On December 28, I posted a chart highlighting what I thought was the most important line in the history of Monero. I have updated it here. In the past two years the price of Monero has interacted with this key level 8 times. More often than not it acted as strong resistance and the price fell back immediately. The one time this way not the case was in...
I think PAY is a really good coin to be accumulating right now. The Stoch is way oversold, the RSI is borderline oversold, the MACD is sitting and waiting for a bullish cross. No signals yet from the Ichimoku cloud. I think this is still a great buy and long hold. The ROI potential vs downside potential is insane. Happy trading.
LTC looks to be building a textbook cup and handle pattern. It is very important the the price stay above this support, otherwise this pattern is invalidated. LTC is a good coin, but it has had very strong moves for over a month. Don't think that it can't come down again. Always take some profits after strong runs.
In my last BTC chart I called a small inverse H&S (confirmed at 8.8K) with a breakout target of 12K. While we didn't quite make it there, we did hit 11.7K, which is very close. I believe now that we could be building a much larger inverse H&S pattern. The RSI and Stoch indicate that this retrace from 11.7K will continue and I believe (based on Fib levels and...
ARDR is a very good project, which appears to be relatively "cheap" right now, but from a TA perspective I am hesitant to buy any more just yet. We are currently sitting just above long term support and below some fairly heavy resistance. The Ichimoku is giving 3/3 bearish signals on the 1D chart. The RSI is very weak and the Stoch could be much better. Therefore...
Bitcoin is still a long way from confirming a long term reversal, however, there have been super positive signs on the 4H chart. 1. Strong Bollinger Band reversal with volume. 2. Ichimoku cloud is giving 3/3 bull signals (price above kumo, tenkan/kijun cross, chikou cross) 3. BTC has broken out of the 1 month falling wedge pattern and confirmed breakout with 4...
Super bullish on Z-Classic. In my last chart I suspected a bullish ascending triangle, however with more data I believe it could be building a pennant now. ZCL/BTCP snapshot date is 28-02-2018. Holders of ZCL will get 1:1 allocation of BTCP (Bitcoin Private) during the upcoming fork. This will fuel a massive pump I believe, most likely followed by a huge dump...
ZEC does not give a FUCK about the BTC crash. Ascending triangle building. RSI bounced of 50. Stoch is oversold to we will likely see more consolidation before a breakout. PM me for entries, targets, custom charts, access to my paid Telegram group or my chart analysis course.
Super bullish on Z-Classic right now. From a TA perspective, we are building a small ascending triangle inside a much larger one, the RSI is strong, price well above the kumo, chikou and tenkan have made bullish crosses. From a non-TA perspective, holders of ZCL will get 1:1 allocation of Bitcoin Private during the upcoming fork. This will fuel a massive pump I...
I'm bullish on LTC for a number of reasons. 1. It is building a nice big pennant on the 1d chart. 2. Stoch is oversold. 3. Price remains above the kumo. 4. Big year ahead for LTC. I do think we will drop a bit before breakout though, based on a weakening RSI, Tenkan crossing the Kijun from above and seemingly inevitable Chikou cross. Definitely one to keep an...
FLDC seems to be building a cup and handle pattern. Stoch is way oversold. Price above kumo. Waiting for tenkan to cross kijun, chikou cross, RSI to build support above 50, and the trigger line to be hit for confirmation of a bull move. PM me for entries, targets, custom charts, access to my paid Telegram group or my chart analysis course.
Link has build a very compelling cup. Now, we should see some downside to create the handle. RSI confirms reversal, still waiting on Bollinger bands to confirm. Long term the price is above the kumo and the Chikou is way above, good bullish signs. PM me for entries, targets, and custom charts. Also, if you want to learn how to chart for yourself, check out my...
Substratum is a great project. Good fundamentals. However there are many signals that it is going down for some consolidation after a great bull run. 1. H&S has just completed. 2. RSI way under 50 and no signs of reversal yet. 3. Bearish MACD cross. 4. Price under the kumo on the 4h. I suggest layered buys at each entry. PM me for targets, custom charts or if...
Ripple looks to be completing the market cycle nicely. Ichimoku is very bearish, RSI is weak, volume is crashing. This could be the last time we hear about Ripple for a while. Hope you didn't buy the top.
PIVX seems to be building an ascending triangle. All signals from the Ichimoku cloud are positive. RSI is strong and has showed a strong recent reversal at 50. Stoch is showing that we could see some consolidation before a breakout. PM me for entries, targets, custom charts, or if you want to join my chart analysis course.
PAY looks like a fantastic mid term opportunity (2-3 month hold). Very low price at the moment and the price has recently closed above the kumo, for the first time in five months. Bullish sign. Stoch allows for a lot of growth. I'd like to see the RSI build support above 50 and for the symmetrical triangle to breakout with volume. PM me for entries, targets, and...
BTC seems to be stuck in a big symmetrical triangle. Decision time coming in the next 1-2 weeks. My gut feeling is up, but it could go either way. Here are the five main signals I am looking for to confirm a bullish move: 1. RSI needs to cross 50 and build support there. 2. Stoch looks good but could go lower. Lower the better. 3. Price needs to close above the...
Looks like there is a large ascending triangle building in Bitcoin Cash. Reversal at the bottom of the triangle and Stoch is way oversold. Still early though. Here is what I'm looking for confirmation of a bull run: 1. A close above the kumo (very important). 2. Tenkan to cross the Kijun. 3. RSI above 50, building support there. 4. Volume. Happy trading. If...