carltonzone

carltonzone

It looks like we are close to another significant move on the BTC price line. As the stochastic looks to be peaked out again, will BTC find support on the upper boundary of the parallel trading channel, or will it plunge beneath and propagate towards the other end of the zone? In my video update, we look at both the bullish and bearish scenarios, along with my...

carltonzone

Okay folks, I have officially fallen asleep waiting for the big moon shot that all the big mouth YouTube Jockeys have been shooting their mouths out about for the past few weeks. But where is it? If you could just hear the big groan I let out each and every time another so-called "expert prediction" popped up on my YouTube feed, you'd know how I feel. Not to say...

carltonzone

There's plenty of things to talk about with this chart we are seeing, and we have a lot of conflicting signals in our faces. One thing is for sure, the price line is coiled up tightly and ready to pop. We'll discuss bullish and bearish scenarios, and where I lean. First off, you will notice a new fib circle set that I am unveiling for the first time. It's the...

carltonzone

When I first looked at this breakout on the 4-hour chart, my initial thought was, "WE ARE OFF TO THE RACES! LET THE BULLS RUN FREE!" That thought lasted about 1.5 seconds. Then I saw something that confirmed in my mind that BTC might take a massive dump. Here's why... The peak of the run, which was $9950, did not take out the previous high of about $10,000....

carltonzone

Very erratic movement on the BTC price line since my last published idea. I can honestly say I did not see this coming. After the dubious higher/lower-high at point 3, Bitcoin went on a mini tear that just about convinced me we had finally broken through the top of the forever-long parallel trading channel. Then it ended like a dud firework rocket at a 4th of July...

carltonzone

Quick post... After 3 declining tops, BTC has broken out above the top of the parallel trading channel. This could be significant, and could mark the beginning of a run. Can BTC stay above that parallel trading channel long enough to establish a new trend? It's possible. But do you notice that the second green candle wick topped out EXACTLY at the Light Blue...

carltonzone

Short post... or possibly not. We'll just see how motivated I get. But this is urgent! This current 4-hour peak is going to tell us the story on what will happen next with BTC. Will it break out and start on a new parabolic rip to the up-side and start the next bull market? Or will it top out, and then follow the possibly-impending stock market crash in a huge...

carltonzone

Okay folks, this is exciting! And it's too significant of a move to NOT report! As you can see, BTC just printed a candle that topped out EXACTLY on the top of the parallel trading channel. I did not think this scenario would play out, but in my last idea I talked about a possible massive pump to the top of the trading channel where the truth would finally be told...

carltonzone

Okay folks, I've been silent on our beloved XRP for quite some time, because there's not much to report since the side-banding action has been in play. But HERE WE ARE, right at the crossing of the Dark Green 4.618 magical fib circle boundary line. This is the bigger green set taking us from the previous significant peak on February 15th, 2020 extending through...

carltonzone

I've been waiting to talk about this, and did not want to let the cat out of the bag for fear that someone would make an impulsive move from my rag-tag technical analysis and possibly lose money. However, it's safe to talk about this now that we see the mini-pump that just took place. I'll break it down for you, and talk about the next ring of this new magical fib...

carltonzone

Pardon the humor in the title, but please take note that the wick on the 4-hour red candle currently being printed has touched down onto the light blue 4.236 fib circle ring that we KNOW has magical pivotal powers. We know from history that this means a pivot is highly possible. But which way will it go? It will DEFINITELY go up, or down! But seriously, at this...

carltonzone

I started on the 15-minute chart for XRP. Then I started zooming out... first the 30 minute, then 45, 60, 4-hour, and at last the 1-day chart. When I pulled up the one-day chart, I noticed that I had not extended the parallel trading channel limits for quite some time. So I extended the channel to include all of the recent week's action, and when I looked at the...

carltonzone

BTC formed a Doji candle on the 4-hour chart today. Is this an indication of a reversal in trend? Let's look at the overall chart and analyze the action. Combined with the positioning of the stochastic, there is a possibility of a reversal. This could continue now, or the price could pump back up towards the $9000 area before continuing the bearish trend. I've got...

carltonzone

RSR is officially on my radar. My crypto colleague expert Simon Gbologe has been telling me about this project for quite some time. I'm starting to see where it has real potential. It's available on HotBit right now, but apparently Coinbase is investing in this project. It's probably safe to assume Coinbase Pro will be carrying it soon. I'm already looking at the...

carltonzone

Just a quick update since I have not gone into depth about XRP in a long time... When we finish sticking to the Dark Green 1.618 line, it's gonna bail off to the down side. There's nothing above it to hold the current mini-run. Stochastic is overbought, and the fast line is poised and ready to overtake the slow line. If the price doesn't continue to stick to the...

carltonzone

I think we are days away from seeing another significant move on the BTC price line. We have been side banding long enough to call this a "break" from the violent drop, and the price line could be coiling up and ready for another big break. I think we have a 50/50 chance of a bullish or bearish break. Here's why... IF the artificial pumping of the US economy on...

carltonzone

Quick update! I have not had a chance to do a full report today, but I am taking pause from work just to report the most important development of the day, which is the fact that BTC is about to touch down at the bottom of the parallel trading channel. Looking at the 1-day chart, we've got what could be the biggest red candle that Bitcoin has ever printed. It looks...

carltonzone

This is just a short post. I changed the color of the Light Green fib circle set to Black just so you can see this clearly. BTC bottomed out and pivoted right on the 4.618 Black ring. That was remarkable. There's a good chance it will crawl up that line, and make its way to the 4.236 Dark Green where it could pivot to the down side again. If we don't see a pivot...