 8251USD. Edit to add: It doesn't have to complete it's correction down. I believe there is a strong volume profile at this level. Whether or not sellers have weak or strong hands is yet to be...

FloppinFish Updated 

Completed a tiny cute cup and a perfect little handle. Short term target: @ 262800SATS

FloppinFish

Missed last year's crypto run? Let's hop back in now. BTC has officially broke out of it's symmetrical triangle pattern. Where does it go from here? No one knows, but I'm willing to bet it'll come back to retest it's support level @ 8398USD Some time within the next week. We're out of the woods, but are we really really reaalllllly out of the woods yet?!?!

FloppinFish Updated 

Is it done with it's downtrend? Is it messing with the alts? For sure it has completed correctional Wave C. Now, the question is: Is this the beginning of an uptrend? Or will we bounce around and get squeezed around the bottom (6500-7000USD). Keep a watch through the weekend and if it breaks 9000 USD, we have a legit breakout!

FloppinFish Updated 

NCASH is one of the new kinds on the crypto block. Already with a few stores testing this in India (or so they say), NCASH is making a name for itself. Let's see if they live up to the hype and begin some real implementation. So far, it's bounced nicely in 5 waves between a symmetrical triangle. I highly doubt the breakout will turn downwards, but then again,...

FloppinFish

No ICO, not too much marketing and hype, but the hype is behind the scenes. Could this just the first wave of something bigger?!?! I originally placed the Fibonacci on the first wave that popped and ONT traced all the wave up and hit my target of 69500SATS. But now that it it seems to be correcting itself (with a double top), I'm second guessing myself as I...

FloppinFish

I figured ONTBTC was exhausted after that last run. Boy, was I wrong. After reaching it's ATH, ONT is back at it attempting to break out yet again. I believe it's just the B wave of an ABC correction. Only Time will tell. TA is not a chart of certainty. Applying Andrew's Pitchfork here should help guide the price action up and watch for a downtrend. Happy trading!

FloppinFish

It's been since the start of the new year, I know that. But after many moons (not the crypto kind) the moment is finally here. Cardano has nicely broke out of the downward Andrews Pitchfork and now moving sideways at about 2240 SATS. I would accumulate between this parallel movement with a tight stop-loss. Cross your fingers and toes, and pray it stays flat if not up.

FloppinFish

What a sweet run ONT had. There was also plenty of opportunity for more profits after it hit it's ATH. Look like a 5 wave impulse wave down has completed for Wave A of the ABC correction. Over the next few days, ONT should unveil wave B & C with support around 44500 SATS.

FloppinFish

Really, do a TA on this and no on can predict where the top is. All I know that it has to come crashing down some time soon. So set the stop-losses!

FloppinFish

Still within the symmetrical triangle, BTC is living precariously on the edge. If it breaks through the support line, prepare for 6K. There's nothing much you can do or predict. It's a waiting game from here.

FloppinFish

For now, we're testing the forest and checking out if we're truly out of the woods yet. This should be the last wave up, prior to coming back down. I've placed the 5-wave up to a target of 8600USD. Once it comes back down it should complete the symmetrical triangle. Then we should have the true break out we've been waiting for!

FloppinFish

The beauty of this chart is almost to perfection. For BTC to maintain it's symmetrical triangle and complete it's ABC correction wave, it must bounce up to begin wave D. If not and we break support, look for 6000USD and maybe even 4800 USD in the mid-run. Let's see where price action takes us to this evening.

FloppinFish Updated 

There needs to be confirmation, but I believe and am hoping for an inverted H and S formation within the descending wedge. If not, it's just gonna fall further and that's not fun to believe in. If it truly is a heads and shoulder pattern and price pierces through the neckline, I expect a breakout to 3200 SATS. This would also test a resistance. Let's revisit this...

FloppinFish

If you're not down for the swing trades, build your fiats for some entry points around the end of summer. And I promise this is the last BTC conspiracy theory I have. It just makes a lot more sense when looking at the bigger picture. It's important to pull back and see the chart from way back. Here is a chart beginning in Fall 2016. This truly is a beautiful...