thekevin

thekevin Updated 

Providing the bottom of this ascending triangle (bullish set up) holds; some massive gains to the upside are on the horizon. (Longer term data shown in picture below).

thekevin Updated 

Descending wedge (bullish formation) broke out and re-tested the the downtrend line. Looks good for the bulls!

thekevin Updated 

Will it take a nose dive back to the bottom trend line? (The time frame is purely conjecture, simply pointing to the bottom trend line).

thekevin Updated 

Looks like a descending wedge, which is a bullish corrective pattern. Let's see how this plays. May allow for more altcoins to have a party while the BTC wedge concludes.

thekevin Updated 

'Others.d' indicates the dominance of altcoins outside the high caps. If this is currently a bear trap and the bottom trend line is re-taken then expect a bounce towards the top trend line. Irregardless of what happens after that top trend line is hit; this would mean that short/medium term the smaller market cap coins are in for a bullish few months! Remember -...

thekevin Updated 

Finishing up a 5th wave into the green area. I haven't done any time analysis. The green area is merely an idea.

thekevin Updated 

Looks like the end of a 5 wave structure. Bearish daily divergence between the wave 3/5 tops. Resistance off of the 4.618 wave extension. (Further analysis will be added below)

thekevin Updated 

Bottom trend line holding. Bullish divergence. Expect a higher low to be made forming a minor wave 1,2 (or an 'inverse head & shoulders') breaking out of this wedge within the coming week or so.

thekevin

Silver broke bullish out of a descending triangle (normally a bearish set-up) and held the .382 remarkably well. This is a very bullish retrace for a wave 2 as you would expect at least the .618 region. Onwards and upwards!

thekevin

If we assume the whole move up was an impulsive 5 wave structure; the dominance is now currently under the .236 Fibonacci level and the .382 may be next. I have (roughly) taken the height of the bearish descending triangle that broke down and cloned it for a breakdown target. This would also line up with the .382 level. Here I am using the weekly candles. Although...

thekevin Updated 

In my last post about BTC I showed a triangle that was playing out. That triangle may have been drawn too hastily and it broke down. However, I did post updates of the bullish divergences racking up and the lack of velocity to the downside prompting me to believe it was in fact going higher. Classic ascending triangle has been formed, BTC has broken out of said...

thekevin Updated 

So, taking a look at the marketcap of altcoins (without BTC) we can see that this triangle is much closer to it's conclusion than BTC's. Interesting stuff!

thekevin Updated 

Following up my outlook on silver, this furthers my bullish silver bias. The last monthly close has wicked massively from the topside. Either this is a channel that has broke above and bull trapped or (depending on where you draw your trend lines) it could be a broadening wedge. Either way I would see this as bearish for the gold to silver ratio. At the very...

thekevin Updated 

I still have bullish bias on this one! Still expecting the target of the last triangle I posted to be reached (as the height of the triangle hasn't changed since then). Happy to be wrong though. I believe the next break up or down won't be a fake out as the triangle seems to be coming to a conclusion.

thekevin Updated 

Looking at the monthly candles I found an incredibly bullish ascending triangle formation. My preferred outlook is featured in my post before this one. I thought I would post this anyway. Some 'hopium' for the BTC mega bulls, if nothing else!

thekevin

A massive symmetrical triangle has been playing out. This is a neutral chart pattern. Either way (break up or break down) I don't think we will have a decisive break of this triangle this year. I have outlined how a bullish break could play out. The lines that are drawn have not been analysed in terms of price or time. They are purely conjecture.

thekevin

Against the dollar (my last post charted silver against GBP) silver has now hit the long term trend line created in 2001-2003 and after 'capitulating' has now reclaimed the .786 fibonacci level!

thekevin Updated 

Short term ascending triangle reaching conclusion. Ascending triangle would assume bullish posture but BTC could do anything! Taking (roughly) the height of the triangle and assuming it breaks soon; here's the upper and lower targets!