MCFX2

MCFX2

We're seeing yet another dip on BTC, but I think this is setting us up for a very good and healthy move. After we bounced off the 6k panic level we formed a nice bull flag and rode it perfectly. The correction that followed was too weak for the final upside to break out of resistance though, so we're here now. We're sitting on the low point of a parabolic...

MCFX2

We have a lot of bearish signs on BTC right now. Alt sentiment went negative earlier and hasn't gone positive yet, we've hit my old C wave target from a few days ago, and Alchemy is showing strong signs we're about to get a bearish breakout. The target for a pullback is low 9k range.

MCFX2

The rising wedge channel formation XLM has been making nicely closes near the top of the previous rally, which, assuming it dips there, would create a perfect setup for a cup and handle with a target to high 5k territory. It's also been holding up decently in the recent bear market, has some catalysts coming up, and has respected hourly supports but broken hourly...

MCFX2

After a very solid correction and now consolidation, SC is ready for another takeoff. Last time it consolidated like this there was very bearish alt sentiment which primed us for a bearish breakout. However, this time we finally have flipped over to bullish sentiment and we've seen what sort of catalyst that can be, just look at my BTC TA from yesterday.

MCFX2

I'm happy to join the flood of voices predicting where BTC will turn next. Back around 16k I made some TA that suggested BTC would fall to 6k (proof here). I was called crazy by certain people and i decided not to publish an idea here. Sadtimes. In any case, we're seeing some signs that this recovery will be different than the others. The acceleration...

MCFX2

A pretty simple pattern. Falling wedge is a nice shape to start our wave 1. Target for wave 3 is both the 2.618 extension of wave 1, and the high berfore the delisting. Relisting and iOS app release should act as good wave 3 catalysts. Whale indicator also showing some heavy signs of accumulation. Wouldn't suggest entering before wave 2.

MCFX2

Elliott waves are certainly great. We had a rally for BTG up to the daily resistance, which it failed to break, then a 0.5 fib retracement. After this we successfully broke the daily resistance and rallied much higher, but corrected down to the daily resistance (whose support held). Now we're gearing up for a lovely wave 5 which should take us up close to 2x...

MCFX2

My new favorite TA method, fib extensions, coming out here. Storj making a classic Elliott Wave pattern, Wave 3's target ended up being close to the 2.618 fib of wave 1, and if 5 is to 3 as 3 is to 1, we're looking at around 45k storj. That's close to a 3x.

MCFX2

Continuing on my previous post about dogecoin, major events in dogecoin price seem to coincide with large-scale market actions. I've labeled the notable ones on this chart here.

MCFX2

Dogecoin is an interesting specimen, it only rarely pumps, and that means we can look for patterns surrounding dogecoin pumps. After looking into dogecoin pumps in detail, I discovered that there was a strong correlation between impressive doge rallies and the general theme of the altcoin market. I decided to turn what I learned into an indicator, shown above....

MCFX2

We're seeing a clean elliott wave pattern on BNB on the daily chart. The target for wave 3 ended up being around the 2.618 fib extension from wave 1, assuming wave 5 follows the same pattern relative to wave 3 our target is close to the 130k area. Granted, it would be all too easy for bitcoin to rally in the next week and ruin it all, so we'll have to keep an eye...

MCFX2

As XLM approaches the previous all-time high of 4487, we're showing some signs of slowing down in recent hours. If it bounces off of the previous ATH price like i'm projecting, that would fill a nice cup and handle pattern and we'd likely see a retracement down to the 3500 area. At that point it could go either way, but if it regains steam after that correction we...

MCFX2

This is an example of my Whale Movement indicator, where i've conveniently plotted the buy and sell signals it issued as an overlay. It's very important that no matter what you trade, you enter and exit in parts. This keeps you flexible in trading so you can buy dips as they occur to lower your average entry. This also lets you secure profits in high-risk...

MCFX2

The whale indicator seems to play like an even more predictive Breakout indicator, if you can spot a wedge/triangle/pennant's formation. So far it's been perfectly accurate on COINBASE:BTCUSD on 15min candles, and I haven't tried this with alts yet. This also may not apply to large formations that are only REALLY visible on large timeframes, since long-term...

MCFX2

After ARK's great pump, it entered a bear market. However, the lower lows have been slower making a very nice curve. We recently passed the midpoint of this curve, but the real test will come once it's time to break the resistance. This coin has also been heavily accumulated over the past several weeks by whales, who might be looking to make another move soon.

MCFX2

DGB is repeating a similar pattern to what it did before pumping to 150 sat. I think a long position with a safe entry below 94 fairly low risk with pretty good potential rewards. Based on the past pump, i'd say the target for this one should be at least 115 sat.

MCFX2

There is a common 9 1/2 day pattern that gets repeated on LTC every few months. This most recent pump, some of which claim is not yet over, is just another (overdue) repeat. Simply, pump -> consolidate -> pump much higher -> consolidate -> break bearish out of consolidating triangle -> dead cat bounce -> bear market. LTC isn't particularly risky to enter since...

MCFX2

LTC is making a beatiful Elliott wave pattern and is currently riding up wave 5. Some good swing oppurtunities here. This elliott wave is composed of 3 smaller elliott wave patterns which i've filled in here: A textbook, perfect example of Elliott waves in action.