It turns out the log scale is holding precedence over normal btc charts at this current time. For what seemed to be a very optimistic time for everyone who thought we were out of the downtrend on the regular scale, has quickly realized things are not so simple. Btc has more falling to do, the V shape recovery that we have been doing has been something out of a...
It seems as though btc has lost steam on it way to the top of the bear channel with an ominous red ichi moku cloud lurking above. In my opinion BTC will not break through that cloud at this time; However, I could possibly see a bounce at 9k then a break of the bear channel (if my wave 3 is wrong and the 5 wave has actually finished). Which In turn would break the...
LTC seems strong after forming a double bottom reversal pattern with bullish divergence on both the 4H Godmode and RSI; Not to mention it has started to pierce the top of the red ichi moku cloud. I would be surprised if this was a fake out. I wouldnt buy just yet tho, I would wait for a break of the upmost top downward trendline first, or even a bounce on top of...
I know Bulls, Im sick out it too. I'm sick of all fud, and the haters that made no money last year walk around like experts because Bitcoin finally crashed and, they "told you so". I didnt want to believe it either; i didnt want to believe the "bubble" was real and it finally popped. It hurts my poor little bullish heart to say it, but the haters were finally...
After what looked like a proper abc correction over the last week or so, ltc has just broken out of its downward trendline and looks fully charged to make a big move up. The deciding factor here will be if ltc continures to pass $300/0.618 fib line. If it doesnt, we will continue to trace further; if it does, we aim to make new highs. Keep in mind the red ichi...
It looks like btc has just finished Wave A of its correction, I expect to see a bounce to the the 0.618 fib line of the fib retracement for wave b and down to the support trendline just below 0.618 of the fib extension for wave c. Long the break of this pattern for certain profits.
LISK WITHIN THE LAST COUPLE DAYS WENT FROM BELOW $10 TO MAKING OVER 100% PROFIT; AND I DONT THINK ITS DONE THERE. I THINK LISK HAS ONE LAST WAVE THAT WILL PUT IT ABOVE $35 BEFORE RETRACE BACK TO LOW $20'S. EXPECTING TRIPLE DIGIT LISK PRICES IN 2018.
For those who want to make profits with btc but dont know where to buy because of the correction. I have presented a couple buy opportunities represented as green circles. The first strategy is to buy the breakout for wave b for short term profits, or wait for wave c to finish and set a buy order above the 0.618 fib line. If you are new and dont really have an...
After BTG broke out of its major pennant a couple days ago, it has since then spiked up to a previous high and slightly back down to start the handle portion of this C&H pattern. If this pattern plays of out correctly, we should be able to take prfoits around the $600-650 range or higher if BTG remains bullish after the fact.