Pretty obvious Cup & Handle formation. Already broke above the neckline today and retraced - it's bouncing around right now. Stochastic looks has some room to go up. Volume doesn't really match the pattern, but this is a very low volume coin. Target would be well above the ATH. Listen...like I said this is a low volume coin so it's very prone to...
Posting this quick because it looks like it's breaking out right now!
Total speculation here but just showing you what I'm looking out for. I see a possible Head & Shoulders (yellow). There's a similar pattern on Bitstamp too. Neither are totally convincing, but worth pointing out. If it does end up hitting that target, it might be a good setup for another larger Head & Shoulders (orange) if it decides it's not ready to go...
Looks pretty good, volume matches up so far, LTC is obviously bullish - keep a lookout for a break above the neckline. Target coincides with a previous peak.
Just completed the handle a couple minutes ago and popped back down slightly - be on the lookout. If it breaks out it'll do it soon...
Watch for a break above the neckline. The RSI and Stochastic RSI seem to be low enough to allow for a breakout pretty soon & it's already flirting with the neckline. And as always watch what BTC does because that usually trumps anything else (I wish I could add this as a disclaimer to every idea! :)
Looks like a Cup & Handle on Siacoin. If it holds up, my target is in the 120-130 satoshi range. In my opinion Sia has been undervalued - been suspecting a pump for a while. May not take off right away but definitely keep your eye on it.
Bitcoin failed to break through some significant resistance points for now - will probably need time to recharge before it tries again. Watch the Rising Wedge - if it breaks downward from that we'll have a decent fall in the short term.
Bitcoin may fall in the short term - Monero looks like it's getting a running start in anticipation. Watch ETH as well - it looks like it's trying to break upwards out of the channel, I'm waiting for some real volume before confirmation though.
Looks like a pretty solid breakout of that wedge. BTC has come up against some pretty significant resistance points that it hasn't been able to break yet, and is pretty overbought on the daily charts so there's a good chance it'll retrace for awhile before it tries again - so it seems likely that Monero will take this opportunity to rally.
Just transferring some of my ideas from my old biggullycoin account. New stuff soon
A few ideas about ETH. There's a bullish divergence on the Stochastic RSI Sort of hit a double bottom, but it's a little bit of a weak theory since the first bottom was just a momentary spike down. Potential Inverse Head & Shoulders. On shorter timeframes you can see an Elliott Wave on its way to it's third peak - I can see that peak making a neckline for the...
Litecoin is becoming relevant again. The possibility of activating Segwit will lead to a lot of speculation over the coming weeks (which is getting close to the 75% signaling target but will need to stay there for a couple weeks even if it reaches it). If Segwit does activate, get out your popcorn... Just roughing out some lines & resistance points to try and...
Quick Elliott Wave idea. There's a triangle forming right now - it might break down a bit from here and form a slightly larger triangle and end up at (4) before the last leg (5), or may break upwards sooner. In any case this should be the last leg before a corrective phase.
Revised from my rough hunch idea to reflect yesterday's price movements. It could be forming a right shoulder right now - watch for a breakout past the neckline. Speculation: completing this Inverse Head & Shoulders might lead to a Rounding Bottom, which may lead to forming a bowl if it reaches the previous high around 0.00007, which would in turn be the latest...
Monero made a double bottom last night - still in line with my Rounding Bottom idea. Updated the shape of the (totally speculative) Inverse Head & Shoulders drawing to fit the latest price movements.
Just spotted a bullish divergence on the Stochastic RSI - supporting my rounding bottom theory.
It's unclear which way this is going to go as I imagine it will have a lot to do with where BTC goes - but here are some ideas I'm seeing & things to watch for (see chart). If it goes in this direction and ends up forming a bowl, LOOK OUT! Because this would be the handle on a large cup that started with the last ATH around 0.0270 and would point to a pretty...