Keeping my eyes on what Zen does today and if it will confirm the bullish pennant and reach resistance at .0045
It's what happens around times like this after you've been dragged like a rag doll by BTC. When he leaves the room for a while, many Alts, previously relegated to major lows, will form the vaunted cup and handle.
Seems like a Falling Wedge coming from an upwards pole. Nice entry over here for some big bull gains
Following the BAT nicely, BTC should hit the 5451 Trend line support, possibly even the 5373 as well. Either way, we will see a big pop before the Oct 25 BTC Gold fomo. You know what happens after that though? BTC drop and Altcoin season :), so make sure you buy those Alts at the right time. Not a bad time for a quick ETH short as well.
Bitcoin 4 hour chart - we just had an Ichimoku TK cross over. A break of support and the cloud might mean a continuation of a past trend. The landing zone area is colored. Short term bearish, long term btcish :)
Looking at that sweet spot ellipse where Upper and Lower Gann Fan levels and major historic support line converge. Of course it's up to King BTC and I've charted that as well,
Following the gann fan 1/1 and my support lines. Look for a drop into the 3600's. Sister ETH dropping even harder following the king down. China ico and crypto news not helping either. New money must be wondering why they just eneterd
Everything pointing down, but how far until it's a buy again? Support lines are yellow dotted which is where we have to look for the lows.
Nav had a great day yesterday and has retraced following btc drop. Trend is still bullish and upper and lower gann fans show a move into .003 - .0034 area.
Elastic continues forming an overall cup to its ultimate retrace to .00025. On a short term scale it also seems to be forming a c&h, RSI is on the way down so I expect downward along the gann fan 3/1 until buyers come back to travel through the 4/1. The thin ichimoku cloud might spell more downward action as it either passes through or jeeps rising above it....
The last Strat chart I posted I expected Strat to make a move, but it continued it's bottom feeding. Now it looks like we finally are primed for action! I drew a trend line from the top of the June high and overlayed a Gann fan and wouldn't you know it, MATH MAGIC! The Gann 3-1 line is exactly overlayed on the trend line. Adding Fib retracement you can see how...
While there's a lot of room for Ubiq to retrace upwards back to .0009734 it is on a beautiful incline, forming a cup and TD says another couple of candles here to go. You can see all the historic support/resistance lines and how Ubiq is a good soldier following them like a group of fire ants. Makes me kind of antsy for it to get on with it already, although...
Can you hear it? It's getting louder with the crescendo coming soon. Musicoin getting ready for the break at .00001509, but it still has a few verses to go before we hear that. Look for the hard-to-break support line at .00001293. We'll be out of the gann fan pattern by then and that's when you'll hear the cowbells. AO, RSI and MACD all say it's a go on the...
With the rumors of a possible Monaco Visa Card, we're seeing a steady rise for $MCO. Next stop up is .00348421. Hopped aboard before this token shoots right past it's ATH. Life's a beach when you're holding Monaco.
Vericoin has so much room to grow and is on a nice path up. I'm guessing at least back to 7500 soon after the last dip
Long 1W outlook with a sudden change. Positive outlook
There's some resistance so we'll need a break above the upper trend angle. Decision time soon as it crosses gann fan 3-1. Stratis has been in a slow crawl at its bottom edges for sometime but let's see if it got legs.