CuddlyCuddles

CuddlyCuddles

During the last analysis, I was pretty bullish seeing how bitcoin was accumulating at the moment, however, I was incorrect and the movement to the upside was simply a bull trap. Despite one of my possible drawings being correct. The Chart: There was accumulation occurring over the green trendline in the form of a symmetrical triangle and with a fake out to the...

CuddlyCuddles

Ethereum currently has a symmetrical triangle, in my last analysis I was much more bullish, it is clear now that the bullish case does not hold as the price has broken down from the symmetrical triangle. The symmetrical triangle was also a part of a much larger leg down, its possible that this will operate similar to a flag. There is some solid support from the...

CuddlyCuddles

Current price action looks like accumulation as there are several hammers on the daily around the support of 9600 which I have stated to be support provided by the horn top. If price does not close on a weekly candle below 9600, then it is extremely likely that we might see another move up. Given that these are hammers, I feel as if the price of 9600 will hold for...

CuddlyCuddles

Litcoin has broken through most of its support that it made during this run, however, it is now against two trendlines, the orange descending trendline and the green bullish trendline. I do believe that litcoin will break out to the upside against the orange trendline and that the green trendline will continue to hold as support. If the green trendline does not...

CuddlyCuddles Updated 

Right now, the thick green line, is the corresponding trendline that BTC went parabolic on, however, most of the alts failed to reproduce the same results Ethereum--one of the strongest projects-- is included in that list. After its fall from 265, it dropped back to this trendline quickly and had a strong bounce off of it. The violet line is the current resistance...

CuddlyCuddles

There is a symmetrical triangle on bitcoin cash at the moment. The highest volume candle is denoted by the dotted light blue line, this point is used to reference the peak width of the triangle. If this symmetrical triangle was to break out to the upside, the price objective would be ~400. Since this symmetrical triangle came from a downtrend from a top, the price...

CuddlyCuddles

This is merely a continuation of the previous analysis which is posted at the bottom of this posting, however, this one is of a shorter time frame, the daily. In this analysis, there is a short term trendline in green which has held for 4 months (approximately) and has exhibited 3 touches, on the fourth, the trendline was broken. In the green oval there is the...

CuddlyCuddles

This is simply just a display of the total market cap since the accumulation period prior to the bull run which spanned from 2015 to 2017. There are three trendlines drawn, all of them in green and of various slopes. Based on the slopes, we will assume that the one with the most intense slope are shorter term trendlines and the one slope with most gradual slope is...

CuddlyCuddles

I have been meaning to post this chart several days ago because the weekly printed as a horn pattern a form of double top, which is a reversal pattern. The price objective of this pattern is 5800, and the confirmation of this pattern is a close below the low of the horn which is ~9600 and it appears like it might do that. There are several obstacles for price...

CuddlyCuddles

Once Again, I am hesitant to post this. If XRP opens and closes below that green trendline, which has been 3 years of support, then I don't know what to say, there could be a move to like .01 USD. Ripple must hold this trendline. I honestly do not know how far it will fall if it doesn't. Those are long candles approaching the trendline which was a breakout from...

CuddlyCuddles Updated 

I was debating on posting this: There really isn't much to say, however, the when in regards to the total for alt coins, bitcoin went parabolic on the same trendline as the one presented by the total for the alts. On the daily there is a close and open of a daily candle stick below the green line which is a trendline corresponding to bitcoin's long term...

CuddlyCuddles

Bitcoin loves the "parabolic" pattern, here is an analysis of one on a shorter time frame. This is likely to lead to insights on this much intermediate parabolic pattern. Within this pattern, we can see accumulation occurring at the base, which can be identified by the trendline occurring in the RSI, this occurred in a very similar way to our exponential growth...

CuddlyCuddles

Currently, in the chart presented above, there is a symmetrical triangle, something that has occurred on various altcoin charts, if bitcoin can break to the upside of this symmetrical triangle, it is likely there will be another run to the upside for the entire crypto community, however, it is important to note that most charts against BTC are bearish, so it is...

CuddlyCuddles

Here I have circle all of what I believe to be tops, the corresponding color indicates whether there was a retest of the high on the daily time frame and whether the current market status was bullish or bearish. The color combination of violate and light blue indicates a local top in a bull market, the violate indicates that there was no retest, and there light...

CuddlyCuddles

Above, it can be seen that there are three trendlines which I have drawn to represent the extreme increase in the rise of price within the short period. The longer term trendlines which is only relatively longer is represented with the two green lines and the green box represents a large area of support for litecoin (support that held against the drop from 350...

CuddlyCuddles

In my previous analysis, I mentioned that there was a parabolic pattern, in addition to mentioning the price objective of it as well as other things. Well, bitcoin was shy of the price objective by approximately 1000 USD. I would say that the analysis went surprisingly well, however, I would also say that this overestimation of the price objective was due to the...

CuddlyCuddles

It can be seen that ripple has had a double top, which is noted in the chart in light blue. This form of double top is known as an Adam and Eve double top with a V top for the first one and a massive rounded top for the second one. The rounded tops or bottoms are some of the strongest most reliable patterns because they indicate a long duration of either...

CuddlyCuddles

Similar to Bitcoin, Litecoin did not successful hit its price objective, which was the top of the channel provided in the last analysis. Litecoin did, however, experience a break out from the symmetrical triangle, but it was unsuccessful at pushing through the historical resistance between 142-150 and it experienced extreme rejections from that region. It can be...