Alt party halted thanks to big bro BTC
Zil pulling down with bearish divergence all the way up to the 4hr chart
Prices pull back to the .5 or golden zone and then uptrend resumes
I will buy back in this range 263-247
This setup looks to have a nice upside and we are right at the beginning of it all. I will be getting into this trade. Here is what I am seeing.
Weekly Charts Analysis: Looks like the Main Wave 1 in the big picture just finished here. There is not much to go off of indicator wise and the volume appears to be flipping everyone the bird. HAHA...
ARN had something about it that caught my eye. Specifically, it was the fact that Primary Wave 1 was 2500%+ in size! Once again setting the stage for a huge Wave 3. I have already entered this trade, and at the time of this post it should still be a valid entry. See targets below.
Weekly Charts Analysis: This chart is in its infancy. Not a whole lot to go off...
BNT is added to my watchlist.
With Wave 1 nearly complete and the gains on the 1st wave were 350%+!
That means Wave 3 is going to be massive!
I will be watching the retracement of Wave 2.
Initial Target Entry Level: 27645 - 21619
*This may change as the wave forms
Welcome to my journal of...
I like the setup of XLM and will be entering this coin. I have posted images because I am not sure what all will post.
Weekly Charts Analysis: I can clearly see that the Main Wave 3 on the storyline here has completed, RSI is peaked out, and the retracement has begun with lower highs and lower lows. I project that the bottom of Wave 4 will complete near the...
NXT looks to be nicely completing the Wave A retracement as the descending triangle pattern is deep and right below the 0.786 fib level. This is usually a prime level to enter on coins. Volume is also decreasing and going into the stall zone which is a good indicator of a breakout. This however will begin the B Wave so be sure to lock in your profits and hop out...
CVC has several levels to breakthrough before reaching the next fib level in the ascending triangele. Given the price of bitcoin on the move, it could make it difficult to break higher. Keep your stop loss entries tight along the trend line should bitcoin spike higher.