Lorenz_Capital

Lorenz_Capital Updated 

Hi Traders, Quick update on my prior forecast in August, which came in spot on btw (see below publication) The highly anticipated descending wedge pattern came in perfectly, and the breakout is now likely to see some follow up action. I think we could still pull back below $200 in the near future, but i am expecting some solid support at the $190 mark - this is...

Lorenz_Capital

Hi Traders, I think its a good time to buy some LTC at a $30 discount from the major $100 psych level. Reasons for long entry: 1. 38.2% fib re-tracement support 2. Major trend-line support from Jan/Feb 2019 3. double bottom off the daily RSI 4. Major 23.6 fib above (thick black) - a zone likely to get a re-test. 4. Bitcoin showing signs of weekly bull...

Lorenz_Capital Updated 

Hi Traders, With Ethereum 2.0 scheduled to be implemented Jan 3, 2020, it is time to start preparing. The TA is starting to look really good on the daily time frame, as we are seeing exactly what you would expect after 300% rally - a slow and gradual pull-back on lower volume, and within descending wedge structure. This is actually a bullish pattern, one that...

Lorenz_Capital

Hi Traders, I still see the bullish picture still intact for Ethereum weekly chart. So long as we don't see a weekly candle closing below $165, the probability of big upside move increases. I am expecting a rally towards the end of Q3 followed by a year-end sell-off. For this move to work, bitcoin is simultaneously rallying to all time high, and $250 billion is...

Lorenz_Capital

Hi Traders, This altcoin market cap weekly chart is looking very interesting - The pull-back off the 23.6 fib level is a positive sign that the bottom has been marked, and now we can accumulate below this level like pros. I am taking a new fib from the December swing low to the June swing high, and using these levels to make my purchases - (specifically the 50%,...

Lorenz_Capital

Hi Traders, I want to share my simple $ETH Analysis, as we gear up for another big move. Since the latest dump, ETH has shown positive signs of support off the 38.2% fib retracement (a must hold level for the bullish case), and currently testing the 50% level. Basically it's now or never for ETH to make a push - if we can't hold the structure support from the...

Lorenz_Capital Updated 

Hi Traders, I still see LTC in good shape here, as the 23.6 fib warrants a good re-test after a solid pull back off the 38.2. The $100 psychology level is also deserves to be tested for support, along with the weekly moving averages/ trend line. I see this as another great opportunity to buy the dip! - Buy range - $90 to $110 - Take Profit # 1 - $200 -...

Lorenz_Capital

Hi Traders, Nice to finally get some fib respect from this market eh! Take note of the 61.8 level ($13,118) and how much resistance was recorded there - perfect confirmation that the lower fib levels will be in play (50% 38.2% 23.6%). Moving averages on the weekly time frame will be very helpful for entry points. Scenarios: - In the worst case scenario...

Lorenz_Capital Updated 

Hi Traders, I have taken a fib from the new swing high to low, and targeting the first 23.6 level coming in around the $6.00 mark. This is also a key structure resistance level, which was the old base from the 2017 rally. To add to bullish picture - the 200 week moving average has just started to take form, which is also sitting pretty at $6.25. Lastly, the...

Lorenz_Capital Updated 

Hi Traders, If you have followed my trades for the past few years, you already know that I am very bullish on gold and bitcoin, for ultimately the same reasons - Fiat currencies are dying. Global debt levels are unsustainable, even at these low rates, and central banks are backed into a corner, with no options left but to drop rates to 0% again - this scenario...

Lorenz_Capital Updated 

Is Eth/usd about to folow in ltc/usd footsteps? so far we have seen solid respect of each one of these fib levels, and currently battling the 50% retracement level. I believe that if we can clear this level, along with the yellow trend-line resistance, we could see a massive pump in the altcoin market, bolstered by Etherium. This will likely not happen all in 1...

Lorenz_Capital

Hi Traders, Here is how I am watching $ETH on the weekly timeframe. Yes, I am extremely bullish but please remember, this is pure speculation based on technical analysis. Good luck, hit thumbs up

Lorenz_Capital

Hi traders, I was originally just going to keep this one to myself but I changed my mind. Speculation at it's finest, but we still have to try and make sense of it. GL, hit thumbs up

Lorenz_Capital

Hi Traders, I see something shaping up here - the daily Ma's are showing solid crossover action, and support just came in off the 50 period (blue). I see this as a positive sign for a continued rally, and although there may be better performing alt coin pumps in the coming weeks, this is a setup that I can trust. TAKE PROFIT: $210-220 (+40%) STOP: $128...

Lorenz_Capital Updated 

Hi Traders, If you have seen any of my other publications, you would know that I am super bullish on crypto. Monero is just another beauty that I cover, which is shaping up nicely as a rounded bottom. The weekly chart has now seen 4 full closes above the 100MA, and re-tests are getting bought up. Also note, that weekly 20 (orange) is curling up aggressively,...

Lorenz_Capital Updated 

Hi Traders, Here is a look at $XRP on the weekly log scale. This is a very nice looking chart in terms of candle structure - giving the appearance of a rounded bottom. Bulls appear to have won the battle of the wedge decision time, which lasted a total of 240 days, and now needs to see follow-through. I can see that these fib levels will be in play as we...

Lorenz_Capital

Hi traders, Here is what I see shaping up on $BTC weekly chart - a potential great buying opportunity. If the bears can take us back down into this weekly MA cluster, long-term buyers dreams will have come true, and wallets will get filled. Great entry points for building positions: $7,200 $6,800 $6,200 ..anything with a 5 in front is history. I believe...

Lorenz_Capital Updated 

Do you see what I See? Log scale $ETH looks really good on the weekly - we have broken the trend-line resistance, and begun fresh up-trend. The 5th elliot wave count is looking primed. If we can clear $420 level, game on for new ATH extension targets, $1,000,000 makes sense. best of luck, hit thumbs up