Hitting that milestone of $20k was a good way to end the year. But the year is not done just yet. The analysis shows that an impending correction is coming which will bring back to the 17k - 17.3k USD range. A correction will be simply that, a correction. The market will misinterpret the correction and some profit taking will be seen. Those shorting BTC will...
As an update to my prior published Chart of LTC Christmas!!! The current pattern/trend appears to be holding STRONG! I would go LONG and recommend buying while you still can...opportunity is closing FAST! At this current UP-Trend; if it continues to HOLD; we may miss opportunities to buy again at these current $300.00 price range for LTC? We could easily see a...
My goal is simplicity on this one - Trend, Technical Analysis, Support Levels. Like many traders, I put too much faith in the institutional shorts in the futures trade this week and missed a perfect buying opportunity in the 13,500 area. So I'm getting back in gear here. We have reached higher highs on BTC today. In order to forecast what happens next, lets...
Futures coming into BTC at the end of 2017 is going to be a tough finish for the alt sector. Looking at the 1 day trend for LTC we see a trend emerging that LTC could make it's next big move in the early months of 2018 as BTC starts to level out a little. While BTC is pushing pull out of alts and buy in at a low when you see BTC RSI starting to trend back below...
Here's what I am looking at, and I do believe LTC will rocket into the $400 - $500 price range around Christmas or New Year's? Looks like pressure is building in Volume and intensity as represented in the MACD scale at the bottom of the graph. A Potential Market structure may be building, which I think is bullish and ready to burst north to said price range,...
Notice the volume declension, be prepared to exit at blue box targets. Buy on direction change. Abort to short if break down. LLAP
ETH broke out of all my previous predicted channels and trends in the past few days, putting 700 USD in its sights in the near future. My previous prediction of ETH/USD at 660 USD by EOY has already been broken. Making new parallel channel trends, I predict a price for ETH/USD at the End Of the Year (EOY) to be: Optimistic high: 1000 USD Optimistic narrow range:...
In the early morning hours (in California terms) Litecoin went truely parabolic and blew past all my prior Fibonacci projections. At this point, most technical indicators become worthless. I've removed them all from this chart and have a single Fibonacci retracement set at the 2 day breakout range. Let's use this to gauge where price ends up today and what actions...
This is just for fun.. one of my first posts. Simple down-trend channel and waiting for the reversal. I'd like to see it break ~$3.50 support and head to $3.00 for a possible buy. I'll be on watch around 9:30am EST. I'd also like to see a larger ascending triangle start to form if we get a bounce at the first support.
This is my first chart ever published. I'm just doing this for fun. I have no idea what is going to happen. ...and with that said I believe we see the continued down-trend breaking completely through the ~$4 support and heading to re-test ~$3 support. Hopefully, we see a nice bounce and reversal there. I will be paying attention around 12:00PM EST.
Hi all, Cryptoyivves here again. After yesterday's crazy bull run by BTC, most if not all altcoins are down double digit percentage points. Let's now look at the recovery by some of the more well known altcoins starting with NEO. As we can see here, NEO is recovering somewhat nicely, blasting through the 0.236 Fib easily 4 hours ago. However, the last 3 hours...
buy in: 102-130 auto close: 98
Although fundamental news or potential factors around Bitcoin Gold are not quite available, the Technicals do show a clear destination for the price to reach when it is put all together. The new goal for the Bitcoin Gold (BTG) will be $500 USD. Let's see !
Using a log scaling on the right and the trend from the past 12 months, we can see BTCUSD getting to $50,000 between May and June 2018. We can be at around $7,000 now and still be on the trend lines - i.e. a correction now should be seen as a buying opportunity and/or we should just hodl. The RSI indicates it'll be a choppy ride getting there. The PPO shows we...
Facts: Global M1 money supply is 25 Trillion USD. M1 money supply is defined as Cash and equivalents, i.e. currency which is free and instant to transact. Iota is the only crypto currency which is free and instant to transact. Iota is therefore the only crypto currency eligible to be categorised as M1 money supply and is eligible to compete for a piece of this...
Bitcoin has been on a rampage this weekend, crushing new highs and careening toward the psychological and technical level of $10K. There are strong technical and fundamental reasons why we should expect this strength to continue. First, we have BTC futures to be released on the CME which in the short term is a good thing (more on my long term outlook to follow...
Momentum has been incredibly strong. Price as reached the upper tl of the channel and I wouldn't be surprised to see a break above as the market goes for 10k. The structure is still obviously bullish. Safe to hold but exercise cautious if you're looking for an entry at this level.
Yesterday, I published an idea that perhaps BTCUSD would be heading for a deeper correction. Today, the market resoundingly rejected that hypothesis. If we have a look at the history of BTCUSD, on this weekly chart on the logarithmic scale, we can identify two distinct cycles. It appears that looking at BTCUSD on the linear scale is where we misunderstand it. In...