IronKnight

IronKnight

Doom, gloom, and disgrace if the triangle breaks down

IronKnight

Bitcoin has been bouncing from trendline to trendline but there's not much space left for it to work with. Expect a big breakout in one direction or the other soon.

IronKnight

IOTA appears to be forming the right shoulder of an H&S formation. Needs to top out here, drop quickly, and break the neckline for confirmation. Target 1: .45 usd (Textbook H&S drop, .236 FibRet) Target 2: .40 usd (completion of bubble cycle and return to trendline )

IronKnight

Idea for a 2-3 week short based on the highs and lows of recent swings. Risk reward ratio stands at approximately 4:1.

IronKnight

The decline of BCH/USD looks to be slowing and may soon begin a slow reversal. An upwards break of the blue wedge would likely signal the start of a bullish move. Watch for a cup formation to develop here.

IronKnight

Silver is preparing to break the neckline of a 9-year head and shoulders pattern. Could drop back down to the $6 range again in the coming years.

IronKnight

Litecoin showing similarities between the Coinbase and BitStamp price rises. Possible pullbsck incoming.

IronKnight

Despite the recent drop in LTC/BTC ratio, Litecoin continues its bullrun on the USD chart. Two recent bounces off the lower trendline and a strong recovery yesterday signal that the rising channel is still intact. If the trend remains unbroken, LTC will reach $50 sometime this June and could potentially top $100 in the days or weeks afterwards.

IronKnight

After a large pullback following the activation of SegWit, Litecoin may now be ready to start making moves upwards again. A 'Head and Shoulders' pattern signaled the sell-off, and now an equal-sized 'Inverse Head and Shoulders' appears to be forming on the 4h chart. If the pattern develops to completion then the previous bull-trend will resume in force within...

IronKnight

Head and shoulders pattern developing on the 4h chart - dangerous time for LTC if it falls under the neckline (orange) unless it bounces off the highest supporting trend line (green)

IronKnight

Chart shows the various long-term trendlines for Bitcoin outside of the 2013 bull run

IronKnight

A simple chart showing the major trendlines for Litecoin from the past 5 weeks

IronKnight

Minor breakout and major breakout coming in the next few days