VIA made a deep retrace in last days altcoins dumps, all the way back to the bottom of this pennant.
It surprised me, but its a great chance to add more to my portfolio.
With a very active developer, I'm (long term) looking for new ATH's for VIA.
Right now its showing strong bounce from the bottom and break out of the short term downtrend.
Trading advise: buy...
This is just a smaller update in my longer term view for BTC to $6.000 (link below).
BTC went up into the blue box which I determined 2-3 weeks ago. This is a potential reversal area for me and in this box I saw a reversal pattern.
BTC broke out of this pattern to the downside, curently doing a retest of the trendline which seems to fail.
If the drop continues,...
After a beautifull run up (see link below for set up), ARK did a deep retrace....all the way down to fibo 78,6.
This was way further as I expected and I got caught in a failed breakout and the dump from last days.
As I'm long term bullish on ARK, I took the opportunity to add more to my position around that fibo level.
The target shown on the 240 chart is longer...
Seems to me that OMG completed a 61,8 correction of the total upmove from the beginning.
This means, a new trend has started which should be leg 3 in a total of 5 legs. Top of the leg (which just started) might be somewhere towards 0,0045 (rough calculation).
To give this leg some good start, it needs first to break the yellow trendline and at a later stage the...
I'm following TCT since quite some time and it seems to me that it might be ready to start a new run up.
On the Daily chart we can see that it retraced a lot from earlier pump and found a bottom where it bounced nicely in the past days.
Price already went up to the trendchannel but bounced off. The following correction reached my fibo box and is a sign for me it...
ARk made a long ABC correction and is closing in on the possible bounce area (blue box).
The correction went deeper as expected at first sight, but is almost complete now. (see previous set up for ARK below)
As we can see biggest part of this correction is in a corrective pattern, so I have been waiting some days/weeks already for this moment. Suc a corrective...
This time I have a smaller coin for you all.
I've picked it up earlier this week, seeing it bottoming and starting a little upmove.
For now, it has smaller volume and not really picked up by the crowd but we all know how quick this can change in cryptos!
On the bigger timeframe we can see an early pump, followed by a deep retrace and it seems to be bottomed out....
WAVES had a long period of retracing but seems to have bottomed out and is already slightly moving up.
It seems that quite some news is coming out in the next weeks, so we might be at the beginning of a long awaited bullrun.
MACD is already in green, a bit more volume would be highly appreciated to support a possible break out.
Trading advise: just watch it, put...
Stratis suffered a long time and pulled back far.
With the upcoming release of the wallet and some other developments, this might go up hard.
My bet is that it has been accumulated hard in the past weeks.
Breaking the yellow trendlines would mean "free air" and lift off.
MACD already in green....
Will update later (if it goes up) to determine targets, short...
Not sure if this is gonna work, but normally it should.....
After an upmove, Expanse formed a flat correction, which is a Trend Continuation Pattern.
To me, it looks like it finished the 5th leg and it should move up now.
Breaking the upper trendline will lead us to the blue box which is calculated with Fibo Extensions from previous upmove and equal to the...
I dont know about the fundamentals for this coin, I just look at the chart and I get the feeling that something is brewing......
Strong rise in volume and about to break out after some days of steady rise.
Lots of buzz around this coin, I just look at the chart and I see a break out after a deep pullback.
Try to buy after a consolidation or correction in a bullish pattern (see link below)
Will update later when I can determine a target.
LTC made a deep pullback after its recent upmove (see my chart below at the "related" area).
It seems to me that the correction is finished and I'm looking for a potential breakout to the upside.
Looking at the recent upmove and its correction, and using Fibo extensions my next long term target is towards $120 but thats a long way to go.
Lets first look at a...
LOoking at the various timeframes, we might expect a break out coming soon.
Daily: deep pullback almost into to the previous accumulation zone (orange box on the left). Currently in a trend reversal patter with strong rise of volume.
240: is showing the trend reversal pattern, close to completing a 5 legs pattern. This pattern may also continue further to the...
XVG also made a perfect ABC correction of the previous upmove and showed a strong bounce.
Right now trying to crack the tredline, we might see some consolidation first.
Once the trendline is broken, its best to buy. Wait for the breakout!
Next targetarea on chart, based on fibo extensions
XEL bounced perfectly in my targetbox and completed the ABC correction of the 1-5 pattern.
It bounced strong and is currently looking good to break the yellow trendline which confirms further upmove towards the next targetbox.
Ethereum made a perfect ABC correction and hit my targetbox, followed by a strong bounce.
I could write a long story here about all sorts of supports, resistances, harmonic patterns, h&s, bla bla but I like to keep it simple:
We might see some correction after this strong bounce but based on my Fibo calculations, its pretty clear to me that ETH is going for $...
Yes, I'm calling it again (see previous posts, linked below). I have a clear picture that BTC is heading to $ 6.000,- in mid term.
This weeks stormy days, gave us a healthy and needed correction which gives me even a better feeling of heading to 6k.
Looking at the daily, I see a 5-legs pattern and we just formed the 4th leg. This was an ABC correction which I...