"Omg, all those early investor traders must have made shit loads of moneizzz. Was so easy, you just buy some, and wait, it was raising all the time, any dumb dude would have been a millionaire!!" No. =>
Why did I make this chart? 1. I'm beyond tired of seeing "hope charts" that are basically the current chart with an arrow pointing up at the end with NO EXPLANATION. 2. Also tired of Twitter and YouTube shillers making money from people's hopes. It's PATHETIC. 3. Lastly, I'm tired of people searching for something in the news to explain the price rise or...
This chart shows the market cycles in each reward era, the current era is in a downtrend phase. This phase could reach a correction of around 78% - 86%
According to market cycle lines, we can see that there is a pattern! It is not perfect but seems reasonable. If this is "correct" we are now in down momentum.
Since April 2016, Synereo (AMP-BTC) has had 2 complete market cycles and has started a third one since August 2017. Each cycle lasts on average of 8 months, with the 3rd cycle on its longest accumulation period yet (more than 10 months in). The highest advancing % so far is 582% on the 2017 cycle, while the lowest declining % is at -80.68%. The latest accumulation...
As we anticipate the bull market returning, we are quickly put back in our place by the bears. Further declines are more daunting than ever at this stage, there is a lot of uncertainty in cryptocurrency right now. I'd like to present a simplistic piece of analysis on bitcoin, I'm sure the novice technical analyst will be able to benefit from this post. Today I'm...
Looking at the previous (2014) and recent (2017) bubble movements of Bitcoin, we can see three apparent price channels that dominate the cycles: 1) Base 2) Breakthrough 3) Pop Here the chart is logarithmic to linearize the growth rate (price channel), assuming the cycles are predominantly exponential. In the previous cycle we can see the Base price channel...
As you can see from the chart it's interesting to watch whales playing games on this coin. Always retracing over 90% each time from the top to the bottoms. Because this coin has not done anything apart from acting like a pump and dump, i'm assuming its going to dump all the way to: - Entry: 23- 13 satoshi - Exit: I would go for anything above 300%-500% my...
I was horribly wrong on the last schematic, so I'm trying to move much slower with this one. I'm making a case for accumulation because I have not seen a sign of weakness yet. The bottom of the trading range is holding pretty well.
XLMUSD (Lumen) Stellar 05/01/18 9 p.m. EST by MMansfield. Hi trader friends! Stellar Lumen (XLM) appears to be at or near a Wave 3 high. This should be followed by a pullback to 0.3200 area (previous Wave 4 territory) then another wave higher that could take it into the 0.60s. REASONS: The longer-term cycle (blue) is strong up until mid-July so there is...
Zcash/USD (Zcash) setting up for short-term cycle low with the medium-term cycle up. 2018-0510, 6:50 p.m. EST. By Michael Mansfield With current structure, the proportions would fit best to see one more low to complete big Wave B, or Wave 2 of 5 low, at between $254.00 to $249.00 area. It is possible the low is in, but I think not yet. However, if $266-$265 is...
Welcome back Friends and Foes (We dont discriminate)... ...Except maybe Bcash Fan Boys... ;) Today the coin of choice is the mighty GameCredits! I chose this coin because I noticed a solid long term market cycle playing out. Prices have now landed on trending support not once but, on two separate occasions. The second of which came after a major breakout of...
IOTAUSD 2018-0419 12:49 a.m. EST. Mansfield Hola trader friends! Looking around cryptoland, it's easy to see that many of the main cryptos were kicked off “Down Channel Road” or thrust out of “Falling Wedge-ville. Ah, but they moved up to greener pastures! If you missed the many easy breakout around cryptoland, I have a pending buy setup, so take a look at...
Great evening ladies and gentlemen, so today we got a pretty unexpected & strong pump. This pump invalidated my initial idea of retesting 5.800$ this week. Since then, we had some sort of consolidation, which made us form a bullflag. Target of the afore mentioned bull flag would be around 8.800$, which would correlate with our previous high/resistance during...
EOSUSD (EOS TOKEN) 12 HOUR BARS, 040518, 6:43 pm, EST. Michael Mansfield, CryptoPlayhouse Pending breakout buy ABOVE the recent Wave(I) high of 7.28, or a bit lower for the more aggressive. 1. Selloff since January, while deep, still looks corrective, with wave highs overlapping wave lows, which by definition is corrective in nature, but there are no...
XRPUSD (RIPPLE) CYCLES ANDREWS SAY UP 4 NOW. XRP Cryptocurrency token, 12 hour bars, 040918, 5:45 am, EST. Michael Mansfield CIO, CryptoPlayhouse. Hola friends, Ripple has likely found strong price support for at least a 3-7 day bounce and perhaps a strong Elliott Wave trend move up (blue 5 wave sequencing). Alternative count (red ABC corrective waves) ...
Great evening everybody, yesterday I made a recommendation on when to short BTC. Everybody who followed my advice should have made some money. Enough of the self-praise though, let's get to the analysis. By now you should notice that the similiarties between now and 2013/2014 are NOT neglectable. It's pretty obvious that BTC is moving much faster...