As promised in my previous chart (attached below), LINK shot straight up and will continue to do so. This is the best looking chart I've seen (next to Bitcoin) in the past few weeks, and it's just as easy to read. I'm now dismissing a possible channel, upgrading this to a bullish triangle entry. What you see here is the inner triangle (averaged). Once we get...
Formation has finally completed and is confirmed failed . Expect it to continue it's descend towards 8.5k-9.1k, sub 8k within 2-4 weeks. As many suggest a reverse above the wedge, I guarantee Bitcoin will not rebound. It will fall below the formation, then attempt to retake the formation (called 'partial ascend') and obviously fail . I have attached an...
The ultimate analyses are made on a linear chart combined with step-line. The bearish factors overshadow the bullish overwhelmingly now (9 to 1). I've removed unnecessary information to keep it as simple as possible for you to spot the issues. I've posted this once before (attached below), but now with the downward continuation I'm forced to confirm this. I know...
Adding this for comparison with the XRP/USD updates. (chart self-explanatory)
Ok so, mixed feelings about this. It seems as if I made this analysis right in the middle of the action. First off it's important to note that while the overall main formation (channel) is still positive – this one may not be. I have kept the chart in 'weekly' because the trade volume is low and the performance pretty volatile, which makes the 'daily' simply not...
So I've been working on this for a couple hours literally dissecting this to the smallest parts. I've crossed checked with major indicators multiple times, finally coming across the fact that the previous channel wasn't perfectly aligned (the connecting point was so difficult to find!). I have now paralleled it the way it was intended and discovered a couple...
(self-explanatory) connections made on the 5min chart
Chart is self explanatory. As an additional note, notice last two price downward surges did not broaden up the B-Bands (the second surge had a higher low). This usually indicates a short-term trend change. I expect a re-test around 10700's to 10800's and reversal. It would go hand in hand with my end of Sept/beginning of Oct drop to 8k analyses (clearly visible on...
By request I'm updating LINK/BTC today. I haven't checked back since the last analysis, but did find a few things that made me change my mind. This chart is on log and trend lines & connections have been averaged (line-chart) for higher precision. – parabolic trend line (1 to 2) has ended, thereby creating a new trend-line "top #1" (where either a channel, a...
The facts we know: – managed to remain inside the main channel – formed a solid weekly candle at the support parabola 'A' (must remain so until end of this week) – now in a 'neutral area' beneath parabola 'B' (medium resistance) and parabola 'C' (major resistance) – currently steady below the 20 and 50, but above the 200 moving averages Conclusion: Those playing...
Indeed very interesting performance of XBT in the past 48 hours. Things to look out for: – latest drop candle turned out positive, watch out for following daily-candles to assess direction – the inside formation does not conform to the outside formation, triangle vs. wedge (= crooked formation) – unfinished connections throughout the whole formation – possibility...
BTC could either bust below the triangle (A) as forecasted with the last post, or make a final run towards upper formation trend line (X), where it should fail to reach any resistances (B) but overshoot the B-Band and thereby slip below the triangle. Such a move should be preferred by Shorts as it creates high momentum.
(self-explanatory, zoom out to reveal more)
solid reds: connected using line-chart (inner, averaged) solid blacks: connected using monkey-bars (outer) dashed blues: support/resistance within the formation 2017-2018 formation: perfect 2018-2019 formation: crooked next: will make a run for the 0.33-0.34 resistances, then retrace to 0.30 (it's critical that you retrace those points with your own tools, always...
This should simplify the analysis for everyone. It's my first look at XMR/USD today (ever), and all I can say is that I give it a super-bullish sentiment (check out my other posts, I don't do this often). All technicals check out: BB, MA, RSI, MACD, PSAR, Candles and even Parabolas . Parabolas are great for revealing trend changes inside a trend flow ....
Stock will retest 315-318 levels before failing a current triangle's lower trend line, thereby confirming the next support line, which forms a descending closing wedge . Will reach 230's by end of this year or early 2020 latest. Other technicals have checked-out as well: Monthly Candle, BB, SMA, RSI, MACD, PSAR (B = bear area, N = neutral area)