RJtradescrypto

RJtradescrypto

Wedgeception. pretty sure we will be seeing a big breakout soon, either up or down, but this will be a big move. The ascending wedge mostly breaks downwards so Im calling down for now. If it breaks upwards we'll be seeing a big bullrun

RJtradescrypto

ETC has had a bullish run and is now completing an ascending wedge. RSI hourly shows overbought. May see a little more short term upside moving towards the tip before heading down

RJtradescrypto Updated 

As we can see we have hit the OTE (Optimal Trade Entry) at 0.71 Fibonacci retracement on the 6th of january. We have yet to hit a Fibonacci extension since we have had this OTE. An entry at the 0.71 Fibonacci retracement usually means we hit the -0.272 or the -0.386 Fibonacci extension afterwards. As we can see in the chart the -0.386 Fibonacci extension is...

RJtradescrypto Updated 

In my previous analysis on BTC/USD I showed that Bitcoin is following a linear increase on the logarithmic scale, this means we are still following an exponential trend. BTC has just corrected for the third time on this logarithmic trendline within roughly the same time periods (60-63 days) and all with similair increases when retracing back to this trendline...

RJtradescrypto

Either we bounce off the 50MA on the daily candles or we break the linear trend on the logarithmic scale (parabolic trend) or we are going to move to lower levels. We need to bounce here otherwise next targets are 7,5k 5k and 2,8k that act as support areas. A strong break of 10k on the leading exchanges (most preferable bitfinex) would make us drop down. If we...

RJtradescrypto Updated 

First of all, I am neither bullish nor bearish on BTC in the long term. As of now, technical analysis shows me more bearish indications than bullish. I have devided this analysis in two seperate parts. The upper part views BTC/USD on a logarithmic scale, we can see on this scale that BTC has been moving linearly on this logarihmic scale. Last two rises that were...

RJtradescrypto Updated 

BTC looking like it could go for wave 5 with target a nearly identical rise to the previous two. Last two waves up show they where nearly identical in % up aswell as the time it took to make that increase. It is currently following the channel as shown, A breakout from the channel occured, followed by a quick pullback to get back in the channel again. As long as...

RJtradescrypto

Neo will most likely touch bottom triangle line first before breaking upwards. Textbook ascending triangle, nice consolidation after last rise. Very good risk reward ratio. Targets based on FIBO extensions, Buy when structure breaks, use trailing stop loss just below each FIBO extension.

RJtradescrypto

ETH is currently forming another pennant indicating a possible continuation after the breakout that occured earlier. Ethereum has been in a state of consolidation for a while and is looking to gain terrain once again after the rise of coins like LTC, STR and XRP Targets and stop loss indicated in the chart. Buy above 860 USD if strong break with good...

RJtradescrypto

In order for this idea to work the trendline that XRP is moving up with has to hold. Wave 5 is usually shorter than wave 3. Unless XRP is extremely bullish next TP is 0.236 FIBO extension, 2nd target 0,618 FIBO extension. Manage your stop loss tightly

RJtradescrypto

Resistance points are shown within the channel. Trade the channel. Put your stop losses on a hard break of the channel

RJtradescrypto

First target 11800 USD Second target 10500 USD

RJtradescrypto

No complicated analysis on this, hold as long as the channel holds. Could be alot of upside in the long term if the channel holds Major supports as 251, 259 and 300 satoshi

RJtradescrypto Updated 

I have used the XRP/USD chart as I found these charts are more reliable than the BTC pairs. It looks like Ripple is ready for yet another breakout. I myself think breakout from patterns like a pennant or flag are overall very reliable. Strong support has shown and Ripple tested and rejected the 0.98 USD support line four times in a day. Target around 1,50...

RJtradescrypto Updated 

Price has consolidated around and with Bitcoin looking to correct further this could spark another run for BCH. Target around 4,4k USD Trade active if Bitcoin goes down

RJtradescrypto Updated 

Bitcoin is looking to complete the corrective Elliot Wave. Doing this would force Bitcoin out of it's uptrend channel. Also Bitcoin has stopped increasing exponentially and is now rather increasing in a linear way. This might be what is gonna cause the next big correction,

RJtradescrypto Updated 

Stellar has been moving up lately and in my opinion it's time for a correction. Stellar also seems to be forming a rising wedge on the STRBTC chart which could indicate a trend reversal. Open trade: clean break below the lower line of the wedge. I'll be looking to open a position if prices breaks beneath 1410 Satoshi TP1: 1275 Satoshi (previous resistance and...

RJtradescrypto Updated 

Even more clear to see on the 5 minute candles but the bullish pennant has been respected on both up and downside of the triangle. It has touched both line's of the pennant 5 times near perfectly and thus respected it's trend. Also the end of the bullish pennant comes together exactly on the point of ripple's long term trendline up since the push started. Long...