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Over the past few weeks, we have seen the price of ETH go parabolic. Anytime the price goes parabolic, the price will always experience a substantial correction. The question is not whether it will crash - it definitely will crash - but when is the peak. There are several signs that this is the top. 1. Bearish Divergence on MACD and RSI The prices are rising...

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Neo just completed five sub-waves, and after 5 waves, a correction occurs. The correction usually is between the 0.382 and the 0.618 Fibonacci retracement. We can open a short position with a tight stop just above the peak and a target at the 0.382 Fib retracement level, which gives us over 1:5 risk to reward ratio. That means, we only have to be right about 1/6...

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Whenever, the price goes up or down too fast, the price almost always retraces. Bitcoin has gone down 20% over the last two days, and is looking to make a short term bounce. A quick glance at the RSI and we see that it has broken the former trend line, which now is the support line. The RSI is no longer in a downtrend, but starting a uptrend. There also a cross...

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ETC has formed a cup and handle pattern, which indicates that a break out is inevitable. The break out could easily challenge the all time high or even double the price! We just don't have enough information yet. In case price goes the other way, we could just set our stops below the "cup".

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The price of XRP has jumped dramatically, but it's not done yet! XRP has just completed a leading diagonal, and after a very short correction (which may already be done), the price will start shooting up again. The first target is $3.50, which is just over the previous high since minor wave 5 (black numbers) should exceed minor wave 3. The second target is $4.20,...

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Dash broke out of a giant falling wedge so the price should increase. Right now, Dash is stalling, but that won't last long.

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IOTA is forming a bullish ascending triangle and a symmetrical triangle on the RSI. These triangle indicate that a big price move is happening soon. Almost every other cryptocurrency has exploded, and now it's IOTA's turn. Also, due to the same reason, we know that the triangle will break upwards instead of breaking downwards.

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When looking at some of the smaller altcoins, we can look at the /btc and the /eth chart to supplement our technical analysis. When we see bullishness on the /btc or the /eth chart and the /usd chart, we know that the breakout is much more likely and have more confirmations on our analysis. Looking at the etc/eth pair, we see that the price is forming a falling...

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I've counted the Elliott waves, and I have only spotted 3 completed waves so far. That means that ZEC should experience some more correction in wave 4 before exploding up again. ZEC already completed subwaves A (12345 impulse) and B (abcde rising wedge). Wave C should start soon, and should be a downwards 12345 impulse. Of course, there is a possibility of further...

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NEO has formed a symmetrical triangle, which could be the end of the corrective wave. If the price breaks out of it, Neo could reach $130 with a 1 to 1 Extension of wave 1. If the price breaks below the triangle, we can expect longer corrections.

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BTG is currently forming a ascending triangle. If the pattern completes and BTG touches the upper resistance line, BTG could reach prices of $340! However, BTG has to first breach the $260-$266 resistance level, which BTG failed to break through 3 times. If BTG fails to breach the level, BTG's price will still likely to go up eventually but may take some time.

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EOS just is currently forming an extremely bullish ascending triangle. If the pattern completes, EOS could reach prices of $12 or more! According to the Elliott Wave count, EOS just completed wave 4 and is about to start another impulse wave up. Wave 4 was a 3-3-5 running flat ABC correction, and wave 3 happened to form a downward parallel channel (a.k.a bull flag...

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The price of Bitcoin has increased almost 50% in the last week. The price has simply gone up too much too quickly and is due for a short correction before continuing. The RSI is overbrought (I made a typo in the chart; it's overbrought, not oversold), and the MACD is showing bearish divergence. The histogram is declining while the prices are increasing. That means...

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1st Blood (1ST) has formed a huuuge falling wedge, which means that it is losing selling momentum and will likely bounce back a bit. By using the length of the opening of the wedge to determine how much the price of rise, we get a target 53k satoshis! That is almost a 400% increase! 1ST is unlikely to wait any under since we already seen the first impulse wave and...

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Zec is forming a cup and handle, which is an extremely bullish pattern. The volume supports the pattern; the center of the cup has low volume while the sides of high volume. In addition, the handle is in the shape of a falling wedge, another bullish pattern. All these bullish patterns indicate ZEC is about to explode.

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LTC just completed an 3-3-5 flat correction where the correction process actually brought a new high! However, the correction process is now over and the all time high is about to be broken again. In fact, LTC just finished subwaves 1 and 2, and is about to undergo subwave 3, which is usually the strongest subwave. The volume confirms our wave count since there...

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ETH just broke out of a bull flag and is forming a rising wedge. This could be an opportunity to day trade.

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We see a falling wedge on Verge, which happens to be the correction wave after the impulse. That means we should start impulsing soon after the falling wedge breaks.