ThePuma

ThePuma

Just some basic thoughts from me. Haven't published one of these in a very long time. I generally think we are basing out before having a stronger move upward. Timeline is pretty loose in my opinion. No real thoughts on how quickly this plays out.

ThePuma

When I look into my crystal ball, this is what I see. I believe we've started a fresh uptrend in an impulsive move that will lead to expansion above the previous all time high.

ThePuma

For now, I remain quite bullish. I don't think we should get blinded to the likelihood of a major retracement though. We have a large range since the 20k high and a well developed volume profile. It seems quite possible to me that the value area of the volume profile will remain quite relevant throughout the remainder of the year. In the grand scheme of things,...

ThePuma

I strongly favor a massively bullish move to the upside, but on high timeframes I expect it to simply offer another range play. After we complete this move, we'd be looking for another strong retracement downward.

ThePuma Updated 

I'm expecting to see major sideways in the next couple of weeks. If accurate, we should see a significant move up out of the range. Losing the low at 8100 would suggest that I'm wrong.

ThePuma

The dollar index is likely to head higher in the coming months. Because this is a monthly chart, we could definitely see some movement down on lower timeframes and still reach higher levels on the high timeframe chart. The Elliott Wave pivot indicator shows several flips of the lower degree marked by blue circles. This suggests to me a corrective move rather than...

ThePuma

No changes in my previous outlook. The Elliott Wave Pivot indicator shows a clear count to suggest that we are nearing a top and the bottom is not in.

ThePuma

XRP lower timeframes I see a few options, but the red route seems to be the most likely. I will be watching for a reaction around 16 cents to buy in to a bit of spot XRP. High Timeframe outlook linked.

ThePuma

A high timeframe analysis suggests continued bearishness after a bit more upside on lower timeframes. Lower timeframe chart to be published momentarily.

ThePuma

This chart looks quite similar to ETH but on a higher timeframe. Check out the linked ETH chart to see why. I don't believe the bottom is in but it could see a higher timeframe correction before continuation down.

ThePuma

Today I'm publishing several charts with a similar idea. Particularly focusing on levels to watch for these coins if they break down. If the bearish idea is invalidated, all of these charts will be invalidated. What is that invalidation? As long as 3D MACD stays red, I expect high timeframe bearishness to reign supreme. Daily MACD could flip positive and the idea...

ThePuma Updated 

It's looking like we still have more upside. Once people start calling for 'buy the pullback' then it's time to short through their supports.

ThePuma

High timeframe, I'm expecting alts to show continued weakness compared to BTC. They could see a final bounce first.

ThePuma Updated 

Today I'm publishing several charts with a similar idea. Particularly focusing on levels to watch for these coins if they break down. If the bearish idea is invalidated, all of these charts will be invalidated. What is that invalidation? As long as 3D MACD stays red, I expect high timeframe bearishness to reign supreme. Daily MACD could flip positive and the idea...

ThePuma Updated 

After further review of what happened yesterday and looking at the chart on ETH, I find it highly unlikely that the bottom is in. What we saw yesterday was likely a warm up. We have learned that liquidity is non-existent at these levels. That traders are over leveraged in long positions. Exchanges shut down and liquidations outweighed orders. I said yesterday...

ThePuma

I remain with a bearish bias, but there's not much reason to open a short right now at current levels. I continue to hold shorts from higher, especially as I continue to receive funding payments. I'm not really expecting any significant bounce to come personally. You can see in this image below that we are sitting on a few different areas of confluence that...

ThePuma

Unfortunately I believe that we will see a lot of price contraction through 2020. On a major scale, you can see that each swing Litecoin has had has been smaller. After the massive run up in 2017, it only makes sense for price to settle in a bit. We have a point of control around $56 that will likely be relevant in the coming year. I'm sorry that this is the...

ThePuma

In line with my previous shared ideas, I do believe that we are entering a stage of high level price contraction on Bitcoin. The first stage of it could be in the form of a quite drastic move to the downside. Time wise, it could be as quick as 30 days. If we see a MACD flip to red then that would confirm some variation of this chart for me. I mostly expect major...