fractal of last bear cycle has been completed. NEO will follow ETH which has touched the major trendline and is forming an I H&S Not expecting a full retracement of NEO to ATH. If it does the full position can be sold. TPs shown in green. Not Financial Advice
Alts follow XRP and ETH. Alts are oversold, major coins like XRP, NEO, EOS, LTC are on long term trend lines or have completed fractals of previous bear cycle. Not expecting a mania, but alts will recover. Mid and long term positions can be taken.
Entry as close to 14700 as possible TPs 18000 20000 21000 Use trailing stop loss until lift off, cut losses if price breaks down from parallel channel. R:R 13 at TP1 ! Not financial advice, education only
Ethereum has been showing strength and will likely continue to rally with alts until BTC there's a break in the tightening weekly equilibrium pattern. RSI on daily QTUM/ETH chart is oversold and has historically provided a solid buy signal. Best to take profit into BTC since it is relatively weaker than ETH, but is consolidating for its big move. We can use a...
KNC/BTC TP1: .0003700 TP2: .0004350 TP3: .0006500 SL: .0002250 After KNC was listed on Bithumb we saw a massive run up as expected. Now we have found a double bottom with two weak bullish divergences indicating upside to come. If you took profit on the bithumb listing this is excellent entry. Our first strong resistance is at .0003. Another level to watch is at...
BTC/USD -4hr- Hidden Bullish Divergence; consolidation continues Bearish in red Bullish in blue Double bearish divergence on RSI has been reset, now ready for swing Double hidden bullish divergence on RSI is active, ready for higher high or entry into equilibrium. Leaning towards HH forming (purple or amber scenarios) Three possible scenarios showen in...
XLM/BTC has had some good trading volatility and we are ready to load up the truck for another run! On the daily chart we see a bearish divergence in RSI which has been resolved. And as long as we hold the HL pattern we will have a hidden bullish divergence . The 4 hour chart shows a bullish divergence in RSI and oversold RSI indicating reversal here is...
Daily chart on left highlights Adam and Eve reversal pattern (A&E). With A&E reversal pattern we need the bottoms to be more or less at the same level for it to be valid. On the ICX/BTC chart it is a little stretch to call it the same level, but on ICX/USD it fits nicely. A&E reversal has a V shaped bottom (adam) followed by a rounded U shape bottom (eve),...
We have an ascending triangle on BTC which is a bullish indicator. The trending resistance and yellow boxes are our resistance and target zones. A break above the red line would be very bullish. If we brake it expect price to test it.
BTC has developed a repeating fractal as show by the two sets of green arches on the chart. We are still moving within a bullish flag, and considering the last time we had a prolonged consolidation period was at $6k this multi week correction is well needed. The green box shows short term support on 4 hour candles. The yellow box is a likely reversal zone as it...
ICX mainnet launch is JAN 24th, followed by their annual convention the weekend after. Speculation that ICX will be added to korean exchanges at end of month. Currently testing the trending resistance line (the upper red line) that was created from the last leg up. Once we break this we have a very strong indicator for hitting our main TP of .0013 BTC Fib line...
It is not the time for going long on OMG. Profits should be taken from latest bounce. RSI on daily is showing oversold and a bullish divergence, indicating we could begin trending sideways. Upward trend is highly unlikely. Most alts reverse after 90% retracement. I am favoring scenario 1 because of the RSI, followed with a continuation of the downtrend. However,...
RSI is still in downtrend. If it is able to stay above 56 we can call for a reversal. This is not trading advice, do your own research. You are responsible for your own trades and investments.
Simple set up. Bullish flag indicates we will see another leg up on the short term. TP zone: .0022 - .0024 Re-enter .0015
EP: Below .00175 TP1: .002102 TP2: .002984 TP3: .003488 SL: .00165 QTUM has had a lot of volatility since it hit bittrex making huge ups and downs. On a fundamental level we have a currently about 20% of QTUM tokens now being staked, and that number is growing. New exchanges are and have been added (bitfinex, and some japanese and korean exchanges still coming),...
Technical Analysis shows of RSI and price trend shows that we still have lower to go before reversal. Below 10 satoshi is a damn good buy. I will be laddering my buy orders at 15, 12, and 7 satoshis - although that. At the fundamental level we are bearish on alts with BTC Gold and SegWit2x Forks coming up. People will be selling alts into BTC to get "free" BTC G...
OMG has seen a large run up in the lat month and needs to correct. The general trend seems to have topped out with 200 EMA trending downwards and price below it. BTC Gold is coming Oct 25 alts will be sold into BTC so people can get their free BTC Gold. If BTC falls below $3000 we can see OMG price hit the major demand zone in the next 4 - 6 weeks. If BTC manages...
We saw 100% retracement from the recent high back down to the .0023 level. Great buying level. If we break out of this current triangle bullish we could see resistance becoming support at .003. We may have a bounce downward from the fib lines at .00325 or .0035. Strong resistance at .004. MACD has crossed over on 3hr candle, and looks like it will cross over soon...