brentonyoung

brentonyoung

2018 is off to an interesting start. Trump has been in office for more than a year, 2/5 saw the most bearish performance in the history of the S&P in one day, and Janet Yellen's term as Chair-person of the Federal Reserve has come to an end. The philosophical economic theory portrays recession wave cycles to happen every 7-8 years, but there has not been a notable...

brentonyoung

USDCNH broke its bearish trendline on the 4hr and is very much oversold from the end of the summer until now. the PRC has been accused on tampering with the value of their currency and will want to keep their monetary system cheap and competitive. for offshore RMB to devalue, we have to see a bull run on this pair since CNH is the base

brentonyoung

NEO has been a sleep under dog since the beginning of December but cine 12/1/17 it has quadrupled in price from the 30's to the 120's. I believe NEO will have an amazing year as the industry sees more ICOs coming out of China under NEO's blockchain System. It is difficult to do a technical analysis on coin that have nowhere to go but up. If Neo stays in the same...

brentonyoung

Ethereum set a new ATH from a sharp rally, the market is very volatile as the rise of transactions and fees on the Ethereum Network are starting to creep up on the community. When Markets have a sharp bullish rally, it is usually followed by a small sharp decline to produce a lower high and support level. If Ethereum has a small sharp decline, then it's another...

brentonyoung

Litecoin had a stronger retracement than expected from the previous mark up (no one will be perfect on every TA mark up). Now price is in a strong level around 0.618-0.707. wicks are seen on the 4hr, but on the 1 hr they are strong candles. overall, It does look to be a big bullish flag pattern but in the smaller patterns we are seeing signals for a breakout...

brentonyoung

DASH is one of the most stable markets I've seen according to the Technicals. Since its ATH it has been mingling in this zone for almost a month. only small upside I see for a Bullish Rally is the light green bull trend line, this is showing slow and steady long term growth for the long run, but it is difficult to see the next close rally with the small amount of...

brentonyoung

BTC hit the resistance level and started following a bearish trend line. BTC dropped even more to the the Fibonacci Sweet Spot between 0.382-0.618 and has been tangoing on another minor support line. the 1.618 would have BTC near its ATH, but needs to break through a bullish trend line and resistance zone. If the two predictable outcomes happen, then we're looking...

brentonyoung

The Latest bull Rally from Litecoin formed a near beautiful ABCD pattern then slowed momentum down at previous resistance. Now we are seeing a bullish Elliot Wave appear, possible could break through this resistance level to get back to the ATH from before. Litecoin is in for a very bullish year in 2018

brentonyoung

ETH made a new high at $1005 USD breaking previous resistance. Probable Drawback to the Fibonacci Retracement sweet spot which is the new level of support from old resistance to make a lower high. No big news standing out for ETH accept for the Casper Proof of Stake protocol, but follow transaction volumes in relation to future price

brentonyoung

Litecoin broke resistance and just completed the ABCD Harmonic Pattern with a nice 0.618 to 1.618 wave through previous support. Very likely old resistance becomes new support and we could see more small retracements in this bullish wave.