I think this is a failed impulse wave up after the ABC completion. On this current impulse up the A and B wave have completed and there will be one more push up for the C wave before another collapse. The 4 hour ichimoku is providing good support. I think it should hold. Also usually Friday and Saturdays have played a role on prices pushing up. However, the longs...
Litecoin has just had an impulse wave up. I'm looking to add on the correction $69-71 range. Stop below $65.31. This I think this could be the start of something a lot bigger.
Stellar has been dropping in bitcoin value for some time now. However, there are some clues that a reversal should be incoming. Today's daily candle has formed a hammer. The candle hasn't closed yet, but I think with a few hours left on the candle it should remain a hammer. Furthermore, A bullish divergence has formed on the daily RSI indicating a trend change is...
I think Bcash probably is consolidating and finishing up the C wave in the wave 4. Doing an extension of the A wave got it to a price of about $236 which is near the .5 FIB. It also could double bottom so laddering buys around $260 to $230 would be a good idea. After the wave 4 correction seeing a price in the $400 range wouldn't be too surprising. It could go up...
Ethereum is still technically bullish since its above the Ichimoku cloud. Unfortunately, the closing price fell below the must hold zone forcing the Stop for the last trade. The next question is where will the bottom likely be at? Placing an FIB retracement swing high of $187 to swing low of $156 you can see the rally failed at the .618 FIB of $176. The price hit...
ADA is touching former resistance that is now support. Also, the price is in the support of the ichimoku cloud. If the daily price close can hold in or above cloud support should be a great sign for further upside. If this is a 5 wave impulse up it there should be 1 more wave to come. The 4th wave seems to be finishing up creating a great long opportunity for...
XEM as I said before is 1 of the best fundamental coins out in the crypto sphere. This makes me believe that it should have a recovery to its price. If you look at the 21 MA on the weekly chart and see the price cross over it after a long time under the 21 MA. It seems to be the first indication of a trend reversal. As long as the weekly price closes above the 21...
Ethereum broke out of the ascending triangle with volume. Then retraced to test former resistance as support. The support held confirming that Ethereum will continue its bullish trend up. The RSI trend line held as well. Measuring out the ascending triangle gets a take profit point around $245. This will probably be the top of the 3rd wave. The 5th wave up will...
XRP is forming a rising wedge. If it breaks down it will likely hit the 6600 mark. RSI on the daily chart has been weakening as well showing bearish divergence. Along with weakening volume and rising price indicates the price will fall.
LTC is forming an ascending triangle. The price keeps bouncing off the ichimoku cloud as support. Measuring out the triangle gives a price projection of $110. Price should consolidate there and go up to 2nd TP of $138. Buy: around this price. Few dollars up or down around $91 is ok TP1 : $110 TP2: $137 SL: 85.24
BCH has shown some signs of strength in having the .5 FIB hold. Looking at the ichi cloud there's going to be a twist occurring in the near future. Also, there's a big gap that needs to be filled on the gap down. I see 2 areas of confluence for TP. 1st is the -.236 FIB, along with the 1 FIB wave extension, and 200 SMA at $262 to $270. The 2nd TP is at the -.618...
Eth broke out of the ascending triangle with volume. Measuring the triangle its projected to go about to $246. The ichimoku cloud twisted bullish as well. If break out tests support, add on and buy around $160ish. TPs are the red horizontal bars
Don't be fooled by these bears saying its going down to triple digits or this will last for years longer. The halving of btc is in mid 2020. This should be a big factor in it becoming bullish again. The key thing to watch here is the weekly bullish divergence on RSI. This does not happen often and in rare cases it does you want to be sure not to miss it. I'm...
I think there will be 1 last drop on dash to about $48. The weekly RSI should be bottomed out now. However, there needs to be a sign of bullish divergence as an indication that this long downtrend is over. This means the RSI creates a higher high and the price creates a lower low. Dash could reach $90 before the drop but I'm sitting out until the sign of bullish...
The S&P is on its last push up before another downfall. There's a rising wedge that has been going on for its 4th week now. It looks like a clear bear flag to me also. The RSI has already fallen out of its rising wedge indicating a drop should be coming soon. In a bear market the RSI usually tops out around 60. Currently its at about 57. There's way too much...
A falling wedge is forming and I think its going to reverse somewhere near the last bottom to form a double bottom. Shorts and Longs for BTC are not close at all in contracts. There are way more longs than shorts currently. You can see that shorts are showing bullish divergence on the RSI. Indicating there will be a long squeeze likely coming soon. This...
The S&P 500 is in a relief rally and you can see it's forming a rising wedge. I did an FIB retracement on it which shows it just tapped the .5 FIB today, but I think it should go up a bit higher. Now that it's bearish the RSI shouldn't get above 60. Also, the RSI is forming a rising wedge that looks like its going to drop right around 60. On the previous drop It...
The S&P bounced off the weekly 200 SMA which should give momentum for a short term uptrend. The weekly RSI is so washed out as well. It looks like it is on wave 4 of the A wave right now. Placing a FIB retracement on the swing high and low shows very high resistance on the .5 FIB which is 2643. I think that's the highest probability of where to sell and place...