Hey Traders! I hope you had a great end of the trading week, month & quarter. Regardless of your results it's time to wipe those memories clean & get focused on the now as we get into the final stretch of our 2017 trading year. This idea is better explained in my recent video, but what I'm looking at is the potential end to the Euro's year long bullish trend. As...
Alright. So on a technical basis, we do have a couple of solid buy signals. -First of all, we broke our down channel. -Secondly, we entered back into my bull channel. So what's my problem, you asked. I don't know just yet? I'm still trying to put my finger on this one. If I had to put something into words here I'd say that we still don't have solid, hot red...
If you choose to buy here, great caution is advised. Dip your toes in slowly (dollar cost average in) and have your stops just below the ascending BLACK trendline. I'm extremely cautious here and reluctant to buy until we have more signs corroborating this move up.
I am not suggesting it will happen, but I am seeing some of the leading cryptos (Bitcoin, Litecoin, and Ethereum) poised to dump this weekend. In addition to all remaining in bearish chart patterns: -Ethereum has fallen below .618 fib retracement and the $275-$280 support level. -Bitcoin has dropped below it's longer term bullish channel yesterday...
It's days like today I find that I am having to remind people what to overall long term trend looks like. Bitcoin is still bullish as it remains in my BLACK BULL CHANNEL. This BULL CHANNEL is nothing to sneeze at. It has remained intact since early May. You'll remember that it broke below this preceding the last fork. Only when we dipped below the bottom of my...
It's days like today I find that I am having to remind people what to overall long term trend looks like. Litecoin is still bullish as it remains in my GREEN BULL CHANNEL. This BULL CHANNEL is nothing to sneeze at. It has remained intact since early March and has never been broken to the downside. Until it does, I will remain a bull. Although I was stopped out...
Hey guys! This coin on a technical perspective, is bound to explode soon. I have started to accumulate on the current prices. I think there is a good potential for a 100% gain in the next couple of weeks. Lets see what happens. I also wanted to announce that we are in the process of launching a bitcoin exchange and hopefully a trading platform to follow....
If you've followed my post, you'll realize that I've recently stopped out of Litecoin. Currently, my Litecoin deposits are sitting all in CASH. Here's what I'm waiting for. Just like it's big brother Bitcoin, Litecoin has a long upward bull channel (BLACK LINE). Ninety percent of the time we will remain within this bull channel. Currently, that's exactly where we...
After an absolutely explosive and insane move from $50 to nearly $100 in only (6) six days, Litecoin put in another (5) five days of consolidation. Initially, I had hoped it would drop to $57.75 or even our $50 support. But now I am not sure this will be the case. Litecoin continues to look bullish. And just like my Bitcoin chart, it appears that Litecoin has...
We've hit the top of my Bull Channel which looks to be providing quite a bit of resistance. It also looks like we have formed a bear flag in the process. I'd say the chances of us selling off here are much greater than breaking out. My first target would be the BLUE upward sloping trendline. Second target? Bottom of the Bull Channel (GREEN upward sloping...
I want to show you something. I'm not saying this will happen but... Take a look at this chart. It is beautiful. And according to what it is telling me, we have two (possibly three) more days MAX (but probably less) of consolidation for OmiseGo. Once complete, we would break out and above our shorter downward sloping ORANGE trendline. Of course, the possibility...
It looks as though Litecoin may be forming a new triangle. I have a suspicion we will begin to coil yet again in this larger triangle before finally punching through our ATH with another long green candle much like the one we saw yesterday. This next coil process, if it proves to be true, could take up to a month to form before we see our next big punch through....
We've officially broken out of our last ascending triangle. I see no more coiling ahead for a while. It's onward, upward to our $75+ target. Good luck and happy trading all!
Let's play a game. Count the ascending triangles. Do you see them? There are 3. The first two are history. We obviously broke out. We are working on the the third and final. If we break above and close higher than this last triangle, we'll go to $4800. The second ramification of this potential breakout would be the formation of a new BULL channel. I've outlined...
Looks like Bitcoin has decided to consolidate. Here are the two levels I am hoping we drop down to. The bottom two ($3410 and $3263) represent an excellent buying opportunity if we can get there.
This analysis is simple as always. Either LTC holds above the lines (purple circles) and remains strongly bullish, OR it doesn't. If LTC breaks below the bullish trendlines, we remain long term bulls (as we are still in the bullish GREEN channel long term); however, we will become short term bears. If we break down, we will go to: STOP 1: $46.01 STOP 2:...
The charts attached are my Monday predictions for the week to help my trading for the 1Hr time frame. For full details of my analysis for the week (using Ichimoku theory), click on the link. Hope you all have a great trading week ;)