Some thoughts on LTC, as a sustained long term ALT, which is often claimed to be a directional crypto market leader. The logarithmic chart looks like having a huge unreasonable technical gap area, opened by 2017 spring to top price finding, to now be filled by fear, panic and the expectation of a round market cycle. Lets get some tags for playing potential...
DOGE seems not to be tangible on any of the typical chart analysis tools - triangles, channels, horizontal supports & resistances and all you learn in your dirty hell boring old text book! It is however reactive AF ! You also can not put DOGE on the short term - Highly swinging, no supports other than the zero - That f*ck of a f*ckin' indian jungle fly ...
As noted in my previous IOTUSD analysis on the 4H IOT (IOTA) liberating from BTC , the downtrend resistance (further solid green bold) acted very strong in the latest price follow through. A boring side move-out of that resistance from Apr-02 to Apr-12, though luckily confirmed as support at Apr-04, while sametime stealth-like playing under the 100% retracement,...
Additional to my related linear trend analysis (see ), we can see IOTA also acting strongly along macro logarithmic downtrend channels, where an upbreak into the next level seems due.
After retesting the fib 100% retracement IOTA cautiously seems to confirm a bottom at $1 . Obervations adding credence are: - volume picking up at the full retrace retest - IOTA acting as the seemingly only exception in all over cryptos BTCUSD price correlation > uncoupling contrariwise since several days / missing out the March 16-17 down extension of...
Like the previous OMGUSD channel from my analysis begin of March following up played out perfectly (see ), we can see OMG now opening a new channel in a sideways progressing. Thus I'm keeping the exact same downtrend channels on the linear 4h (purple dashed) extended to the right, while further fully capturing the last channel. Resistances to keep an eye...
If you're currently lost in all over #crypto by everywhere predictions of H&S, invertedH&S and confirmation or not, just try viewing in channels. In example of OmiseGo (OMGUSD) on the 4H advance
As noted in the previous example on OmiseGo OMGUSD ( ) also on XRPUSD we can find some nice alternatives to current #crypto's "H&S-only" focusing - View the macro in channels.
BTCUSD is potentially building an inverted H&S pattern Stops to watch out for at: a - 9500 direct shot (aligned with SEPT-NOV lows trend - red dotted) b - 7800 correction c - neckline retest + confirmation ? d - technical H&S target 12300 c - failure here (aligned with Dec-17 and Jan-6 downtrend - bold blue) e - bear market
BTCUSD on the 4H is about to invalidate an apparent huge bear pennant (blue) with a massive down taget in the $5000s. To be maintained formations are: Bearish: - Bear flag (turquoise dashed) with rejection target at $18000 -> resulting bear target in the $9000s - Two month uptrend median (purple dotted) rejection -> possible further pennant building ...
Ripple faked us out 3 times after another since this summer But don't lose trust! XRP has times to come Yesterday's (2017-11-16) American Express announcement has value: www.cryptocoinsnews.com Basically it said XRP as a currency/vehicle was noch (yet) integrated, rather than "adopting" Ripple at the moment What we see from here: - Ripple gains value slowly but...
BTC on the daily (D) macro logarithmic with parabolic trend What we saw in the most recent move was an unprecedented bullish exit move of +45% out of a parabolic trend ! =BUYTHENEWS - CME/CBOE futures With the also unprecedented first time implementation of futures into crypto market itself it is entirely possible we could see a -45% mirror of this move...
On the BTCUSD daily macro (D) over the last year, we can see specific repetition on the Fibonacci extensions 1) After each of the 3 major ATHs (3k - 5k - 8k), we see: (left aligned & colored fibs) a) Fib 50% down correction b) Fib 200% up correction = next new ATH> 100% 2) Aligning last ATH> (8k) 200% extension with new 100% postulation, we see: (right...
Ethereum finally refills the long expected gap from $200-$400 - Resistance at $400 is very strong, as two times in its lifetime rejected violently BULL targets differing on the meaning of significance: - TECHNICAL (May/June follow up) = $700 - PSYCHOLOGICAL (all time follow) = $800 (200% fib) (The width of the target bars shall not be seen as time periods to...
- NOV-14 - NOV 16 bull move played out $1500 ($6500 - $8000) - Technical repetition is $9250 = target of yesterday's confirmed pennant from $7750 - Target = touch of the upper parabolic channel limit (black)! If THIS plays out, be aware! > significant break through $9250 right the way and a 1h-4h close above it will directly bring us dangerously into...
BCHUSD finds consolidation in the lower 1000's MACD + RSI sloping down since breakout correction - bulls stength weakening! BULL scenario (less likely): Technical bull pennant would send us to the 127% fib target / 3400 Unlikely scenario of ~20/80 in the current crypto market, where #BTC shows strength + alts on distribution with bull tendency BEAR targets: -...
- EOS seemed bottomed long at the issuing price of $0.50 - And apparently one of the few alts performing green in the shadow of the market's single focus on BTC - Next smaller bullish setup about to confirm, which would break two major resistances at once - From there, see next 2/2 EOS on the macro...