Full disclosure, I started this chart looking for how far BTC is likely to fall. My gut tells me a bear market is coming. The pattern I found, however, seems to indicate we may be ready for another rise over the next month or two into the $30-$36k range. I'll be interested to see if this pattern plays out.
IOTA recently jumped up on news-that-may-not-have-been-real-news. That doesn't mean, however, that it's about to die. There is some strong resistance it's bumping up against right now, (black line) but what fascinates me is the support. If it continues to fall in a descending channel(green support line), I believe we'll see a price jump at some point in the...
Perhaps Crypto Kitties and network congestion is the reason Ether hasn't made and held the same gains in the last few days as BTC and LTC. And if that's the case, failure to solve the congestion problem could be the thing that prevents this from coming true. If, however, investors see ETH as slightly undervalued compared to it's peers, I think it's reasonable to...
Looking to see if IOTA has found support ~$1. If so, we may see it bounce around in an ascending channel for a bit. Will be looking to see if this support line is real or not, then will be watching for a breakout. It looks like we've had some accumulation and after big news yesterday-- and a little profit taking today-- we might be poised for a rise.
This is a relatively rapid chart so I could easily be proven wrong. It appears to me we have a bearish flag pattern forming. If this pattern holds, I expect we'll see a dip below $400 by dinner, possibly as low as $360. Today. I'll be watching the candles closely to see if this pattern continues.
With the crypto markets seeming to defy gravity lately, I'm watching LTC closely. If we continue in this upward trend, we're about to find a major support line--at least in the near term. If, however, this $102-$104 price range turns into resistance, I expect to see a correction back to the $85ish dollar range-- which is, by the way, still above closing price...
Following these patterns I see a little rise before a downward break. Next buying opportunity between 7k and 7.2k I suspect. If it breaks support we could see a significant retraction. This is what I would expect, however, crypto seems to defy gravity sometimes. We could see another double hump, we could see it break up, we could see it plummet. Only time...