Prothius187

Prothius187 Updated 

After an extended consolidation period, Decred has pushed outside of its pivot points that were compressing it, and it is readying for its move upward. Decred is likely to move to .02 and then onto .03 within the next few weeks. The extended consolidation period has built a very firm foundation of support for these moves and we may even see price extend all the...

Prothius187 Updated 

DASH is finally broken out of its $150 range on all exchanges and is recharging for its move to $200. DASH is likely to bounce off of $200, but will return strong to the $230 level and beyond. DASH has been very resilient through all recent drops and maintained its price quite well. It has met selling pressure at $150 repeatedly, but having broken this range it...

Prothius187

After being the first crypto to drive over $100, DASH has finally almost finished its consolidation. I expect this to resolve in the next week or so. If you're not already in this trade, now is the time to begin entering by buying the dips. Compression has been happening for almost 2 weeks and it's possible that this will move fast once it breaks upward. Most...

Prothius187 Updated 

Consolidation at the bottom took longer than I thought and extended out of the original triangle I drew. The trade is still active, and looks to make a move in the next few hours. Sellers are exhausted at the bottom after 10 hours of failing to breach the original support at 750.

Prothius187

The price of BTS has been depressed for a very long time. Given the building use case, and the improved functionality and liquidity of openledger, BTS is finally on its rise due to increasing demand for BTS. A local bottom has been located and I've entered this position medium term. 1-2 months should see this rising to USD$0.02 doubling the price. I may stay...

Prothius187 Updated 

Strong consolidation, which it needed from the last drive up, has finished. Wave counts are right for a move up.

Prothius187 Updated 

Tops are indicating on this chart by the overbought condition showed on Laguerre PPO percentage rank top indicator. These coincide very well with previous tops on the last 2 drives and help us to define where the top might be on this 3rd drive. I've marked these as red lines showing the topping points just before MACD hits a sell signal.

Prothius187

We are in an overbought condition for the third time. The previous two times we reverted to the Tenkan-sen and I don't think this time will be different. The exuberance getting us to over the 1K point seems due for a reversal. This may lope its way downward, as there is still quite a bit of bullish energy in the market. Though when the market realizes that we...

Prothius187 Updated 

Following very strong movement that has seen the price move strongly off the moving averages. Indicators are showing overbought on all TF from 1 hour to 1 day. I suspect we will pull back to at least the 6000-6100 level. If it holds we will most likely return to test the ATH. If this levels fails, there is the potential for a larger drop to the Kumo at 5700.

Prothius187

Things have stabilized with BTC since the news of the hacking of Bitfinex. This does represent a good opportunity to buy, but there is still risk as gauges of sentiment will take longer to assess. Futures are currently -1.8% of spot price, and indicators are still relatively bearish, thought he daily has made a cross over the conversion line for its first...

Prothius187 Updated 

I've got a bullish formation on the 1Hr chart. There's a hammer showing but waiting to see how strong the advance is to confirm it. We've also crossed the conversion line, which is a first bullish indicator. There is still a larger bearish trend showing on the 1Hr, 4Hr and Daily, but the daily has improved slightly by wicking back up into the cloud, so it no...

Prothius187 Updated 

The larger bearish trend is still showing on all indicators even after the bullish push from last night. The drop has retraced almost to the .382 fib and has hit the previous support level at 4150 now resistance for a drive upward. It is still likely that we will retest the 4058 support given that a major support was broken last night and the larger bearish...

Prothius187

The drop has brought us to the pivot points at 4058. These just printed and have provided support currently. All indicators on the 1H, and 4H are bearish. The Daily is mostly bearish, though price has remained in the cloud for now. Waiting for confirmation of a new trend before re-entering a position. If price breaks this 4058 pivot, then it's possible for us...

Prothius187

In 2 strong bearish pushes 4150 was breached and my tight stop loss at 4120 was reached. Currently waiting for market direction.

Prothius187

After the initial reaction push downward, there has been 2 more tests of the support at 4150. The last one a few minutes ago was the strongest and most sustained push by volume, and both tests were unable to penetrate further than 4170, both failing to reach the original 4150 point from the initial drop. Both attempts at breaking support were stopped not by buy...

Prothius187 Updated 

As I thought might happen, when BTC started sliding, all indicators quickly went bearish which pushed price into the Daily cloud and then price rapidly went into free fall from there. Currently, indicators are still indicating the bearish trend, but strong support has held at 4150 once again. This is the last major support we had that was tested multiple time...

Prothius187

For the first time after the drop from $780, BTC has entered the Kumo on the Daily Chart. Bearish signal.

Prothius187

As predicted, price has continued to ride down the cloud, but OBV and Accum are both showing bullish divergence as price continues to show lower lows and OBV and Accumulation continue to rise. CCI was signaling a new downtrend, but has returned to neutral. Waiting another 24 hr period for potential entry as the cloud will slightly ease up on price at that point....