HarrisProng

HarrisProng

Bitcoin has suffered quite the badgering this last few months, but it may be nearing a pivitol decision in where its direction should go in regards for the next half of 2018. The obvious answer by a technical analysis standpoint is that there is a bounce incoming, probably to the next resistance level around 7.8k The RSI and Bollinger Band indicate a bounce; as...

HarrisProng

BTC has traded sideways multiple times in the past, as we know this makes for violent breakouts towards the up or down side. The bollinger bands charted are constricting, suggesting potential volatility in the near future. The Triangle does include 3 higher lows , however since we are in a bear market it is safe to assume the breakout will be downwards. The RSI...

HarrisProng

BTC will fail to bounce off of the 6k support, its would be far too predictable of a move. It will dabble in the 5.8k range, may have a slight bounce to 6.3k, and back to to low 5k. There may not be a quick capitulation V-bottom reversal but rather an unexpected pump.

HarrisProng

We will be seeing some new relative lows, probably below 6K, this may send retail investors into a state of panic, many people will open up shorts. When this happens whales will seize the opportunity and pump the market. The bounce may very well be a dead cat and not exactly an initiation of the next bull market. Alts may break support and fall lower , offering...

HarrisProng

cup and handle on the daily time frame, paired with 3 higher lows leads me to believe there is an uptrend with Digibyte that will push it to test its resistance levels. Profit taking may occur. This more than likely wont be a massive pump but a slow grind upwards.

HarrisProng

Textbook Inverse butterfly signal indicating a reversal of the downward trend. Tron has had a bit of a pullback, but this serves as an opportunity for institutional investors to accumulate before the pump. I expect some sort of a testing of the resistance levels exampled in the chart, approximately within the next 2 weeks or so.

HarrisProng

Descending Triangle matched with 7k support line have us approaching a fundamental breakout, most likely downwards. Bitcoin will continue to trade withing the descending channel until then.

HarrisProng

Neo is approaching a pivitol point where it will decide a breakout in either direction. If bitcoin continues to fall, Neo will plummet into the low $25-$30 range. This is assuming there is no bullish news published to pump the price within the next month.

HarrisProng

Good news coming in for tron, should expect some pump action. There will be profit taking, and therefore a slight retrace, but this will be healthy longterm for TRX. Overall, the chart indicates a classic cup-and-handle formation. These formations are usually indicative of a general uptrend incoming. It may try to test resistance levels, but in a bear market , I...

HarrisProng

Ethereum is stuck within a channel that it simply wont be able to break. I don't believe it will be seeing the 300s soon, however when its prices capitulates down to the mid to low 400s, that may be a great entry point for a swing trade. It may also want to follow the waves I charted and go sideways for sometime. Looking at the Head and shoulders reversal, we...

HarrisProng

resistance is too strong, not enough volume. Market sentiment declining. Retail investors lose trust, looking to get in low. Market will eventually breakout from a V bottom reversal like what we saw at 6.3k a little bit ago. There may be a few bounces along the way but DO NOT be tricked, 5.5k is just beyond the horizons. Alts still need to bleed before another...

HarrisProng

Classing downward channel and descending triangle have us at our ropes. I believe Bitcoin will continue to drop until 6.5-6.8k, where we will trade sideways until a breakout around June 20th. We may also capitulate to 4.5k where we would V bottom reversal back to the 6.5-6.8k range. Long term bear market confirmed.