Monero to new highs and could run into some resistance around 40 USD
Monero is looking to breakout above its 100 day moving average and its upper resistance line
Bitcoin and Priceline stock have all fought hard support around the all time high of gold The red line and Blue fill are Bitstamp and Bitfinex btcusd prices respectively. The blue line is PCLN stock The green and red bars are Gold. Can bitcoin build a floor up here?
If history repeats itself, and if I am correct in liking how IBM is setting itself up , they should see a price dip below $140 by YE2016 then look for big rebound in early 2018 back above $175 at least. Its a long-term play, but if it sets up the its a nice gain.
Here is one of my picks to hold on to until further notice - new ETF, booming market, great news coming out. Might be slow burn right now, but I think a smart investment.
ETC BTC ratio chart broke out of red triangle ( with decreasing volume) while shooting away from the 100 dma and through the 23% fib retracement. ETC also broke through hard resistance line X and looks to be headed for the top of the fib zone. Eventually ETC will see resistance at the top of zone 4 (top of the blue channel). Line X and the middle blue line...
We have another quadruple witching date coming up next June. This is when all three classes of options expire (stock, stock index, and stock index futures options) along with single stock futures options. I plotted all the previous QW dates with green arrows. As time goes on, they seem to be indicative of market tops and bottoms (most notably 2015-2016)....
Ripple is forming a nice red pennant A breakout to the upside will find ripple breaching lines 2 and 3 and the 23% fib retracement. Hard resistance at line 1 A breakdown through the bottom of the red pennant (also supported by the stegosaurus top formation) would immediately test the 100 day MA and 50% retracement.. hard support at line 8 and likely the 76%...
Zcash is forming a red triangle while bouncing off of the bottom of zone 3 (lower part of diagonal channel) If we can see enough strength to pass through the 38% fib retracement, the 100 day moving average (pink line) and the red triangle we could see a move to to roughly 110 USD ( line y, 23% ret and upper red trend line resistance). Watch for RSI to approach...
ETC forming red triangle formation We could see another drop to 6 dollars before breaking this triangle and either moving further down to zone 3 and the 50% retracement or bottom blue line of the zone 3 channel. If we can breach to the upside above the 23% fib ret, 100dma (pink line) we should see a strong move into zone 4, bound only by the top of the fib...
Bitcoin to new all time highs again. I still think we see a move to 2000 + USD before this move ends. Then we could see the price come back down about 400-600 USD (back toward the blue trend line - top of the channel) We could see an extended RSI and Stochastic run here. Hedge this with some alt coins or bitmex futures to the short side
Long if we can get into Zone 4 and above line A. Otherwise looking to rebuy in zone 2 Maid has been range bound between long term support lines X, Y, Z, currently approaching resistance at Z We also find ourselves range bound between diagonal support lines 1 and 2 Still about the 100 day moving average and having breached the 38% retracement to the upside A...
For all the people that are getting caught up in the "companies" that are masking centralization with the words Blockchain Technology I submit to you a refreshing idea of a decentralized coin that is here to make a difference in the world through disruption. The chart cleanly illustrates how accumulation leads to rise. Do your own research and you will learn to...
Bitcoin (bitfinex) maybe be bottoming based on a potential descending wedge inverted Head and Shoulder formation. Projection could be an upside move to about 1880 USD, but first lets worry about getting above lines 1 and 2. If we breakdown through support we could see a drop to ~1600 USD Watch for RSI to climb back into the upward channel to confirm a spike
BTC has consolidated nicely the past couple days and is now filling a triangle formation and on the cusp of breaking out. Lets keep an eye on volume. If we can build support on the middle black trendline there's a good chance the bull resumes. Otherwise watch for a correction down to 1730 USD
Mega Cup and Handle formation could be indicating a big move to at least 2250 USD (with a few bumps in the road along the way). Plenty of FOMO news articles surfacing in the mainstream. Segwit as well. Previous cup and handle projections extended further than the forecasted magnitude, however the target zone ended up as future support once the correction started....
Watch for support around 76% retracement and the black horizontal lines underneath.
LTCUSD fell through 100 day MA, 50%, 62% and long term green support lines Looking to buy back starting from here potentially down to around 25 USD, all things considered.