Possible areas of support where we could see potential bounce plays. Take profits will be prior supports/trendlines turning into resistance. Red downtrend is the line in the sand that would have to break to confirm continuation of bull run, however very unlikely as we have seen a 12345 elliot impulse wave breaking every fib extension set from 2014 bubble. Bitcoin...
I am trying to fit in the timeframe from 2014 so dont mind the steep waves, they are what they are. Using fib extensions set in 2014, we see how BTC has tagged them perfectly and we have broke all while ping ponging in classic 5 wave elliot set fashion. Multiple factors have led up to this and have attributed it coming to fruition. First being cryptocurrency in...
BTC stochrsi into way overbought territory. We have seen the biggest dollar per coin rally so far, with positions up $2200 per coin if you bought under 2k. We have just pretty much hit the 1.61 extension of the first wave up, which was a great place to sell at in this price discovery mode. We are 100% in euphoria or getting near it, with everyone and the media...
This recent addition of USD charts to all coins on polo and bittrex is amazing. They tell us a completely different story than the BTC ones. Despite AMP being a buy on the AMPBTC parity, this AMPUSD shows us something unique most wouldnt have caught without this addition, since it doesnt have a natural USD market. You can see AMP respect its prior bubble top in...
MAID has always been a solid and professional project with promising potential. They have been taking longer than expected to develop their initial products, however they have been in a closed alpha for sometime now and are making great progress. We see the price near the bottom of a established long term trend. MAID has the potential to join the billion dollar...
AMP suffered brutal short term losses, no doubt about it, most of the alts have. Even though you dont see any fancy TA, the project fundamentals are all there. They have released a fully working browser extension, which is the first tool in their envisioned "attention" economy. There have been prominent news articles in CNBC and Forbes about Synereo. The CEO is...
We have multiple established trends where btc can likely find support and continue on. A few of them to keep an eye on in order to identify buys and sells are illustrated here.
We need to see how this current price holds. We are at the 1.61 extension of the first wave, if we see a retrace and respect 3k breakout, would signify a third wave up to the 1.61 extension of wave 3, which would be 5200ish.
XMR riding a nice trend since September. Long term many of the top alts will absorb the coming market cap, expect Monero to be one of them.
We see a classic tripple bottom pattern form, as all alts stabilize holistically in the market from the recent sell off. Crypto has way too much mainstream attention right now for it to be over. Some traders capitalized in the short term going to fiat, good for them. Over all in the bigger picture, we have seen significant increase in both trading volume and...
AMP is not over. Remember there is two sides for every trade. For every seller, there is a buyer, and we see some good volume buys in AMP as of late. The whole market is selling off but AMP is forming a huge cup and handle. Synereo will soon be in the big leagues.
So lets take firstly into account the recent hollistic market selloff. We can see in a bigger picture with AMP that there are STRONG bullish signs in both the technical analysis fundamentals and also the project itself. We have had a perfect 50% fib retracement from the begging of the move back in April. We see a perfect bounce off the 12 hr cloud with a crossover...
BTC has always respected its trends religiously. I believe this was the final shakeout. It has to be or we will start a bear cycle. We can see it has respected the uptrend set earlier, and we only had long wicks touch it. If we switch to a line chart, we will see that we have open and closed, respecting previous top at 2415ish and still making higher lows despite...
Synereo AMP has seen some decent price action as of late. We see a long term trendline set back in May, and despite the recent crypto sell off, AMP respected the trend, as we can see on the long candle wick down. We notice earlier on huge green volume candles with not much price rise as expected per the volume. What this tells me is large quantities have been...
XBC is respecting a nice 1h trend with stochrsi strong and plenty of room to keep growing. We had a bit of a sell off, considering a 150% pump from the lows, however we see huge buys being absorbed and supply still scarce. Something is for sure up, 5000+ 24 btc volume out of no where, low supply and low market cap still considering. Is it preparing for launch?
Lets just state for the record Bitcoin Plus is not a prominent project, at least to my knowledge. It's only being traded on Poloniex. This coin does have all the fundamentals to pump. An active developer, secure blockchain with improved features over Bitcoin and a low and limited supply as well as market cap considering. Something is just strange to me when you...