TenaciousJ

TenaciousJ

ADA is going to be starting trading on Korean exchange Coinrail on the 29th, which is only the 2nd exchange to host ADA trading. There is also anticipation of other news coming from the project in the next few days. We've seen a huge run up followed by consolidation and a nice cup and handle formation on the 1h chart, all bullish signs.

TenaciousJ

Looks like BTC is about to break the triangle equilibrium pattern to the upside, if it does, then the move is probably $500. There is a psychological resistance line at $8500 before hitting the $8740 price target for the move that could be tricky. The next resistance beyond that would be the longer term trend line at $9200. Waiting on confirmation of the break of...

TenaciousJ Updated 

Be careful of bitcoin as its reaching a point where it is most likely going to break outside its parabolic envelope to the downside entering a longer term downtrend of several months.

TenaciousJ

we're seeing another death cross of the 50MA downward over the 200MA indicating a bearish reversal in price movement this has played out the same repeatedly in recent bitcoin history as a solid indicator of a downward momentum shift

TenaciousJ

All this talk about BCash dethroning Bitcoin inspired me to plot the two next to one another for a little perspective. Let's not get too carried away with the idea that Bcash somehow poses a threat to Bitcoin's viability as a store of value.

TenaciousJ Updated 

If the current trendline holds, the setup count will hit 9 on Nov. 6th at 3am, which is a likely top before a brief correction. Current hard fork FOMO could keep the price high without a correction (or at least much of one) since most people will hold their coins until the fork

TenaciousJ Updated 

Bitcoin's current run up has exhausted a 9 count on the 2hr. chart, most likely scenario is a brief correction to the 50 period MA, then higher to test resistance again.

TenaciousJ Updated 

C&H pattern formed on 1h XMR chart at the end of a bull pennant, looks ready for a breakout to the upside.

TenaciousJ

Looking for a large move up in LTC shortly, C&H pattern retesting resistance on increasing volume and strength of momentum

TenaciousJ

We're seeing very similar patterns of price action today, 14 days from the 2X fork, as we saw 14 days before the bitcoin gold fork. Something to watch will be a potential repeat of the pattern which drove LTC from $50 to $70 in 2 days If BTC has a large correction from its current all time high of $6900-7000 because of the speed of growth which seems highly...

TenaciousJ

RSI overbought on 4h chart, fib resistance at .382 line, general downtrend in price action since launch, artificial pumps in price due to Bitmain requiring hardware to be purchased using BCH.