The weekly chart is moving to the lower extremity of a long-term lower trend line, but it isn't doing anything it hasn't done repeatedly over the course of many years. BTC is definitely at an inflection point, but it hasn't wicked down to an emergency level. Below $6650? OK, yeah everyone's hands should be shaking -- that's the moment that will separate strong...
This is not an original idea. I applied a fibonacci-level pitchfan to the ICSA chart and found that the ES1 adheres in some interesting ways to the ICSA fan levels. Also, I added a trendline along the ICSA's peaks and noticed that the ES1 chart is currently bouncing between the ICSA's upper trendline and it's upper .382 fib level. I'm not throwing an analysis...
Surprisingly, once again, BTC appears to be attempting to consolidate a new price floor above the previous (Coinbase) ATH of 7988.5. If it's able to do so, it could be looking at a blue sky breakout at a time when a 60% retracement to the downside would seem to be the normally-expected course of events. Hang on kids, it's going to be a bumpy ride!
Having read lots of other analyses, both bullish (straight to 8K!) and bearish, I'm coming out right now as the latter. I'm all about BTC hitting $8K by year's end, but I don't really see it happening. I see it ending the year not far off of where it is right now, and that after a rest. This chart shows a correction within the next seven to nine days as deep at...
LTC appears to be headed for supports below $61, the lower of which might be regarded as $58.87. Plausible entry points are noted in chart. The pattern has been establishing itself for some time now, but if it should break down for some reason, you'd know it by $57.01.
Sometimes it help to take a step back. I'm not sure the long-term rising wedge concept would hold water since lower highs and higher lows are only implied at disparate points as opposed to throughout the wedge, but it's hard not to notice the shape from a wide angle view. I'm also not sure you can use the ideas of the cup and handle or round bottom concept based...
I know the presentation of this chart is ugly and color mottled, but I think it characterizes the messiness of the current situation. I've read several analyses and looked at other people's projected support levels, and still cannot figure how BTC is anywhere above $4415 today. I don't think the sub-$3600 level would be an outlandish call for sometime tomorrow. I...
Has anyone else noticed indicators on charts -- 4 hour or otherwise -- resembling those of Oct. 25? If so, it might kill some of the immediate impending deep-correction theories. This is not a "go long" alert, just a question for analysts using various methods.
I don't know much about Particl, but I've been doing some CoinMarketCap filters to find low circulating supply tokens at lower price levels. Particl stands out not only as one of these, but is doing well enough for the moment to: a) have broken out of a descending channel into a descending triangle that has been showing higher lows (possible bear flag?), and b) to...
See embedded chart notes
I produced a wave model a week or so ago, but chose not to publish it. Although I jumped the gun by easily a week or so, I'm going to go ahead and publish unamended, as I think there's about to be a very solid entry point of 3573 approaching by Thursday at latest -- unless something changes drastically (unlikely, SYNX is basically on the floor) -- whereupon I...
According to this model, peak levels have been reached for this wave and price will descend to a level around 5219 rather then that noted on the chart's callout. The price may continue to rise due to FOMO or any number of other effects, but the model does not extend for those contingencies, in spite of the fact that RSI is down around the 20s and Aroon indicates...
I think we are on the cusp, over the course of the next 5-6 hours, of the thrust that will break the foreshortened H&S theory. I believe the following wave peak exceeds that of the last by several hundred USD, in accordance with the pattern and supported by the supporting Ichimoku cloud accumulation. I do not argue with the need for correction -- that appears to...
I can't quite buy into the skewed H&S breakdown, but see old-man BTC's need for a breather. A pitstop low enough to allow for a repeat of the last pattern would allow for a steady path to 7200 with some reliable volatility for short-term traders. I don't want to jinx hodlers, but I can't help but hope for the return to the 4600 neighborhood.
Earlier I posted a QTUM model fully exptapolating a cloned repro of an Elliott correction extended by a leading 3-drives pattern. I don't think it's going to happen that way again, but I was curious how much earlier wave anomalies affect subsequent wave patterns. This one has a somewhat more conventional correction phase, so I'll let them play out just to see what...
For this chart to be valid, I think we'd have to see another BTG-driven debacle after QTUM's next peak. This one simply cloned the evident 3-drives pattern flowing in to Elliott Correction wave off of the previous peak onto the next pitchfork/Fib-extrapolated Elliott wave peak and tacking the corrective waves on the end of the 2nd 3-drives pattern to yield an ABCD...