This paints a target of 5k. Which has been a long term target for me since earlier in the year. While we hit the upper levels recently, I see us hitting 5k and probably breaking under it at some point during this bear trend.
Obviously this could easily be invalidated after such a large downward move, btc is being thrown around by big boys with deep wallets and...
Note the yawning maw not only of the realistic shark- but of the huge volume well between here and around 23c. If we break and do not bounce from the 34-36c level then my next target is 24 cents.
I am actually expecting a short term bounce before the shark eats ripple's lunch...
This is it boyz. Party is over, expect some noice bounces along the way. We're already pretty oversold at this juncture. After this bounce I think we hit 9k. Maybe 8. Regardless BTC *always* bounces with this kind of blood.
Worst case is that history repeats itself and we touch 8k 6-12 months from now.
Plan accordingly so you don't get rekt. Hope you all rook...
bounce off historical lows. 4 hour ichi looks happy, daily e2e, which I expect us to blast through.
we could rise 7-8x from here, remember when we hit 190? DOGE remembers. Ultimate target is 190. Conservative target marked above.
Just some basic comparison. We've had a stellar year of gains. I don't think a full bear market is coming, but I keep thinking this needs to cool off a while.
I've been wrong since $5k at least (see my linked idea), so take this with salt.
Just my two satoshis.
Been in since 50% lower, pretty much bought just after the bottom but long term still looks good.
Historically the past 5 times the RSI on the (daily) has been this high there has been a decent retracement, apart from where it was a toppy choppy mess, and it isn't currently ranging as such. This is where I plan to average in further. Combine this with hitting the...
We have a big (doubled) cloud that we are looking to pop into after this consolidation in ripple. It aligns roughly with a retrace up to the .5 .618 level.
RSI drifting up, we have long term support that appears to be strong. Come the end of Sept we will likely see a TK cross on the doubled cloud here.
Combine all that with the bottomy range we have experienced...
Since Fukushima uranium got itself rekt, because fear and terrible PR. But... world needs power, so far the most efficient method of providing this is to nuke it up. Fundamentally there is a reduction in supply of uranium or at least a slowing so currently I believe we are in oversupply, but many plants are being built world wide to be completed in the coming...
History does not repeat but it indeed can seem similar.
I think there are opportunities for the coming bounce, then re-adjustment to a potential many month bear, maybe even a year or two. Best case is volatility and sell off with consolidation, good resolution of the fork and maybe some extra juice. Expect more fun this coming August of course. But overall, this...
If i realised how bullish litecoin would end up I would have eaten it up when it was less than 6 eur... Hindsight.
Anyway, this chart demonstrates that there is potential upside and also potential for a brutal selloff that will eviscerate those who are not careful. Just scroll back to the first listing on Kraken.
Ichi is bullish on 4hour, daily and weekly. Stock...
Seems we have a decent channel established, some good support, Ichimoku is bullish (not visible). HA is bullish to neutral, could bounce around to 17k before popping up to a decent target of 26k. As they say 'the trend is your friend'. I'd trade this for a short term hold- days rather than weeks.
You can draw this fork around 3 different ways- this is the most...
Ichi on the 4 hour looks reasonable. HA is a buy, Stoch RSI turning up. Sort of triangle support going on.
Selling at the 50% fib and 0.618 if it gets there.
Tightish stop on this due to market volatility.
Ichimoku is leaning bullish, HA painting green candles on daily and 4hr with Stoch RSI turning up on the daily and moving up on the 4hr. Finally note the spike in volume on this tick up.
Possible edge to edge trade, but it seems like that might be a stretch, so will take profits as it rises. Will likely close out manually before the target is reached.
We broke through then up the 50% fib. Entered the 4h cloud, which is showing a tiny amount of strength. Stoch is heading lower it seems so perhaps more weakness ahead.
I like the R/R on 4hr, the daily is still technically bullish using Ichi. Weekly is a jagged mess that could be read in any number of ways.
Another factor is more bullish action in BTC could put...
I think after a spike like this you need to take a step back. This rally was pretty big.
Do I think sia is a good coin and has a future? I certainly do but a rally like this should probably pull back.
HA is red, oscillators are oversold.
I expect to hit the Kijun in the short term.
Technically the daily is bullish, but price is very far away from the T/K from the previous spike making it hard to read, possibly invalidating any read I make using Ichi.
The spike has also made the 4hr rather hard to read.
However the 15 and the 30 minute are leaning bullish with the 45 minute about to flip neutral/bullish according to Ichi.
Just looking at the past at what the ratio has done it seems clear that over the long term Silver could be a better bet than gold (if that is you would like more gold). There seems to be a rough 4/5 year cycle to the ratio.
It seems likely that between 55-60 by some point in 2018. Perhaps even as low as 48 by 2019.
The only way we will hit the 30s if we see...
As in my linked chart my reasoning is almost exactly the same as with the Devil's Metal. GLD/SLV both trade very similarly. But gold is a smoother ride, less volatile but also smaller gains.
Ichi setup looks neutral/bullish- Chikou about to poke above price, bullish T/K cross, quite a thick cloud which doesn't indicate anything other than the edge to edge to aim...