lonestar108

lonestar108

This is the USD version of the zcash chart and I'm going to keep this one short and sweet. Go read the commentary in the linked chart for a narrative of what I see in the future for Z-Cash. The long and short of it is, on the weekly we can see a cup and handle formation which is in the process now of breaking out to the upside. We are likely to form a flag here...

lonestar108 Updated 

If you trade against BTC instead of USD pairs, then 0.004 on LTCBTC is a critical level worth watching at the moment. This formation shows Bitcoin leading with repeated rallies in price - those are the LTC drops - followed by surges in Litecoin price when 0.004 is breached. The result - very nice, very tradeable sawtooth, if you already own LTC and BTC .. set an...

lonestar108 Updated 

I really don't have a ton of time to write something up, so I'm just gonna cut to the chase. Z-cash is the most undervalued cryptocurrency on the market, bar-none. Full-stop. If you don't believe me, then ask the Winklevoss brothers what they think. Go check their Twitter. I put 90% if my wealth into Z-Cash at $63. Z-Cash is going to $1,500 and that's just the...

lonestar108

Have you heard of Syscoin? Syscoin, launched back in 2015, is a fast OG coin built on a Bitcoin codebase with a lot of nitro powered extras. Syscoin features a asset creation platform that allows anyone to create tokens just like on Ethereum, except much cheaper. Syscoin also features a novel zero compromise acceptance mechanism that more or less guarantees that...

lonestar108 Updated 

Wow I just spent 20 minutes writing out about how price harmonics are the effect of human psychology, and even with a asset like Bitcoin that has a limited quantity available for purchase, you will still see human psychology at work as people begin to think it's too expensive, newbies get scared that they bought at $39k, people need money for 1 million different...

lonestar108

Here's a potential opportunity to stack some BTC regardless of where the price is USD-wise. This chart shows a bullish XABCD pattern on the 1 hour for LTCBTC - this means LTC is cheap relative to bitcoin at the moment. The way to play this trade is to exchange your BTC for LTC here - close your trade by exchanging the LTC back to Bitcoin. Happy trading!

lonestar108

I hate to be the bearish guy, but if this formation does in fact complete with a rejection at the red level (left shoulder level) or worse, orange (right shoulder level) we could be looking at a trend reversal and lower prices for the rest of the year. I'm not bullish until I see ATH broken here.

lonestar108

Inverse H&S, target 395

lonestar108

Possible H&S after breakdown from 405 to 397. Close above 404 near the right shoulder line invalidates the pattern and presents a more bullish scenario.

lonestar108

Both recent drops resulted in a multi-day consolidation period with another move UP. If this pattern repeats itself, we are likely to range here between $375-$400 for over a week before going back up. Daily close under the lower red line would invalidate this setup.

lonestar108

This isn't a parabolic move, just a movement up to paint the same bullish correction that's been expressing itself in the price for days now. My target gives me 411ish on Thanksgiving. Excellent