serekamina

serekamina

LTC has just broken a major downtrend line on the Binance chart, and it looks like Bitfinex is right on its heels. At low fibonacci levels, LTC has a lot of headroom to run compared to BTC and ETH. ETH is still looking great, though it has been running ahead of the pack for some time so we can expect profits will be taken soon, as it has reached higher fib levels...

serekamina

The setup is clear, will the buyers step in? We'll have to see.

serekamina

LTC has been lagging and ETH just started slowing down. History often repeats; time for some massive catchup.

serekamina

The drop from the Bearish Gartley BTC just had was caught quickly by the bulls, and although there are a few bearish indicators, such as the MACD on the 1D, overall BTC is still showing more bullish than bearish signs. Bulls have repeatedly held price above the 50% line inside the large consolidation pattern it is in, and just broke upward out of a smaller...

serekamina

If BTC does cool its jets and pull back soon, we can still look to the 8.3-8.6k region for strong fib/price structure support and a continuation of the Adam & Eve pattern upward. However if it maintains its current momentum and the bulls defend all sell-offs, BTC is looking at 10k and higher sooner than later. Either way, always good to keep probable scenarios in...

serekamina

Could be a good idea to lock in some profits just in case BTC has a deep correction. The .774 across the top is very close to an exact .786 for a Bearish Gartley setup. Adam & Eve should still be in play even this correction.

serekamina

BTC Microanalysis: "Forest for the trees but the trees still make the forest." After a good consolidation and pump, bulls are giving up the momentum a little too early by failing the 5th-wave breakout on smaller time frames, taking all 5 wave attempts just to reach the 141 extension. Normal follow through after a consolidation/pump will typically reach the 161 by...

serekamina

Finally, we got the pullback we've been waiting for: the first true test of the bull's strength after the massive rally we just saw from 6.5-9.7k. The results are in: on the 1D we barely dipped before seeing a consolidation and pump back up through 9k, which is currently holding very well. We can see that the retracement was halted and bought up at a key support...

serekamina

So far BTC has seen a massive rally from its double bottom; along the way my analysis has been cautiously bullish, with bearish correction possibilities in mind at specific levels. Since we are fresh out of a steep bear market, the first major bull rally is more of a time to gauge how much strength the market's recovering and how fast, rather than getting full-on...

serekamina

Holding above the 50 fib and maintaining uptrend line into ascending triangle formation; bullish. Get ready for one more leg up.

serekamina

Bears have failed multiple times to drop BTC 0.95% , even after it broke out of the large rising wedge on higher timeframes, which is a highly bullish signal. Market cap has increased to 400 billion and bulls are persistently pushing to complete the 5th wave. If we take fibs from the first wave's initial large pump, we see that we hit the 127 extension, then...

serekamina

BTC just attempted a corrective dump after a double top near strong resistance up at 9k, and recovered surprisingly fast. The dump didn't even make it down to the common 236 fib before receiving a strong bounce on the 382 above it, and then clearing over the 618. The 15m RSI didn't even touch the 30 line during the dump, let alone the 30m RSI. This has the signs...

serekamina

Major resistance met after a straight shot up. A pullback to retest the log line for the first time and inverse head n shoulders would be healthy. Still, BTC remains climbing and could keep pressing higher, though a Leaning Tower of Pisa might not recover as well compared to the scenario above once it finally gets it first true correction. Either way, it's always...

serekamina

BTC has had a good run, but looks to be slowing its roll up here near a big 786 fib (the strongest correction fib), the downtrend line on the log, and the 200-day EMA right above it. BTC has reached for these three resistance levels on a somewhat overstretched run absent a true pullback so far to cool off RSI levels and form a much needed elliott wave down on...

serekamina

Bulls defending all dumps, now to attack that downtrend line on the log once and for all

serekamina

BTC was looking for a nice wedge consolidation and breakout to the upside, but bulls overextended the price up out of the wedge a little too soon, cancelling the high tension accumulating within it. Without enough buyer confidence to follow through on the early breakout, a 3-wick rejection has occurred so far. Since the consolidation tension was released too...

serekamina

High chance of an inverse head & shoulders pattern coming into play for the bulls one way or another soon.

serekamina

All eyes on the multiple-support zone in the upper 7400's.