PickingTrades

PickingTrades

What a ride its been these past few months, we had altcoins shooting for the stars, some pretenders to the crown climbing the rankings, then the whole market fell away and my hard earned sitoshis with my alts. Some have recovered and I am content to leave them where they are unless BTC decides to wake up. More importantly however is this fall over? Well history...

PickingTrades

Who knows what the future holds but one thing is for certain now bigger money has entered the cryptoverse from the relative safety of futures contracts there is even more uncertainty surrounding the volatility of this market. Liquidity will not be a problem for these big players and the market cap for the entire crypto space is almost laughable from there POV so...

PickingTrades

Patterns repeat, we can learn from history, everything is connected and there is a reason for everything even though in most cases those reasons enlighten us post events unfolding, which is a source of great frustration. So it is with great trepidation that I re-visited this chart. I stand firm that the BTC drop is not complete, I expect to see it south of $10k...

PickingTrades

Is all we need to know is that patterns repeat themselves and the key to unlocking the future is to look a the past? I like patterns and I like history it tells us where we have been and how we got where we are today. Can it repeat itself is the question I want to know. Time will tell but its worth pointing out we have seen this scenario before, the build up,...

PickingTrades

2018 will be solution driven and tech adoption driving value of previously overlooked platforms such as DASH/ETH/NEO. The rise of the Altcoin will define 2018 (that's just my opinion) Large institutional money waiting on the side-lines for futures trading to get established as well as large hedge funds geared specifically to crypto gains, a boost but by far just...

PickingTrades

Taking previous bull run trend from initial break out into market, varying levels of similarities. Ceiling looks to be at $602 for now, my expectation is a consolidation before the new year bring new money and new developments with a surge to new ATH's. Healthy cycle looks to top out at $900. Short term view would see $600 at year end or even new years day...

PickingTrades

Next target $484, push through this then its on to $640. Good support levels at previous ceiling $388, strong supports at $355 and $298. Uptrend to $640 based on previous push to ATH from June-17. Movement outside of these channels voids this analysis. Expectation to see $485 in the short term and then some profit taking and consolidation. A drive to $640 is...

PickingTrades

Previous breaks of the EMA231 through key fib levels have shown pull backs in price required before continuing the upward trend. I expect a break through of the EMA7 of the EMA77, signalling a shorting opportunity to previous supports before a bounce, I am looking for a candle to touch the still climbing EMA231 before a reversal and a long term buy...

PickingTrades

Little resistance seen between the upper fib levels, new money hitting the market boosting market cap to $200 billion, another milestone for the beast that is BTC. Last cycle seems to show breakdown of the current run coinciding with the SegWit2x fork or somewhere near. Let's see, I expect a correction which could be severe inline with the recent gains (what goes...

PickingTrades

Sucking the life out of the altcoins, BTC has given us a reminder of who is king in the cryptoverse. Some strong performance in light of some serious regulatory and notorious slandering this machine just keeps getting stronger. I can't see BTC moving outside of the upward trend/channel without something more fundamental coming to the table, segwit2x could provide...

PickingTrades

Additional money surging from the Altcoins, doesn't seem to be new money mostly buyers anticipating a successful and lucrative dividend from BTG, who knows. The upward trend is definitely confirmed with strong trends and supports in place, we would benefit from a pull back preferably to $4300 to signify a new cycle and push to new ATH in time for 2018 and the run...

PickingTrades

These channels seemingly set up great, good trend anchors everywhere, reinforcing positive movements. Extremes outside of these zones are little known, smart money (safe) stays within the limits. Buy low sell high all the way up tot he top. DASH is going where other coins can only dream to follow, all the way to mass adoption with real world solutions for peer to...

PickingTrades

Some key decision dates seem to be aligning around Halloween, DASH is no different and will be influenced by key milestones. Key success across the community XRP, PIVX, BTC and ETH, will influence DASH in the short term, will it continue to live in its upward channel or will it break through, a move below that channel by the 77 and more crucially the 231 could...

PickingTrades

Adopting learning's from the Boss Man (Brandon Kelly - Boss of Crypto). My expectation is a retesting of previous support levels followed by return to uptrend, I anticipate that should BTC see decline in the near future positives can be taken from bullish tendencies towards a drift away from historic trends between ETH/BTC and a breakout to test historic highs...