Wow, what a reaction to the China news. It's as if bitcoin is over. Shanghai SEZ releases a notice demanding BTCC close and now okc and huobi are rumoured to close too. Whatever fud is next, whichever doom candle is next - that is the last. Why? First of all, the TA supports it. We are on the C leg for a correction from 5k after wave V completed of larger wave...
We hit the C&H target of my previous chart (more or less) very close to 5k before retracing and then re-testing the top of the C&H pattern. It seems the test has succeeded in a bullish manner and we have bounced nicely. I suspect there are now 2 possible routes: (1) We had up to 5k and beyond for our grand finale. (2) We retrace upwards around 50% - near ATH...
"but that doesn't look like a cup at all :'(" Yeah whatever
As shown in my previous chart, LTC completed the c&h pattern as predicted. Unfortunately in my last chart I made a mistake with the c&h price (stupidly did not put the price range at the bottom of the handle...duh,) it hit the expected TP of a C&H breakout exactly and now we have some better fib levels to work with. TP is around $90 for this bull wave, but it...
I think that LTC is finally getting the love it's been missing for so long. It's underperformed even against BTC, and is well overdue for a pump. We just broke out of a potential c&h, and currently consolidating - assuming the pattern completes, it gives us a target price above the $70 mark. There are a lot of haters on LTC, dumping into pumps and shorting -...
Note: this is for the short term. According to my previous chart, you can see that I called for a distribution zone. I believe this is still in the cards, the activity above 4k lacks volition in my opinion, and I feel we will climb to new highs rather begrudgingly before finally correcting. I think we will go for the GS price target of 4.8k+, although this...
I think that we are still consolidating, there is some FUD being spread around by news sites by the uncertainty of the segwit 2 and its effect on upgrades (exchanges shutting down, retailers affected etc.) However most of this is invalid, as most services will only be down for a few days. Thus, I believe a 3 legged ABC correction will occur before a handle forms...
I wouldn't wait for the dip if I were you, we are maybe going to 4-5k. Even if we dip to 2500 this is excellent RR. Wave 5 has started mid-term of wave 3 longer-term (since 2013 bubble began.) Wave 5 is going to be one hell of a ride. We had an extreme move up the other day, and this was a seed for another move up - although it was some extreme fomo don't think...
Silver recently suffered a dump, which was made worse by positive job numbers and a bullish stock market, but I believe this panic is only temporary and silver will at least return to its long term trendline. On a lower timeframe chart you can see a large dump to the ~$14 level in a fat finger flash crash - it's possible it will fall to these levels again as...
CSCO created an ugly gap a short while ago due to an earnings report, however I feel investors overreacted so I placed buys down there. Volume at the bottom was excellent and we got a nice wick on daily. With volume increasing, I think that CSCO is now ready to move back up towards the sell zone, or to at least fill the gap. Fundamentally speaking, I think...
Recently bitcoin reached a new high, exhausted, and went through a correction phase. However, during this whole phase there has been a lot of indecisiveness - no one really knew what would happen, and there were a lot of bad guesses. However, I have a reason to believe the correction is now over and we are heading back up. This is my unorthodox sentiment...
I could be wrong, but.... BTW, we are hugging 1h 200 EMA support which is strong for now.
I used to be very bullish on bela, their mission had promise and I was looking forward to good momentum. Basically it's a tip-based instagram. Unfortunately when they finally released their site, it was full of bugs and problems - completely killing the momentum. However, I think that BELA will come back with a vengeance. The dev team has been working hard on a...
Everyone knows pirate ship pattern = moon
It recently reversed a long term downtrend and has shown signs of an uptrend. Not only does it have a triangle on 4h and 1d chart, but the volume is starting to (slowly) pick up after the last retracement. They also have a solid dev team and frequent news.
details in the chart. not sure if will actually happen as bulls are scared of alts affected by the ddos attack
ICN has a very strong long-term trend which has no sign of going, also there was no serious pump&dump during the bitcoin drop (probably because it's not on poloniex or bittrex.) I'm very excited for this one - it has great fundamentals (google it) and I'm assuming a big breakout is possible within the coming days, further pushed by the release of their...
With the BTC rise and polo crash we had a little speedbump, but it's still touching this curve nicely. Episode 4 will air tonight or tomorrow, will it go up or down? I'm long. Target price is still 4000-4500 sats.