Peyote_Manning

Peyote_Manning Updated 

Looking at the daily on Binance we see Icon has broken all previous support levels. RSI is as low as it's been since August. We had an increase of bearish volume midweek and a daily decline since then. In August we did see the RSI reach lower levels before the eventual bounce which was about 95%. The bottom probably isn't in yet especially if BTC dives down...

Peyote_Manning Updated 

I would say there's a solid argument to be made that a 5 wave impulse has completed. If you zoom out to the daily we see our first signs of a pullback. Of course it's still early and we could have another push up but a correction is due at some point and we have a double top on multiple time frames and what looks like an ABC forming so far. After such a clean...

Peyote_Manning

This is what I'm watching for eth on Coinbase. Formed a double top at just under $100 and a double bottom just above $80 to form or current range. We have a bullish increase in volume and a bullish cross on the MACD. Yellow boxes are resistance levels to watch corresponding with previous price action and fibonacci levels. This could be the end of the 3 wave...

Peyote_Manning

After going on a spiritual journey through various HTF's on BTC/USD on Bitstamp this is what I'm seeing: The 2018 bear market seems to be playing out as a triple combo correction of some sort with the final wave still looking unresolved. My crypto spirit animal said 3200-1700 seems likely. (but should one really trust a dung beetle?) This complex correction...

Peyote_Manning

Looking at the weekly on Bitstamp we see a significant volume spike accompanying a large drop in price often indicative of a climax sell off at the end of a steady decline in price and it is a sign of trend reversal. But many seem to think this will result in an immediate turnaround in price. It is far more common to have a prolonged period of ranging before the...

Peyote_Manning Updated 

Possible head and shoulders playing out. We have the initial uptrend, an increase in volume to form the left shoulder, another smaller volume spike for the 2nd left shoulder, then another big volume increase as the head forms, then decreasing volume as the right shoulders form. A break of the green necklines with an increase of volume would confirm the reversal...

Peyote_Manning Updated 

You can draw this triangle a lot of different ways looking for more points of contact on different time frames but the fact of the matter is that btc is going to break this month. It might go up. It might go down. There might be a fakeout. Nobody knows. If they say they do they're a liar. What's important is looking to see what might happen, what's likely to...

Peyote_Manning Updated 

.236 is major resistance If btc breaks many altcoins will face a very uncertain fate with no support levels in sight. nano is one of those altcoins.

Peyote_Manning Updated 

These are things I'm looking at, keeping in mind, just reminders. Not rules or guidelines but markers and roadsigns. Where we've been. And where we might possibly go with a fan fiction roadmap to get you there if you want to buy a ticket. Believe it if you need it if you don't just pass it on.

Peyote_Manning

Had this chart sitting here looking me in the face so I said okey dokey I'll post it so everyone can laugh at how wrong I was. This isn't a bold prediction though. Really just looking at past action. You choose your own adventure. What happens next? GIddy up.

Peyote_Manning

Monero, like almost every other coin, is fast approaching a moment of decision. So many altcoins are near critical resistance. If btc were to break significantly it would have severe ramifications across the crypto world. In such a disastrous scenario there would inevitably be some survivors that rise from the ashes like a phoenix. Nobody could possibly predict...

Peyote_Manning

Looking at ICON/USD on the weekly as calulated by Binance and thinking about swimmin pools. The chart begins in mid December of 2017. Some people say that was a good time for crypto. Right off the bat we see a heavy divergence in price movement versus volume with price hitting ATH in early January around 13 American dingos. Next week price fluctuates wildly...

Peyote_Manning Updated 

Looking back during december of last year we see an inverse head and shoulders play out as a trend reversal. The neckline served as resistance four times before it broke out. Volume corresponds to each move and if one played the break of the neckline resistance it would have yielded 300% gains. Textbook technical reversal. Hindsight is 20/20.

Peyote_Manning Updated 

Green horizontal line is when the ICX/BTC pairing first hit binance. The blue trend line is a very serious point of resistance for ICX ever since it's peaking double top. The yellow line is recent support. Either which way it looks like ICX has to break one way or the other by early Septembre. It probably depends on BTC. Like most alt coins it remains a real wait...

Peyote_Manning Updated 

Watcha thinking bout? #swimmingpools by award winning rapper Kendrick Lamar. C wad I did there? Subverting expectations is the subject of the day. Here we have BTC in what sure does look a lot like a wedge of some general sort. Sorry to get tooo tech w/ you ther. So the jig is likely up soon for this chapter of the story?... We're in a bear market, we've...

Peyote_Manning

Looking at the daily chart on Coinbase. Various significant resistance and support levels of note. If we look at the last time the RSI was at this level the price rose 7% which would take us almost exactly to that previous resistance/support line in green. Human behavior repeats. We are creatures of habit. Markets don't change because they are representations of...

Peyote_Manning

EOS hitting all time lows on the daily RSI. The only time it came close to this level we saw a 375% price increase. Coincidentally the price is almost back to that same pre runup level. Crypto is not for the faint of heart or the weak handed.

Peyote_Manning

Always adjusting and trying to find different perspectives, different counts, yadda yadda yadda. Here's another one to gobble on. Cheers, Peyote ...oh and btcusd and this that and the third dot com hashtag number sign enter output: