I still see the bullish picture still intact for Ethereum weekly chart. So long as we don't see a weekly candle closing below $165, the probability of big upside move increases. I am expecting a rally towards the end of Q3 followed by a year-end sell-off. For this move to work, bitcoin is simultaneously rallying to all time high, and $250 billion is...
This altcoin market cap weekly chart is looking very interesting - The pull-back off the 23.6 fib level is a positive sign that the bottom has been marked, and now we can accumulate below this level like pros. I am taking a new fib from the December swing low to the June swing high, and using these levels to make my purchases - (specifically the 50%,...
I want to share my simple $ETH Analysis, as we gear up for another big move.
Since the latest dump, ETH has shown positive signs of support off the 38.2% fib retracement (a must hold level for the bullish case), and currently testing the 50% level.
Basically it's now or never for ETH to make a push - if we can't hold the structure support from the...
I still see LTC in good shape here, as the 23.6 fib warrants a good re-test after a solid pull back off the 38.2.
The $100 psychology level is also deserves to be tested for support, along with the weekly moving averages/ trend line.
I see this as another great opportunity to buy the dip!
- Buy range - $90 to $110
- Take Profit # 1 - $200
Nice to finally get some fib respect from this market eh!
Take note of the 61.8 level ($13,118) and how much resistance was recorded there - perfect confirmation that the lower fib levels will be in play (50% 38.2% 23.6%). Moving averages on the weekly time frame will be very helpful for entry points.
- In the worst case scenario...
I have taken a fib from the new swing high to low, and targeting the first 23.6 level coming in around the $6.00 mark. This is also a key structure resistance level, which was the old base from the 2017 rally. To add to bullish picture - the 200 week moving average has just started to take form, which is also sitting pretty at $6.25. Lastly, the...
If you have followed my trades for the past few years, you already know that I am very bullish on gold and bitcoin, for ultimately the same reasons - Fiat currencies are dying.
Global debt levels are unsustainable, even at these low rates, and central banks are backed into a corner, with no options left but to drop rates to 0% again - this scenario...
I see something shaping up here - the daily Ma's are showing solid crossover action, and support just came in off the 50 period (blue). I see this as a positive sign for a continued rally, and although there may be better performing alt coin pumps in the coming weeks, this is a setup that I can trust.
TAKE PROFIT: $210-220 (+40%)
If you have seen any of my other publications, you would know that I am super bullish on crypto.
Monero is just another beauty that I cover, which is shaping up nicely as a rounded bottom. The weekly chart has now seen 4 full closes above the 100MA, and re-tests are getting bought up. Also note, that weekly 20 (orange) is curling up aggressively,...
Here is a look at $XRP on the weekly log scale.
This is a very nice looking chart in terms of candle structure - giving the appearance of a rounded bottom.
Bulls appear to have won the battle of the wedge decision time, which lasted a total of 240 days, and now needs to see follow-through.
I can see that these fib levels will be in play as we...
Here is what I see shaping up on $BTC weekly chart - a potential great buying opportunity.
If the bears can take us back down into this weekly MA cluster, long-term buyers dreams will have come true, and wallets will get filled.
Great entry points for building positions:
..anything with a 5 in front is history.
Do you see what I See?
Log scale $ETH looks really good on the weekly - we have broken the trend-line resistance, and begun fresh up-trend.
The 5th elliot wave count is looking primed.
If we can clear $420 level, game on for new ATH extension targets, $1,000,000 makes sense.
best of luck, hit thumbs up
This market cap chart has helped me immensely these past few years, so I hope you enjoy this 2019 forecast on the weekly time frame.
Just a few things i want to point out on the chart, that are making me extremely bullish about the prospects of another $250 billion entering this market:
1. The bottom is in - this is signaled by the 200 week MA in...
I think we will see a pull back next week for $BTC and therefore the entire crypto market. Critical TA to note is the re-test of the trendline break (yellow). I believe we will need to test the 6k floor support at some point, and with a daily RSI stretched passed 80% in combination with a few other key indicators (on chart), this presents a great opportunity to...
Ethereum looks really good on the weekly here, We can see the price has held above the 20MA (orange) for over a month now, and is preparing for a big push towards the 50MA (blue). If we can close a week above here, there is no reason why we can not see a fast and furious rally towards $400, similar to what we saw July 2017.
I am well aware how...
This has historically been a big resistance level. and the overbought conditions feel very similar. this is a ballsy move shorting something pumping this hard, but if there was a level to wait for - this would be it.
RSI conditions similar to August 2017, when a following 40% drop occurred from these levels. I cant imagine this continuing to pump on the daily,...