ChartrunnerMan

ChartrunnerMan

We are in a channel. In the middle of a Measured Move. Although we could pullback to the EMA 20 there is still upside to 100% FIBs.

ChartrunnerMan

I believe BTC will retest at the high first before selling off. We get another push down then retest to a double top then all bets are off.

ChartrunnerMan

We are at the top of the range.

ChartrunnerMan Updated 

S&P is looking bullish for now. It will retest the upper channel. Looks like we are in a spick and channel pattern. We will at least retest 3100.

ChartrunnerMan Updated 

The buyers are getting exhausted and will wait for lower prices before committing more cash. In the short term, we will retest the 9486 then break to 8000.

ChartrunnerMan Updated 

Have we found the bottom in BTC? I would not buy until I see a break of the channel and a retest of the low. I would have to see a rejection of the lows twice before I can say the bear channel is over.

ChartrunnerMan

BTCUSD may go into a range then retest at or near the lows before we transition out of the bear channel. The bulls are still waiting for the retest.

ChartrunnerMan

We are in a short term bullish channel. We could see some choppy back and forth but we will eventually retest the high of the channel.

ChartrunnerMan Updated 

ETHUSD broke out of the wedge and failed. If it can not test the high within the next day then we are going down to the 2nd(569) and/or 3rd (300)target.

ChartrunnerMan Updated 

Now is the time to pick up some LTCUSD while it is range bound and out of the lime-light. It will have its day again. LTCUSD will test the bottom on the range than head back up to test the highs. So bearish on the short-term but bullish long.

ChartrunnerMan Updated 

I notice these flash crashes always get retested. I think now is the time to set your order for a cheap pickup. I would set a limit order on the target zone and let the market come to you. After the flash down it will return back up for a quick profit.

ChartrunnerMan Updated 

SPY will retrace to fill the gap. It may happen over night into tomorrow. We may get one move higher then a flush back down to fill the gap.

ChartrunnerMan

When Bitcoin sneezes altcoins get the flu. I believe RPX will reset at .25 then began to rise.

ChartrunnerMan Updated 

We have not made it back to the other side of the trend channel. We even tried to get past the midline and the EMAs several times but failed. If we do not get past the midline in the next day or two, the price of the Digital Gold will go down to Previous Support (9369.00). However, It will eventually find a base and trend higher.

ChartrunnerMan

Hopefully I am wrong about this but BTC could get another wave down that will be equal to the first two waves. I will be watching the price action on the daily chart once we reach resistance at the upper trend channel. If it shows weakness then I will prepare for another down wave. I am bullish long-term but we are still digesting this quick run up for now.

ChartrunnerMan Updated 

BTCUSD is heading down to R1. If it can not hold here then the next level is R2. BTW 5780 is a standard deviation down from BTC's all time highs. Will it make it? Leave a comment if you think so.

ChartrunnerMan

Has the bubble bust? Not sure but my next target for LTC is back to its base at $60. That is 1 standard deviation from the range.

ChartrunnerMan

After a monster move up, we are conslodation and putting in a new floor with each day. As you can see BTC has not retraced more than 50% on that monster move. If you believe in the power of Fibonacci extintions or measured moves than the next leg up will be $27,000. The could take weeks or even months. However, the more we stay in the current pattern the more...