BTCUSD is looking better, but it still hasn't truly reversed yet. It still needs to reclaim position above key moving averages in addition to breaking all downward trends. The reactionary volume at 6K was nice, but has tapered off significantly since then. This suggests no new money has entered the market, but rather money that sold higher simply re-entered at a...
Long-term Elliot Wave analysis on the weekly indicates what appears to be a clear ABC correction from the peak of the 5 Wave, with A bouncing perfectly off of the .50 fib. This looks pretty textbook to me. Drop could be as low as $8,500. A brief flash-crash to 6K could be triggered at some point due to market unrest, though I think the actual floor is around...
XLMBTC isn't done yet; it's actually playing the technicals perfectly. Notice the clear Elliot Wave playing out with perfect subsets, as we begin to make way into the final Wave 5. The algo's are touching the fibs perfectly, and have been doing so for most of XLM's existence. Even if you look at XLM -3.20% historically, the bots play this coin like a an open...
XMRUSD is a cozy place to be. I strongly consider XMR to be the best altcoin in the top 10 market caps to perform in 2018. The reason being the fundamentals match the amazing technicals it's had for so long, building up pressure to this point where it's ready to truly breakout. We have 3 individual bullish patterns it could track right now. There's no technical...
Many people here are breaking down the charts on the short-to-mid-term, but just take a look at the weekly chart. Between the weekly and the obvious cup and handle and numerous bullish signals you can spot on the 4 hour and dailies, ZEC is possibly my favorite long-term bet. It may yield results faster than anticipated. ETH and LTC are getting a lot of attention...
Not necessarily projecting outcomes, but there's definitely a repeating pattern, almost the same sizes. BCH is risky, but the wild swings = huge profit. Stay on the lookout.
Consolidation patterns forming on the 4 hour with declining volume and what looks like will be an inside bar (unless it changes within 7 minutes). ETCUSD is about to break one way or another. Pay attention to a spike in volume, and wherever the price goes on that spike, it's going to continue in that direction fairly substantially. We could see a 10-20% move (20...
BTCUSD Appears to be in the process of /possibly/ forming an inverse H&S pattern. Let's keep an eye on this, because should the pattern hold and play out it'll be bullish.
The next should hours could give as a clue as what future trends may be. If BCHBTC break postive, it's a good sign for more long-term BCH trading vs a declining BTC. The opposite is true if BCHBTC breaks down. Watch for a volume breakout in either direction.
Several bullish trends are converging on the same point. Barring any market news or shakeups, I'd be looking for an entry point anywhere between $300 and $310 to hold for the next 1-2 weeks. Depending on they way in which ETHUSD rises and it's ascent will dictate where to take profits. We will chart it again once we get there.
This is happening right as BCHBTC is rising and BTC is falling.
You shouldn't be on this website to shill coins; you should be looking at technical analysis in order to predict price action in order to PROFIT, regardless of the name of the coin or the tech/personalities behind it. I've tripled my money almost entirely on BCH alone the last couple of days, despite all of the naysay in chat calling it a "shi7coin". I don't care...
As explained in previous charts, keep watching for the volume swing. BCH is building pressure, and is likely to move one way or another soon. Where the volume goes, we go. You're seeing consolidation in bullish continuation patterns, where declining volume breaks high into large swings. This 3rd pattern is much larger though, and will likely yield more radical...
If you've been following my charts (look at them) you'd be doing pretty well right now, avoiding BTC while joining the gains in BCH (and even some LTC). We are in another continuation pattern of consolidation, where we follow volume to find the swing. With BTC bleeding out, another bull run in BCH appears almost certain. Remember, you're looking for declining...
If you've been following my charts, you've watched them accurately prepare you for massive BCH bull runs. Consolidation on declining volume with an upswing on positive volume is very bullish. These flag pole patterns are also very bullish. Keep an eye on this, because if this pattern continues for a 3rd time, we will likely see BCH take another bull run.
If you look at my past 2 BCH charts, I called these rises based on the volume spike bull sign. Watch closely, as we may be witnessing the beginning of a 3rd flag pole and flag on declining volume with a volume break = bullish.
Looks like BCH may be repeating the pattern I laid out last night. If we see a repeat of these trends there's no reason to expect different results. Let's watch for this pattern to hold again.
There aren't a lot of support levels for BTC's current rate of descent. All heavy volume is selling, with the next support lines coming at $6,000. Anything below that suggest another drop to $5,700. It also appears to be rolling over on a double top. I don't think there's a very strong case for a BTC in the near-term. I'm bearish and staying away until I see a...