AlamoZ28

AlamoZ28 Updated 

If BTC rallies, alts get rekt. If BTC continues to correct, it will drag alts down with it. Either way, there will be blood. Protect your milkshakes! t this juncture we've completed the first 2 waves of a nice elliot correction.....short entry over 71, short term and long term targets marked. Set your stops to taste and good luck to all. -Alamo

AlamoZ28 Updated 

A lot of new market forces. In addition to the new money and corporate players, the second round of CME gamblers could be seeing the crypto community vote with their money. Hosing the longs is a valid strategy for the hometeam Whales, especially given the oppositions depth of pocket. We should expect an extended slide, this should not be alarming, the sky is...

AlamoZ28 Updated 

Nice double bottom on the 2 hr with RSI confirmation on the daily. This is a short term trade. A nice setup for a leverage trade if you're comfortable. Entry is anything below .063, long targets are marked. Set your stops to taste and good luck. -Alamo

AlamoZ28 Updated 

Historically, one of my most consistent calls and my hands down favorite coin to short. As a result of its intimate relationship with BTC, Eth or BTC can be used to predict the movement of the other. Because Ethereum continues to adhere so perfectly to its established trading range, and because there are a significant amount of uncovered buys still out (see...

AlamoZ28

This current bounce was nothing but BTC stalling mid-correction. After weeks of parabolic activity it had to happen. Be mindful of ALT positions, avoid the suckers rally as this further correction will no doubt drag the rest of the market down with it. This is not bad, this is not a surprise, just trade accordingly. Target for re-entry is 8-9k. Good luck to...

AlamoZ28 Updated 

Caveat: Due to the seasonal bearishness of alts, this could be the mother of all bull traps. Proceed with caution. That said, after a textbook elliot wave bull run forming the back half of the cup, we've seen a beautiful handle appear. I would avoid early position in order to reduce exposure to possible downside. If we have an upside break, there will be...

AlamoZ28 Updated 

OMG setting up for a glorious 3rd pump. Chart looks healthy. 3 target zones clearly marked. Be sure to take profit in Zone 1, as BTC is king right now, and there are no moonshot guarantees, no matter how promising the coin. The more risk averse may wish to wait for confirmed break out before entering. Those comfortable with more risk exposure will likely opt...

AlamoZ28 Updated 

Though ultimately bullish, As of today we have enough data to finally establish the boundaries of the BTC channel. Being well off both the 50 and 200 MA, and with 4hr RSI @ 81.2, correction is imminent. The last time we saw the 4hr RSI this high, there was a near term 300 dollar drop that ultimately turned into a 500 dollar correction before reversal. That...

AlamoZ28 Updated 

- network instability - transaction delays - security concerns - Focus on BTC - Summer prices settling (notorious bear season for crypto) With all things mentioned fresh on the minds of traders it is no surprise that ETH crashed through the previously established trend line, leaving us with a new potential target at a previously established ceiling and fib line...

AlamoZ28 Updated 

After an incredible run and a perfect 100% retracement from breakout GNT is once again at a price where longs can be established. Though Daily RSI does indicate reversal, the current BTC situation must be respected for the more risk averse. I would suggest delaying entry until after the BTC dust settles. Those who are more comfortable with risk exposure could...

AlamoZ28 Updated 

After an insane run to .015 and with the recent BIP91 surprise helping to accelerate things south, ETH has settled into a nice fib retracement and returned to its established channel, we can now consider long positions for both near term profit and long term gain. Those who are comfortable with the inherent volatility of crypto markets can begin buying now, while...

AlamoZ28 Updated 

Examining the BTC Daily chart provides a good point from which to establish our next short-term long position, and gives us good perspective on the overall BTC trend. While we are currently bearish we have enjoyed fantastic price action maintaining a consistent 550.00 dollar range, bouncing well at key fib levels allowing for fantastic short-term long gains. ...

AlamoZ28

Keeping in mind the relative small size of the crypto market, once this bear cycle has finished, an even stronger bull market will emerge in the wake of the imminent new money. ZEC has finally completed a near perfect .78 fib retracement and is just beginning to settle back into its primary support channel, this provides opportunity for both seasoned day traders...

AlamoZ28

As BTC approaches it's 2480 daily peak, we can see all how closely it is tied to altcoin performance. If you played the bottom of the alts, the top is coming fast. Exit longs, begin analyzing short opportunities (ETH is the one I'm really looking at).

AlamoZ28 Updated 

My first analysis, all criticisms and suggestions welcome. ETH trading well above the established trend, must correct before further moves. With segwit looming and the recent ETH network collapse still heavy on the minds of investors there's nothing to stop the slide toward support levels. Eth is right now setting up beautifully to enter a short around .015. ...