NeoTidus

NeoTidus Updated 

Chart: It seems that a wild inverse head and shoulders appeared! -Light blue line will be the guide I am using for the break in trend to sell if targets are not met first. -Orange line will be target #1 for securing profits. -Yellow line will be target #2 for securing profits. -Purple line, a close below this line more than likely represents a failure of the...

NeoTidus Updated 

With a prior downtrend, you would think that a good looking symmetrical like this would send us into the warm embrace of the bears, but you could be wrong!? We have had a closes above the resistance line (purple trend line) of the symmetrical on the 5m, 15m and 30m charts with what it looks like plenty of gas in the tank on the 1h stoch and the MACD and RSI...

NeoTidus Updated 

As the old adage goes “If it ain’t broke, don’t fix it!” Taking a look at those small red outlined circles we can see that when there was a close above the trend line coming from the high of 26 Nov 2018 and the previous high, there was a decent run. This is all except that last one there in the yellow outlined circle. After the cross above the trend line there...

NeoTidus

This one is somewhat of a head-scratcher. There are a couple of options we have and I have highlighted what I think are the two most likely. 1st: Is that we are going into the 3rd or a series of elliott waves. This can somewhat be supported by an extremely ugly inverse head and shoulders (if you can even call it that) and that the stoch is showing signs of a...

NeoTidus

My perspective at evaluating this token is as a retail investor that knows only the basic functions of blockchain technology and very little about the technical aspects of it. PROS: -Speaking from a technical analysis of the chart and the tokens position in comparison to other tokens, there is a lot of growth potential. -CEO and Founder of the developing...

NeoTidus Updated 

A small and fast trade with little to risk. Has passed several resistances. I am expecting, overall, the downtrend to continue, but have a small pullback here for a quickie. Enjoy. Target: Aim is to sell off 50% just below the 50% retracement mark @ .0003758 BTC. Then hodl the rest until a close below the orange trend line on the 5 min chart. Higher risk: Buy...

NeoTidus

So first off, we have a major negative which is the lack of trading history on NANO/BTC as it was released on Binance in Feb 2018 and has been in decline ever since due to being released during the time that the markets were getting hammered after the large spike in Dec 2017. This does not mean that we can not evaluate the price to some extent. I have taken a...

NeoTidus Updated 

This price action seems to be respecting the low from 10 JUL 2018 and the high from 11 JUL 2018 forming an ugly symmetrical. I think that there is a pretty solid opportunity to claim about 4% gain with a purchase here with a very tight stop loss being a close over the light blue trend line that it is riding on. With a close below the blue trend line, it more than...

NeoTidus Updated 

Right now it is a wait and see on how the next couple of days are going to play out. Here are some pathways I think it may choose to go. Signals: Bullish- Your attention should be peaked once there is a close above the 68 EMA line (white line). This can be a potential higher risk/ higher reward buy if you are wanting to wring out every percentage point. A more...

NeoTidus Updated 

It would seem that all is doomed and hell is about to let loose all of its passionate fury over the faces of every crypto trader out there, but never fear because the reversals are here! We are currently in wave “D” of the correction phase from the inverse set of Elliott Waves that started on 5 May 2018. I am expecting that this wave will take us to around...

NeoTidus

A Glimmer of Hope! BTCUSD (4h chart) Well howdy doo y’all! Afteraction: We saw the bulls try to push out of that downward channel with success. While they did dip back into it a little, they never closed in there again finding some support on the top purple dotted line. Current Analysis: The bulls move stopped the decline, but only temporarily. It has placed...

NeoTidus

Well howdy doo y’all! Afteraction: Well you can see that a bear flag formed and the result was a fast drop. We knew that it was only a matter of time. Hopefully you all got out of the trade unscathed. Current Analysis: Since the big drop happened I went ahead and redrew my lines to reduce the clutter and try to focus on key points more so. Colors do not...

NeoTidus

Well howdy doo y’all! Afteraction: A declining volume with a rising price is indicative of an impending drop. I erred on the side of caution since we were coming up on a major resistance level. What we learned though is that the bears are taking a small vacation atm. (link to previous callout below) Analysis: So we just waltz through a major resistance on even...

NeoTidus Updated 

Well howdy doo y’all! Well dang nabbit, in a shocking turn of events, the bulls decided to take the initiative as we closed in on our level of resistance @$6,630 and have caused a small rally up to $6,900. This is not long lived though. This was a weak move by the bulls and a potentially large and hard correction is coming. The way I have determined that...

NeoTidus Updated 

Well howdy doo y’all! I am confident that we are going to take a dip around to $6,450. I think that there will be a trampoline effect and we will rebound to around $6,900. Why? Well I see there has been a decrease in volume over the past week. I think that the last run up was a bull trap as the volume movement was less strong than the bear movement right before...

NeoTidus Updated 

The Thin Red Line. BTC/USD Well howdy doo y’all! So I think it is safe to say that we will not be seeing a wave 5. With wave 4 overlapping with wave 1 and the tip of wave three confirming a strong resistance line between the highs of 24 Mar and 5 Mar I think that we are about to taste $6,000. Not immediately of course. Right now we are getting some resistance...

NeoTidus

Well howdy doo y’all! Sorry I missed you all last Friday, had to go see my Ma and Pa because of some family troubles. Don'tchu’ worry; Timmy did not get stuck down in the well again. While I was-a-hopin’ for a more graceful fall down to the $6,600 range; it would seem like that the rest of the world was in a hurry to get there. With a nice rebound followed by...

NeoTidus

(Someone asked me how I came up with those lines. This is what I generally look at and I usually take everything away to show more relevant lines, but here is what I utilize for analysis.) Solid Lines: High Strength Support/Resistance Small Dotted Lines: Medium Strength Support/ Resistance Lines with Dash Marks: Low Strength Support/ Resistance *White Dashed Line:...