CryptoBullGod

CryptoBullGod Updated 

When Bitcoin moves, Litecoin moves Sometimes Litecoin has even proven to be a leading indicator for Bitcoin's price movements Right now Litecoin is setting up for its move above the black descending trendline. The MACD, STOCH, STOCH RSI all show bullish divergence. It looks like price accumulation to me. Once we clear our $60 price target (major area of...

CryptoBullGod Updated 

This is a Monthly view on Bitcoin The blue descending line shows resistance on BODIES of our monthly candles The black descending line shows resistance on WICKS of our monthly candles June's closing price will determine, IMO, what type of price action we will see for the final 6 months of 2020: (1) Close >= $9,400: Our body is ABOVE blue descending line...

CryptoBullGod Updated 

We may be in the midst of forming an inverse head and shoulders within Bitcoin's chart. I have provided a 5 day with an initial break-out target if this pattern indeed forms.

CryptoBullGod Updated 

Bitcoin sure does like to make triangles in its chart Back in 2018 we had the infamous bearish descending triangle leading to Bitcoin's ultimate bottoming What if (while smaller), we are now beginning to see a bullish ascending triangle that will ultimately lead to Bitcoin's first higher high in over 2.5 years around late June/late July? This is a valid...

CryptoBullGod Updated 

This is a weekly view on Bitcoin I drew what I believe is a broadening wedge pattern which I believe is in the midst of breaking to the upside One of the keys to this pattern is that the upper downward sloping trendline has been drawn at the BODIES of the candles, not the wicks If you look left you will see 2 red circles showing where we wicked above the...

CryptoBullGod Updated 

Zoom out and keep it simple: 1 of the most invaluable lessons I have learned for myself that works for me. This is a monthly view of the Total Cryptocurrency Market Cap A few key items: (1) Grey downward sloping trendline: Most important trend line to break. - It is projected using the body of the monthly candles - We are currently piercing through...

CryptoBullGod Updated 

This is a daily view on XRP I am drawing attention to the most common "golden cross" in charting: when the 50 SMA crosses above the 200 SMA What I am specifically drawing attention to is the following: - During our prior 2017 bull-run, it took the 3rd golden cross to enter our bull market (SHOWN BELOW) - The first 2 golden crosses (red circles) resulted...

CryptoBullGod

Everything about this looks mega bullish to me I love how the indicators look I love the current body of our candle is pressing up against downward resistance Volume has picked up Once we explode out of here, it will be nice to give those fib extensions a serious look

CryptoBullGod Updated 

A quick zoomed out view of the monthly on Bitcoin: Feb-20 currently does not look good from a candlestick formation. Body of the current candle has a long top wick and red body; not pretty. Ideally would like to see us close the month at $9.4K+ Nothing has changed my long-term outlook, however, I will be very curious to see how we end the month of February

CryptoBullGod Updated 

The hatred for XRP, the fear, the level of uncertainty, the frustration, the level of hopelessness is EXTREMELY HIGH. Once we see the next major sustained break-out, this will all change. I plan to be here prior that change in emotion. Just like the xrp and xrpbtc charts I have shared, we have another falling wedge in the xrp dominance. I believe we have...

CryptoBullGod Updated 

I still see a potential ascending triangle on the bitcoin chart This is a 2-day chart (you could look at 1 day, but I am showing 2 day to condense view) Initial target I have is right at $10K This happens to be at our multi-year down-trending resistance line Things I like that increase the odds of this: 1) Price Indicator movement (especially MACD which is...

CryptoBullGod Updated 

This is a Monthly Total Market Cap view for all altcoins (excludes Bitcoin) 2 Lower Highs are Shown with the red lines and corresponding red arrows What altcoins need to do: (1) Break and close above 1st lower high for a month at $116B Next (2) Break and close above 2nd lower high for a month at $142B We of course do not need to accomplish both in separate...

CryptoBullGod Updated 

XRPBTC appears to be in a massive falling wedge (black downward trend lines) spanning Jan-18 thru Mar-20 If you scroll to the left you will see a similar falling wedge play out: Aug-15 thru Mar-17 Time will tell, but if this is a falling wedge, we may get a larger bounce than most I have seen publish expect Over the coming several weeks, we could see a drop in...

CryptoBullGod Updated 

I have seen a lot of different views of XRP on different time frames. I have another chart out there on the weekly painting a nice picture. However, zooming out on the Monthly view shows what looks to be a falling wedge (pay attention to the black trend lines). I am not crazy about the Feb-20 monthly close (however, same applies to bitcoin, eth, TOTAL, TOTAL2)....

CryptoBullGod Updated 

I decided to update my Dow Jones view given the recent price action. Wave A has declined at both a more rapid & severe level than I originally anticipated. Given this fact, I have updated my projected levels for Wave A bottom, Wave B top, and Wave C bottom. I would pay much less attention to the time frames. Chart Analysis is all about taking educated...

CryptoBullGod

Chart Title says it all: Look at the Green Circles: They indicate major shifts in price direction Look at the Yellow Circles: They indicate major shifts in volume This suggests we will at the very least go up from here and test our downward sloping black trend line

CryptoBullGod Updated 

Before I share my commentary on the technicals, I would like to point out that I do have a fundamental bias underlying my view of things: The more I have educated myself on US history, monetary policy, and consumer behavior, the stronger my conviction has become that the US has continually kicked the can down the road surrounding an extremely large bubble it has...

CryptoBullGod

Quick zoomed out monthly view on XRP: Current Feb-20 monthly candle looks bad An extremely large top wick and red body If Feb-20 closes with a sizable red body I will need to re-evaluate my current mid-term outlook I would ideally like to see us close $0.25+