LTCUSD has just completed a 100% retrace from December 8. I've drawn more lines than a frat house bathroom on this chart, and I've only got one (probably bad) idea. Before we get to that - let's look at two things that jump out at us from LTCUSD. First, this thing went full on SUPERSONIC, charging 400% in 5 days (if you're a marketing major, that's a lot of...
SCBTC basically completed a 100% correction from January 4th. There are a few ways this can pan out. "Great moments come from great opportunities." I have no idea if Herb Brooks actually said that to our boys before they took to the ice against the USSR in the 1980 Winter Olympics Ice Hockey Semi-Finals in Lake Placid, New York. Regardless, when Kurt Russell...
ADTBTC has confirmed to the market that it is in an upward trend, and I'm going to show why. First, I ONLY TRADE ON TECHNICALS. Ken Olsen, creator of the COLOSSAL Digital Equipment Corporation, once said "There is no reason anyone would want a computer in their home." The once $14.6 BILLION dollar company was sold for 66% of that to Compaq. Reason they...
BTCUSD has just completed at 100% retrace from November 16. I see a few scenarios ahead of it. XABCD: Given how violently fast BTCUSD rose to $20,000, there is a possibility of an explosive push back to the $20,000 level, and a retrace to mid-October levels. This would break the 200D MA, which BTCUSD has not CLOSED below since late-2015. A recovery and 2nd...
XRPBTC looks like a war-torn country, and I want to make some sense of it. Because XRPBTC has such a violent history, I want to use it's past to create some trendlines for the future. It's probably Sunday where you are (and GAME DAY) and you're looking at trading charts for cryptocurrencies, so I'm hitting you with the Book. Proverbs 14:12 - "There is a way...
XLMBTC has experienced extreme growth in the last 45 days, and I want to express my excitement and concern. For the last week or so, my wife and I have been enjoying the second season of Planet Earth on Netflix. It ishilariously depressing to watch those 30 black rooster-looking birds jump up and down for hours just to get that one chicks attention. It's probably...
ETHUSD has completed a 100% retrace from January 1. I see 3 scenarios going forward. Resume the uptrend: The white arrows each show a different resume of the uptrend, confirming the pair is still in the upward channel. Begin a downtrend: The Red arrows show a bounce off the 100% retrace/neck of the head and shoulders and could signal a downtrend. I very...