velocitylabs

velocitylabs

Bitcoin is currently is a rising wedge, a good sign for the crypto. I did move my support line down to line up with the wicks instead of the bodies, and this way it lines up perfectly with the correction we saw last night. From here we should see a continued consolidation in the wedge until an eventual (sharp) breakout upwards.

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I drew a parabolic curve here because even though they are more common on cryptocurrencies, I do see Riot Blockchain going parabolic in sympathy with bitcoin.

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A few days ago I discussed the possibility of an XRP breakout and here we are! From here we should see smooth sailing to the 0.63 to 0.65 supply zone, at which point we'll see some consolidation again. I would speculate that there is a bullish bias for breaking out of this supply zone and move back to 0.70, but this may all change with one headline- if you are an...

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ADA is in a symmetrical triangle on a larger timeframe, and we can expect to see a massive move (up to $2) when this wedge likely breaks out upwards. Shorter term, I expect a bounce at $1.15, respecting the sloping resistance, followed by a bounce back down at the all time high resistance right around $1.45. After a bounce back up at the $1.32 supply zone, ADA...

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Update on ETH: It's sticking to purple trendline for now but remember that it will move in sympathy with Bitcoin. As I stated in my precious post, there is a reasonable chance of a BTC retracement to 52k. Because of this, ETH can easily retest the $1500 to $1600 level (watch the 0.618 fib as a strong resistance). Remember that long term, even if we correct, my...

velocitylabs

BTC is in a critical rising wedge right now.A breakout down would send it down to 52k, causing popular blockchain stocks like RIOT and MARA to retrace over 20% (RIOT could his $40). A break up would be market positive for the crypto market cap as a whole and would send Bitcoin, along with other altcoins flying. My end of month target for Bitcoin is $68k but this...

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COMP is at the bottom of the pitchfork support and is going to have to choose a direction soon. A breakout up would be rather bullish, and if (after some consolidation) it could break above the top of pitchfork I will double down on my position, as the pitchfork will act as a VERY strong support. However, a break down would be short term bearish and I would expect...

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HBAR broke out of the white triangle recently, and I'm looking for a retest of the support to add to my position. My short term target is $0.39. However, it is important to note that Hedra Hashgraph did fail its parabolic curve so after this move its momentum may slow down for a while. Remember that this crypto bull cycle is just beginning, so it's not too late to...

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ADA has been retesting the critical $1.185 level for a while and as the triangle (signified by the while line) narrows, we can see that this downtrend will either sharply reverse or break down to the 0.618 fib. A breakout upwards would mean that buyers are back in control, and a sharp break could even bring us back up to the 0.236 fib, or the top of the supply...

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ETH has been traveling in a massive triangle for about a month, and all this consolidation indicates that a big move is coming. From the fib we can see that ETH is traveling in a small wedge with the 0.236 fib acting as support. With the head and shoulders formed, I would say there is a bearish bias here, and that we could see some movement down to the 0.382 fib...

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Bitcoin had a rough dip this morning, breaking below a critical sloping support and falling from 59k to 56k. By drawing a Fibonacci retracement from a local low to a local high we can see that the 54k level looks like a likely area for a bounce. Because of all the consolidation bitcoin has been having at the 55-60k level I'm predicting the next bull leg will be...

velocitylabs Updated 

By taking the mouth of the purple triangle we saw in late February and moving it up to the breakout point, we can find that .073 was a resistance level for VET. if we move the line up again, we find that $0.105 should pose to be a strong resistance level. However, VET is currently below the pitchfork resistance zone, and breaking it may prove difficult. Either way...

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On the 1 hour timeframe we can see ADA dip to the critical 1.185 level, but with a string bounce on the hourly and even 5m chart the buyers aggressively overpowered the sellers. With this strong momentum we should easily make it back to the 1.3 level.

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ADA is at the support of the final shoulder in its head and shoulders pattern. If we don't see a bounce at the white dotted line expect to see bearish momentum down to that 1.14 level. However, long term my target remains at $5 EOY.

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From this pitchfork we can see the support levels for COMPUSD. By drawing a sloping resistance along the peaks we can create a triangle, and can see that this consolidation will choose a direction soon. I plan to take this trade in the respective direction of the break.

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XLM is breaking out of a massive symmetrical triangle, and by taking a portion of the mouth of the wedge and moving it to the breakout point gives us a short term price target of $0.561 for Stellar. I took a short bull run portion because the entire mouth is an unrealistic short term target.

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XRP has been consolidating in a channel for a few hours now and this big green hourly candle is a sign that it's about to blow. Fundamentals add up this, as it looks like exchanges may be able to start re-listing XRP.

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TTWO has a clear path to 180- and with its current uptrend it looks likely. However, even if TTWO dips we have a lot of of strong support in the 150-155 range- both from the purple supply zone and 0.382 fib level.