See the idea above. We have perfectly predicted BTC movements. The pump up to 7500 and crash right after was especially predictable, simply based on the A wave. Wave C will complete as shown in the chart at around 4600, and its even more solidified for me...
Given the fact that the 50 % retracement at 9756 has already been broken decisively, we see a significant risk that the market will ultimately head for 4605 (76.4 %), which is the classical wave II target on higher scale and follows the completion of the so-called accumulation phase. This is supported by my previous idea in scenario 3 however I now believe this to...
As usual the chart is self explanatory.
Until now I have felt a double bottom at 6k was the most likely, but upon checking the chart today I feel scenario 3 is most likely. From my perspective it is VERY hard for BTC to close below 5k. Not only is this a strong technical level, but psychological too. I forsee the bankers, whales and their clients pushing prices...
Now you might say, jgj, isn't there a really bearish pinbar on the daily right now? Yes, there is, but given that we have:
1) A bullish pinbar on the monthly
2) A break of the downtrend (even if it didn't close above it)
3) An inverse head and shoulders on the 4 hr 0.22%
4) A potential subwave 3 (blue line) in play on the reversal
I believe we are bullish...
VEN is heavily overbought on the weekly and has a bear flag set up on the daily. Be careful of the bottom of the trendline areas, particularly if there is a "sell the news" event when the rebrand happens. That sell the news could trigger the price action to send it below the trendline to begin the second wave of the flag pattern....
This is the zone I marked here where I said to buy at 8870, but actually anywhere in the green zone with reversal signal. We have nice reversal signals in the zone now, but do not place market buys. If the price passes 9113 and closes above it, go long.
See chart see title
The first green box was drawn weeks ago as you'll see on my history, bounced out perfectly. I expect it to bounce again from the middle of the box but if not it'll go to the second level. If it DOES go to that second level, go all in.
Also watch at the lower trendline of the channel for reversals.
See chart, the green boxes are targets, if there are reversal signals in either box, buy. The bottom box in my opinion is the hard support, shouldn't go below there. There is a h&s in the 4h chart and a greater h&s on the daily.
Vechain have some news coming tomorrow, they've recently announce some big partnerships in China and also have a rebranding coming up. They've been hyping the news so it should be big.
Before the announcement, target is 166k satoshis, if the announcement is enough to keep it going up and avoid "sell the news", target is 200k.
This follows on from my previous idea. The price has hit on my wedge perfectly and doesn't seem to be able to close above it. Closing above the upper trend was my criteria for breaking the trend, currently that isn't occuring.
Look to the red lines on the chart to show my prediction for the next couple of weeks - as I mentioned on the weekly chart I'm expecting...
Already posted a longer term bullish chart on ETH, here's more confirmation. Clean bull pennant on the weekly.
This is dependent on ICO's and their dumping. EOS, Tezos and co are dumping large amounts of ETH and surpressing the price - once that starts letting up, this idea will play out quite easily.