ETH is looking bullish against BTC right now. Currently at around 0.061 and there might be some resistance at 0.063 BTC. Currently at 0.618 Fib right now. Testing this level. If you had followed me and swap into ETH earlier (after me mentioning 2-3 times), you should be up in satoshis now. Another good news is that ETH broke the resistance at $400 mark as well....
A descending triangle pattern is consolidation price pattern composed of lower swing highs pushed lower by an established downtrend line converging with a horizontal support made up of a series of swing lows located in roughly the same area. Descending triangles are a very popular chart pattern among traders because it clearly shows that the demand for an asset...
ETH/BTC just broke out of the consolidation and is now at 0.056 approximately. I think its time for ETH to start to recover in respect to BTC. Right now, similar to my previous stance, I think that ETH is oversold and its a good time to get some ETH between 0.050 - 0.055 BTC range.
As plotted previously, the Elliot waves was plotted on BTC/USD. An impulsive wave, which goes with the main trend, always shows five waves in its pattern (1,2,3,4,5). On a smaller scale, within each of the impulsive waves, five waves can again be found. (the one I plotted was on a smaller scale). I see another wave forming and potentially the next peak will be...
Did a TA on ETH/BTC. Ever since i told you guys to enter back into BTC, ETH has been going down so it was a good move. However, i do feel that ETH is pretty oversold right now and potentially, would be a good time to slowly return back into ETH. ETH/BTC is showing some sign of convergence and the support would be at 0.067 BTC as determined by the previous support...
Managed to plot an Elliot Waves on BTC current price trend. Elliot Waves consist of basic 5-wave impulse sequence (represented by 12345) and 3-wave corrective sequence (represented by ABC). BTC plunged down for awhile below $8,000 and is finally back up at $8,350. Hope the trends continue and I believe it will reach back high $8k region soon, assuming no negative...
Did a TA on Bitcoin/USD. Seems like it is consolidating around the low 9k region right now. Not only that, signs of an ascending triangle also in place. Key support still at $8,454 and key resistance still valid at $10,105. Right now, bitcoin seems to be the one dictating the moves for the other cryptos as well. Why? you might ask. Simply because the prices of...
Did a simple TA on BTC/USD. From the chart, we can see that BTC was consolidating around the $9,500 range and turned bullish with a big green candle and is now at $9,750. Previous resistance at $9,500 became the current support. Key support is approximately at $8,455 and key resistance is currently at $10,105. Hope you guys have been holding through the ups and...
Did a TA on $BTC/USD. Found a good entry at $9,150 that we might have just missed but if it drops to that level, probably a good entry. Price just broke EMA and is looking bullish in the upward trend channel as well. Like i said previously, the FUDs has been overreacted and Crypto prices should recover within next week or so. If you are in crypto for the long...
Looks like BTC is forming double tops at $11,714. Its currently in the shape of ascending triangle. An ascending triangle is a bullish chart pattern used in technical analysis consisting of a horizontal trend line at a level that it has historically prevented the price from heading higher and a second trend line that connects a series of increasing troughs. If it...
Did a TA on $BTC/USD using Elliot wave and still going forward, i think BTC will easily break $12,000 this month and potentially back to $15,000 in the longer run! Excited for the next bull run.
As requested by you premium members, did a TA on NEO/BTC. Looks like now is a good time to enter $NEO as its touching its key resistance. I expect a bounce back up soon. $NEO has quite a few things coming up including an exchange called Neonexchange (NEX). I think long run, $NEO will do well simply because of its community and its social media presence on top of...
ETH is at 0.075 BTC now. I believe a retracement is coming and will rebound at the 0.5 mark of fibonacci retracement. Not only that, we can see that the blue line on the MACD is turning upwards which means a crossover is coming soon (trend reversal). I believe we will see green candles soon on ETH/BTC as right now, ETH/BTC is very oversold in my opinion. I think...
VeChain ($VEN) got dumped from 60k sats to around 45k sats after the rebranding event. This is pretty normal because people buy the rumours/news and sell when the event happens. However, i think $VEN is finding support at around 45k sats based on TA and previous support point. But there seem to be alot of bagholders for $VEN and potentially it might go lower and...
Did a TA on $EOS against BTC and found a good entry at around 77k sats indicated by the yellow box. $EOS is a good long term hold because its a faster form of ethereum although the token will only be officially launched in June. However, there is also announcement that EOSfinex - a high-performance, decentralized exchange will be built on EOS.IO. Overall, good...
Did a TA on $NEO as requested by you premium members. It appears that $NEO is retracing after the big spike. A good entry point would be between $129-$133 (indicated by the yellow box). I think the bullish trend will still continue and on top of that, $NEO was given an A- in the weiss report (t.me) and i believe it will do well in the long run. Meanwhile, wait...
Did a TA on $BTC for you premium members. Looks like its gonna pick up soon and i still firmly believe that it will hit $12,000 in the month of march easily! I used the fib extension tool and project that it will hit the 0.5 mark at $12,133. Anyways a good support would be at $9,334 if BTC takes a hit (which i hope not).
Good entry point for Litecoin between $210-$216 (at the bottom of the trend channel and touching EMA). Its currently consolidating in a upward sloping trend channel and thats a bullish sign. I feel Litecoin will do well long term for sure because of their strong team and also their launch of LitePay recently. Not only that, there have been many discussions about...