DrJLT

DrJLT Updated 

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 Updated 

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 Updated 

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

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 Updated 

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 Updated 

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 Updated 

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 Updated 

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. ...

DrJLT Updated 

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 Updated 

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 Updated 

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

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

DrJLT

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 Updated 

The widely-anticipated news has finally come: China bans bitcoin mining ( www.ft.com ). 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 foreknowledge to escape. My personal opinion is that we...

DrJLT

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

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 &...

DrJLT Updated 

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...

DrJLT Updated 

Another quick idea. This is a quick, very-short-term play. It appears that each impulse wave manages about 2x extension, which means corrective waves may be ahead. Weekly EMA will probably provide enough support for the next round of craze.