Smoak

Smoak Updated 

I know this scenario seems implausible at the moment but I think we may see a move like this in the shorter term. Technicals are very bearish but I think we are range bound for the next days. In terms of my longer term view I remain very bearish but still believe that a move to 15k - 17k is certainly plausible.

Smoak Updated 

The symmetry that bitcoin has been showing is beautiful. It's easy to be short right now but I see a lot of mixed signals and would not be surprised to see this full cycle play out. I'm on the sidelines waiting to see how things play out before I take a position. Take a look at the symmetry on Monero if you doubt this scenario.

Smoak Updated 

These are all support lines that bitcoin has been bouncing around in. Even with these big drop I remain neutral for now. I felt like we should have gone lower the first go round but then hit the trendline and stopped. Somewhere around 3800 seems like a reasonable low. However, I am not shorting as this juncture. Bitcoin has to go up again before we go that...

Smoak

The similarities are striking. I'm keeping a much closer eye on ethereum. I thought it would drop lower but this pattern looks so much like the current one.

Smoak Updated 

It looks like ethereum should give us a bounce pretty shortly. Rsi on the 4 hour is just about as low as ethereum has ever been and adx is pretty much maxed out. Perhaps we see a little lower in the short term but this this is a good enough buy for me. Not necessarily a long term hold as I think we will see lower. Good luck to everyone.

Smoak

RSI on the 4 hour is almost as low as ethereum has ever been. Also ADX is about maxed out. Maybe we go a little bit lower but now seems like a good buy. I am just buying for this bounce to see how things play out. We could certainly go lower.

Smoak

Iconomi has taken a beating since hitting its peak in June of 2017 but looks like it may have found bottom and is trying really hard to get things going again. It tried to fire up in January but the bitcoin crash extinguished that run. Huge upside potential on this coin but be prepared to hold for awhile -- we are all pretty jumpy right now! I think bitcoin...

Smoak Updated 

I've noticed these crazy candles on many of the different trading pairs. Some people say the nalgorithms are hunting for stops. That may well be the case; however, what I've noticed is that after the appearance of one of these big guys the price almost always (but not always) goes the opposite direction of the candle and then breaks up or down and travels the...

Smoak

Bitcoin looks primed to break $12,000.00 really soon. Over the past week XMR's breakouts have occurred several hours prior to bitcoin -- looks like bitcoin will be on the up and up very shortly. Also, we are very close to breaking the neckline of the smaller inverse head and shoulder pattern. Things might get interesting tonight.

Smoak Updated 

All indications seem to suggest that the ship is about to sink once again and, in terms of percentage point drop, this time will be bigger than the last. Even though it hasn't felt like it, ADX shows our negative trend is still very much intact. The recoil from the last drop has neutralized it up to this point but I anticipate it is about to turn. A couple of...

Smoak Updated 

Things don't look very good for ethereum right now.

Smoak

This path seems to make sense. Bitcoin is praised for being decentralized but, in my opinion, it remains centralized with the miners being the true owners of the coins. To keep competition at bay the miners need to keep the bitcoin price slightly under the the mining costs. As they hold their coins, the price gradually rises until it eventually goes parabolic...

Smoak

Look back at this in 2019 and see what happened.

Smoak Updated 

We have seen its lowest point...If you are sitting on the fence and haven't bought yet the time to buy is now.

Smoak

Cup and handle pattern for ripple?

Smoak Updated 

After a nice little rally that began this morning BTC needed a break to blow off some steam. BTC looks primed to break the trendline this go round! Stoch RSI is at a very healthy level and we should see swing up starting shortly.

Smoak

A lot of people are worried about futures expiring but the chart tells otherwise. 4hr. stochastic and RSI were peaking last night as we approached resistance. Tonight we are just where we want to be. As the chart shows, I've circled where BTC was when she tested the downtrend and dropped. This time is a different scenario. Daily, 12 hr., 6 hr., 4 hr., & 2 hr....

Smoak

XMR has been stuck in a channel but Stoch looks good for XMR to finally break out of it and start to climb.