"Simple" trend analysis to set expectations for March. Currently forming into an upward wedge, which is liable to break downward. Lots of support around, especially including the "snowline" from Monero's ATH. Looking to fill up in the gold zone after a bullish reversal confirmation. I'm an amateur; this is not advice.
How I use the Fibonacci Trend tool, an intuitive place to start if you're a new trader looking for a way to tame the madness. When properly fit to your chart, it can offer weeks of predictive value.
Info on the chart - just a simple trend analysis to prepare for what's ahead.
Pink traces a loose Butterfly Pattern, though the middle is short and the right wing is very extended. This could indicate that a cup and handle, traced in Green, is a better fit. Stay safe traders. Expect trends and resistance clusters to behave normally. Keep an eye on volume.
It just keeps going. This is as bullish as it gets.
Morning LTC'ers. It appears LTC is forming a triangle trend on the 4h, leading to some upcoming highs with a finish at just under 50 millies. This corresponds with the bullish triangle we find BTC in (which will start around C, a point which will likely be hit after BTC's last downward leg before next pump). Since the market is particularly volatile at the...
The moment we've all been waiting for. Where do you plan to buy in for your swing trades?
ZEN's been on a BTC-agnostic bullrun for a week and I'm finally FOMO'ing in at this fantastic bullish flag. May be able to catch one last scam wick around $26-27.5 before next 61.8% marked at $35, otherwise I expect price to naturally fall to the $28.50 range before moon. RR=3.5 Next bottom around $31
Tracking a BTC swing trade this weekend. If my prediction holds, Bulls will win the day, then a possible drop overnight to sub-35k. This weekend, marking the 0.5 fib as a flexible point as it could be part of an upward trend toward ATH or be a corrective wave in a continued downward trend which will play in the resistance band at the bottom of 33.2k. Hopin' it...
I'm with the Bears, wannaBulls, and Dip Pippers looking for the next best purchase time. Putting a low, low series of limit orders to catch the inevitable correction. Traditional financial strategy stop losses will likely succumb to BTC's volatility and domino down an extra few percentages and these are the bitties I hope to grab. Get 'em low enough, Bear or Bull,...
Posting my personal view, less TA and more just watching trends to see how they actualize. I'm an amateur and this is certainly not advice. A H&S is visually apparent in the chart, but measuring it shows it to be incredibly sloppy - not a powerful indicator of trend reversal yet. A related area of concern, though, is that we have significantly dropped below EMA50...
The recent bounce established some certainty in our channel low, developed since late Nov after a great month. Trend is still positive, but more tame at around 8% per month. Amplifications are interacting with Fib levels, so oscillators are our best friend here. Overall sad we're not seeing the performance of some other alts right now, but here's hoping DashPay delivers
Looking forward to the Cardano community fork next week. Been Mapping out some notable trends that developed after Shelley. While I doubt ADA will follow an EXACT pattern after Goguen, it does make sense that we will see similar lows and highs to swing to before the next community fork. Next notable resistance up is at the $0.20 mark and $0.15 at the bottom end,...
Support lines look strong but I suspect there will be plenty of faltering and retesting in the coming week. BTC tumble and a major holiday in America make for plenty of uncertainty. I think fate favors a long hold, but buyers may be able to find a few extra peeps at the resistance. Observation, not advice.
BAT enjoyed a stable price range from $0.23 - $0.28 from Jun through September this year, and this weeks jump has brought us back to this range from a Fall low. If the shoe fits... The notable price surge in Aug may have been due to some corporate buy in - I think I noticed PayPal ads begin to appear around this time - and the current BTC surge has been led...
Watching for push against $625. When that dam breaks, $700 looks like a clear shot. Honestly wouldn’t be surprised to see $850 again by next Spring if Maker and DAI keep relevance.
While Bitcoins price cools, I’ve been researching which altcoins to ride into winter with. Here are the cash-alternative tokens that beat BTC in pure gains since March, when we entered a renewed global economic mindset. (Ripple, Uni, and other utility tokens not considered). Note ZEC’s price dip as it went into a halving mid-November. Following Bitcoin chain...