In my last post here, I did warn of 3 major resistance to look out for, the $4150-$4200, $4400 and $4800-$5000 and I did told you where I expected price to pull back..($4100-$4200 area) So I was not surprised when the bears took over at our 1st target...$4198. The long dildo seen on the daily chart shows how strong the sell pressure is, and this is a sign that...
Nine months of downtrend, five months of consolidation, LTC may have finally found a bottom after a flush wave 3 break above the 200 day MA, with a new trend emerging in what appears to be a bow formation and a broadening wedge. One of the xteristics of a broadening wedge is it ability to gather strong moment on either direction hence the strong move up towards...
Here is a quick update of my last BTC chart analysis...... In my last post, i did talk of a possibility of having a repeat of the 2013/2014 bear market price moves, and i did warn of a one or two weeks period of consolidation, as the 200 EMA indicator was beginning to flatten out. Well thats exactly what we are seeing now, as Bitcoin's price has been held bound...
Its great to be back here again after a long vacation. Looking at the bitcoin's chart holistically and comparing the present chart with the 2013/2014 bear market chart, its very clear that a final sell-off is on the way, and could start anytime soon. In Technical Analysis, there are three assumptions that analysts/traders/investors have used for decades as a...
Here is a quick analysis on BTC In my last update, i actually pointed out with reasons i believe Bitcoin may have hit bottom, and a new market structure may as well be forming after breaking out of the descending triangle on a sideways move. Looking at the daily chart on a log scale as many have pointed out in my last update, its clear that we are still withing...
Jumping off my last BTC update, i did establish that we successfully got our higher low formation both on the weekly and daily after a flush break below the $6500 support area. However, with the bounce from the $6200 support area, back to the $6500 consolidation area, coupled with the flush break out of the descending triangle on a sideways move, the bearish...
NEO mostly referred to as the chinese ethereum is a rare gem with a potential 30x-50x at the peak of this current market cycle that is just starting. In Jan 1 2017, NEO was just $0.14 on coinmarketcap.com, and by Jan 2018, NEO was priced at $157 ATH, that's a whooping 1000x plus return in just 12 months......are the days of 1000x truely over?....... Time will...
Jumping off my last update, i did expected to see a break to the upside as the bulls were showings signs of strength as shown by the continuos higher low formations. However, the stock market sell-off (which was expected anyways as the stock market is long due for a total trend reversal....crash!!!!!) quickly created panic across the crypto space hence the...
Its been a boring 14 days of sideways move for the price of bitcoin, but recent price action seems to be showing increased signs of a possible upward move in price. The spike in volume hours back brought about a $220 increase in price, but the momentum could not be sustained as price was quickly rejected at the confluence of resistance of the symetric triangle...
One of the newest blockchain project with a real use case is Pundi X. This coin has been on our rader since August 2018 when price bottomed out at 19 sat from a high of 215 sat in june 2018. Price has been on a very strong consolidation between 19-23 sat since first week of Sept 2018 and is getting ready for a massive rally in this Q4 of 2018. The month of Sept...
Glad to be back and better again after being constrained by a little health challenge over the past week. Though still on a recovery mood, but i should be fully fit before weekend. Last weeks chart, I was still leaning bullish that we had some further upward price action to come after a bullish correction from the $6800 resistance area. We have seen a small leg...
Hey guys, its been a while, hope we all are doing great...... There has been not much to write about on our #BTC price action since our last update few days back. I actually did expect a reversal from the $6800 resistance area as explained in our last #BTC update. Well the reversal confirmation didnt take long to play out immediately price touched $6842, just...
Having observed #ETH for some days now, i think we may be in the middle of a mid-term rally that could give us a potential 50%-90% returns from it bottom of 0.0271 sat. Price broke above and found support at EMA 20 which has proven to be a verY strong resistance in the last 4 month on the daily. Presently we are forming series of higher highs and higher lows on...
Been away for a couple of days, and i want to believe we are all doing well even as we await a final reversal from this 10 months bear market. In my last chart, i was still leaning bearish that we had some further downside to come after a possible sideways move and a retest of the $6800 resistance. We also did warn of a possible stiff resistance at $6500 area...
BITCOIN PRIMED FOR A RETEST OF $6800 RESISTANCE Bitcoin pretty mush following my previous analysis. After having a successful bounce @ $6150 and a breakout of the wedge formation, price looks to be consolidating into a bull flag at the $6400-$6500 area on the 4 hour, in preparation for another leg up for a retest of the $6800 resistance. Daily— thumbs up to the...
Comparing the 2013/2014 and 2017/2018 Bear market, we see few similarities here. Though the fundamentals looks stronger now, but we see similar price pattern. We may bottom out at $5k on or before Nov/Dec 2018 if the $5800 support fails, especially with the present situation of things in the market. If the Nov 2018 fundamentals does not lead to a forceful rally,...
Here is a quick one on BTC 0.58% to futher buttress our points and targets in our previous post. Possible Reversal to the trend line support of the rising wedge formation @ $7100 to cool off RSI and send stoch to bottom before testing the resistance levels above. This will help prevent a colossal dump and a possible break of the current market structure IMO...
Jumping off from our last chart, we told you we could experience a strong resistance at the long term down trend line resistance between $7300-$7500 after a successful completion of the cup and handle formation..... The bulls seems to have enjoyed great control in the last couple of weeks, but with the bearish signal appearing on the 4 hour, the bears long...