AmazinRaisin

AmazinRaisin Updated 

Litecoin has been lagging behind a lot of coins. It's starting to look like one of the better coins to buy because it broke out of a downtrend line and an ascending triangle with volume. If it retraces, the $50 mark will act as strong support. Previous ATH was $400 so this is still great opportunity. Not financial advice

AmazinRaisin

As I have been saying in previous posts with Eth. This will be confirmation of the run up with the test of the Tenkan line which is the blue line at $230. If the price hits that area its a must long. I think this is just the start of something that will be way bigger. I circled the last time TK lines went above the cloud. PA hit both lines then shot up to about...

AmazinRaisin

The Ichimoku cloud is screaming bullish AF. Everything is confirmed with tenkan and kijun lines above the cloud and the bullish cloud twist to green. All there is now to do is wait for PA to hit tenkan line and/or kijun line for entry. I think after PA dips it will push way higher. You can look back on previous PA and see that since inception of Eth, the price has...

AmazinRaisin Updated 

There's only been a few cases since Eth''s inception that this has happened. Each has had massive gains ahead. There needs to be a few variables that need to occur. 2 out of 3 have happened so far. The 1st is the ichimoku bullish cross which has happened. The 2nd is the tenkan (blue line) which is over the cloud now. The final step for it to be extremely bullish...

AmazinRaisin Updated 

Eth has been on a tear but has stalled out right at the 21 weekly moving average. I will be interested in buying once there's a close above the 21 weekly MA. Another interesting thing I saw on the weekly is the MACD has been accurate on when to buy on the crossovers. The histogram is almost positive now and there's about to be a bullish crossover. Things are...

AmazinRaisin Updated 

I'm eyeing the .886 FIB for there to be a bounce which is at $1.60. There's about a year of price action support from 2016-2017. The RSI is in a falling wedge and getting to be in the way oversold areas. The MACD is starting to form a divergence a bullish divergence on the histogram and have a bullish weekly crossover. If you look at the weekly bullish crossovers...

AmazinRaisin

Bitcoin is in a WXYXZ correction right now. Currently bitcoin is still in the Z wave correction. The A has completed. Now its forming the B wave up. Once the B wave tops off there needs to be one last push down to complete the C wave to complete the WXYXZ. Once the correction is done I think bitcoin should go higher than 14k. The green line where the Z wave...

AmazinRaisin

Bitcoin is starting to get extreme pessimism from the general public which is usually a sign its nearing the bottom. It's also in a falling wedge. There still could be a chance bitcoin could drop again. If it does some good areas of interest are the areas of support shown above. The 200 weekly moving average has held every time so far. If it does hit the 200...

AmazinRaisin

Some indications of Bitcoin correction coming to an end are showing. The RSI will be showing a double bullish divergence if price drops lower than local lows. The .618 FIb is at around $7200 which should have buyers buy in at. I think were in the C wave of 5th wave forming right now. In the 5th wave I think we're likely in either wave 3 or 4 with a possible sweep...

AmazinRaisin

The Alt coin Market has finally shown some signs of life since the end of June. Wave 2 should be complete imo. I see multiple indications hinting for another move up. It bounced off the 200 weekly moving average. In higher time frames the RSI should hold above 40 in bull market which it proved to do so. I did a FIB extension to see an approximation of where wave 3...

AmazinRaisin Updated 

A great long term buy opportunity is coming up. I think Ethereum is in a wave 2 WXY correction right now with the Y wave soon to be complete. As you should know wave 3 is usually the strongest impulse up in the 5 wave structure. Price will likely hit at least $500 I think. If you look on the Daily RSI, bullish divergence is starting to show up. Ethereum is at the...

AmazinRaisin

The total market cap is starting to show early signs of the end of the consolidation. It hit the 21 weekly moving average and bounced. In a bull market the 21 ma needs to be tested and bounce to keep continuing to the upside. The weekly RSI is showing hidden bullish divergence. The .5 FIb has also held up well. The total market cap is near 2 months of...

AmazinRaisin Updated 

If this is a true impulse we know that wave 4 cannot go into wave 1 by more than a wick. Wave 4 is getting close to Wave 1 territory right now which would mean there's a good risk/reward trade. Looking at a FIB extension wave 3 hit the 1.618 extension meaning that the 5th wave should hit about the 2.618 extension area which the price will be $14448. The C wave in...

AmazinRaisin

Eth/btc pairing has getting hammered and has lost almost 90% of value since ATH. Looking at higher time frames I caught that the RSI is nearing 40. In bull markets usually 40 should be the bottom. I think there will be a bounce sometime this month. Also, keep in mind RSI may go lower than 40 this month but the close just needs to stay above a 40 RSI. There has...

AmazinRaisin Updated 

Too many people are thinking its going to go down right now. I think at the very least BTC will have 1 more push up. The daily ichimoku cloud has proved to act as strong resistance and support over the past few years. So I don't see why the could wouldn't push the price back up. Also, looking at the crypto fear/greed index is in the teens. When people are fearful...

AmazinRaisin

The daily RSI shows bullish divergence. That could have been the first impulse up. If this is a ABC correction instead of an impulse up, then there still should be another push up for the C wave. You can see the price already dropped 48% during the correction. The catalyst of the halving Aug 5th should push up the price as well. Entry: Around here about $91 SL:...

AmazinRaisin

The abc looks to be finished with the first minor impulse up. Regardless of being bearish or bullish, there should be a high probability of another 5 waves up. The big question will be after that, is there a 5th wave or is it an abc up. I think price should hit around 12k before going down. This is the bearish view which will still go up before going down. This...

AmazinRaisin

Alts bounced off the weekly 21 SMA confirming it as support and bounced off a big support area prior to the capitulation. On the previous run up you can see when the 21 SMA was hit the RSI was 50 and that's what it's at now. All in all alts have a high probability of holding up. If bitcoin does drop more I don't think the impact will be as big. Next support is at...