bonesca

bonesca Updated 

NAV is ready to take off. First attempt was this afternoon but it was met with resistance from the 50 day EMA. Once that is broken, its go time. A month of waiting for this, but well worth it.

bonesca

Correcting itself and drawing back until it finds support on the RSI trendline seen in the 4 hour interval.

bonesca Updated 

Big question at the moment - Can it keep climbing? Not much history to rely on and the risk of a correction is present. However, with each day we obtain more information that could hint at what could come. I had been looking at shorter time intervals, but here looking at the 4H Interval and the RSI and MAC D appear to show a general trend up. The recent...

bonesca Updated 

Textbook Inverse H&S? All we need is some volume. Is that going to come tomorrow when the new exchange is announced? Or is everyone going to sell the news? Popcorn in hand, lets double up.

bonesca Updated 

RSI is about to tap 60 which will likely be resistance and BTC is about to hit the top of the most recent trend channel (yellow) which is also resistance. Just beyond the trend channel is the inverse head and shoulders neckline. So close, but so far. Just watching and waiting, can't move until a breakthrough is confirmed.

bonesca Updated 

My previous post yesterday was related to the smaller ascending wedge pattern that had a break out down causing the recommended stop loss at 0.00042500 to trigger. Since then I have been out and watching the RSI, as I indicated in my comment to the last post. On the 30 minute chart, the 60 and 50 RSI levels have acted as strong support during the recent runs. Now...

bonesca Updated 

Zoomed in on the 30 minute interval shows ENJBTC with a recent breakout into a symmetrical triangle (Orange). This would be a continuation pattern that is more likely to break up again rather than reverse and down. If you zoom out, you see ENJBTC is attempting to complete a the right shoulder of a rather lopsided inverse h&s pattern (Green) signifying a reversal...

bonesca

Usually working off the 1 day interval, but here the 1 week interval shows support at 40 RSI which has acted as support each run over the past two years. It is time? I think so. Originally made an April 18th estimate on March 19th, so been waiting patiently for a few weeks now. Lets hope BTC cooperates.

bonesca

Getting ready to jump in after seeing recent support on on the bottom of the original descending wedge pattern. RSI and MACD are trending up with higher lows, meanwhile price had been down/sideways. Time to go! Always helpful to look to the past, NANOBTC before 2/20 saw a much more obvious bullish divergence resulting in a glorious run. Likely won't see the same...

bonesca Updated 

ONT broke out a few days ago from a triangle pattern. The red line sets forth the breakout target based on the maximum height of the triangle pattern. ONT has already passed the target. Third turn-away from the top of the new rising wedge pattern. Watch out for a breakout down and keep a tight stop-loss. Thinking 0.00042000 right below the triangle pattern...

bonesca Updated 

An Inverse Head and Shoulders Pattern, with the head and right shoulder creating a symmetrical triangle. Breakout potential is worth monitoring.

bonesca Updated 

As expected NAVBTC has been consolidating underneath the 50, 100 and 200 EMA. We saw the 50 v 200 cross as expected following the long pattern established over the last year. The only problem now is BTCUSD is dragging down the entire market and taking NAVBTC with it. However, NAVBTC has stayed within the symmetrical triangle so my call still stands. Within the...

bonesca Updated 

Descending Triangle with a downwards breakout has a target that could fly past double bottom.

bonesca Updated 

Is the trend downwards officially over? Over the last two weeks we saw a inverse head and shoulders breakout of the down trend creating the first wave within what appears to be a bullish symmetrical triangle which would lead me to believe an additional breakout upwards to about .00001900-.00001950, a gain the same height of the first wave into the triangle. Plan...

bonesca Updated 

Navcoin has demonstrated a triangle pattern with a greater continuity of 50/200 MVA Cross. Navcoin recently pierced the bottom of the triangle but quickly receded back into the formation demonstrating the support at that level. I believe that was the bottom. Short term is likely to see some consolidation over the next week or two, possibly a few runs like in the...