Pretty straight forward analysis of silver right now. We either hold and move up or we will go back down to this $18 zone.
I lean more towards waiting on this one until it get's to that major support.
On the XTZUSD chart, we are hitting this MAJOR trendline. I imagine this will hold as support and we will move higher from here. You can also see that RSI is extremely oversold which would also indicate a move off this $2 area.
If we coincide this with the XTZBTC cross, we can see that RSI is also very oversold here and hitting this .618 fib line. this should...
Eth is at a pivotal moment right now. ETH has reacted off this $400 level a lot of times in the past. We can see how it's used this level as a pivot many times going back.
Currently, ETH has broken back below this line, which is inherently bearish. You could also argue that ETH is forming a head and shoulders pattern right now and we are only just now forming...
From my last BTC head and shoulders idea, I wrote that we would most likely see $10,000 if we were to break down. At this point that appears to be happening and my $9,500 level is in sight.
What I want to update everyone on is a longer term idea that could play out over the next couple months and if it happens, don't fret. Just be prepared and have proper...
If we look at the XTZ/BTC chart we can see that Tezo's is forming a MASSIVE multi time frame flag on the cross. If this midterm support level in the XTZ/BTC cross does hold. We are due for a MASSIVE upside break in Tezo's. You can see in the past where Tezo's usually consolidates before a move up. We have seen a ton of coins popping off for moves. ATOM, LINK,...
I am still flat on my trading account for BTC. If we break down here, a move down to the $10,000 area seems likely. RSI is weakening quite a bit. I won't go long again until we start moving up to the upper edge of this flag. It is almost worth a short here... hmm...
If we look at the past RSI divergences and see how they played out. I would contend that from this point we are at now from a TECHNICAL perspective, there is ZERO reason to be long the Nasdaq or tech right now. We can see that every time these divergences formed we had a substantial pullback.
Take a look at that purple divergence and then the light blue...
If this continuation pattern invalidates, we have a high chance we pull back to the next support zone. While we could see a longer ascending triangle form or channel for a continuation move form. I don't know if that's a risk to take at the present moment.
It appears we are in a massive ascending triangle and are about to bust up higher. pull backs have been bought up and we have been going higher.
A break to the upside would most likely push ETHUSD to $500 or just under.
While ETHE follows Ethereum, it also has it's own unique patterns and looks like more downside from shares that have been issued. From the looks of this pattern a break of this $75 level would lead us down to a $30 buy. Those who follow me on twitter know i bought this at $100 and got out at $110 area. This chart is why. With Ethereum due for a pullback as we are...
Ethereum has been showing a LOT of strength. It's definitely getting into overextended territory in the short term, but long term it has a ways to push up. If we look at the key resistance points in the past we can see that this $400 level was really critical and acted as support AND resistance multiple times. While it's still a little too early to tell if we will...
If you zoom out on BTC this could be the chart pattern of what could be a MASSIVE move. Check it, left shoulder, head, right shoulder. Everything is setting up perfectly for this right now.
We have it going up into a massive downward purple trend line, with little pull back.
We have MACD slowly sloping up and moving higher.
We have RSI that has not dipped and...
BCH might be worth taking a flyer on. I think this coin is trash. However, Grayscale is submitting to get them on the OTC market like there BTC and ETH product. This could easily add some buying pressure and drive the price up dramatically if all of crypto moves up. Small position to risk a massive move.
Nothing even technical about this buy as an FYI. Pure dice...
Ether continues to march upwards and IMO is in the making of a much larger move to the upside. BTC is also setting up for this and I will post about that shortly. If you have been sitting on the sidelines it's time to start using caution and entering the markets with appropriate risk and know what the downside is.
ETH has just broken through the last upside...
XLM has had a solid break to the upside. You can see it broke it's long term resistance and also has a lot of long term market structure that it has been forming around. This set up could push XLM up to .20 if not higher.
Tezos' has a very similar structure to LINK right now before it busted up. We can also see that it has surpassed the previous high and is steadily moving up and has yet to pullback or have this be a fake out.
Buying here. If it does something similar to LINK, we will see $5 which is our target.
It's been a while since I have posted on LINK and with all the activity I want to give my two cents. First, Link was forming a nice ascending triangle some time ago and I was sitting starring at it thinking, man that looks like it's going to bust up to my original $10 LINK target(see some of my past ideas on that). Sure enough, we are almost there.