TA_Crypto

TA_Crypto

Bch could still make a possible 5th wave. Since the 3rd wave was a strong wave, it is likely to be followed with a 5th wave. Following the rules of EW, The 4rd and first wave can't overlap. So the stop-loss here is clear as is the target (around the top of the 3rd wave). Breaking the orange correction trend would be the first indicator that a fifth wave could...

TA_Crypto

The correction has reached a strong support zone, with the psychological 500 dollar barrier close to it. Eth has formed a falling wedge, with a 1st target arround 600 dollar. Here it is important to watch bitcoin, as all coins follow the same direction. Looing at EW bitcoin should now be in its 5th wave of its C wave, though that is not very clear. A break out of...

TA_Crypto

Waves is very close to its original trendline, Making this a simple trade. The opportunity here could be to buy as close as possible to the trend line. A break of this trend would mean a stop-loss. The chance of bouncing back up on the trend seems larger. A lot depends on bitcoin, as bitcoin is now also very close to the bottom of the pennant. If bitcoin would...

TA_Crypto

Litecoin is now on a very strong support line. The correcton of litecoin has formed a falling wedge, with a target around 150 dollars. Though we are in a downtrend, this large support gives us an opportunity. Know that this large support is still possible to become a large resistance. A stop-loss for me would be a strong break under 106 dollar, since, this would...

TA_Crypto

When looking at the bigger picture, we can see that bitcoin has formed a pennant. A pennant is most likely to break out in the direction of the trend, wich is down at the moment. Still a breakout in the other direction is possible. The next opportunity to long is close, when we look at EW. We have had 5 waves up, now followed by a correction (ABC). Now btc is...

TA_Crypto

Ethereum has had a hard time, going down with nearly 75% from the top. 360 dollar may have been the bottom, if not a very strong support. Now for the first time, it succeeded in breaking its correction trend. This seems a bullish signal, as there was good volume when breaking out. The first target for eth now would be around 560-600 dollar

TA_Crypto

Wave 2 has been a heavy correction, as wave c has reached the extention of wave a. Now the 5 waves of the c waves seem to have passed, a new impulse wave up can be expected. The first indicator would be a breakout with volume out of the correction trend (purple). Also the 8.2k level needs to be broken. After this we still need to face the heavy 9k resistance where...

TA_Crypto

Btc has formed an ascending wegde, so a small correction could be next. We have reached a large resistance around 9k and we could see a pull-back before breaking it. The bigger picture looks bullish, because this could be the first wave of next impulse waves. This wedge could start the second wave, that shouldn't go below 8k.

TA_Crypto

The abc correction of LTC seems to be over, since we have had the 3 waves and the c wave has bounced on the 161.8% extention of the a wave. More important is that btc is also showing signs of reversal and so making it possible for ltc to move up. Btc has broken out of a falling wedge, with the first target around 9k.

TA_Crypto

There are 2 possible wave counts at the moment. This is the first option, we just had the c wave, so the correction is over. This based on the fact that this c wave is an extention of the a wave. Meaning that we will see new impulse waves to the upside. The target for the first wave should be around 9.7k The second option is that we are in the a wave of the...

TA_Crypto Updated 

In the previous idea, i talked about a possible reversal at 160 dollars (the end of the c wave). LTC looks bullish due to the fact that we have ended a abc correction and a new cycle could start. Right now we are in a ascending triangle, with a breakout we should break 200 dollar and reach around 216. The only possible problem here is that every coin is still...

TA_Crypto

In my previous post, I talked about the fact that we are in wave c and that 160 dollar was a target for this corrective wave. This wave has touched 160 dollar, making wave c as long as wave a, making it a target of this corrective wave. The best position to long is after an abc correction, since a new 1-5 impulse wave is possible. Know that it is to soon to speak...

TA_Crypto

LTC has done a good run since the large correction. As 5 waves were made, we are now in the abc correction. As we speak we are in the c wave of that correction. The b wave was a pennant that broke out into wave c. As a rule of thumb, the breakout will be as large as the pole of the pennant (here we take the pennant made by the correction waves), making around 160...

TA_Crypto

As described in my 2 previous posts, the target for the 5 waves is between 12k and 13k. The target hasn't changed, though now we face the possibility of a double top. The move btc is making now is still bullish as long as we don't break the trendline. A break out above the 11.8k level would mean that 12.4k should be reached. Then we arrive in a possible short...

TA_Crypto Updated 

When looking at the wave count of btc, there are 2 main possibilities. 1. This wave now is the 4th wave, making around 12K - 13K the target for the fifth wave. 2. We have passed the 5th wave already and are now correcting. If we close under the 9k, the first possibility is no longer valid, as the 4th wave and the 1st wave cannot overlap. If we stay above 9k and we...

TA_Crypto

In my previous post, I was talking about how a breakout out of the falling wedge and staying above 9k could lead to the tp around 12K-13K. Because we have stayed above 9k and broken the wedge, starting a new rally, we can assume that this is the fifth wave. Now we seem to have had the first 2 waves of the fifth wave. Together they formed a pennant that has broken...

TA_Crypto

LTC seems to be trying a second breakout, making around 250 dollar the target. LTC has gotten out of its correction trend while btc and eth are stil in them. This is a bullish sign, though we have to keep an eye on btc, as a strong drop will affect ltc and possibly hold it back from breaking out. The tp for this trade should be around 250 dollar

TA_Crypto Updated 

Since the big correction to 6k we have had a bull run of almost 100%. There have been 5 waves, so now we can expect a correction (ABC) with a target around 9k. Since we went up this fast, i expect this correction to reach the 9k levels rather than bouncing on the 10k. The confirmation for this correction would be a break of the current trend (orange).