System791

System791 Updated 

In the past the 200MA has provided excellent entries for getting into BTC however will that be the case this time? Only time will really tell. A few observations are - BTC can spend a long time in this region before it takes off, ie 10 weeks in 2019. Quickest has been the V shape recovery for the Cov crash in 2020 with 2weeks. ...

System791 Updated 

After a huge rise, Holo has released some presure over the last 2 weeks. - Have seen price retrace back to the 0.618 fibs - Break down through all ema's (besides 200) on the 4 hour chart - Bearish divergance and also a smaller bullish divergance. What I am looking at now - Inverse Head and Shoulder's formed on the 4 hour chart - does it break above the red line...

System791

This is a very simple observational chart! Neo is super strong at the moment, which is what I like to see! A simple resistance/support line drawn in (looking left), it is important where today's daily candle closes. (have used a 3day candle chart to show last run more clearly) If it closes below the line, I would expect this to become a resistance, consolidation...

System791

Wink has retraced for the last 11days, after hitting an all time high on the 6th of April. If my triangle is correct it has done a fake out of the downward trend, re-entered into the triangle (right at the tip) and has made a second attempt. The next red candle not finished, looks to be a retest of that trend. It is above all emas, current price, hasn't dropped...

System791 Updated 

This pattern is almost perfectly symmetrical - it took 40 days to reach the top (140% rise) and now we are on day 79 for almost an 100% retracement (30% away from start of run). There are a mix of signals here: On the positive side we have A bullish divergence with RSI into an oversold position. Stoch & MACD looking ready to reverse A Support (dotted...

System791 Updated 

Quick share of a possible elliot wave count.

System791 Updated 

Still a new coin, started in September, so finding its base but not a lot of data. After the inital problems with wallet fails on the first day of staking, they appear to be on top of issues and running on time. Next item on the timeline is Vault Phase 3 - Stablecoin Issuance - 28th of Nov 2020 - No idea what this is, guessing they will be starting a new stable...

System791 Updated 

- Litecoin is at the all time low of the last two years. - Has been in a downward wedge for the last year. - under all moving averages on the daily. - Make no mistake It is weak. - Currently at a double bottom at 0.004041 and A wave - Could go a little lower to hit the bottom of the wedge and make a final C wave. - Expecting a bounce off the bottom of the...

System791 Updated 

Electroneum has a similar pattern forming that occured just before its last big push in May. (circled) - We have the rounded bottom. - Uptick in the 9 & 21ema (yellow & green lines) - Break of the large descending triangle. - Break of resistance. - Rsi upticking and now above 50. - Increase in volume. I'm expecting that we see a slight retracement below the...

System791 Updated 

Can we see a push up from here and how far? Lets face it, litecoin has been in a downtrend since April 2019. Last push up was Dec/Jan. On the weekly chart it is under all moving averages. It has formed a massive 392day downward wedge, which could indicate a strong reversal. (downward wedges are normally bullish but like anything can break down). We also...

System791

This is nearly a 2 year chart of NEO, just looking for some patterns. We have had 3 condolidation periods (10-20% range). 1st - 77days 2nd - 64days 3rd - is only at 42 days so far, may need longer to play out. Each consolidation has had a bit of a push at the end. 1st one approx 70% (real world - this push would have shaken out alot with that red candle...

System791 Updated 

Just an idea, however with Bitcoin Dominance so strong and most of the Alts dying a slow death. This is probably a little optimistic in the current climate, however these are just observations. Last downward wedge, price nearly made it back to the last high at 0.0183 we had a small bullish divergence just before the turn. Looks very similar to the current...

System791 Updated 

Quick idea - Using the fibonacci time zone tool and placing the first two points on the start of an upward wave and on the end of the low, we can see how perfectly the other vertical lines have lined up with other future moves. The number 13 vertical line is fast approaching, which may indicate the start of the next move. A great wait and see for a potential 8%+...

System791

In the last update we saw NEO finally had a change in trend direction, from what seemed the longest time, with a Higher High and Higher Low. It then broke down a little from the blue line before exploding though to make a new Higher High at 0.001647btc for a total of a 16% rise. Then a typical retrace of 0.5 on the fib, to then re-test the last higher high. It got...

System791 Updated 

NEO is looking interesting to me at the moment; a great looking chart. On the 4h chart we have a change in trend with a higher high proceeded by a higher low (bullish). Then followed by a double top with a divergence in rsi and lowering vol (bearish). At the time of this chart we could be making a perfect Larger Double Bottom (bullish). If it breaks the blue line...