Not much to say. Chart says it all.
Verge is a somewhat problematic crypto. There is a lot of FUD towards it and people behind it don't seem to care about deadlines. Leaving that aside and admitting that market has absorbed all of this, this is my view about it. XVGBTC had a nice run at the end of 2017 but this year has been a sh*t show. It didn't break the first pennant, failing it and broke down....
This is just an update about TRXBTC and my view about it. Here we've got a major growth channel (yellow lines) and a minor decay channel (white lines) - the thing is: we are inside both. I've applied fan lines where its channel lines origin (zoom out and you can see it) to see the speedlines. That's how it goes: if the 1/2 uptrend fan speedline have been broken,...
** If you haven't seen my last TA of VENBTC, please do ** My target of VENBTC was 64480 satoshis and guess what? It was hit! And now what's next for this promising coin? I'm liking these fans analysis, it seems to predict alright. On top of that, we are in a pretty nice Elliot Impulse Wave and if you look closely, the end of wave 3 was almost on top of 1/2 fan...
NEO has shown a massive pump, going up +600% since mid-december, a bit more than 1 month. However, it has already shown its same growth a while back. My guts says it is repeating patterns and it will drop a bit to correct any time soon. If it doesn't now - mostly because of this "Blockchain Revolution" in January 17th - it'll go up at these selected targets at...
First BTCUSD analysis. I've been waiting to do this since everyone is doing it. I always start my TAs drawing resistance and support lines, then trendlines, internal trendlines, speedlines and so on. After this I search for reversal patterns, chart patterns... In this TA you can see how BTCUSD forms a bullish flag and how it finds certain resistance to break...
I'm doing this to a friend @MoneyRight! I've never heard of this cryptocurrency and I have no clue of its background. However I immediately saw this butterfly pattern. Yes, I know its numbers don't add up, but thats the way I think it'll go. This cypher is complete and after this rectangle consolidation phase, it will probably go up til 1/2 speedline. This...
VENBTC is inside a not-so-nice symmetrical triangle which means it will probably pop to 64480 satoshis in this quarter (VeChain is also going through rebranding so this can lead to a pump). I traced a parallel line of the triangle to measure the target as well as the 1.618 fibonacci level (which coincides). Not only that, look at the volume diminishing as the...
Here it is whats going to happen to TRXBTC. I was actually about right in my previous TA about this coin and now I can say that this pattern is about to repeat itself. It's the 5th Elliot wave and inside of it there's going to be ups and downs just like the 3rd wave. The pennant broke yesterday and it has already began spiking. As theory goes, as I said in the...
SUB can be analysed two ways. 1. Drawing trendlines, seeing its growth channel and drop conclusions in light of it. - long-term; - the green triangle is out of it, but why? - maybe it will drop and form the red triangle? - one thing is certain - their project is real and it's good. so my bet is to go up. 2. Seeing it as a bullish flag. Signs: - volume...
Things aren't going as we planned eh? It broke the 455 satoshis support and it's looking pretty bad. So I've got a new analysis for TRXBTC (I'm planning to do a TRXUSD as well). This time I was a little more conservative drawing the major trendline. In addition, I draw another trendline - a internal one (which is based on the mid highs and mid lows) - and it is...
Well, in my previous analysis of TRX I said it would hit 455 and then go up. It will but in a long term because of the recent FUD towards its whitepaper and so on. I actually copied-paste the same pattern in the 3th Elliot wave (another Elliot inside of it) into my preview for the 5th wave thats incoming. Targets are in the chart! :)
TRX will drop to 455 sats and then rebounce to around 2500 sats... Also, volume is going up these past few days and MACD is turning around, watch it closely. If the support red line breaks, it goes way down, probably to its 200 sats inicial value. This is the time to buy in or sell out.
If it breaks the support line with wave 4 this TA doesn't apply. Substratum is about to launch its platform as well, might agitate the market.