Al3x_2020

Al3x_2020

LTCUSD 3.98% seems to have found a bottom after yesterday's sharp selloff. Take note of the big volume on the 4 hour candle that went down all the way to approx. 175 USD, and then closed at around 240 USD (indicated on the chart with the white arrows). The .5 to .618 of the first 5-waves advance provided good support. If this analysis is correct, hold on to...

Al3x_2020

ADX is also being pushed down due to the massive bull run of BTC. This is currently my primary view. As we broke the low of wave A, it is likely ADX will correct lower before it is ready to rally. Let's see if we get the long setup. Also some nice divergence showing on the 4 hour MACD.

Al3x_2020

The strength in BTC forced a deeper correction in OmiseGo. This is my current primary view. The wave C can go quite deep and it is best to wait for some signs that the market is finding support, before buying. Some divergence is forming in the MACD, which is a good sign, but expect price to go down further. At least to where A = C. We will see how price reacts...

Al3x_2020

We are likely in wave (v) of ((3)) with a target in the high 6000s (6800 - 7000). After that I expect a correction back to the low 5.000s, which will set up the next rally phase to, yet again, new all time highs.

Al3x_2020

Bitcoin resumed its trend higher, despite all the bad news coming from China or the negative words spoken by a Chief Executive Officer of a big bank. Personally, I think the bullish trend is far from over. Of course, there will be corrections on the way up that seem severe as the drop from 5K tot 3K was indeed severe and scary to many I think. However, in the...

Al3x_2020

NEOBTC is still extending lower and will possibly hit the support area identified earlier. If NEOBTC extends to 1.0 - 1.236 of the A wave in this C wave it would lead to nice confluence with the previous wave 4. It is quite common for a wave 4 of the higher degree to retrace to the wave 4 area of the previous lower degree. Be ready to accumulate in this area,...

Al3x_2020

OmiseGo may be close to a bottom. We have already retraced to the .618 of the first impulse. On the lower timeframe a triangle seems to be forming, which is an indication that the next drop may be the final drop. The market seems to really want to hit the 1.618 extension of the A wave. Triangles most commonly form in the wave 4 position, prior to the final drop...

Al3x_2020

Stratis is in the long-term support area. In this area the bullish trend could resume. The C wave can reach as low as the 1.618 extension of the A wave, and even lower, considering the C wave of the smaller degree A wave extended to the 1.764. STRATBTC still looks good, considering the impulsive move seen earlier this year. This correction was however quite...

Al3x_2020

ADXBTC can find support here in the area where wave C is equal to 1.0 - 1.618 of wave A. In any case an interesting project with long-term potential. Also considering the impulsive move we saw earlier.

Al3x_2020 Updated 

BTCUSD is finding short-term resistance at the .618 / .764 extension of wave ((1)). Wave (i) of ((1)) can complete here and we can see a correction towards the .618 retracement, around $3.877. In any case, I am bullish long-term on BTCUSD and have a target around 6.800 for this upmove, at which point we can see a larger correction. Best of luck to your trading! :)

Al3x_2020

After an ABC 0.00% correction into support identified earlier, PAYBTC 2.81% moved up in an impulsive manner. PAYBTC 2.81% then moved into the .236 extension of the first major impulsive wave, which supports the proposition that the trend has changed. If PAYBTC 2.81% can now hold the .5 to .618 retrace of the most recent impulse, we can see a very strong...

Al3x_2020 Updated 

PAYBTC seems to be forming a triangle. A triangle most commonly forms in the wave preceeding the final wave of the pattern. This could therefore be a wave 4 of wave C in an ABC correction. If correct, we have one more drop left to the box which will then complete the pattern. From there price may rise again. Trade with care! :)

Al3x_2020

NEOBTC can be forming the final legs of wave C of wave 4. The sharp rally we saw on 7 September was likely a C and stopped right at resistance at 1.236 times the size of wave A. This is a common Fibonacci extension for a wave C. This means we can now be in wave 5 of C of 4. Wave 5 may form as an ending diagonal. Remember that corrections along the way are...