The market is still flat although the bitcoin has managed to return above the Kama average in a position of strength after several weeks below it.
A break above the resistance zone (above 12200$) would confirm the recovery of the trend.
From tomorrow i'm on holiday, see you in September, there will be updates only in case of emergencies:)
My plan for the upcoming alt cycle, starting with Icon ( ICX ). Well known for its solid fundamentals, high chances this project will be among the high gainers if/when the next altcoin cycle starts.
Currently, we're able to draw a high timeframe falling wedge, and after almost a 98% drawdown a relatively cheap project to pick up.
Aiming for an entry...
Yup, for those that weren't aware (and I haven't seen a lot of charts on it, if any at all), there is a special chart pattern/formation that can tell us everything we need to know about Bitcoin if it ends up being valid.
The formation in question here is the Rounding Bottom Chart Formation.
This is something that I have not seen ANY one post about!
My plan for the upcoming alt cycle, starting with Carndano (ADA). Well known for its solid fundamentals, high chances this project will be among the high gainers if/when the next altcoin cycle starts.
Currently, we're able to draw a high timeframe falling wedge, and after almost a 90% drawdown a relatively cheap project to pick up.
Aiming for an...
My plan for the upcoming alt cycle, AION.
Currently, we're able to draw a high timeframe falling wedge, and after almost a 99% drawdown a relatively cheap project to pick up.
Aiming for a gradual entry from 100 till 70 satoshi's, as indicated on the char
Profit target 1: 473 (452%)
Profit target 2: 1055 (1135%)
Profit target 3: 2476 (2812%)
Profit target 4:...
likely we will see another leg down if BTC keep going up parabolic again. then accumilation stage, it will be shorter than most people expected.
best scenario 10x ZEC/BTC : 100x ZEC/USD
1 ZEC : 5000 USD / 1000 ZEC : 5million USD
My expectation is a huge up impulse because, in my opinion, a higher degree correction is in the making. The last bottom can be the end of that correction and if it's so, it can go to 161.300. It's good to see the potential but my target will be a smaller up impulse. Then I'll wait for a correction to buy again. As you can see it came down and made...
Gold Chart I see a Potential Inverted Head & Shoulders Pattern forming "waiting 4 right shoulder".
At moment long call option is active.
But this is what i'll be tracking as the week goes on.
So, let's see how geopolitics will react.
#Gold and Treasuries Rallied on Geopolitical tension
#North Korean Problem and French election
this is a general...
My expectation is one more up impulse for the completion of the weekly B wave and my minimum target for this is 1.035. That's why I'm looking for long trade setups. As you can see, it broke the previous bottom (green A) by only a couple ticks and bounced back. We have a complete corrective pattern (running flat) in the daily chart and divergences at...
The higher degree structure (2nd wave can be seen on the image down below) can be an expanding flat. If it's so, the last bottom should be the end of it since there is no more room for more downside without breaking the previous bottom. That's why I'm looking at the sharp upward wave a reversal impulse and now, waiting for a correction and reversal...
After the green 1st wave, it made a pretty strong upward wave which doesn't look like a correction. Yet I'm looking for short trade setups since it can be one of those sharp corrections and we can get a very big down impulse. As you can see, it made a 5-wave structure and the last top can be the end of the 2nd wave. That's why I'm waiting for a...