This will serve as an unbiased third point of view using Parabolas , which have the power of revealing the natural pattern of any vectors inside a two dimensional graph ('trend flow' and 'trend change'). I've kept only the most important factors needed in order to eliminate distractions and reveal critical information. This set of parabolas (main, inner and...
Looks super bullish with no flaws. They'd have to report really bad numbers to bring this gem down. RSI, MACD, BB, MA, PSAR, all check out. Price target: $140+
This will serve you as a helpful tool to evaluate BTC's current formation based on it's areas of strength and weakness.
Also see the trajectory of the incoming 200sma on the weekly chart. You'll notice it comes in at (currently) an unbreakable angle.
Here's a completely different angle on XRP. This should clear things up for those still on the fence. Lines were connected (& support levels determined) using the line-chart (averaged) on the monthly and weekly for higher precision.
Imminent trend reversal (to low 7k's) due to failed attempt to reach upper Bollinger line on the monthly chart (with multiple tries!). Both variants theoretically could exit the triangle positively after the coming correction, but still face a few issues. Lines were connected using the line-chart (averaged) on the monthly and weekly, and directional arrows are to...
Not looking good. Make sure you got insurance against the downside, just in case you happen to be wrong. Looks like it'll make a run for 0.30 (imagine you need to break 0.44) but there are just too many heavy weight technicals pushing against it. Still hoping for you guys, but brace for negative trend starting second half of October 2019.
Absolutely stunning weekly formation on XBT, started with an 'inverted partial decline' (won't need "partial"-anything by formation completion/exit), points 1 thru 4 have been completed, 5th point to be set by end of this year, run for 20k by spring 2020. NOTE 1: The stock cannot break through the upper formation line at this moment. Check the monthly chart and...
Points A, B and C make it technically impossible for a breakout at D, thereby making a breakout at E inevitable (towards low 80's).
Gold currently sits inside a triangle with a 0° horizontal top (super bullish). Two interesting things to point out here: 1. The formation was entered (point 'A') with an inverted 'partial decline' (imagine the chart flipped around by 180°). This means that the formation can end without a "partial" anything... it can simply go from point 4 to point 5 and...
The area marked yellow technically prevents the stock from breaking out above the triangle. The distance between 'A' and 'B' is too short, and the rise from the current low to 'B' is too steep proportional to the first run from 2017 to 2018. While I wouldn't completely rule out a breakout above the triangle, it is highly unlikely! Instead, watch out for a descend...
I've been made aware by good guy @Ollie1234 about XRP on Log-Chart. While most log charts on XRP are incredibly motivated, and as much as I'd love to see XRP rocketing thru the ceiling to make everyone happy, there are a few points that need to be discussed: 1. When you look at the current formation XRP is in right now, you'll notice it literally sitting on the...
ETH will trail down towards the 110-115 area and be super-bullish from there. Zoom out to reveal more. Linear chart attached below.
I was NOT able to find anything negative on this chart! Everything screams 'up up up' – just not quite yet! By dipping below the 'intermediate trend line', and under the triangle (in red), you have a clear short term trend-reversal to the 100 mark (approx.). From there BUY as much as you like, the stock will probably never ever return to those levels :) Brace...
Chart is pretty self-explanatory... Will see 0.13600 in no time. Stay away from this.