Meteorite777

Meteorite777 Updated 

I don't have a lot of time for anywhere near as in-depth as I'd like to go on the current market conditions regarding COVID-19 and Federal Reserve policy; but I'll try to get the important points. The Federal Reserve Money Printer has been going "BRRRR..." for a while now. The interest rates are already essentially slashed to zero and without going negative they...

Meteorite777 Updated 

Longs Triggered @ Short Target 3 of $6,550 at midnight the night of 11/24/2019. s3.amazonaws.com My initial short targets were based on the 50, 100, and 200 EMA's and although they have changed since my original call back in July; we have (locally) bottomed within $20 of my $6,550 final short target. (Link to previous Bitcoin Short Idea 14k -> 6.5k: ) ...

Meteorite777 Updated 

Ravencoin has a fairly predictable pattern of creating sharp falling wedge and then breaking out of them violently. There was even another one that is not reflected on this graph as it happened before the coin was added to Binance. I don't have time for a very long analysis but as a long time miner and holder of RVN it seems from my experience we are due for a...

Meteorite777 Updated 

Just as the title says I am looking to enter short on Bitcoin until the Daily 50, 100, and 200 EMA's: that gives us 6550, 7659, and 9014 as our targets respectively. Generally on retracements of this size Bitcoin has reached or breached the 100 EMA but often fails to reach the 200. The Daily Ichimoku Cloud Tenkan and Kijou give us support around the $7,000...

Meteorite777

s3.amazonaws.com Don't have time for a very in-depth analysis here; but the Ichimoku Cloud Kijun-sen in white has been supporting this entire bull run since $3,500; it held our wick to $6,800ish in mid May and we have just bounced off of it at $7,500. We broke our parabolic curve which initiated this fall from 8-9k; I noticed yesterday we were in for some money...

Meteorite777 Updated 

Staggered Limit Orders (1/4 position at each): 210 sat (filled) 201 sat 183 sat 165 sat (maybe a hail mary @ 150 if you feelin' frisky for bottom of blue channel) RSI on daily at or near 20.

Meteorite777

I see a potential for a break out of this wedge on ZEC/BTC. Keep your eyes peeled and look for volume confirmation. Good luck and happy trading. -Meteorite777

Meteorite777 Updated 

It looks like we may be experiencing a technical breakout of the downtrend on the total crypto market cap and possible reversal of the great "Crypto Winter"/Bear Trend of 2018. The downtrend in blue has just been breached and we see a very rapid and sharp increase in volume over these past few months. This could be read as a potential capitulation/accumulation...

Meteorite777

Bitcoin seems to have broken the regular pattern of the channel we have been forming since early spring in April/May. It seems to have found support in the $6100 area, making a potential double or even triple bottom on the pink line. After we tapped '1' we should have gone to '?'; but instead we held and made a double bottom at '2'. T hen we broke the pattern by...

Meteorite777

I see two possible bullish divergences on ZEC/USD marked by the teal and green arrows. I am looking to enter long until at least the pink dotted downtrend line around $170. If we break that we should look to test the Fibonacci retracement levels starting with 0.236 with possible target orders around 250-275. Riskier traders could wait and see if 0.236 provides...

Meteorite777 Updated 

Just some food for thought when looking at DGB-BTC. I've been looking at it as a long term hold ever since spring of 2017; and after the run up in June/July of 2017. The Citibank awards and even being mentioned on CNBC Fast Money created a fomo that led the price to shoot up into the mid 2000 satoshi range. In December we reached at or near the 800 satoshi levels...

Meteorite777

BTC Broadening Wedge/Megaphone Pattern. Enter 6250-6275 BTC; Stop Loss anywhere from 6225 to just below 6160 fib support depending on comfort with risk. I think 6160 might invalidate the bottom wedge trendline but it could still provide support. Upside Target near 6800.

Meteorite777 Updated 

Bitcoin looks like a really good R:R long opportunity to me. It's risky as the downtrend is strong but with tight stops it stands to be a potentially nice trade. We currently have a 4h hidden bull divergence converging with 0.618 fibonacci retracement in an uptrend. This is one of the most common retracement levels to reverse on. I plan to ladder in with stops...

Meteorite777 Updated 

Hey Traders, I spot a bearish bat XABCD formation on Bitcoin. 0.465 is within 38.2-50 AB leg and we just made BC leg of 0.873 AB retrace is exactly within limit of 88.6% of AB leg limit. We should see CD retrace between 88.6% of XA or .1618-2.618 extension of AB After identifying the XA leg, we notice AB retracing 46.5% of XA, well within the 38.2% – 50%...

Meteorite777

I see a 5 wave Elliot Wave Theory completed at 5k with an A-B-C retracement that took us down to 3k. This is when Dimon and friends called bear and started buying. It looks like we completed the retracement and are now in the middle of another 5 wave bull. Using fibonacci levels extended from our old ATH of 5k to our low on this retracement of 2950, the 1.68 puts...

Meteorite777 Updated 

Ethereum has been in a long term downtrend over the past few weeks since hitting its all time high of $400-420 reaching a bottom of about $140. It has since seen a recovery into the $200 range and hovered right around there. Scrolling out to the 4h and 1D timeframes you see signs of a divergence and potential bull-trend forming. Looking @ the 4h, we see volume...