DGD looks tlike its preperaing for a big run up with an ascending fib consolidation. Important peaks are falling within the golden ratio and the underlying trend line is going up fast, break out could be within the next hours to the next days.
BTC showing ascemding triangles but refused breakout on the 3rd peak turns into a triple top. A break towards the upside will probably run up to 9-9.5k and a breakdown might see a retest of the support found at 7 and maybe even 6k.
So were completing the correction waves here. Still making nice fib bounces with today's confirmation candle. It looks like were headed for the final bottom here shortly, within the next week id say. If this happens it will shake all the weak hands that bought around 12-14$ and well get a nice bounce at 24% or 32% fib are my two buying targets (7.4$ and 5.6% cad)....
Breakthrough happened on high volume, look for 1st target at 15000 satoshi. Its hard to determine further targets as there is absolutely no precedent with this coin. Be careful and invest conservatively, this is not financial advice, merely my opinion/
SUB has been on a solid shitstreak (like almost every other crypto during this market correction) has made a double triangle bottom at 24% fib. Look for the completion of the pattern of the symmetrical triangles around 93-98 region on higher volume before engaging long. This could be a good swing trade as it could reach good profit within a couple of weeks.
Bluzelle with a bullish pullbakc to support after breaking through an ascending triangle. 10000 satoshi should be the new support and as it gets established we should see a solid bullrun. This is a good entry point in my opinion.
BLZ is fresh off the boat, already making an ascending triangle and looking very bullish with lots of volume. This is a new coin so VERY HIGH risk, that being said, this thing could get pumped to high heavens at least 300% to 400% current value if market mania kicks in. Look for break up above 10 000 satoshi and enter long for some good profits. If it does break...
As I mention in a lot of my posts, Fibonacci ratios are great for speculative and volatile markets. ACB doing the same things as WEED (more or less). From the top a retrace to 38% from the top (scary accurate) at $7.2 and looking to retrace the correction (second fib chart on the right) in correction waves anywhere around 38% (10.2) (reached already) and 62%...
Wow volatility is CRAZY!! making fib bounces within days. Not wasting any time hitting targets! Target for WEED reached at 30$ retracing to 62% fib. Now hopefully a short back down for the final correction wave from the ABC pattern First target pickup is at 21 again, second is at 16$. Good luck and remember to take partial profits in case in keeps running...
Giuven that nothing funky happens with BTC and there is no terrible news released, VEN is looking bullish again after bouncing nicely on its long term trendline and continuing upwards
VEN stil sticking to that midterm trend line and has yet to break down. although it is following it quite closely, keep an eye out for possible future breakdown to lower trendline if it doesnt bounce upwards
I wanted to share this because I thought it was cool. A way to recognize consolidation into bullish overdrive. Perfect Fibonacci bounces respectfully 78% and and down to 23% where it narrows further into the fib channel between 62 and 38 percent before breaking through the previous high on high volume. This shows an almost guaranteed bullish momentum follow...
BTC has possibly ended its endless diarrhea cycle to 6k, holding its longterm trendline from 2017 before the euphoria kicked in. This correction has shaken the greedy investors and the maniacs who bought at 20k (it happens, but seriously don't be greedy). THe 4 hour candles show signs of strong reversal. That being said it, could go much lower there is a bear...
This is exactly what the BTCUSD 1 day chart looks like but it took longer to complete. The mania of ether started after that of bitcoin and followed closely in its steps. In addition the tops are forming with perfect Fibonacci ratios, almost exactly like btc. I would be shorting this back to 800-900$ for the next couple of weeks at least
ETH hitting my previous target of 700 after making a perfect elliot wave and a bearish double top with cypher. No it seems tobe bouncing on 700 at 38% fib, look for a retrace to around 950 before further selloff start. stop loss at 620.
WEED bouncing perfectly off of 38% fib levels at 21$ instead of 50% (24$) like I had predicted last week. No matter, the profit margin could have been bigger but Im quite certain well see a recovery to $29.92 before another selloff before legalization. Long then short around $30 region
Yesterdays bounce was anything but spectacular at 38.2% fib and after breaking a long term trend line. A pull above 9 thousand however unable to recover horizontally, it looks like bearish momentum might drag it lower. I dont believe this correction to be over yet. When and IF the price reaches 6-7k, people might start fear selling, as is only natural in such a...
BTC making a cool comeback showing that BTC bulls are still alive and kicking. That being said while the second bull up burst seems to have been stronger than the first (percentage difference) however the ascent is not as steep and shows BTC finding a ceiling once again in the low 9k region. The correction is not over imo and could still see lower lows if bears...