alkomart

alkomart

Hi Folks, My take on BTT for the near term: Wave 3 to 55-65 sats Retracement to not below 40 sats, sharper than the first correction to 20 sats Wave 5 to ~80-100 sats Then into correction (ABC) Let's cross thingers ! (No investment advice, do your own research always)

alkomart Updated 

Looking at the BTC/USD chart on a 2-3 months scale we can see consolidation in a bearish wedge / sym, triangle formation within 2 major trend lines. I expect this formation to finally break out to the lows (bearish continuation pattern). The local Maxima / Minima within the formation are timely spaced approximately within 1 month intervals. So I expect the next...

alkomart

After the last big green candle breakout from the ascending triangle formation with resistance line at 4090-4100 USD, the price action shows short-term oscillation around the 4100 USD level with converging amplitudes. Probably a continuation pattern for the up-trend. Breakout to occur expectedly within the next hours to the upside. Next Levels: 4350-4450...

alkomart

The previous symmetric triangle formation played out to the upside and the lower trendline together with the current price resistance at ~4090-4100 USD/BTC forms now an ascending triangle, which is usually a continuation pattern and breakout should be bullish. Expected positive price development in the following days, possible breakout above the ~4400 level...

alkomart

Looking at the larger picture of the BTC/USD price-breakdown one can see a symmetrical Triangle formation (all time frames). Trading range is narrowing Volume gets increasingly lower from Nov 15 to now. Apex of the Triangle to be reached around Jan 1st, 2019 Breakout direction cannot be ascertained, though a continuation of trend is common for this chart pattern...

alkomart

There's a descending triangle formation on BTC-USD chart (2h, 1h,...). This we believe is continuation of downtrend. Expect the breakout to the downside.Breakout within the next 24 hrs. Next support: 3600ish...

alkomart

I believe BTC-USD is not out of the woods. Strong downward channel still in place. Latest rally would have to intensify and lift BTC price above ~4500 USD/BTC in the following days. If not I think the larger trend will kick in again and bring BTC down below 2000 USD in the next month to come... Bearish Divergence also visible on the RSI

alkomart

Don't trust this rally yet. There is a bearish divergence on the RSI for the 2h BTC-USD and also 1h BTC-USD charts. Let's see if this heads back to ~3200 USD/BTC again...

alkomart

No comment, the trendline may speak for itself. Heading towards September lows...

alkomart

Another symmetric Triangle close is imminent for BTCUSD on the 2h-chart. I expect the break-out to be on the downside, the symmetric triangle being a continuation pattern. Next accumulation territory: ~3000 USD/BTC Pattern should resolve within the next 24-36 hs cheers

alkomart

The price trend for BTC-USD shows a continuation of down movement with a Descending Triangle closing it's completion I expect price heading south in the short term (next 3-4 days)

alkomart

I compared the current BTC-USD price retracement (Fibonnaci levels from top to low for the respective bubble cycle) to the last bull- / bear-run of BTC-USD in 2013/14. Back then price went well below the 0,236 level until finding a bottom and retaking it's ascent. Current price just dipped below that level again recently. Judged by this comparison we would have a...

alkomart

A Symmetrical Triangle formed on the XRP-USD chart - I expect this to resolve as continuation of the down trend. Volume seems to dry up also. Expect the pattern to resolve within the next 2 days. My target price on the short term is at the 0,26 USD/XRP accumulation range.

alkomart

The Ultimate Bear Target for BTC seems to be around 2300-2700 USD / BTC

alkomart

An Evening Star Pattern and a clear Bearish Divergence formed on the 2h BTC-USD chart. Gues that means downhill again...

alkomart

An Evening Star Pattern and a clear Bearish Divergence formed on the 2h BTC-USD chart. Gues that means downhill again...