I have had a hard time being confident about technical analysis on Bitcoin for a while, but I think we are near the end of the bear run. Cryptocurrency is here to stay. Bitcoin is the protocol to rule them all. Many developments coming along for Bitcoin.
So much drama with ethereum, I'm just waiting for a major code exploit or political suicide. Ethereum Classic will have its day.
If the elliott wave correction is over we will see the bull run begin again. It needs to test and break through the first resistance line, while respecting the upward trend. I would like to see the price reach the top of the upward driving channel, but I need to see it at least stay above the bottom line. HODL! Don't get REKT!
I have done extensive research on WTC and have renewed my excitement for the project. It is much more exciting than I previously realized. I think the RSI and MACD need a cool off period before she makes another big break. The ~.0057 price target came from my previous prediction and I am still holding strong on it.
So many charts with ascending triangles "in and around" previous highs. XLM could use a quick retracement to power up for mewn. To be clear, I am estimating the future with my positioning of the Fib Retracement tool.
I believe EOS is going to keep steaming ahead because it is a strong project with a lot of support.
We got into my "good" zone and are displaying strength. XLM is getting all kinds of praise (allll kiiiiiiinds - hobbs twins) from the community now. At first I only set the first breakout then I thought it was too conservative. So I extended up to the second breakout. I continued the estimate as far as I think I could prudently go at this time. Fingers crossed!
I can't remember what this coin or token is, but the chart has potential. It's better when they are testing the resistance than when they are riding the trend line, but overall I like it's chances for a breakout at the end of the triangle. A quick test of support below the triangle wouldn't be a death penalty, but the more lines it goes beneath, the less likely a...
I don't really know what else to make of this. I'm open to opinions. What am I missing here? Let me know!
A lot of people are talking about it. It's related to advertising on mobile devices. It looks pretty good now, especially if it stays above the trend line until maybe a quick swing test at the very end of the triangle. If the bottom falls out when it dips under the trend line, cut it.
To be clear, I did predict the entire upward pattern. Those lines and "Resist", and "Moon" were there since the ascending triangle. At this point it needs a correction because I consider it slightly overextended. Since the ride up was so clean, I expect a clean elliott wave correction too.
Just following trends, and estimating a .618 retrace to previous resistance level. RSI and MACD could use a cool off period to gain more power too.
I really really don't want this to happen but that's the impression I am getting. Reasons why it shouldn't happen: Transaction times have been MUCH faster in the last week. Fees have been MUCH lower in the last week. People should know that Lightning Network is making great developments which will be implemented *soon enough*. Bitcoin is still the most secure...
Just realized all the charts I've been posting today were private for some reason. Whoops! I wanted to see Monero stay above the trend line or just make a quick swing test down then back above it. I don't like the continuation below the line. Time will tell if it can make a move upward.
Keep an eye on this one. It has been a couple weeks since I looked this one up but I liked it when I did. I have since researched QASH, and I found them to be similar. Sorry that's all I've got as far as the project background. The chart however looks to be in an ascending triangle, not an ascending wedge. ATs are bullish, AWs are bearish. The recent lows seem...
If it gets over the resistance and finds support at the fibonacci level, that is strong and may signal another bump. If it stays below the trend level and meets resistance at the fibonacci level, then it will likely stall out.