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Made a bit of a projection earlier today, as bitcoin was touching on that blue line at the 32% retrace, and it seems to be happening, so let's just share; bitcoin is correcting! Two scenarios I think might happen; a retrace to the bottom in it's current channel, or it breaks the channel and falls back to an older channel. Arrows tell the tale. Let's see what happens!

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I find btc very tricky nowadays, with the incredible influx of fresh cash! Still, we just saw some correction. Personally I believe we will see more. Corrections often come in two waves, and we just saw one. If we go down, I believe it might take us as far as 6500 (a fibonacci retrace of 68.2% since last correction), but based on the current flag, it might also be...

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Bitcoin is going like crazy. It was in quite the strong rising channel all year, but in October it stepped things up a bit! It formed an even steeper channel in which it is currently trading. This morning it hit the 8050 euro at Kraken, and currently seems to be pushing against the top of it's channel. Other than this channel, there are no real indicators to think...

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I'm holding LTC, so I'm happy to see the current rise, but I'm a bit worried about the current pattern forming. The rising trading range seems to be narrowing, forming a rising wedge. This can be a sign of buyers exhausting themselves against stronger sellers. Eventually such rising wedge will fail and prices will drop. Best case scenario's for those going long is...

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ETH broke out of a huge pennant/triangle and started climbing. Currently it's consolidating around it's former height of ~350, but the consolidation pattern is a small triangle that might indicate further growth. Could be as much as the growth towards this point, which would take it up to about 390. I think the most likely scenario is for it to eventually end up...

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Looks like ETH might be breaking out of the massive wedge it had been oscillating within for months! If this happens, it opens up growth up to 520,-! Although growth to the 350 height would already be a nice start ;) Let's first see if ETH actually manages a breakout.

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I would like btc to go up - although not to fast; that is always dangerous - but I am suspecting a double top might be forming. Technical indicators possibly show divergence, as the volume in current recovery is not on par with the volume pushing to original climb. I used the 4hr chart here, but the daily chart shows this divergence much stronger even. I suspect...

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I've just been observing ETH for a while now, and there seems to be a massive pennant forming around the 247-267 EUR channel (orange box) for ETH. And it seems to drawing near it's end, so the upcoming week might show a breakout. Both upwards and downwards seem plausible at the moment. If upward, we might see a massive move!