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The past few weeks might have presented the only chances left to enter into the ALT coins before a major retrace back up to resistance levels. If you take a moment to analyze each move, there have been some major spikes up throughout the years - with equally impressive drops. The 94% crash might have just been a major correction back to fair value until an...
Good morning all.Thank you for checking out my analysis! Leave a like and follow me if you enjoy free T.A and current price updates! Last night BTC broke down from the triangle and reached the measured move to the $10,070 level we were considering as the next long entry. With buy interest waiting at this level there was a nice bounce back to the triangle but...
After hitting the $77.00 target LTC is struggling to get above. It seems price is printing a symmetrical triangle/ pendant formation just under resistance and over support. Last night there was a measure move off the rising wedge and failed to break to lower targets. Currently we should expect a break to the upside of this triangle due to the bullish divergence...
Good morning all. XRP is up nearly another 12% after the re-entry opportunity given at the base of the bull flag after yesterday's vigorous move to the upside. Price traded sideways along the 1.272 Fib extension before taking out the previous high and is now attempting what possibly could be its last rise in this movie. The 1H chart showed us less positive...
Hello all. Today's sideways movement for BTC allowed for the ALT coins to finally make a break for it! This might be coming to a swift halt/end now as BTC slowly grinds up, and now back tests the rising support line as resistance. Rising consolidation is a clue for continued movement down, along side with rejection at a support. It is expected that we see a...
Price exploded today after breaking our $0.27 target and moved another 10%!. Patience gave us 2 possible entry points 4% below the top of this move. Price consolidatinING downward and seems to be breaking up from this. The upper target of this suspected continuation is $0.325 +10%.
Hello all. I am Humbled to have been messaged about a question from an individual member of the community! The concern seems to be with long term outcomes/ price predictions for XRP. The question was "What will price be like in December?" Strictly looking at the chart, we can come up with a few scenarios for price action by this date. I have set these possible...
ETH has been slowly rising and now forms a bull flag on the 15 minute time frame. Support is just under $196. Although this rising patter is inherently bearish, we have seen these types of patterns break to the upside as well.
Good morning all. I have placed my thoughts on this situation for litecoin here. Being that alt coin season might be starting soon - I mentioned reasons why in a previous post - we could be seeing LTC break to the upper line of this rising broadening wedge and even break it to the upside all together! we had a false breakout of this pattern with a rise in...
Good morning all. If you have been patiently following us with XRP then today's rise was long awaited. The measured moves off both of the descending patterns were in congruence for just under the 200 EMA on the 4H chart. Currently we are potentially printing a bearish divergence - higher high in price , lower high in positive momentum with MACD/ RSI and volume....
LTC surprises and breaks back above into the wedge giving us a higher high! Let us watch for some bullish consolidation or even more upside movement. Holding $72 would be ideal, $73.25 is the next high to break. Upper targets will move along with the ascending broadening wedge.
Alts have been getting destroyed during this Bitcoin consolidation period of over 3 months now. 11 straight weeks red on the Heiken Ashi chart. All is not lost tho. We are sitting on a rising support line with the next higher high above us at 120% away! The gold support line drawn goes back to the beginning of the major bull run and even acted as resistance...
If you have been following the prior posts on BTC then the drop this morning would have not been a surprise. We were expecting price to get rejected after back testing the rising channel which it did. The possibility of price being held up short term by the descending broadening wedge did not happen. After sideways movement price fell below the support and...
Good morning all. XRP continues to play tricks, however moves directly onto the tip of the rising triangle that gave us this flag formation. We are now back testing the descending channel as support directly in the middle of the 0.5 and 0.618 fibonacci retrace levels. Currently MACD is bullishly diverging with price, the oscillator is showing lower levels of...
Looking at Bitcoin's long term chart it seems obvious of the direction. We have only had 2 other opportunities to buy at a low prices in a 10 year rise. the Gaussian channel illustrates that perfectly here giving us only 116 weeks total in a red (buy) zone. The rises from the red zones were followed by 3 distinctive moves: 2 triangles leading to the all time high...
Good morning all. No thanks to BTC's price action we had a drop below the wedge for LTC. Watch for the back test of the wedge before any continued movement down!
The bullish divergence on the 4H MACD is playing out so far showing a potential breakout occurring. The gap was not filled yet and doesn't necessarily have to be. Watch for the candle close to end with a sold bar above $18.
XRP attempted to break this flag formation twice with no conviction. The result was a breakdown of the range bound trading and a move to the 200 EMA on the 15 minute chart and perhaps final support point of this down-sloping channel. We will need to reverse back up strong if the long awaited $0.27 target will ever be seen. If the Flag fails will should see price...