In the last bear market LTC dropped approximately 98% and had bottomed 140 days before halving. In only 3 months after that it rallied almost 700%.
If we assume that LTC bottomed at 22$ in this bear market, 240 ~ days before next halving we are currently sitting on increase of approximately 130%.
As we can see there is already a difference between the last and...
I would like to talk today about one graph that is usually ignored by most of the traders, but which gives the best signals overall for general direction of the market.
As we can see on the total crypto market cap, the price went down exactly at the same resistance as the last time, forming a pattern of ascending triangle which would be...
As we can see on the daily Zilliqa failed two times to break the resistance line, and is currently forming what it looks like an iH&S pattern.
Wavetrend had bullish cross in oversold zone which indicates of a possible swing to the upside, selling pressure/volume is declining, RSI and OBV had a nice reset.
Remember that the pattern is not yet confirmed and is...
As you can see Zilliqa looks quite good, the only worrying and bearish indicator is low volume, it looks like the buyers are not there to break crucial resistances (green zone).
If Zilliqa manages to break up with the strong volume and market shows some strength in keeping those resistances as a support we can expect some good bullish periods for Zilliqa.
Possible hidden bullish divergence, if we break the ascending triangle potential target could be 0.03$.
Another rejection of a triangle resistance with even lower bullish volume and breakdown of an ascending triangle.
Market is in bad condition, could and probably will a huge affect on the price.
I wanted to talk a little bit about the historical price of BTC, and share some of my opinions about the future prices of BTC and why I think that there is a high possibility that this triangle everyone is talking about could be totally meaningless. When you look at the historical graph of BTC, you can see that there is no point in comparing...
As we can see on the chart, TRX had a massive bullish impulse, but again got rejected from the same resistance.
We can see the picture more clearly on the daily time chart:
Current price is testing 0.382 Fibonacci retracements of the last bullish impulse. This level is also important because it was the last...
As we can see on the 4 hour chart, ETH made a nice drop from overbought levels. I was hoping that it would be able to find the support on 220~ which was 0.382 retrace from this whole bullish impulse, and that we will enter into the 5th extended bullish wave that would bring ETH to 300$. But bears had different plan and took that support down, leaving...
On the daily, we can see the big falling wedge in which ETH has been for 130 days and lost 80% of its value.
We can see some 4h divergences playing out on the right picture, both on RSI and OBV.
Wave trend had a bullish crossover from an oversold area, also showing bullish divergences.
If buyers manage to push the price above 185$ in the next 30h~, the daily...
As we can see on the 1hour chart, BTC made three waves up to the higher highs, creating triple bearish divergence on MACD and RSI. Bearish divergence did it's job and we have fallen out of the uptrend channel.
This is just confirmation and a reminder in which market we are currently trading and that going long should be only with stop losses and small leverage....
Let's see if this channel is going to hold until 7600 where we meet our double top target and huge resistance line.
Today BTC touched 7700$ and bounced a little bit, but is also acting really weird lately.
Don't forget that we are still in the huge downtrend channel, even from ATH:
This is not trading advice, this is just an idea
We lost strong support on 8400. Currently, 8000 is holding but drops are hard this time, and in hard price movements RSI can stay overbought or oversold for a longer period of time.
8000 proved to be a solid resistance so far, rejecting bulls 3 times and creating bullish divergence.
RSI oversold on all smaller time frames up to 2 hours.
30 minutes bullish...
Hello Trading View,
In my last idea couple of days ago, I warned about the possibility of a double top formation. Disregarding Binance bugs and Mt- Gox dumping, the market overall again became bearish and I suppose that we would have seen the same numbers but a couple of days later. This is the crucial moment for Bitcoin. If 9200 resistance manages to hold BTC...
I drew some simple Elliott waves from BTC all-time high until now, and as you can see on my chart, we are currently in wave 4 of Elliott cycle. The price was perfectly following Elliott cycle, Fibonacci resistances, and general Elliott rules. BTC is fighting 0.382 Fibonacci resistance for the second time, if we manage to break above we are going to...
As you can see BTC got rejected from the downtrend line for the 4th time, Fibonacci levels from the all-time high managed to hold as a support couple of times, let's hope BTC does not go under 9k, if it does we are in free fall long term and we will skip 8k zone like it doesn't even exist. Don't get me wrong there are some weaker support levels from 11k to 8k, but...