DataPatron

DataPatron

Hi guys. As you can see extreme greedy Wall Street doesn't give up so easily. As always... We are very close to retest january 2018 highs or create double top by november all time high . No one really knows if this crazy market will continue up but I am sure we are already in a bear market and just consolidating before market collapse. Price is being squeezed...

DataPatron

Hi guys! As expected bitcoin bulls are still here and have checked heavy 4200 resistance. If we see breakout above this line, I see next target 4800-5000 as ultimate high and end of the rally. After that bears will take their control back and send us back to 3200. Rejection from the current position (4200) will send us there as well. Take care! -DP-

DataPatron

We are still moving inside bear flag on 4h chart. BTC could retest 4200 levels but after that I expect strong pullback to 3800 support.

DataPatron Updated 

Hi, guys. As you now I am constantly bearish in crypto this year until evidence show me the opposite. Several months has bitcoin consolidating in tight range between 3300 and 4400. Now it seems to be completed sideways mission, long term volatility as at at all time low so really HUGE movement is around the corner. I am almost sure another red leg symmetrical to...

DataPatron

We do have similar breakdown of the daily RSI trendline today like in at the beginning of the november crash!

DataPatron

My short term outlook for S&P500

DataPatron

Hi guys, as crypto space is doing absolutely nothing I've decided to look at gold market as it seems currently very interesting. In my opinion 2010 highs was long term cycle top (around 1900 USD/ounce). From that year is gold clearly in a bear market from macro perspective. I've added possible long term eliot waves. Currently possible ending wave 2 and following...

DataPatron

Hi guys! Here are some of my BTC short term possible movements!` Take care! -DP-

DataPatron

Hi guys. To be more clear I have decided to add linear version of my "predictive" long term technical analysis. I would say something like this is absolute worst case scenario for Bitcoin and will probably occur ONLY if price would not be able to break long term descending trend line all the way down to baseline what lies IMO at around 800 USD (see my...

DataPatron

Hi guys, in this analysis I would like to keep everything as simple as possible. As you can see this bear market is all about EXTREMELY resistive descending trend line. Every time BTC has tried to break it out it failed. Now we are close to the third attempt. I am almost sure the moment price will break the downtrend channel we have bottomed and price will never...

DataPatron

Hi guys. As you can see price action of the XRP is squeezed more and more to the apex of the huge descending triangle (blue). Breakdown from this triangle pattern (more likely) will be lucrative short opportunity as price targets lies on 0.13 and critical 0.06 support. Breakout (unlikely) will be retest of the 0.40 resistance. Take care! -DP-

DataPatron

Hello guys! As you can see bitcoin is repeating itself perfectly and it's consolidating in 3200-4500 range exactly like in 6000-6800 range. This never ending boring sideways action clearly signalling upcoming violent move (sooner or later). I am almost sure that capitulation is NOT behind us but before us and it's closer and closer. IMHO bottom can be anywhere...

DataPatron Updated 

Hi guys! This is the third part of my bearish litecoin series. As you can see on the daily chart price is very close to print triple bearish divergence. The whole lenght of the divergence is formed by ascending wedge as well. So we have several warning bearish signals. I am not saying it's impossible but litecoin will very unlikely break 60 and continue to rise....

DataPatron

Hi guys! Even LTC broke 200 day MA and pierced bear flag on the upside, we have a clear bearish divergence on a daily chart. Retest of the flag's floor coming soon.. -DP-

DataPatron

Hi all. Current short term rally could retest heavy resistance at 200 usd at it's best. But I have just looked at possible bottom for second largest cryptocurrency. If market will not be able hold prior lows at 85 USD, there will be (almost) no support until 15 USD. -DP-

DataPatron

Hi guys. As we can see Ripple has arrived to the apex of the giant triangle with multi-year basement trend line. If we breakout from here we could see retest of one of the overhead resistances, very likely 0.40 cents. But if that long trend line won't hold the price, bad things will happen.. -DP-

DataPatron

We have signs of weakening bear market. But it's still here and will stay with us until multi-month flat accumulation period. That phase is coming soon!

DataPatron

I see hystery all over the social media. And I am saying - please calm down. As you can see daily charts of the all cryptocurrencies are below or at the edge of long (200 day) and mid term (100 day) moving averages and they are clearly TRENDING DOWN! Until those two are not broken (and daily candle will be closed above them) we are not out of main downtrend. Did...