MichaelBlach

MichaelBlach Updated 

We may see a nice uptrend for Litecoin/Bitcoin price. We can see the 20W MA has crossed the 50W MA, known as a golden cross, this is a strong indicator for an uptrend. We can also see support coming at the 2/1 Gann line. With bitstamp around the corner we may see Lite coin get very close or even surpass its ATH versus BTC, not with some resistance, however, I...

MichaelBlach Updated 

Here we can see our price has hit some support at the 2/1 Gann line and our stochastic is at medium threshold, when historically it has been at the upper threshold, this is great signal for a price rise. We also see some bullish confirmation right where the support line is hit. This is compounded by the fact that our 20 and 50W MA's are very close to crossing,...

MichaelBlach Updated 

* Disclaimer * This is merely my speculation and opinion, I personally do not think TA is very effective in predicting big news. I am simply analyzing a past event similar to what is to come in order to present a possibility of what to expect. * Disclaimer * I am analyzing the Coinbase launch in order to gain an idea of what we might be able to see here as...

MichaelBlach Updated 

Here we can see that we are potentially hitting one of the last, if not the last solid entry points for a long position with the Bitstamp launch coming next week. Here we can clearly see with the 20W and 50W MA's that our price is heading for the over-sold position, which lays ground for a bullish reversal. This idea is strengthened by the fact that we are...

MichaelBlach Updated 

Here we can see that Bitcoin can potentially reach its all time high, based on the 2/1 Gann Line meeting with a resistance line in the Fibb retracement at $2910. We could see some nice rise if it is able to breakthrough once it is tested. I disregarded the stochastic level, which is above the 80 threshold and also disregarded the MA and the fact it is in the...

MichaelBlach Updated 

I posted before this about "a week or two in advance for Litecoin" and I am just following up here quickly (I still don't know how to add this to my previous post) with some recent developments and predictions. So we can see that my previous prediction about testing the $31 resistance was correct as we can see it tested it and is dipping a little. Here we can see...

MichaelBlach Updated 

We can see LTC/USD has been hitting some resistance at the $31 level as of late. This week is no exception we see some support coming in at the $28.40 level in addition to a hammer followed by bullish confirmation. This is signaling an uptrend, but we will however, run into that resistance again at the $31 level. Before this happens I expect us the drop a little...