DrJLT

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BITSTAMP:BTCUSD 15% | 18 BCHUSD 11% | 13 ETHUSD 9% | 11 BITFINEX:BTCUSD 6% | 7
DrJLT DrJLT BTGUSD, 60, Long ,
BTGUSD: BTG may be on it again
158 1 2
BTGUSD, 60 Long
BTG may be on it again

BTG's price hasn't increased much since its fork. While initially many believed it to be a "scam", as a fork it greatly improves upon bitcoin: critically, it's ASIC-resistant. Currently, BTC has difficulty 2,227,847,638,504 & hashrate 17.363Ehash/s while BTG 3,051,373 & 44.402Mhash/s. That's 730k times difference in difficulty & 1/3 trillion times difference in ...

DrJLT DrJLT BTCUSD, 60,
BTCUSD: BTC price in the fake news era: >12k or <10k?
605 4 10
BTCUSD, 60
BTC price in the fake news era: >12k or <10k?

I believe we're at a critical crossroad here. There's an apparent resistance at the 0.5x fib level (11.9k on Bitfinex, higher elsewhere). We can see high sell walls in this neighborhood. This prompts us to think whether another round of selloff has been planned. Surely, this will screw the poor more & transfer wealth in the "right" direction. See, if BTCUSD goes ...

DrJLT DrJLT BTCUSD, D,
BTCUSD: BTC possible bottom @ ~ 8.8k or 7k?
430 6 8
BTCUSD, D
BTC possible bottom @ ~ 8.8k or 7k?

So the big moneyed interests screwed us, and this crash appears to have no bottom. While it's possible for 2014-2016 to happen again, if we assume the whales still want to make money probably the 180-day EMA or the long-term trend line (8.8k & 7k respectively) should provide ample support for rebound. On the other hand, if the market keeps crashing & goes under ...

DrJLT DrJLT ETHBTC, D,
ETHBTC: ETHBTC may be the key that drives 2018 Q1
588 0 3
ETHBTC, D
ETHBTC may be the key that drives 2018 Q1

As the chart shows, we had a reversal confirmed as 2018 came along. I think ETH is likely to start driving the market more than it used to, for it has slowly but surely gained in price & prestige. Many no longer consider it an "alt", and crucially many exchanges have fully adopted ETH-denominated pairs. This is comparable to elevating it to the "reserve currency" ...

DrJLT DrJLT EOSETH, 240,
EOSETH: EOSETH ABC correction or dragon reversal?
79 0 0
EOSETH, 240
EOSETH ABC correction or dragon reversal?

We see that EOS fell to 0.382x before bouncing hard to 0.786 -> but failed to stand above it. Now the critical threshold is 0.618 (blue horizontal line): If it falls below it, EOSETH will have another corrective wave, perhaps to 0.5x (0.0083ETH). If it bounces, this means EOS will have fully reversed its bearish trend & could retest 1x (0.00148ETH) soon. I ...

DrJLT DrJLT BTGUSD, D,
BTGUSD: BTG has done it again
527 0 6
BTGUSD, D
BTG has done it again

BTG could be good, but it hasn't been. It likes to attempt $400 every week or every other week, but hasn't succeeded. There seems to be a wall between $340 & $420 (see chart). For the moment, $200 appears to be a support level. The most likely play for BTG will be $200 entry & wait for $350.

DrJLT DrJLT OMGUSD, D,
OMGUSD: OMG to dip & bounce
348 0 3
OMGUSD, D
OMG to dip & bounce

We're seeing a bearish divergence. Possibly a dip just below channel & bounce on the monthly EMA.

DrJLT DrJLT QTMUSD, 240, Long ,
QTMUSD: QTM bullish setup, patience needed
64 0 0
QTMUSD, 240 Long
QTM bullish setup, patience needed

QTM jumped last weekend but fell back soon afterwards. Still, it's trading within an upward channel. I would consider this a bullish accumulation phase. In case of breakout, I expect at least the height of the range, roughly $80, as the first target. The crucial test would be $100. That will depend on the overall crypto market, I think.

DrJLT DrJLT BNBETH, D,
BNBETH: BNBETH corrects to .5 or .382?
164 2 2
BNBETH, D
BNBETH corrects to .5 or .382?

As the chart shows, it's unsure whether this current correction will breach the channel. Somewhere around 0.012 is perhaps the lowest. A broader Wave 3 is incoming.

