b_nelson

b_nelson Updated 

BTC looks to be setting up a wedge pattern that should either break out or break down by the beginning of January. The upper trend line traces from the high BTC saw in late June down through the lower highs of July and August and then the $10000 high we saw on 26 October. The lower trend line starts at the uptick before the rally at the beginning of April and...

b_nelson Updated 

The descending triangle pattern we've been assuming BTC to be in for much of the summer may actually be a falling wedge pattern. Since June, most analysts have been watching one of two patterns play out: either an asymmetrical triangle that hit gradually higher lows as the pattern played out, or a descending triangle that formed a bottom around 9500. Both...

b_nelson

Litecoin has been performing well since its 11.4% pump that hit on 7 September followed by another 17.3% pump a week later on 14 September. But things could be getting ready to change as LTC is forming a descending triangle with its bottom sitting at 73.00 which represents the 61.8% fib retracement from the 68.33-80.22 pump we saw from 14-18 September. This...

b_nelson Updated 

LINK is currently 2/3 of the way through to completing an ascending triangle which began at the 1.97 high on 19 September. The break out will happen within the next 15 hours and if it breaks up, the target will be in the 2.00-2.04 range while a break out down could test support at 1.72 level which represents the 61.8% retracement from the 1.56-1.97 range.

b_nelson

There is an ascending triangle forming on the XLM/USD 1 hour chart. If it can break through the resistance at 0.90 it may break out with an upside target of 0.11 but if the price drops the downside target is 0.065.

b_nelson Updated 

There is a fractal forming on the BTC 4hr chartthat is a repetition of a pattern that began at 12am (UTC-4) on 20 August and continued for approximately 20 bars. The same pattern began again on 27 August and has mirrored the original pattern for 16 bars so far and would seem to indicate that BTC should hit the 9937 USD target at 8am (UTC-4)