SmokingHorsey

SmokingHorsey Updated 

After the first big parabolic move bitcoin hit an initial resistance at around 7550 and formed the sharped drop shown in the first red box. This was then followed by a move to the upside where resistance was quickly met at around 8250. A pennant then formed and the result was the second big parabolic move that we have recently experienced. In my opinion, it is...

SmokingHorsey

BAT shows promising potential as it has now pierced the the tip of the triangle. From here, a rally up to around 0.45 is expected. Once this target it hit, it is likely that a strong pullback towards around 0.37 will occur. Beyond this, BAT will explode higher up beyond 0.6. Summary: Start - 0.32 (buy) Target 1 - 0.45 (sell) Target 2 - 0.37 (buy) Target 3 - 0.6+

SmokingHorsey

This is a follow up to the update I posted an hour ago. As shown, there is a clear repeating pattern occurring with a break down from the purple triangles and a later break up from the blue triangles. Following the channel hold which occurred at 106, I expected either a retest of the channel at 107-108, followed by a breakout of the triangle and up towards the 125...

SmokingHorsey

As predicted in my last analysis, Zcash dropped down from the tight area it was in and found support at the bottom of the channel at the 105-107 area. From here Zcash may continue to bounce around inside the area between the bottom of the channel and the blue triangle before a break above the triangle, or it may simply break above the channel. As before, upon a...

SmokingHorsey

Zcash is shown to be in a clear uptrend channel (in black). Despite various movements below the channel and into the black dotted area, Zcash has continued to pull back up into and respect the channel. Currently, Zcash is caught in a tight area and may make a small break to the downside with potential support around 105-107 at the bottom of the channel. If support...