My general sentiment has been bullish for some time (see my previous posts as well as YT video). Still, I have a feeling that the bulls are exhausted: Many alts have stopped growing for some days We see BTC has bearish divergence in terms of volume $11k is a critical resistance level, as it is the 1.618x of the neckline (I already mentioned it in my...
LTC was hard hit at the beginning of the crash since December. However, the drop slowed down towards the end. We're now having a bull flag. It could serve as a measuring device: In the previous jump, once we faced a bull flag we had a 0.5 retracement before jumping to 3.618x extension. This gives us a hint at the potential target of around $440 after perhaps...
Hi, so my previous post suggested a correction to 0.786x (0.084BTC). Now we're at 0.089, from 0.1BTC, this is close. However, we still aren't seeing a sure sign of slowing down. To enter perhaps a confirmation is needed. At the moment, BTC is a safer bet. Mid-term target would be 0.146, but that confirmation of reversal is needed. There's a small chance we...
Today I had an epiphany: to understand EOSUSD we must look at EOSBTC & EOSETH together. EOSBTC is having a classic cup & handle (to accelerate before bouncing hard): Meanwhile, ETHBTC is correcting before the next jump: In this context, I think my previous post about an ascending triangle may just be right. While the current pattern could potentially be...
As the chart shows, there's a possible bearish pennant forming. It's perhaps a good idea not to invest in EOS at this point.
I included XMR among my top 5 to invest in 2018 video, b/c its fundamentals are strong. I believe in the beginning of a market cycle it's the ones with strong fundamentals that will grow. XMR didn't really drop much until the last bitcoin crash. Now it's rebounding fast. We can see that after it broke the neckline at around 0.5x fibo level of the last rally, XMR...
Hi, so I'm posting a YT video on ETH & this is the chart that comes with it. We see that ABC correction coincided with the "ABCD" legs of the bullish bat. Now the first target would be the .618 of the CD leg, while the second XA projected from D. We can see that .618 is also the neckline & it's around $1000 psychological threshold. For this reason, I believe...
In the past two months, BNB grew well at first but crashed particularly hard since mid-Jan, losing 80% of its value. We can see from the chart, the eventual bottom was at less than 0.2 of the full previous growth. Before the crash, BNB chart was very clean (as you can see). After falling out of the rising wedge around mid-Jan, it stayed at around 0.5x fibo for a...
Hi, this is just an update on my previous two posts (see links below). I've mentioned this inverted H&S for some time. It's true that the time frame isn't the largest, but there's a possibility of bullish momentum around the next CBOE maturity date (which coincides with the Chinese NY). I explained this in an YouTube video I posted this morning, but those are...
Hi, so I just posted a YouTube video & this is the chart that comes with it: Ripple was the hardest hit during the bitcoin crash. With good fundamentals, it's expected that XRP should bounce hard. We had a brief ascending triangle after hitting the bottom. After breakout, we have a bull flag, falling wedge, and now a bull pennant. Things are looking good. The...
The chart on this one isn't clear in any way. It's a fundamentally good coin with low liquidity listed on bitfinex (which also allows for margin trading on ETP). This makes price movements particularly erratic. Having said that, we've really just been to the bottom during the btc crash. It's highly likely to go up as bitcoin starts to gain momentum, and the...
Hi, this is to follow up on my previous post on ETHBTC. It appears that during the crash Scenario 2 was rejected. We're not in S1. Currently, ETHBTC has turned bearish. RSI daily is coming down to 50; Stochastic about to get into oversold zone, but not yet ---> this is usually the time when the hardest falls take place: between entering the oversold zone &...
Very simple idea: resistance is @ .618 fibo ($10) very likely to retest the support before breakout target is $15.7 Only in the worst surprise scenario can it fall under .382. Risk-reward ratio is good for this one.
Very simple idea. Two falling wedges; the first fake out was reversed, we have a second chance now. Two scenarios: 1. breakout from the falling wedge & retest of 9k 2. continue in the short-term channel toward 7.5k & 7k. demand will be increasing as price falls, so I don't expect new lows. people are selling because in the past several Sundays price had fallen...
Just a brief look at S&P 500. Not invested in here. We all know the story: overheated market, be it dotcom, subprime, or QE. I wonder what ECB will do? Negative nominal rates? Last month I jokingly posted that 1968 & 2018 are 50 years apart. Hope it doesn't turn to reality.
Very straightforward: we go up the same way we came down. The chart is illustrative. I think we'll slow down & take some time in each accumulation zone. Chinese NY is the 16th. BTC is like an index. In the short-term, its dominance level is likely to stay; perhaps it could even go a little higher around / after the breakout. Coins that significantly &...
Haven't been following BCH lately; just noticed how much it jumped last night. Earlier than I expected. I was thinking it needed to go to 0.09BTC first. I believe it's a better version of BTC, but these bit-series coins are addicted to hashpower --- this means their price movements are more closely-tied to moneyed interests. We can see that it tends to...
There's not much value to be had to say exactly where the bottom is, but I want to summarize what I (and many) have done wrong in the weeks preceding this bubble burst. Still, first let's look at the bottom : From ATH to neckline was a drop of 7250; target is 100% retracement to 5.5k. From the bull trap to the bear pennant drop of $7750; target is about...