Cincottitrader

Cincottitrader

Like I stated in my previous idea, bear market has not consolidated yet. Historically after a bear market there is a mid to long term consolidation process. There is no bull market yet, regardless of fundamentals. Big whales are dumping on noobs and that is it. Price is being manipulated. Head and shoulders formation, expecting a bounce at 137 level. Volume is...

Cincottitrader

Hello crypto people. As you can see there was a false breakout after all. The problem is that when the first breakout occurred at around $115 LTC, the breakout was not organically. In my opinion a small group of people or institutions just pumped the price with high volume of buy orders. It is dangerous when this events happen in a bear market because since the...

Cincottitrader

Yessir no more saying. Follow me for more updates and professional TA.

Cincottitrader

HEAD AND SHOULDER FORMATION Usually traditional market cycles don’t consolidate that fast before becoming bullish again. There is a potential Head and shoulders formation which would trigger the market downwards with heavy momentum. Stock RSI, going downwards and RSI oversold while touching a heavy resistance area at the $8900-9100 levels. I

Cincottitrader

In my opinion we have not ended yet the traditional market cycle pattern. In general after the market finishes the cycle there is a mid to long term consolidation time. This is a potential bull trap since the head and shoulders formation. There is a downtrend formation but the RSI is oversold and the candles have repeatedly fallen below the lower bollinger...

Cincottitrader

After the bull flag there is a reversal trend. We already overcame the next fibonacci level and bounced at it (around the $169 area) giving the first indication that the orange fibonacci level became an important resistance zone . The RSI is high but yet not oversold and the horizontal black lines show a heavy resistance level where I expect a bounce. At that...

Cincottitrader Updated 

After the bull flag there is a reversal trend. We already overcame the next fibonacci level and bounced at it (around the $169 area) giving the first indication that the orange fibonacci level became an important resistance zone. The RSI is high but yet not oversold and the horizontal black lines show a heavy resistance level where I expect a bounce. At that...

Cincottitrader

S***t skyrocketing

Cincottitrader Updated 

First of all very happy new years and mass adoption years coming for cryptocurrency. Uptrend pattern very similar to previous breakout patterns. Very exciting news coming from Waves in Dec. 31ST. It is going to be a very important date for cryptocurrencies because technically, everybody should be sitting with family and friends talking about cryptocurrencies and...

Cincottitrader

-Consolidation Signs -Bitcoin is Pumping -News Coming from Lsk -Too many speculative traders for such an attractive project