kingretep

kingretep

Every bounce this year is met with outcries about how this is THE dip we should buy before BTC enters it's next huge bull run with all time highs. Somehow I don't feel we've reached the bottom. Though this bounce has so far provided an increase of approximately 1k, yet again it's a softer bounce than the last. It certianly means we're getting closer to the bottom,...

kingretep

Let's have a look at this bitcoin analysis on the Coinbase 12hr chart. I normally review Bitfinex and Bithumb charts but find that Coinbase provides a good indication of retail trader activity and chart patterns often resolve more clearly. As we move towards the end of March, Bitcoin's volatility is clearly decreasing as the market charges up in anticipation of...

kingretep

4 minutes ago You'll know this breakout pattern well now. I'm trading with the belief that the markets can do anything at any time. I don't pretend to think I'm clever enough to know what will happen next. This point of view has actually improved my trading as any outcome is accepted, pre-considered and appreciated. If you believe that then where's your edge?...

kingretep Updated 

Neo's chart shows an uncanny repetition of a previous trading pattern. I've highlighted this in yellow with indicated the key points A1-F1 & A2-F2. This pattern enables us to forecast the next movement which I think will be a move towards the all time high. See the flag at E1 now being repeated at E2. I reckon this is is a good indicator for entry. It's possible...

kingretep Updated 

Whilst we've been waiting for BTC's next upside move, we've seen some incredible gains in alts. Whilst BTC likes to defy TA, I find there are usually a few indicators that provide a useful bases for predictions. Most importantly, via the Coinbase hourly BTCUSD chart we have confirmation of a break from the ascending triangle. 14 day RSI is moving into the...

kingretep

Monero looks set to hit $279 in the next week or two (max). This target is based on a Fib retracement drawn using the H1 (High 1) to L1 (Low 1) range. The spikes preceding S4 (S1-S3) have all indicated a higher high soon to come, each retracing back to a support level established on the way up to each new high. I predict S4 to fall back and consolidate at approx...

kingretep

Litecoin tends to consistently test an ascending support baseline with double bottoms. This W formation resolves in both upside and downside which makes it difficult to predict. The current position is poised to go either way. I'm long, but will be exiting this position if we don't see a breakout or early signs of a handle formation.

kingretep

Iota dipped nicely last week, to around 70 cents. A great buy opportunity which I meant to exploit but was too buy to find the time to buy in! Anyhow, I think Iota is set to grow further. The last time it broke out of a cup formation it doubled in price. I think it's still not a bad time to get in. I'm looking for it to establish a support at current levels and...

kingretep

I'm holding off on Dash right now after it's recent surge. Dash has seen 3 great triangle shapes where there has been a surge in price levels followed by a slow decline. On assessment I believe we're now at the top of the biggest triangle (C). Triangles A, B and C all demonstrate the same characteristics. Two clear higher high spikes, followed by a downtrend,...

kingretep

I'm fascinated by the battle between Bitcoin and Bitcoin Cash. I believe that in the medium term Bitcoin will lose a lot of capital to Bitcoin Cash as it grows and wider benefits of speed and cheaper transactions are realised. I expect in the short term, the continued growth of Bitcoin to break 10k and potentially reach 12k by 10th December, will hamper the speed...

kingretep

Ethereum's historical behaviour shows us some charting patterns that represent triangles that have a high volume of volatility relative to price. Once resolved these triangles break with a large upside move. In sequence the Ethereum pattern looks a bit like a kite flying in the wind with a tail showing all those little triangles before the next upside. Some of the...

kingretep Updated 

We've just seen a 5 day period of consolidation followed by a 48hr $1500 price hike in Bitcoin. More often than not, a prolonged period of consolidation resolves in a big upside move, and the greater probability is therefore that BTCUSD will continue to rise. I think we will hit some psychological resistance at the 10k level and am therefore looking for a good...

kingretep Updated 

Ethereum is reaching towards a return to the all time high of $400 which I expect will be reached in the next 2-3 days. This target will be met with a fair deal of resistance so I'll be looking to take profits before buying back in to a dip before the next leg up.

kingretep Updated 

With all the latest news I felt quite insecure about leaving funds in tether, so I was looking for a swing trade. It's been a strong week and whilst many coins have already increased significantly, I didn't want to buy at the top. I noticed OMG hasn't increased, but has had early signs of an uptrend continuation - I indicate this where the 50 day MA crosses over...

kingretep Updated 

Potential buy signal forming for lightcoin. If litecoin consolidates above trendline 3, there's a possibility of a break towards $82. We're looking for another consolidation at that level with a view to observing another rise to the previous (although very temporary) ATH around $90. Consolidation and a cup handle at $90 would indicate a potential breakout with...