lonestar108

lonestar108 Updated 

Because it's always fun to try and predict the future, going to try and predict the future of my new favorite cryptocurrency, zcash, looking at the weekly ZECBTC chart - and maybe that will give you some indication as to why I'm so hot on this right now. This is the ZECBTC version of this chart idea, i've also attached the the ZECUSD version showing what I see...

lonestar108

This is the USD version of the zcash chart and I'm going to keep this one short and sweet. Go read the commentary in the linked chart for a narrative of what I see in the future for Z-Cash. The long and short of it is, on the weekly we can see a cup and handle formation which is in the process now of breaking out to the upside. We are likely to form a flag here...

lonestar108 Updated 

If you trade against BTC instead of USD pairs, then 0.004 on LTCBTC is a critical level worth watching at the moment. This formation shows Bitcoin leading with repeated rallies in price - those are the LTC drops - followed by surges in Litecoin price when 0.004 is breached. The result - very nice, very tradeable sawtooth, if you already own LTC and BTC .. set an...

lonestar108 Updated 

I really don't have a ton of time to write something up, so I'm just gonna cut to the chase. Z-cash is the most undervalued cryptocurrency on the market, bar-none. Full-stop. If you don't believe me, then ask the Winklevoss brothers what they think. Go check their Twitter. I put 90% if my wealth into Z-Cash at $63. Z-Cash is going to $1,500 and that's just the...

lonestar108

Have you heard of Syscoin? Syscoin, launched back in 2015, is a fast OG coin built on a Bitcoin codebase with a lot of nitro powered extras. Syscoin features a asset creation platform that allows anyone to create tokens just like on Ethereum, except much cheaper. Syscoin also features a novel zero compromise acceptance mechanism that more or less guarantees that...

lonestar108 Updated 

Wow I just spent 20 minutes writing out about how price harmonics are the effect of human psychology, and even with a asset like Bitcoin that has a limited quantity available for purchase, you will still see human psychology at work as people begin to think it's too expensive, newbies get scared that they bought at $39k, people need money for 1 million different...

lonestar108

Here's a potential opportunity to stack some BTC regardless of where the price is USD-wise. This chart shows a bullish XABCD pattern on the 1 hour for LTCBTC - this means LTC is cheap relative to bitcoin at the moment. The way to play this trade is to exchange your BTC for LTC here - close your trade by exchanging the LTC back to Bitcoin. Happy trading!

lonestar108

I hate to be the bearish guy, but if this formation does in fact complete with a rejection at the red level (left shoulder level) or worse, orange (right shoulder level) we could be looking at a trend reversal and lower prices for the rest of the year. I'm not bullish until I see ATH broken here.

lonestar108

Inverse H&S, target 395

lonestar108

Possible H&S after breakdown from 405 to 397. Close above 404 near the right shoulder line invalidates the pattern and presents a more bullish scenario.

lonestar108

Both recent drops resulted in a multi-day consolidation period with another move UP. If this pattern repeats itself, we are likely to range here between $375-$400 for over a week before going back up. Daily close under the lower red line would invalidate this setup.

lonestar108

This isn't a parabolic move, just a movement up to paint the same bullish correction that's been expressing itself in the price for days now. My target gives me 411ish on Thanksgiving. Excellent