shubbs

shubbs

Litecoin has displayed a beautiful Adam and Eve pattern the past almost three years. With a neckline at $145 and a double bottom near $25, the difference is $120. Add $120 to the neckline price of $145 and you get a target breakout price of $270 the next few months.

shubbs

Ripple (XRP) got slammed this week by an SEC lawsuit claiming it's a security. All the short term holders who want to cash in on what little profit they had left have now sold, leaving the market to longer term believers in the coin. Coinbase has just been approved to list securities so it doesn't matter if the SEC wins the lawsuit or not. Coinbase will NOT...

shubbs

Bitcoin has broken the bullish descending wedge to the upside and backtested the resistance line as support. The Elliot Wave ABC correction is now finished with all subwaves completed. There should now be a bullish pre-holidays rally that will progress through the end of this month and in to the new year at least IMO.

shubbs

Ethereum on the 4 hour chart is in a cup and handle formation. I am calling the neckline $620 with the bottom of the cup $480. The target is then $620 - $480 = $140; $140 + $620 = $760. The target will most likely be reached after the neckline is definitively broken.

shubbs

Litecoin is in a cup and handle formation on the 4 hour chart. I am calling the neckline at $92 with the bottom of the cup at $64. The target is then $92-$64 = $28 + $92 = $120. When the neckline is definitively broken, then LTC will go up to its target.

shubbs

On the daily Bitcoin chart, BTC formed a cup when it went down to $16200 and returned to near $20K breaking the ATH on Coinbase. It is now forming a handle with the recent dip near $18K. I will take the neckline at $19600; target would be $19600-$16200 = $3400 + $19600 = $23000 for a target once the neckline is definitively broken.

shubbs

Bitcoin hit $19469 yesterday, dipped to $18641 earlier today, and reached $19500 an hour ago before dipping again. It looks like a small cup and maybe a handle is forming now. Resolution of the cup and handle target would be $19500 - $18461 = $1039 + $19500 = $20539. Time will tell if this pattern develops to the target.

shubbs

Litecoin broke its long term downtrend line in March 2017. It had explosive growth in price after this until it topped on Dec 19, 2017 at $370.78. End of month prices were as follows (Bitfinex prices): Feb 2017 $3.81 Mar 2017 $7.13 87.3% Apr 2017 $16.84 136.2% May 2017 $24.78 47.1% Jun 2017 $38.83 56.7% Jul 2017 $42.11 8.4% Aug 2017 $72.69 ...

shubbs

Minuette wave (iii) ended at $15977; it's move from $13530 to $15977 was a $2447 move. Minuette wave (iv) could end at $15035 which is the 38.2% Fib retrace of the minuette wave (ii) to (iii) move; $15301 was reached as a low so far over night. If minuette wave (iv) ends at $15035, then minuette wave (v) should not exceed (iii)'s $2447 move unless it's an...

shubbs

Here's where Bitcoin might be headed if gains from Nov 2016-Nov 2017 are replicated: 10/31/20 $13818 11/30/20 $14730 6.6% 12/31/20 $19311 31.1% 1/31/21 $19234 -0.4% 2/28/21 $23696 23.2% 3/31/21 $21587 -8.9% 4/30/21 $27437 27.1% 5/31/21 $45655 66.4% 6/30/21 $48669 6.6% 7/31/21 $56650 16.4% 8/31/21 $94096 66.1% 9/30/20 $86098 -8.5% 10/31/21 ...

shubbs

BTC is in an ascending triangle now. The target of this one is $14000. You say so what? It's important because that target will break the June 2019 high of $13868 and the Dec 2017 monthly close of 13863. There is not much resistance to $20000 once this target is met.

shubbs

Examining the weekly chart there are dates where the weekly chart of Litecoin is equivalent in this bull cycle as the last bull cycle in 2015-17: 1. Bear market bottom: 1/12/15, 4/6/15 compares to 12/3/18 2. LTC pre-halving high: 7/16/15 compares to 6/17/19 3. LTC post-halving low: 3/14/16 compares to 12/16/19 4. BTC pre-halving high: 6/13/16 compares to...

shubbs

In Oct 2011 it took 1043 Bitcoins to buy the NASDAQ index. Today only 1 Bitcoin will buy the NASDAQ. Has Bitcoin outperformed tech stocks in the last 9 years? Answer: A resounding YES!!

shubbs

Litecoin on a monthly chart has definite support and resistance lines long term. The resistance through the Nov 2013 $55 high and the Dec 2017 $370 high leads to a $2500 top in Dec 2021 to a $4000 top in Dec 2022. This would correspond to Bitcoin at $140,000 in Dec 2021 and $220,000 in Dec 2022. Notice the green accumulation areas in 2014-16 and 2018-20. ...

shubbs

4/4/11 Bitcoin found support at the 21 wma at $0.58. A bull parabolic run then started. Two months later the BLX rose to $31.90 at the top of the bitcoin log growth curves, up 55 fold. 2/13/12 Bitcoin found support at the 21 wma at $3.90. A bull parabolic run then started. 21 months later BLX rose to $1177 at the top of the bitcoin log growth curves, up 301...

shubbs

Bitcoin has been in an uptrend since the $10100 low formed with support at the 21 wma. It looks like it's in an ascending triangle now. A break of resistance at $10800 should lead to a $11160 target. I'm expecting to see the 21 wma to act as support from now on after providing support at both $9800 and $10100.

shubbs

BTC looks like it has completed minor wave 2 and is beginning a very bullish minor wave 3. On the daily chart, today's move looks like a bullish reversal candle. On the weekly it looks like the 20 wma has provided support at $10100 just like it did at $9800. The 20 wma IMO is the most significant indicator of support in a Bitcoin bull market.

shubbs

Uniswap blasted from $4 to over $8 yesterday after Coinbase and Binance listed it. The 5 wave impulsive move has been followed by a 3 wave ABC correction that may have just completed at the 0.618 Fib retrace of the 5 wave impulse at about $5.23. If wave 3 equals wave 1 (and it should or be more), then UNI should gain about $5.50 and be near $11 in the next few days.