thekevin

thekevin

The current resistance point appears to be the top of the 6hour ichimoku cloud. Clear as day!

thekevin Updated 

Short term ascending triangle (bullish) pattern. We need a break above then a close above the upper line for me to be convinced as there have been a few ascending triangles that have broken down within the last month. This pattern is being dragged to the very end but a conclusion is near. Within the next day or so. I'm going to remain neutral until I see a break...

thekevin Updated 

Here's a potential subwave count for a possible wave 1, although I don't like it much. The subwave 3 fell shy of subwave 1's 1.618 and therefore the target of the subwave 5 would have to be 0.618 of both waves 1+3 combined. Alternatively, this is all an obscure ABC up before another impulse down. Either way, I don't believe we breach much higher than 6800.

thekevin

Bearish divergence forming on the 4hour chart and resistance found at the 200MA. Without another well timed cash injection by some big players - I think the market is going to turn over.

thekevin

Short term symmetrical triangle - neutral. Break out or break down required.

thekevin Updated 

Looks like a rising wedge (bearish), shown here on the hourly chart. I believe it will either begin breaking down through the lower trend line. Another bearish scenario is a touch to the lower trend line, then back to the top (which by that time will coincide with the 200MA which will act as a ceiling and lead to a break of structure).

thekevin

If this hourly candle closes like this on the 1hour then we have a clear bearish divergence. On the 4hour, BTC is fighting hard with the lower thresholds of the ichimoku cloud.

thekevin

The 2 green arrows are short term targets and the following drawn lines are the scenarios that follow. I'm inclined to follow the bearish outcome if BTC stays on its current trajectory. This is probably just some sort of 'B' or 'X' wave exacerbated by the news of the ICX/USDT pairing on Binance. "Buy the rumor, get rekt by news" .. or something? Probably paraphrasing.

thekevin

I'm in full on bear mode, I'm afraid. I can easily count 5 waves down, into a somewhat ambiguous ABC up. I'm assuming another 5 legs down. If we assume a 1:1 ratio for the A+C waves and we assume around 1.0 - 1.618 using a fibonacci time tool - here's my targets! Shorter term we broke down through an ascending triangle (to start the subwave 1, wave C). On a macro...

thekevin

Zil needs to cool off! If we assume at least a 1:1 extension of the A wave for the C wave, estimating 1.0 - 1.618 in terms of the fibonacci timeframe - here would be the entry point. This coincides with the .618 retrace of the 5 waves up. This assumes the coin is bullish and will move up for a wave 3.

thekevin

5 clear waves up (of a larger scale wave 1?). Bearish divergence on the 4hour and has just lost 21MA support. Wait for a retrace to re-enter.

thekevin

Buy if it breaks the horizontal resistance then finds support above it. If it does break horizontal resistance then it will probably find that 200MA (white line) as short term resistance before re-testing the horizontal line as support. This would be the time to buy. Then put a tight stop loss a few percent under the aforementioned horizontal resistance line. If...

thekevin

This could be the wave count if the ascending triangle breaks upwards. The 1.618 would be a reasonable target for a wave 3.

thekevin

BTC is in a short term ascending triangle which is a bullish pattern. Of course if it breaks under the lower trend line then it becomes invalidated. Doesn't look 'bad' though. That's an improvement.. right?

thekevin

Follow the green arrows!

thekevin

ONT is in a channel with a few outcomes. Wait for the breakout of the upper channel and the subsequent re-test of the upper channel as support before buying. It could break above then fall back below (bull trap).

thekevin Updated 

BTC faced a fierce horizontal resistance point (creating an ascending triangle). A short term dump was required to bring back the buyers (who have now seen a higher low supported) which could bring in enough 'bull-power' to break through the resistance. If the lower trend line of this triangle becomes resistance, however - could be time to get out and let the market fall!

thekevin

I don't normally like to chart altcoins anymore as it all depends entirely on BTC - therefore I'd be just as well charting that. However, I do believe I have found a potential ascending triangle. Arguably it should hit that recent high one more time before this assumption but I'm going to preemptively anticipate one forming. If EOS breaks below the lower trend...