dacto

dacto Updated 

Hey everyone, some of my friends asked me if I have any bullish scenarios... Most of you know me as a bear, however I also consider the bull cases. The scenario above is for me the worst scenario that can be. This scenario expands the bear cycle and moves us far away from the crazy bull run all of us are expecting. Here we see an ABC simple correction which ended...

dacto Updated 

A pull back is possible. But we can just directly fall too...

dacto Updated 

Litecoin led the way to the market and now still going lower. It is really likely to see the 40 usd levels. Before going lower we can have a bounce which is not necessary but likely...

dacto Updated 

The charts are unfortunately showing us the way to 6k s... You all know me being a bear for a long time. Yes I am still a bear until 2600 USD however I will be checking the price actions at 6k s and decide if 2600 is still on the table or not. I am hoping to have a bullish year in 2020 Take care you all, I will be updating you guys

dacto Updated 

I know that most of you will think that this chart is called BULL but still it has the most BEARish attitude. Here I want to explain why I think a retracement to 4k is really likely before the crazy bull run. I see that all the bull analysts agree in the 7-8K retracement level. Considering that Bitcoin hates doing what is expected, I think a much deeper...

dacto Updated 

Considering this move as an impulse 12345 we can start the bull season and after the retracement we are about to finish we will be going to the moon. I am expecting a correction at least to 110-130 usd before this bull to continue though...

dacto Updated 

Even though bitcoin has tripled its price and some of the altcoins like litecoin and eos did the same, we cannot see that in most of the altcoins. Please check XRP, ZRX etc. There is something really weird with this rise. Generally altcoins should be following bitcoin rise but here we cannot see that clearly. Comparing the 2018 prices, when bitcoin was at 10k...

dacto Updated 

Considering the rise as a WXY correction we can expect a little crash to sub 100s. Will be publishing the other scenarios as well.

dacto Updated 

EOS is one of the most volatile altcoins. High risk high reward. 3.35 is a really important support zone. Breaking 3.35 will invalidate the impulse wave and will take us to 2.5 usd. I am %70 bear, %30 bull about EOS. I am scared to short any coins right now so I will be longing from the bottom. Scenario 1 Long from 2.5 - 2.2 Stop loss 1.99 usd Scenario 2...

dacto Updated 

A break above 13200 invalidates the scenario on the left A break below 9100 invalidates the scenario on the right Good trades!

dacto Updated 

Considering the huge cycles bitcoin have been doing, we can suggest that Bitcoin has either entered the last 5th bull market wave or about to finish the 4th and the most boring correction wave. When we draw the fibonnacci retracement from the start of the 3rd wave we can see that bitcoin has hit the .38 level back in december 2018. However it is really likely to...

dacto Updated 

This is the likely retracement if we have finished the 4th huge wave and started the 5th one. Lets wait to hit the 21 weekly moving average and then decide what will happen... Both scenarios are really likely considering the technical view. Halving effect can pump this scenario however I am a little more bearish still...

dacto Updated 

Bitcoin decided to expand the correction period. Before hitting lows it seems like we will be bouncing up and down for a while. The descending triangle looks exactly the same as the 2018 bear season

dacto Updated 

LTC will try to break the 77-83 level. I do not find it likely to break. LTC investors are done with LTC after the halving and looking at other altcoins.

dacto Updated 

Hello everyone Litecoin has been showing us the way for the last couple of months. You can check that litecoin moves before bitcoin does. 62.2 USD was a really important level for litecoin. Breaking below that level will invalidate the impulsive move and show us that more down movement is waiting for us. Even though bitcoin shows strength and did not move below...

dacto Updated 

BTC s 6 hour chart of the descending triangle is just looking like the short term XRP chart. HOWEVER! to confirm this chart we need a hit to 9400 level. 9400 level is really important for BTC to confirm the descending triangle. IF WE DO not bounce or hit that level the triangle can turn symmetrical which is kinda bullish. Lets wait and see how it bounces

dacto Updated 

Another drop is coming. Risky short trade Ladder shorts till 78. Stop at 80.5

dacto Updated 

Ethereum seems to be showing more strength corresponding to LTC and BTC . It seems like it has broken the falling wedge and heading to 214. Before going to those levels ETH can test 180 USD.