GoldBands

GoldBands

$BTC tagged the 1.236 range extension, my first target which I projected last week. If price can continue higher and close above the 19,221 level, the next upward target is 23,411. The Bollinger Bands will also rise with price and there should be a nice confluence at this price level. If price can't close above 19,221 I would expect a pullback to the 16,632 level,...

GoldBands

Cardano ($ADA) has gone parabolic and to the moon! Price has more than doubled since the breakout on 12/16. As new all time highs are made, it is very difficult to predict a short term target as there is not any history or pullbacks to adequately project this. Therefore, I have used the 4 hour chart and the pullback from Sunday to project a target of 3069...

GoldBands

Just when I thought the flag was not going to hold up, we had this really nice breakout. Next target will be to get back to the 23% fib. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.

GoldBands

A potential false breakout. The Bollinger Band midline is providing strong resistance. If price can't hold this level, expect a drop back to the lower BB. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.

GoldBands

Big support level looming at the juncture of the previous support level and the Bollinger Band midline. This will be the time for the bulls to step back in an buy. If not, and if price closes below this level, the expect a move back down to the lower BB. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This...

GoldBands

$NEO had a nice breakout of the range today but failed to close above the previous highs. Price dropped to tag the Bollinger Band midline and is now trying to recover and move back up. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.

GoldBands

Price has now tagged the 68% retracement and the lower Bollinger Band. If price is going to resume it's upward push, the bulls need to re-enter here. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.

GoldBands

I'm using a 30 minute price chart here to better see the price action around the 3% fib level. It also makes the Bull Flag clearer. Notice the 50% pullback. While not a Fib level, 50% is a common retracement level. See how price tagged it and then moved higher? Now price is skimming along the 38% fib. With the Bollinger Bands contracting, expect a strong...

GoldBands

$NEO broke out of it's almost month long range and is now riding the Bollinger Band's outer level as it attempts to get back to the All Time High. We'll have to wait and see if this is the breakout will follow the breakouts we've seen in other altcoins. Stay tuned and HODL! If you like this post, please click the Like button, tell your friends, and re-Tweet! ...

GoldBands

$NEO $GAS is now trading above the key level which is the high of the previous low candle (see chart). At this moment though price has tagged the midline of the Bollinger Band. We need to be patient and wait for price to close above that level and this may take a few days. If you like this post, please click the Like button, tell your friends, and re-Tweet! ...

GoldBands

Cardano continues to trade within the range of the daily candle of 12/7/2017. And, of course, this is within the range of the daily candle from 11/28/2017. This accumulation period could last for a long time while the big money market makers are establishing their positions. If you like this post, please click the Like button, tell your friends, and re-Tweet!...

GoldBands

I've decided to show tonight's chart as a line chart. This will allow us to filter out the noise and concentrate on the closing daily prices. After the breakout of the $6.98 level, price came back to that former resistance level, held, and now has been trading higher. Former support becomes resistance. In the last couple of days, price broke out again above...

GoldBands

This is a classic reversal pattern on the Bollinger Bands. 1. Tag the BB 2. Move sideways for a few days 3. Close above the lowest candle to touch the BB The same pattern set up on the 11/29 drop but price never closed above that candle. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for...

GoldBands

Today's doji reflects true indecision. Since it was halving day, this should not be a surprise. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.

GoldBands

Neo looks like it's poised to break out of the consolidation range in early trading. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.

GoldBands

Litecoin blasted through all previous price targets to hit a high of $419.22. Price then retraced through the rest of the day, finding support at the 38% fib retracement. Price is now ranging between the 23 and 38 fib levels. WIth the rising Bollinger Band, we may see price consolidate in this region. Note: I am using a 30 minute chart so we can clearly see the...

GoldBands

Here's the new, simplified chart set to a 30 minute time frame. Price is basing now above the 23% retracement. Looks like we can get another wave higher. I'm HODL. :-) If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.

GoldBands

In the early morning hours (in California terms) Litecoin went truely parabolic and blew past all my prior Fibonacci projections. At this point, most technical indicators become worthless. I've removed them all from this chart and have a single Fibonacci retracement set at the 2 day breakout range. Let's use this to gauge where price ends up today and what actions...