GBBBKSA

GBBBKSA

A price of 1552 satoshi ($0.1522) can be achieved by Verge in the next couple of months, as long as more money keeps pouring into the crypto market. Verge has formed a falling wedge on the daily and has broken out of it. The volume is looking low at the moment so there is a risk that the breakout can be a failure. However, since MACD on the daily has crossed...

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OMG seems to have formed a symmetrical triangle on the daily chart similar to what is seen on LTC (please see link below). The conditions of the symmetrical triangle is very common to what was published for LTC. If there is an outbreak to the upside, prices can potentially reach $40 to $50. This should be achieved between mid-April to mid-May as long as BTC keeps...

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My first stab at using Elliot waves. But if I have identified the 1st and second wave correctly on the hourly chart, $10,600 is definitely a possibility. The 3rd wave should hit $10k which is a well rounded figure and a psychological barrier. There should be some profit taking around this level. The 5th wave should hit 0.236 fib levels. Then we should see...

GBBBKSA Updated 

LTC is looking bullish right now on the 4 hour chart. MACD has crossed over as well. The good news from the G20 summit has had a positive impact on the price of BTC. BTC looks like it is forming a bull flag. If confirmed, the price should reach $9k. If so, LTC should comfortably reach 165 to 175 since LTC's price action relies on BTC price. Just my opinion....

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LTC seems to have formed a symmetrical triangle on the daily chart. If there is an outbreak to the upside, prices can potentially reach $470 to $500. The following conditions have been met for the symmetrical triangle. 1. The general trend of LTC is to the upside. We have consolidated in the triangle after a bullish move. 2. The triangle has been formed with 3...

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LTC is looking bullish right now on the 4h chart especially as BTC seems to be recovering. Positive news from G20 summit has so far had a good impact. BTC seems to be forming a bullish flag on the 1 hour chart and should hit 9k if the flag is confirmed. If this is the case, LTC should comfortably get to the 165 to 175 range.

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Positive news from G20 meeting. "The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin." www.reuters.com This is great news which should end the correction of the market. We should start seeing a reversal and get to higher...

GBBBKSA Updated 

If Ethereum breaks the current support at $465, it could fall to $300 where there is strong support. RSI is oversold on the daily. However, it doesn't look like it is even trying to get back up. The G20 summit hype is really affecting the price of all cryptos. Ethereum held it's price last time BTC crashed to $6k but this time, it looks like ETH has taken a...

GBBBKSA Updated 

I haven't had a lot of predictions/technical analysis done but in the ones I have done, I've been calling this since Feb. Not claiming to be a pro but glad that my initial analysis is right. Strong support at 8k but if that breaks through, then we will hit support at 6.8k. That should create a double bottom and we should see a bounce back from there. That should...

GBBBKSA Updated 

LTC has broken the uptrend line. But it follows BTC I believe this is not a major issue. As BTC should drop to around 7k, LTC will see a drop to 139. There is a lot of hype going on about LTC. Some predictions as far as 1.4k by as soon as April. We will have to see if that happens but I believe this is possible by end of the year based on the growth that LTC...

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A good lesson and for future reference.

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BTC did not manage to break through the downtrend line at 11,700 or 10,900. So we are still in a bearish trend. MACD has started curling down as well. The question now is, will it drop to 8k, 7k or 6k? In my opinion 7k is more likely by looking at the trend line in the MACD. Would be a great chance to stock up. These are just my opinion based on what I see....

GBBBKSA Updated 

LTC has formed a falling wedge. Looks like we will drop to 238 before testing 250 again. If we break through 250, should get to 280. Opinions welcome. Not advice just a newbie's observation.

GBBBKSA Updated 

Looks like BTC is getting some resistance at 10,200. If it breaks past this, it could get up to 11,500 and then possible drop to 5k. Let me know what you guys think. Any feedback appreciated.

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BTC seems to have not broken the bearish trend yet. It would have been more positive if the price remained above 11,300. BTC looks like it have re-entered the downward trend again. We have good support at 10k, 9.5k and 8.5k. If it's dropping, it might as well drop to 6k creating a double bottom which will put an end to the bearish trend. The market can then feel...

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Will BTC break the channel and push towards higher highs or will it drop back to 6k creating a double bottom which will put an end to the bearish market and then get to higher highs. Either way the destination by end of the year should be much higher than the 20k that we have seen. What do you think?

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I am a newbie to technical analysis, but this sure looks like an rising wedge. Could possibly hit 9k once more before dropping down to 6k. My first published technical analysis, any feedback appreciated and please do not taking this as any advice or act on it.