MAGICMARK

MAGICMARK

It's a clear triangle ... ichi cloud twist at the very end ... which typically marks a big move in direction. Sentiment on LTC has been somewhat bearish ... for sure lack of trading ... but if this moves upwards, it may spark a lot of interest. This is now a low-cap alt, but one with legacy. Doesn't take much money to move it to some much higher values. Let's...

MAGICMARK Updated 

The last time LTC had a false bull ... it turned out to be just wave 1 of a large impulse wave that took LTC to $400. Of course, that coincided with a BTC rise, and the much anticipated "alt-season". But go back to 2020, end of summer, and you will find a very similar pattern. If I follow this pattern, we could have a swing low to the bottom of wave 2 ... around...

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I'm fairly convinced that LTC's future is closely tied to that of BTC. Going by historical data, LTC has posted new all time highs after BTC has done so (in the so called Alt Season). So the real question is what will BTC do? Here, I've drawn a channel, support by the ichi cloud. The halving has passed, and it seems LTC is holding up okay (so far). We are...

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In 2 days we have a halving. Although prior LTC halvings have not produced all time highs ... they have spurred a local rally. This one seems to have fizzled out prematurely. But you have to ask, what was with all that volume several weeks ago that resulting in a 40% inter-day increase??? That is a lot of money, and what was the strategy there? I've identified a...

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I drew a "reactionary line" many, many months ago ... lower dashed blue line. I told myself I would not worry, unless it broke that line ... everything currently reacting as planned. Unless something really bad happens with the markets, I am still bullish. This is not investment advice. Your trades are your own risks.

MAGICMARK Updated 

This pendant has been shaping up for the past 2.5 months on the LTC:BTC pair. It broke out a few days ago (up). It's in a huge resistance band now ... the pivot area. Facing a lot of head wind. If it can break out of this resistance ... there seems to be a lot of upside. Is LTC going to do something special for us? Use at your own risk ... this is not trading...

MAGICMARK

Wave count complete ... did we just finish the correction? Possible ... very possible. As Futures closes this week ... and it will be a 6 month contract by the way ... that perhaps will bring in a new sentiment. I'd say ... as long as the conventional markets don't completely tank ... we may be good!

MAGICMARK

Is this a triangle wave setting up? Doesn't look bullish to me ... Perhaps one more dip to the previous low at $28.5K? Hmmm ... time will tell. Not financial advice ... be very careful when you are gambling ... I shouldn't have to tell you that.

MAGICMARK Updated 

Hello team, been a while. Although I haven't posted in some time, I have been actively looking at charts. OK, we are at an interesting juncture ... so I thought I'd post my grand chart to get your opinions. Which color line are you counting on ... green, red or black? It feels like we are on green, especially after that green candle today, you have to think...

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Hey everyone. It's been a while since I've last published, although I have been actively charting. I assumed we would create a traingle pattern and then have a wave E breakdown in my "internal" updates. I wish I would have published that idea, because it came pretty close to my target. I did pass that onto a few close friends and published charts on a great...

MAGICMARK Updated 

Hello guys ... BTC has certainly been bullish lately, but I think we are seeing signs of distribution now. I actually expect one more push up to around 9970 territory, just observing my gann box and EW count. My Gann box indicates we are stuck in a tight triangle, and if we break up, it will reach around 9970 where we also have a Gann fibo and historical...

MAGICMARK Updated 

I've plotted the movements of 2014 and 2015 to what happened in 2018 and up to now (end of May 2019). It seems we moved through these highs and lows much faster than in 2014. I think at the moment we are completing a leading diagonal which can take us up to 9500ish ... maybe this weekend. After that I do expect a 40% correction in price consistent with what...

MAGICMARK Updated 

If I learned one thing about BTC in 2018, it is that we should all stop guessing where it's going (up or down). I find most of the time, when we guess, it's almost impossible to push aside our emotions. What that means is that our guess reflects our wishes ... our dreams. "I've shorted from 3300, and now I believe it's going to 1000, and I'm going to get rich!"...

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Hello everyone. Following the Elliott wave count, I am still expecting one more drop (sub-wave 5 of wave C, the capitulation wave). This could also be considered the spring test in Wickhoff Theory (I'm not an expert, but communicate with one that is). It's clear, there are plenty that are expecting a new bottom, and it is also clear the market has gone (bullish)...

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OK gang. It's been a while. I've been tracking BTC, and learning other tools like Gann. Anyhow, I will try and not bore you. Since $20k, I've plotted an ABC pattern. If I carefully count the waves. I see a wave A, B and we are still forming C. C wave is made up of a sub-level impulse wave (if you zoomed in, the entire C wave would be an impulse) ... and in this...

MAGICMARK Updated 

Hello guys, okay, I think the next chapter is before us, and so I'll start a new idea. As predicted, we had a drop ... but what surprised me is the violence of that drop, WAY faster than I thought it would happen. We cut through major supports like nothing. I do count 5 waves, so I think the impulse is over with a low of 4200. I obviously can't guarantee...

MAGICMARK Updated 

Hello everyone. I thought I'd start a new idea ... as this could be the final drop ... I do hate saying "final", but things are setting up for a bottom retest. Let me explain. For over 2 months we've been stuck below 6.8k ... aside from one crazy wick due to tether devaluation on 15 Oct, which I am ignoring. Although this in itself is not really a big deal,...

MAGICMARK Updated 

The chaos ensues ... the battle has become interesting. Well, how did everyone like that insane wick up to 7800?? In my last idea, during my updates, target reversals were 6250, 6100, 5985, 5400 and 5000. I said I doubt we go below 5k. I also said if bulls held 6250, we could see up to 7200. This beat my expectations. People are saying that USDT is dropping...