robkarels

robkarels

The yellow targets are caculated using both Fibonacci retracements and extensions, technical chart patterns and past support/resistance lines. The right chart shows the weekly cup and handle on a logarthmic scale, resulting in more emphasis on extreme (low) values. Due to the logarithmic nature, the targets should be taken with a grain of salt, but could provide...

robkarels

BTC has not broken out yet on supported volume from the falling wedge pattern that I discussed earlier. This symmetrical triangle is another scenario for a long trade opportunity. Entry at 60000 SL: 57700 TP: 66900

robkarels

Although BTC still has room for more correction downwards (56000-57000, 52500), a falling wedge appeared on the 2H and 4H timeframes. I'm anticipating a short-term bounce as momentum indicates so. This specific trade is too risky for my apetite, but using a tight stop or a aiming for lower targets would be fine. NFA

robkarels Updated 

XRP has created a higher high, higher low structure on the daily timeframe since its drop around the 20th of september. This trade can be taken with good risk-reward ratio, take profit along the way. The breakout is due to a symmetrical triangle along with an inverse head and shoulder pattern on the daily timeframe. Long term momentum indicators suggest...

robkarels Updated 

Doge has broken out and retest the symmetrical triangle on volume. Both MACD and RSI suggest further uptrend continuation on higher timeframes. TP1: 0.261 TP2: 0.293 TP3: 0.341 SL: 0.212

robkarels Updated 

The expected volume breakout has not happened yet, the previous idea was invalidated as a result of a fake-out. We are still in the symmetrical triangle. The probability of an upwards breakout is larger, as BTC and other large cap alts have been pumping while Cardano, among others, has remained stagnant. I'm anticipating a mini altseason starting now, in to the...

robkarels Updated 

ADA (Cardano) has just performed a spot-on retest, preceded by a breakout of the symmetrical triangle on volume. TP1: 2.299 TP2: 2.40 TP3: 2.49 TP4: 2.58 SL: 2.06 NFA

robkarels

HBAR has been ranging for quiet a while inside this ascending triangle formation with reduced volume. Breaking the .41 mark on volume or a daily close above this level, would suggest uptrend continuation. TP1: 0.504 TP2: 0.529 TP3 0.551 TP3: 0.605 SL: 0.351 NFA

robkarels

EGLD has responded to the recent surge in BTC price action, correcting the EGLD/BTC pairing. A ascending triangle formed on the 4H-8H timeframe with volume support. A daily close above 258 would suggest further uptrend continuation. TP1: 331 TP2: 355 TP3: 450 TP4: 620 TP5: 680 I could see a continuation up to 1100 dollars. That is only if BTC continues its...

robkarels

Comparing ALTPERP with BTCPERP gives a somewhat similar chart as the BTC.D chart. At daily timeframes, it seems as if altcoins have botomed against their BTC pairing (looking at momentum and strength indicators). I am expecting a small altcoin season as of right now that will last till early (4-9th) November. After that, Bitcoin will surge and make a blow-off top,...

robkarels Updated 

BTC has been rising rather quickly in the first half of October. As we are running in to multiple resistance lines, I would consider taking profits before a pullback to 54700, 54150 and 53800. For the close of this month, I'm still expecting a strong rebound in the last week, closing above 63000 would slingshot the price action in to November.