WarDaddy

WarDaddy

Wait for bitcoin to come into this magic buy box and set up a long term long position over the upcoming weeks to months. The new bitcoin is consolidating with less volatility and begins to obey trend on longer time-frames as it continues consolidation and stabilization. Prepare for an impending reversal blast off. We are extremely oversold and likely approaching...

WarDaddy

Bitcoin gained +35% in the past 9 days, its best performance since early this February. At this point, most technical indicators have breached into overbought territories especially in the higher time-frames. Bitcoin may be just about out of rocket fuel for now. As a trader, I'm always looking out for conditions that can cause a change of trend ahead of time. To...

WarDaddy

Another critical level for Bitcoin as it is "trapped"! It remains yet to be seen whether #BTC will break out of it's shell for a midterm reversal or will bears bury it into the ground? We have all seen a lot of bull-bear battle going on with these insane spikey "pump-n-dump" and I also suspect there is a lot of manipulation underlying some of this in addition to...

WarDaddy

Here we can see Etherium (ETH) is resting upon some solid horizontal and Fibonacci support levels. It's oversold and showing bullish momentum divergence on larger timeframes. In the most recent past under under similar conditions ETH experienced gains of 66%, 430%, 73%, and 30%. This looks like a strong entry point for investors or positional traders. This...

WarDaddy

Mid and long-term predictions for BTC: unbiased. We can see the indecision in the market and is it no surprise it is non-trending. This is another critical decision point and the upcoming move will be fate-determining for the value of Bitcoin -0.31% in the coming months. On clear breakout up with good volume or breakdown critical resistance and support levels...

WarDaddy

See details on the graph. It is time for a retracement and possibly a lower-low to 5k range or lower.

WarDaddy Updated 

Ending wave 5 soon and even if it is superextended it's unlikely to breach the 11.6 k range prior to some retracemnent/correction. Some potential entry points are given based on Elliot and Fibonacci retracement and conservative target points are based mostly on Elliot wave and support levels. This is for educational purposes only and is no way to be used as...

WarDaddy

It is time for a major selloff soon for Bitcoin. All timeframes are grossly overbought and showing signs of bearish momentum divergence inbound. Regardless of the fundamental aspects causing any bitcoin increase of price I highly suspect the technicals and high selling pressures will move this correction downward just as it has in the past. You can also see it's...

WarDaddy

You can see SALT starting to breakout its downtrend falling wedge with good volume. Labeled are some tiered entry and exit points using Fib retracement/extensions. SALT is a real project with a solid team and an A+ track record. Huge plans this coming month and Q2. The future is looking bright for SALT. This news could skyrocket SALT which appears poised for a...

WarDaddy

You can see SALT starting to breakout its downtrend falling wedge with good volume. Labeled are some tiered entry and exit points using Fib retracement/extensions. SALT is a real project with a solid team and an A+ track record. Huge plans this coming month and Q2. The future is looking bright for SALT. This news could skyrocket SALT which appears poised for a...

WarDaddy

You can see LTC has nicely broken out of its descending wedge with nice volume. Here are some possible long-term projection targets for LTC in the coming months.

WarDaddy

As you can see, BTC has just finished a classic ABC correction move following a much larger 12345 Elliot impulse down in a bear trend. I expect some sideways consolidation and a nice battle between bulls and bears. It's hard to make a solid prediction up versus down at this time, but what is likely is whichever bias is chosen it's really going to take off...

WarDaddy

Here you can see a Long legged / dragonfly doji forming. This indecision signal could be the first sign of a potential short or long term bullish reversal. Keep an eye on this.

WarDaddy

For those wondering where the next support levels are during this correction see the yellow solid lines. Thicker lines for stronger support levels.

WarDaddy

This is probably too outrageous for most analysts to believe. But it's reasonable that BTC is forming a large scale Elliot wave pattern seen most clearly on the daily chart. Currently on correction wave 2, subwave 5, ready to start a nice powerful impulse wave 3.

WarDaddy

Harmonic trading combines combines geometric patterns and and Fibonacci numbers to help make predictions under the premise that history repeats itself. If this is a Bullish bat, it will likely complete such that point D will be a 0.886 retracement of the original XA wave, which is where I have it placed now. Theoretically, this is the best place to open a long...

WarDaddy

This analysis is a "Fib.-trifecta" combining a retracement, fan and spirals. I actually had to calculate the next Fib. level by hand. I don't think trading is usually this extreme, but hey, this is crypto! If we break current support, the next support level should be aound 7,200 with a likely range of 6850 - 7,540 per the Bitfinex pricing. If this happens, I...

WarDaddy Updated 

You can see the convergence of horizontal support, dynamic sloping support, downtrend channel support and Fibonacci support. All converge at a time of a grossly oversold market with relative strength index bullish momentum divergence which is future confirmed with market structure. Regardless of whether this is the "final bottom", this is a strong buy opportunity...