Linear chart showing bottom of bull trend (from February) meeting with top of bear trend (from December).
Price has been consolidating heavily in this key area.
Because we are at the bottom, volume has been good, and bear trend has been tested 4 times now, I believe we will break up.
Using this chart as guidance for where to go long if we break up, or go short...
Picking up some Ethereum Classic here (~280k sats) for a quick flip.
Target: 320k sats
Stop Loss: 258k sats.
With the snapshot coming for the Callisto fork (~3 days), people were expecting this to dump due to the very strong "sell the news" principle.
To kick off the last altseason in December, I called Zclassic which has gone on to do a 50x from my call price.
Vechain will not do a 50x at this point, but 2 - 10x is still feasible.
I like VeChain a lot because of the fundamentals alone. This coin is actually extremely ahead of most coins in regards to adoption, even ahead of Litecoin and Ethereum.
Short and long term outlook of Bitcoin:
Long term, I expect to reach top of channel and beyond.
Short-term, I expect a correction.
I like $9k as a support / launch pad, but we could go as low as $8k according to fractal / channel alone.
The .618 FIB line is an important line in general, but you can see it has been a big part of the price action this...
Don't worry guys, the world is not ending and Bitcoin is not going sub 1000.
Sincerely hope you didn't panic sell the bottom. If you did, keep in mind that moving slower is usually preferable to moving quickly.
This Inverse Head and Shoulders pattern seems like it could play out over the next day or so.
For those that don't know this is a bullish pattern that...
I was cleaning up my charts when I happened to notice a pattern on Bitcoin's price movement.
To top it off, the pattern coincides with certain lines in the Fibonnaci channel I charted for you all last week.
You'll see that the RSI lines up pretty well with the fractal as well.
In addition to that, my major resistance line has been convincingly broken (pink...
When did it become cool to be bearish?
I have remained bullish on Bitcoin (and altcoins) throughout these massive swings.
Though massive it is, we have a classic bull flag playing out (big run up, and then parallel channel travel straight, or downward)
I understand that these big swings are scary, but it's important to remain calm and look at the bigger...
Today marks a month since I called ZCL at 30k sats (currently 1000k sats)
Since my chart was deleted, I decided to copy/paste my rationale from the deleted chart.
I believe it gives decent insight on how to evaluate coins, and utilize market cycles. I also added Meta Comments to discuss conditions that have changed since my analysis.
I was a little off in my...
Binance coin allows you to invest in a top altcoin exchange with a bright future.
This coin (BNB) essentially grows in value as Binance gets more and more volume.
Which means that as crypto naturally continues to grow, Binance will continue to grow, meaning that BNB will continue to grow!
The chart shows a preliminary stage in this explosive growth.
Picking up some POWR during this dip. I like it here because we are close to the bottom of the channel.
Me and many of my followers originally entered at 6.5k (original chart deleted by TradingView), but I believe this is a new good opportunity to accumulate.
This is a mid to long hold for me. Short term upside looks decent as well. Although coin is currently at...
We are currently up about 100% from our original entry at 200k (original chart was deleted by TradingView).
I also realized I made a mistake in my original chart by stating there was only 450% to All time high.
I was working off of Bittrex, but did not realize Poloniex had more history of the coin, where it reached 4500k!
This is about 1100% up from where we are...
Notice how much cheap coins have been pumping? Doge from 20 sats to over 100 sats, XVG from 50 sats to 1000 sats, so on and so forth. Do I need to mention Ripple?
It appears our newcomers into crypto enjoy picking up these low cost coins (despite market cap being huge).
That means it has become worth it to accumulate these types of coins.
Reddcoin is only at 170...
This is could be anywhere from a short-long hold. It all depends on when the news comes out for coinxion (more on this below).
I really like the chart for this coin. The Fibonnaci channel seems to characterize the price movements very well. We're a little higher up in the channel than I would like to be, but with the way that the alt market has...
Stratis is another coin that I charted, but chart was removed by admins.
Our original entry there was 90k. We are now up about 50%, and I want to take some profit.
Never just jump in or out of a coin, no matter who is telling you to. Always do your own research and analysis.
That being said, if you've been following this coin, and you have some, I believe this...
This is a copy / paste of my original chart. You may have noticed that most of my charts are gone. Tradingview has decided to remove them because I included a link to my twitter account. So, uh, don't link your twitter account in your trading ideas kids.
Unfortunately I will not be able to get them back (goodbye reputation for calling a 4000% increase in...
Bitcoin has broken down from the rising wedge pattern, instead of breaking through a MAJOR resistance line. Feel free to scroll back on the chart to see where this (purple) resistance line comes from.
I'd like to explain how I use bitcoin price action to trade into alts. I like to use these resistances or breakdowns to jump a little into alts. This is because...
Bitcoin price is currently driving the altcoin market price. When Bitcoin goes up in price, the alt coins tend to go down. When Bitcoin begins to head down in price, the alt coins tend to gain more bounces. Right now, Bitcoin has hit a resistance line that I drew, and I think it will head down a little (to about $7000). Later, I will post a chart to...