MaxMotives68

MaxMotives68 Updated 

A completion of the double top formation would send BTC down to the 6500-7000 area before rebounding back. There is Major support at the yellow trend line so the odds of going lower would be disastrous for the crypto market in general and nobody wants to see that. Unless your a bear. Bears want to see that... but they won't ... because they're bears... and they...

MaxMotives68

Looking at the BTCUSD logarithmic scale changes the perspective quite a bit. This view explains why it turned downwards when we all thought it already broke through the channel. Which it did... in the linear view. When doing a technical analysis, it's a good idea to sometimes take a step back and make sure you've looked at it from all angles. And that's my...

MaxMotives68 Updated 

When I switched to the log view and drew a trend line from the last two corrections it lined up perfectly. Will it hold? I hope so!

MaxMotives68

There appears to be a divergence forming on the 15m RSI which may indicate the bears are starting to tire out. Wait for a move above the 50 EMA for confirmation. DYOR!

MaxMotives68 Updated 

Every good treasure hunt begins with a map where "X" usually marks the spot. Well, here it is folks! The convergence of all of these trend lines to the same spot can not be overlooked as mere coincidence! Good traders follow the market and the market is practically screaming at us that BTC will be at $6000 on 2/9/2018. What happens then? I'm 98% sure that once...

MaxMotives68 Updated 

What do you think? Will it bounce off of the 200 EMA?

MaxMotives68

Crystal ball time. My crystal ball is telling me $760 by in two and a half days. Let's see how accurate these newly acquired wizarding skills I've delvolped pan out. It might happen tomorrow though. Timing may be off.

MaxMotives68 Updated 

A bullish three drivers patter is forming in the ETH/USD pairing. There is the possibility if could break down and would find support at the $890 and $750 levels depending on volume. This last downturn did not have a lot of volume associated with it so I would look for big volume activity to indicate which direction this will go. I also think that Ethereum ...

MaxMotives68 Updated 

If we break the 100 EMA on the 1hr chart then the first sign of resistance will be the 61.8 fibonacci. New trend indicated by divergence with the RSI. 1. Resistance after break out around the $156 mark. 2. Failure to breakout brings us back down to the $130 area. Hold on to your butts!

MaxMotives68

When charting the Elliot waves I saw that it is looking like we are days away from the bottom of this correction (or trend reversal if it continues). This actually meets all the rules for the Elliot waves so far. If I'm wrong please let me know. The RSI divergence forecasts the downward trend. Set your buys for the $725-$750 range, it won't linger there.