MarkCanna

MarkCanna Updated 

After a significant market cycle, where predictions had the first crypto dog on the moon, we had a predictable fib retracement and consolidation. This would appear to be the perfect entry zone, as I don't see any downside whatsoever. You may have to wait a while, but everyone's favorite dog is climbing back into the rocket. Triangles have already converged, and...

MarkCanna Updated 

As requested, here is an analysis for Primecoin. T/A: The chart is a disaster. Multiple upward wedges, which I normally love, which then fail to the downside. But it is revealing. XPMBTC appears to have many pump spikes, which we could exploit for quick profit. I would expect this pattern to continue. Fundamentals: I spent a few minutes on their site doing...

MarkCanna Updated 

Same rationale for both previous entries....Micro market cycle, 90% retracement, triangle wedge. Good entry here around 258-262. Claim your CLAMbo!

MarkCanna

Again, I believe in repeatable patterns. This chart looks a lot like GNTBTC over a similar time frame. I called a longer term hold there, so why not here? Look to enter near bottom of bull channel, and take profits near the top of it. Rinse.....repeat. Until we break bottom trendline with volume this play holds. Fib Retracements on each mini market cycle are...

MarkCanna Updated 

I'm a big believer in identifying repeatable patterns. We have many arcs which tend to lead to breakouts, within a long bull channel. I see no reason for this pattern to slow down. GNTBTC appears slow and steady....like the Tortoise. *spoiler alert* the tortoise wins. Find dips within this pattern and accumulate. Longer term, less excitement play. Shorter...

MarkCanna Updated 

After a miniature market cycle that yielded a ~75% fib retracement, I see another opportunity to enter/add to our CLAMBTC position. Again...repeatable patterns. Triangles...and I don't see it breaking down after such a long retrace to 215 earlier. Do I believe clams has a future beyond the next couple of years? Not really. But the market cap is tiny, and...

MarkCanna Updated 

Look at that. The very rare Russian Doll setup. Okay yes, I made that up. But certainly appears to be a triple cup and handle forming....and if that's not bullish, I don't know what is. Yes I am loong FCTBTC. Buying dips. We make a new ATH soon. POLONIEX:FCTBTC

MarkCanna Updated 

As requested, my analysis of LTCBTC. T/A: I'm going to call the last couple of months the segwit spike. This created a rather unconventional market cycle, with an unconventional pullback. It's ugly, and doesn't hold up well to elliott wave theory. I didn't even bother drawing trend lines, because there's none I'm fond of. Fundamentals: I may take some heat...

MarkCanna Updated 

Following a significant, months long market cycle, (with a perfect 88% fib retracement) it is now time to re-enter DASH. Look to buy and hold long term. Down-trend is making higher lows, and should breach to upside shortly. POLONIEX:DASHBTC

MarkCanna Updated 

I believe in Elliott Waves, and this sure looks like the perfect entry for a 5th leg. I see excitement building for "the Flippening" and an overall worldwide interest building in crypto. I see any dips such as this, being viewed as an entry. Worldwide FOMO? It's a powerful thing, and it's the future of crypto. I could actually see this 5th leg blowing right...

MarkCanna Updated 

It's no secret I love FCTBTC. This is more of a speculative chart, and whether it follows this pattern or not is irrelevant to where this is going. But, dare to dream right? Complete the handle, test the ATH, and off to new levels. POLONIEX:FCTBTC

MarkCanna Updated 

CLAMBTC - Short term triangles, long term triangles...all converging to a single point. They usually lead to dramatic moves, and I don't see CLAMBTC moving down. So there's only one way to go.... I have two target zones...you can reach for the high one for some exceptional profits. POLONIEX:CLAMBTC

MarkCanna Updated 

I expect FLDCBTC to retest 1000 sat. in the near future. This is a good entry at upwards support, after a significant pullback. Expect multiple tests at 1000 sat. and use this as an exit if you choose. (sit in front at 995). When 1000 sat. breaks, expect very significant gains. POLONIEX:FLDCBTC

MarkCanna Updated 

Following a very sharp elliott wave, BTSBTC is at a critical point. I expect it to breach this support line and retrace 75-90% on the fib. This is healthy consolidation. Take your gains and look elsewhere. If you bought the top, well, somebody had to. Save some cash. POLONIEX:BTSBTC

MarkCanna Updated 

I know I'm a little late to this party, but DCRBTC is a buy here. Making higher lows, higher highs after breaking through a significant, strong market cycle. Good longer term hold. Look to pick up near bottom of flag pattern if you're patient. POLONIEX:DCRBTC

MarkCanna Updated 

After a significant market cycle, with multiple retests of the 78% fib retrace, this is a safe entry for Stellar Lumens. I would not expect any fireworks in the near term, so think longer term. Making higher lows as of late, also bullish. Look for possible breakout near tip of triangle. POLONIEX:STRBTC

MarkCanna Updated 

A bit late on this call, but I see XEMBTC continuing a decay into the target zone before looking at re-entry. It had a great market cycle, so I see this move as necessary to long term growth. Could trade the channel on the way down if you're skilled at such things. POLONIEX:XEMBTC

MarkCanna

People have asked for my thoughts on XRPBTC. I'm going to sit on the fence. Here's why... Bullish: We've completed a significant market cycle, with a nice 88% retracement. Normally this would get me excited for an entry. If this were a typical crypto, I'd likely be looking to enter near the tip of the triangle. Bearish: I loathe the coin structure. ...