LincolnDevine

LincolnDevine

Here were looking at the macro 2017 bitcoin trend on a 3D chart...What a year!! Definitely getting close to the euphoria phase, and with Bitcoin Gold fork upon us there is a possibility for a dump as most retail investors will be out of touch with the hard fork news (aka new money with weak hands). For 2016 we've seen ~2 month rallies before retracements on this...

LincolnDevine

Some fractals + an elliott wave cycle in the making in a big ol' wedge. With the bull market we are in these setups keep showing themselves My strategy is to take some profits slowly on the way up and set buy orders to catch the dip, I like to watch the tape as ATH is passed to keep a pulse on the momentum. This strategy helps build a hedge with fiat and avoids...

LincolnDevine Updated 

LTC showing bullish divergence on MACD + RSI, bullish wedge forming at this level. With Bitcoin looking bullish Litecoin is ready to follow, watching for a quick breakout if we get some volume. Re-evaluate the trade if we hit T1 otherwise letting the tight stop hit and look for a remount play Normally dont go for small time frames but this looks like a good RR...

LincolnDevine Updated 

BCC has had nearly perfect pullbacks to the 61.8% fib lines on each leg up (didnt include here because it looks too cluttered), line 5A represents the first downard impulse wave with the corrective wave AB setting up at the time of drawing. Looking for a pullback around the 23.8% fib level which also served as a support line on the first run to ATH. Bitcoin cash...

LincolnDevine Updated 

With the recent BTC rally this combo predictably deflated over the past 1-2 weeks. Looks like we've finally bottomed out + BTC/USD just broke support in a descending triangle and is starting to fall with the BCC/hard fork FUD Aug 1. This means our resilient friend Litecoin can finally do some heavy lifting and this combo can rise. Great long opportunity once we...

LincolnDevine

Watching Strat closely..I figure if BTC continues to rally and we continue closer to full segwit activation money will flow out of some alts and into BTC . MACD might converge on the 4h, we were overbought and now starting to trend down. My signal here is the 4+8d moving average line crossing the 18d average to confirm a reversal. This might present a nice...

LincolnDevine

1d MACD has us trending down down, we'll see low volume with the US holiday, were in a big ol' pennant that I cant convince myself we'll break out of and depending on what support lines you look at we're already falling out. Combine that with Segwit issues/continuing UASF drama we might see some 1900-2000 action in the coming days. We've been in a huge bull run...

LincolnDevine

LTC breaking out of the pennant, blasted through the 38% fib level, RSI is almost overbought and the MAs are pretty close with volume decreasing over the past 2 days...we may see a short downswing to consolidate off of the support line before retesting ATH. Think we will see many alts pump in the next day or two alongside LTC Let me know what you think

LincolnDevine Updated 

Big momentum swing! Bull pennant along the bottom of the huge pitchfork we've been seeing today + H&S? MACD crossed on the 4h, converging on the 8h. big pickup in volume should push us upward. I'm thinking we bounce off of the pennant and re-consolidate before a possible breakout next week, EEA news might be around the corner? Couple things to ask ourselves: 1. ...

LincolnDevine Updated 

This IS a bearish 3rd dive pattern however the ASIC Miner/obelisk announcement is a big step imo and im loving SC as a long-term hold being one of the few coins with a working product. Looking at a couple entry points along the pitchfork which may prove fruitful for the next leg up Depending what eth/btc do tomorrow will determine which support line this...

LincolnDevine Updated 

H&S w/ low volume after the price runup with the trend looking downward, Twitter whales stopped hyping the pump (anyone see $KORE this weekend? lol). With Open beta is coming in July we might see a couple good entry points in the coming days, not sure if those pink lines form a H&S on the 8-12h I dont have pro?

LincolnDevine Updated 

Bull run is over, volume is dwindling testing the 303 support line, each peak past $340 is lower and lower. Strong support on the 62% fib level ~230-240 if things go south. If we want to break upwards we need some news, otherwise I think the newly verified money on Coinbase/Gemini from the past few weeks is starting to dry up and the weekend will be bearish. We...

LincolnDevine Updated 

ETH is looking bearish & LTC has held up very well the last few days alongside BTC. Nice bounces off the support, good chance for a leg up prior to BTC drama going mainstream in the coming weeks if the volume increases Let me know your thoughts