robkarels

robkarels

EGLD is inching closer towards its potential falling wedge breakout. This chart is to be used in confluence with the EGLD/BTC pairing, see below: Target here is around 135 USD. EGLD/BTC at 0.0018, and EGLD at 135, would mean BTC is at 75k, which is totally plausible over the next months, taking in to consideration the FED rate cuts coming in September.

robkarels

EGLD is breaking out against both its BTC pair as well as the USD. The point of confluence aligns with a potential FED rate cut, leading to increased liquidity for risk-on assets. For continuation, we really need a close above 0.001810. Targets in gold on chart. NFA. The zoomed in chart, and the USD pairing look juicy as well.

robkarels

In both the weekly and daily charts, EGLD is approaching significant upward momentum. While many other altcoins have already bullishly retraced to the 0.5 Fibonacci level, EGLD has lagged behind, making its movement more predictable. My current target is the 0.5 Fibonacci level, highlighted in green on the chart. The price is currently supported by multiple strong...

robkarels

The present market structure of EGLD shares similar characteristics with that of a typical Wyckoff Accumulation Phase. The recent capitulation below 30$ would indicate the 'Spring' event, as mentioned in the Wyckoff theory. For the coming months, we can expect support tests on the USD pair, in range of 35-40$. Against BTC, EGLD could see levels below 0.001, as...

robkarels

A break of the previous high is needed to replicate the previous impulse move, measuring to 58.8k. This target coincides with a meaningful resistance level. SL below 36.5kl. NFA.

robkarels

Higher timeframes (W, 3D, D) momentum indicators are showing a potential reversal. In confluence with LTF (4H) breakout, we could be seeing this play out to the 215-235 area. This would set a HL-HH structure, meaning that further upside is due. All depends on king BTC turning bullish. For my take on BTC, check the linked ideas below.

robkarels

The structure on the weekly timeframe is still intact. For further uptrend continuation, price action should break 45.9k (setting a higher high, following the Elliot Wave theory). Furthermore, momentum indicators MACD, WT and MTM indicate a trend reversal to the upside. Also noteworthy is the hidden bullish divergence on the weekly RSI. If 45.9k is broken, we...

robkarels

As shown on the chart, BTC has set a higher low formation. In order to confirm this bullish trend, a higher high should be set (Elliot Wave theory). Current high sits at 45.9, so breaking that level is key for uptrend continuation. Untill proven otherwise, BTC has a bearish bias. NFA.

robkarels

Head and shoulders pattern on the daily timeframe of the AEX index. Be cautious.

robkarels

The Bitcoin price action seems to be ranging between 40700 and 44000 within some sort of falling wedge that includes multiple fake-outs. The lower levels provide a high risk opportunity to place a long, as this is in confluence with strong support levels on higher timeframe (weekly). Always have your stoploss in place, in this case at 39500, to be protected...

robkarels

Bitcoin has invalidated a potential (long term, see ) wave 5 by breaking 53600 on the recent month's dump. Therefore, I will assume a corrective or slight impulse wave upwards, targeting previous resistance to get out of positions (53600-57800). Horizontal S/R is given on the chart, as well as a speculative elliot wave theory. NFA.

robkarels

XRP seems to have broken out of a falling wedge or descending triangle (depends on how it's drawn). This is a longer term play, meaning PT could be reached in months time. Entry: 0.0000165 TP1: 0.00002258 TP2: 0.00002654 TP3: 0.00002984 TP4: 0.00003264 NFA

robkarels

EGLD has retraced to the long term resistance line (2px golden line on the chart) that the price has broken out of as of last month. If it holds, this would indicate a very important support/resistance flip. On lower timeframes (2H, 4H, 8H) the price action seems to have bottomed, while at higher timeframs (3D) there is still not a reversal sign on momentum...

robkarels

The dump has filled the CME gap that has been visible on the Bitcoin price charts as of last weekend. Now it's filled, there is a high chance of trading upwards. Falling below 52.7k would invalidate the market structure and would make me more bearish towards Bitcoin. NFA

robkarels

After the immense surge of Elrond against its dollar and BTC pair, price has been cooling off quite heavily. Momentum indicators, as well as the RSI, suggest a trend reversal is about to begin. This area of support at 0.00666 BTC lines up with the .618 fibonacci retracement (golden pocket entry). Also, fundamentally Elrond is in good shape with its release of...

robkarels

BTC has been dropping like a rock for the past couple of days. Small areas of consolidation have resulted in a the formation of a falling wedge pattern. These patterns tend to break upwards and create trend reversals. If this falling wedge does fail, we are likely to visit the 53k mark due to macro-economic reasons, opex, overleveraged longs and other fud. Up to...

robkarels Updated 

Bitcoin has just broken out of the falling wedge pattern, best visible on the 1H timeframe. This has happened after a consolidation range within a symmetrical triangle, favouring momentum to the bulls. In my view, there are lots of signals pointing towards higher price targets (marked on the chart) that could lead to massive fear of missing out. The 63000-63400...

robkarels

The litecoin chart shows two technical cup and handle patterns on the 12H/8H chart. Both breakout targets are mentioned on the chart. Furthermore, these two targets line up with the 0.5 and 0.618 Fibonacci retracement targets, meaning that these levels will serve as strong resistance. NFA.