Felt compelled to write this because a lot of ideas are claiming we've bottomed out and the bulls are back. False... at least the part about bulls. The bears are still in control and have been setting bull traps for the last few weeks and today is no different. Take a close look at the RSI. Control changes hands when the RSI touches the 70 near ATHs or the 30...
It's testing $8k as I type this and while it just bounced up, I'm confident it'll retest and break below. The question is where is going to stop falling. It just broke through into the $7k on GDAX just now. Here's my prediction: ~$7,000 is my low this time around with ample opportunities to get in around $7,600 without any trouble. I have buy limits from...
From the way things are unfolding there's strong support at $149. LTC is still handcuffed to BTC despite strong efforts to split off and I believe it may get dragged down beyond the support zone if BTC drops to $8k (quite likely IMO). If history repeats itself, BTC will want to spend an hour or two at $7,500 with a quick downward spike to $6,000 (I give it a 50%...
This is just a quick BTC projection. It seems like it's run out steam and I was expecting it to test $7.5k before heading to $10k. Anything is possible in this market but I figure a drop to ~$8,500 or so is my best estimate.
This is an update from my last projection of XLM. As you can see we've bounced off of the baseline and support fib levels and now that BTC has finally hit its sub 9k goal, it's time for this market to turn around. All aboard the XLM train because by all indications it's going to be headed for 1 and likely 1.618. Everything alt rises and falls with BTC so I...
I'm predicting FUEL is going to have a slight pullback to baseline support which coincides with the Fib's .5 Most of the charts I've done lately all show slight pullbacks which leads me to believe BTC isn't done trying to retest $10k. Once support/.5 is hit, I'd expect FUEL to test .786 for a 48% ROI.
I meant to post this a few days ago but never got around to it. Since then the chart's changed a little bit and I've updated the projection.
Here's the updated chart of the original projection. As you can see it hit resistance at .618 and pulled back to the support baseline where it's been trying to breakout (stopped each time at descending upper channel ceiling). Now the support and upper channel are converging at the same point and .618 has already been tested, it's time for SC to breakthrough and...
See chart.
This market is all about temporary pullbacks before moving to the next Fib level mainly because whenever BTC -1.95% moves up or down, alts pull back temporarily. In this projection for every 1BTC that is invested right now, 0.2BTC of profit is had at .382. Now pay attention all you "HODLERS" because this is the kind of stuff everybody thinks they know (like buy...
In the next couple weeks it looks like XRP is going to break through the .5 ceiling and retest .618. As I'm writing this XRP is starting a run but it'll likely hit the .5 ceiling and come back to the current trend support line before heading to .618.
I was on a plane 12 hours ago and had a poor signal with the airport wifi as the plane was pulling away when I tried posting it. Anyways, SC has been long overdue for a nice pop and as of this posting it's hitting some resistance at the .618 level. SC is known for it's high volume trading and if it breaks through there's a decent chance it'll try to break...
A couple things before I get crucified for this abomination: I've spent my career as a financial consultant specializing in risk management offering perspective and solutions (often nontraditional and math focused) in ways most of my peers would never consider, yet know how to design and execute. I do not claim to be an expert on long term projections in this...
Please see chart.
Please see chart.