Bull flag forming on the general uptrend. Entry point after bounce on up trend line (blue) and breakout up from the bull flag. Looking for a strong breakout signal (above average volume, strong RSI) indicating the up trend is resuming.
XZCBTC wave patterns and fib extensions to predict entry and exit points to trade the up trend. Enjoy!
A few days ago I suggested LTC is forming a long term head and shoulders pattern which would suggest a possible breakdown of price to historical lows. So far price action is still within this head and shoulders pattern. Given that LTC's main base is China, it will be interesting to see (given recent events!) if and when it will recover. I still think it will...
Cup and handle formation in the coming months as prices round off at the bottom and consolidate before breakout.
As western media continues to misinterpret news out of China regarding Initial Coin Offerings and crypto-exchange regulation, the price of BTC continues to drop. This is by no means a negative, as it offers an excellent opportunity for market entry to those that missed the boat on the previous bull rally. Currently BTCUSD has retraced to just below 50% of...
Head and shoulders pattern forming on LTC... next few weeks will be indicative of the overall trend. Right now there's very little to speculate. HODL and wait!
LTCBTC back in the pennant.... 1h chart looked like a breakout below, but quickly bounced back into the zone. Stairs up, elevators down....so true! Come on and recover already!
OMGBTC is trending upwards in a nicely defined channel. Currently forming a flag on the 1h chart indicating a bullish continuation of the major up trend. Potential buying opportunity now, or on a bounce off the bottom of the channel (for confirmation) for a short term trade with a 10 - 15% profit target between 0.00316 and 0.0032. Stop loss at previous support...
After the addition of the OmiseGo/Bitcoin pair on Poloniex a few hours ago, there was a big pump raising the price by more than 20%. Although premature, it looks like it may be consolidating into a pennant before a further climb to the blue box.
BITTREX:NEOBTC has been in a bearish channel since the China ICO ban announcement, and has yet to show any signs of a bullish comeback. The price has consistently dropped via a series of well defined pennants in a downward trend. The latest of which, formed over the last couple of days, suggests a further drop to support levels at 0.005. A break below the...
Ascending triangle patten in BITTREX:OMGBTC . Could see a 15-18% increase to continue the up trend.
Optimistic outlook on BITTREX:BCCBTC as it could form a beautiful cup and handle before entering the next rally back to ATH!
Looks like ETH is in a descending triangle (bearish continuation) pattern and getting squeezed on the daily chart. We could be looking at a 30% drop below current support to 100% retracement levels at 0.05 providing a great entry point for a long position. Wait for a clear bearish candle below support to confirm first move. I'm predicting a breakdown in the next...
Currently looking bearish on the daily with a divergent MACD and weak RSI. However, I believe the major trend line will hold as support. If price breaks the 61.8% retracement level we could be looking at an uptrend to 0.03 resistance with a potential profit of 40%. Patience wins here! Wait for a strong break of the 61.8% retracement level for entry.
BITTREX:LTCBTC is looking bullish with plenty of momentum to carry on to 100% retracement levels from last fall from ATH. I think we will see the ATH levels tested again at the 0.02 levels. I jumped in on the 50% retracement breakout. Aiming for a 30% profit target.
A rising trend line combined with very strong psychological resistance at $5000 and MACD divergence could be indicating the formation of a longer term ascending triangle pattern pointing to an eventual bearish reversal and possible retracement to $3400, $3000 and $2500 levels. Watch the next couple of days for a retest and bounce of $4900 - 5000 levels....