Who remembers Bitcoin in early 2015? Crazy to look back and remember there was a time in which nobody really knew what Bitcoin was. Below I will update with my personal analysis on Altcoin markets and the direction i believe we are headed.
RSI is still bullish! I'm thinking it will consolidate for a little bit, and visit a few support levels first, then breakout. If it breaks down expect the trend line. Here's what it looks like against BTC: Cheers and GLWT! -Erik
PreviousLy I posted a BTG consolidation thread, that idea is still relevant but is very short term. Overall, here is my master thread where we are looking for a huge impulse wave to the upside. There are two approaches here. Either look for a bottom buy at $276.47 or fetch the breakout at $477.59. Take some time to familiarize with my trading approach:...
Dash has finished performing a very bullish move against the USD and its likely time for consolidation. Against BTC you can see dash performed a bullish rebound after exiting the megaphone pattern and returned to the weekly resistance level. If we breakdown I'm expecting price to consolidate around $465.27, with strong support at $384.10 should we visit that...
IOTA is very bullish and is forming a continuation pattern against BTC. Watch for a dip down from the MAX TP to the classical fibo support (I think it won't get that far, maybe the 0.5 fibo) and then look for further upside to MAX TP2 at $4.86. This is the opposite pattern we are seeing with Dash and Monero. Take some time to familiarize with my trading...
RSI is bullish and we have a consolidating range which could give us a long opportunity. Be advised, this market is currently very speculative as it has limited trading data for pattern identification.
NEO has been consolidating since the formation of its $ATH at $58 in August 2017. I am anticipating the following scenario to unfold over the next 3 to 6 months if we break the former ATH, although the pattern may catch on and we could breakout earlier. This will be my master NEO thread. There are two approaches here. You can either try to catch the bottom on the...
Following the completion of a strong impulse wave, Ethereum has now entered consolidation mode and will likely retest key supports to the downside. Here's the wave I'm anticipating. The classical fibo support is $367.39, but the major classical fibo support is $319.76. We've broken these fibo supports many times during heavy selling spikes, so I would look to the...
After performing a corrective bullish run from $150ish to $420, I'm looking for $BTG to consolidate and regroup. The data is razor thin since we've only been trading for a month, but here are some levels to watch. If we break the downtrend channel to the upside we will evaluate how to get long.
After catching the 160% structural wave, I'm looking for consolidation and evaluating buy back levels. The classical fibo level at $128.86 looks nice, and the crash zone at $109.928 looks good for pending orders.
This market was struggling to perform compared to other instruments over the last few months. In August OmiseGo was on fire. We tagged the major fibo resistance (a shorting level where longer term market participants decide to stay or leave the market) and collapsed. This is a sign of weakness, even tho we formed a bullish wick. I can see the uptrend line getting...
EOS is performing a potentially very bullish pattern on the daily chart, and a breach of the pink descending channel line could unlock it with gains around 90%. A counter-cyclical cup and handle MONSTER trade! Early bird entry is around the $1.64 pivot support, which is the edge of the major classical fibo support zone. I don't recommend this entry for beginners,...
Here we go, another Bitcoin Cash consolidation! Here are the trend lines and waves I'm looking for. Major classical fibo level sits at $1243.59 and the edge of that fibo level extends down to $878.51. I'm looking for a buy at the max consolidation level around $560.39. We could trade as low as $292.26 which is a key fibo extension. Ladies and gentleman, this...
Will we have another life altering counter-cylical bounce? My dreams have come true with this coin many times before, RSI is bullish again, so a breach to the upside of the ascending wedge may provoke a nice rally :) Don't forget we need this chart on our side: As always, I'll be posting long and short trades. Cheers and GLWT! -Erik
Is consolidation finally over? It very well could be. If you take a peak at the ETHBTC chart, we may have hit bottom. :) As for the ETHUSD chart, one more test of the uptrend line may be in the cards, followed by an explosive move to the upside. There will be plenty of opportunities to get involved. Targets to the upside include a MIN TP of $406, a MID TP of...
Currently price is trading at the edge of a major classic fibo support. If we can stay above this level ($157) it could trigger a bullish rally taking out resistance levels along the way. AB=CD harmonic pattern suggests trading is to be expected above $577 within the next 19 days. Thus, MIN TP can be set at the $677 fibo extension, and its possible to look higher...