XZC recently broke out if a descending triangle to the upside.
This looks to me as a logical continuation of a 5 legs cycle (labelled as ABC on left chart).
Shorter term: found a bottom, made a 5 legs up, retraced in an ABC move and seems to have started next cycle up.
Broke out and currently pulling back/consolidating before possibly a 3rd leg up...
Looking at my expectations for BTCUSD, I'm expecting 1 more (big) move down for BTC.
This would perfectly fit in this cycle.
One more leg up.
Its very tricky to chart these kind of pumps, high chance of being wrong but this chart looks pretty logical to me.
Its more driven on "feeling" as on Technical Analysis by combining several chart patterns from different...
ETHUSD surprised me....I was expecting some more downside on the short term (see link below) as it was in a corrective flat pattern.
But it broke out to the upside and retested the trendline and seems to be heading towards the top of this pennant.
Longer term I'm expecting a break to the upside towards the blue box.
One more corrective leg is still possible,...
NEO found a bottom (check link below) and is bouncing. Broke out of the downtrend and currently in a corrective Trend Continuation Pattern.
After the big jump earlier this week, it already reatraced enough to continue its route up.
Longer term, I'm looking towards previous ATH or more.
As signalled last week, ARK found a bottom and is bouncing.
It broke out of the downtrend and is currently correcting the preious jump in price in a Trend Continuation Pattern.
Stay alert and buy the breakout or when it corrects further, in the blue box.
Longer term, I'm expecting a lot from ARK.....it was pushed down hard in this market wide downtrend and I...
After a couple of hours of charting, watching other TA's, reading about upcoming fork, possible manipulations around date of fork, observing important zones for BTC and bigger alts, I've come to following possible scenario for BTC.
The bigger picture for me is that we will see a bigger correction in BTC. We might see some manipulation towards the fork but in...
$PAY broke out to the upside and is currently forming a consolidation pattern.
A lot of buzz going around about pumps in combination with lots of news coming out in the coming weeks.
We could be at the start of a big upmove, targets on chart are premature. Can better be determined once we see a clear trend forming.
Trading advice: open a small position here...
4 of the (for me) important coins which I expect a lot as soons as sentiment for alts get better, are on important levels where we might expect a bounce.
ARK: in the blue box (possible bounce area) and closing in on long term trendline
LISK: on longterm trendline, could bounce from here
NEO: dropped below trendline but still in possible bounce area...
Long time ago that I updated my LTCUSD chart, sorry for that.... I totally forgot maybe because I check this pair 4x a week in our webinars.
I'm looking at follwing pattern: a possible 5 legs up wave. We just finished leg 2 on fibo 50% and starting next leg up towards the blue box.
Pretty simple set up, most of times they work the best.
Less is more.
I was expecting ETH to bounce from the blue box for more upside but its showing some weakness, what makes me think that it will revisit the lower trendline again, making a bigger ABC correction.
Target calculated with Fibo extensions.
Longer term, I'm expecting a break out to the upside what makes this dip to an excellent opportunity to add to your longs.
After a beauty of a bullrun, btc reached the reversal area which I determined when BTC was around 3.5-.38k (link below).
We're fininishing 2x 5-legs cycles, from 880 (more or less) and from 3000. But as you can see, the blue box goes all the way up to 6800. This means that we still might see a push further up, but a pullback will happen soon.
So, normally it...
I'm not a big fan of trading XVG as it can make unforeseen moves due to the big whales playing with it (while I was monitoring).
But the latest movements show a nice pattern which could lead to a x2.
On bigger timeframe its in a pennant, forming a 5 legs pattern and now in the area to complete leg 4.
Lower timeframe is showing an ABC correction of the previous...
After a deep retrace, it seems that OMG did an ABC correction back to 61,8 fibo level.
After several days hoovering around this area, it looks to be bouncing from here.
Its a bit early to be sure, but this might be the start of a new cycle, which could bring it to 450k SAT.
I will update as soon as I have more confirmation.
Syscoin retraced a lot recently and bounced from the blue box and shows strength and might be one of altcoins which go up no matter what btc is doing.
It just broke out of the downtrend and currently correcting this with growing volume.
I'm expecting some more downside and maybe a retetst of the trendline where I will decide to buy or not.
Syscoin has some good...
This post is an update from my earlier set up, about a month ago where I called (again) BTC to $6.000,- Link to that set up is below.
Past days, we have seen a mind blowing bull run for BTC. Since the first set up, it rose $2.100,- in a month with some spectacular movements up this week.
In my opinion its very tricky to chart BTC in such days. When its on a...
Like many other coins, WAVES suffered hard in the recent market wide dump and fell below the support line.
Right now, its recovering and climbing back up above that support line.
I'm expecting it to pick up again the upmove where it was last week.
First good sign is consolidation above the horizontal trendline, next is breakout of this pennant.
After this deep retrace for NEO and dumps last days, I bought a decent amount of NEO for the mid to long term.
On the left chart I notice that it bounced off from the long term support line, indicating that it might have started its next leg to a new ATH.
Short term it broke out of the smaller downtrend and bouncing in a reversal pattern which can give you a...