DrJLT DrJLT IOTUSD, 240,
IOTUSD: IOTUSD no game in January 2018
660 11 4
IOTUSD, 240
IOTUSD no game in January 2018

I've been following IOTA. Unfortunately, it has tried multiple times for breakout to no avail. At this point, it's still trading within the green channel. While I don't rule out the possibility of an iota breakout, this seems unlikely: volume stays low during the latest recovery. volatility has not contracted I think a new milestone / news of some kind ...

DrJLT DrJLT NEOUSD, 240, Long ,
NEOUSD: NEO first target reached, consolidation, & $195 target
1076 0 6
NEOUSD, 240 Long
NEO first target reached, consolidation, & $195 target

NEO has followed the pitchfork well. The small crash when the bitcoin news hit appeared to have relieved selling pressure. In the last few days, NEO has grown rapidly. There're currently some early signs of bull exhaustion. Considering that the 1.618x level has been hit, the market may quiet down. I think by the end of the week (after the ETH fork), NEO will ...

DrJLT DrJLT EOSUSD, D, Long ,
EOSUSD: EOSUSD to start new up trend
330 2 0
EOSUSD, D Long
EOSUSD to start new up trend

EOSUSD endured a period of consolidation. Finally, we've seen a breakout. The previous target of $16 was reached very quickly. We can see that originally shrunk volume has bounced, though not yet to previous levels -> this leads me to believe that EOS is only just warming up. Dawn 3.0 is coming & EOS is announcing some partnerships. In this extremely bullish ...

DrJLT DrJLT ETHUSD, D,
ETHUSD: ETHUSD 1550 circa target still in sight & brace for correction
650 1 7
ETHUSD, D
ETHUSD 1550 circa target still in sight & brace for correction

As I explained in my previous post, I believe ETH will touch >1550 & posssibly $1600 this month (possibly next week) before correction. Now, we have EtherZero that's going to be distributed to ETH holders next week. This news & the current bullish trend convince me that despite BTC uncertainty ETH will reach the target (see my last post for the technical ...

DrJLT DrJLT BTCUSD, D,
BTCUSD: Orderly dethroning Bitcoin?
296 9 3
BTCUSD, D
Orderly dethroning Bitcoin?

During the last month and half, we've seen bitcoin dominance drop from 60+% to barely 30%. My personal view is that in the long-term this number will drop to 10%. Currently, we've seen that bitcoin weathered the China news and the Korea news pretty well. There's a chance for another rally that'll follow the thick green line (tagged "irrational ...

DrJLT DrJLT BTCUSD, D,
BTCUSD: How to trade as China bans bitcoin mining?
413 10 4
BTCUSD, D
How to trade as China bans bitcoin mining?

The widely-anticipated news has finally come: China bans bitcoin mining (https://www.ft.com/content/adfe7858-f4f9-11e7-88f7-5465a6ce1a00). From the beginning of this month, we already heard that the electricity usage of miners were being restricted. I was surprised to see the rally last week. Now it seems that perhaps a bull trap was set up by some with ...

DrJLT DrJLT BNBUSDT, 240,
BNBUSDT: BNB likely heading for $15
269 2 3
BNBUSDT, 240
BNB likely heading for $15

As the chart shows, .382x = $15. I don't see too much further downside to it, as the popularity of Binance as an exchange ensures certain value for BNB.

DrJLT DrJLT EOSETH, D, Short ,
EOSETH: EOSETH may fall even further
195 4 3
EOSETH, D Short
EOSETH may fall even further

Ever since the bitcoin crash in late Dec, EOS hasn't performed. There wasn't any top reversal pattern, yet such is the market. In the last few days the weekly and monthly EMA have crossed. EOSETH has fallen below 0.5x of the previous rally. The first suggests that we're in bearish territory already. The second means we're probably not having a cup & handle ...

DrJLT DrJLT ETHUSD, 240,
ETHUSD: ETH may be pushing for 1500+ despite some negative news
1932 10 8
ETHUSD, 240
ETH may be pushing for 1500+ despite some negative news

In my previous analysis, I suggested that ETH might have a small correction. Yesterday's fall probably has absorbed the energy & may lead ETH to test new highs. Indicators are still overbought, but it appears that ETH is determined to go above the 1.618 extension. If we use this brief crash as a measure, it's likely for ETH to touch 2.618 extension, which would ...

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