MysticRekt

MysticRekt

OMG looks to have made a bullish inverse head and shoulders pattern a candle close above ~4.17 should warrant a climb to the next fib level just above 5$ This is not financial advice and for educational purposes only.

MysticRekt Updated 

Bitcoin has been trading inside the ascending triangle since the start of its noverember uptrend. Assuming the triangle holds and we see a breakout this would be my expectations Wave length may not be exact but the chart gives a scenario that could play out for Bitcoin.

MysticRekt Updated 

Greetings fellow chartists, bulls and yes even bears too. Today I present to you what i believe to be the path that bitcoin will follow in the coming weeks. If we look back to the start of november this is when a new uptrend started as indicated by the green line from Tradingviews "Supertrend indicator" I've mapped out the Elliot impulse waves into 5 waves the...

MysticRekt

YFI is looking extra bullish to me, it had a rough two months, but looking at the indicators I believe it has a real chance to make new highs very soon. The Elliot impulse wave took YFI right up to the $30,xxx mark followed by an ABC correction which also formed an Inverse head and shoulders pattern which is one of the most bullish pattern in technical analysis I...

MysticRekt Updated 

These last few weeks in crypto have been pretty wild BTC breaking ATH's or almost breaking depending on which exchange you are looking at specifically. As well as sudden 2k+ price swings thrown into the mix. In my last idea we looked at an ascending triangle that failed to breakout do to a double top formation on bitcoin that brought the market down including...

MysticRekt Updated 

Hey all, Looking at the OMG chart we can see an ascending triangle with 3+ trendline touches to confirm the pattern. I've added two major trendlines to get a better idea of what to expect with OMG going forward. My thoughts are that we should confirm a breakout of the ascending triangle formation within the next day or two as of this chart posting, followed by...

MysticRekt Updated 

Hello Everyone and welcome to another Mystic chart! Today we will be taking a look at bitcoins journey during the bear market of 2018 up until now to determine where we are headed and where the possible "local top" might lie. At the end of 2017 bitcoin posted a parabolic rise climaxing towards the end 2017 to post an all time high of around ~20k from here it was...

MysticRekt

OMG Network $omg looks to have completed its correction/consolidation from its target of 6.4$ dollars. Looking at the chart we can see it has completed a classic ABCDE Elliot wave correctional pattern and has broken out of its descending trendline from August, as well as an inverse head and shoulders pattern with a confirmed breakout at the end. I expect the fib...