Bitcoin broke its 52 week high in june (green line) and is now consolidating.
For trenfollowing we can wait until price moves back above 11k to follow the trend for the next leg.
If price falls below 7200 (previous box low) it would be bearish. While we remain in the current box, we are just refueling to move higher.
zcash seems ready for its next leg. its trading around the ma200 which has started to rise again.
Chart looks like a perfect livermore accumulation cylinder. Expect the ma200 to break and then sharp rally to new high.
ETHEUR triggers the pocket pivotal point on weekly for the third time (teal bar).
The previous times this happens, eth drew a pennant on weekly and after making a new high it entered the real rally.
This could mean that we will need patience over the next weeks and can buy dips ones a pennant emerges.
Going to monitor this and update ones it becomes relevant.
The 3day chart for ethusd can help us to see the bigger picture.
Price has left the downtrend channel and established a base with resistance around 160$ which was broken and is now retested.
If the 160 level holds and forms a swing low we can be more confident and it should act as a launch pad. Otherwise it will look rekt again and should at least go to the red...
End of 2011 ltc was added to the btce exchange (symbol on tv: btce:ltcbtc ) . If we copy the chart fractal from ltc during its high inflation phase and overlay it over zec (with a minor stretch) we get the blue bars.
The ltc genesis block was created at 7 OCT 2011 and trading started 16 OCT 2011 aka "Instant trading on minor supply" like zcash.
The supply of ltc...
If we copy and mirror the fractal of the desc triangle breakdown which lead to a long squeeze and paste it to the asc triangle breakout which lead to a short squeeze we see that both large candles have the same size followed by higher high candle and then 3 consolidation candles in sideways range. The daily candles closed outside the bollinger bands. So until now...
XEMBTC is drawing a bullish divergence on weekly timeframe. This is one of my favorite setups in crypto.
There is still some overhead resistance weekly ma20, and trendline but once it breaks there should be fireworks. Planning to add on break.
NEM has been very rewarding for me in the past, see related idea ;D
Also check some fundamentals here:...
Tezos has a great chance to bottom at this level. Tezos has been moving sideways in the 0.35€ price level for a while which is similar to the ico price.
Over the next time the Tezos "Self-amending" vote and update process will be tested for the first time. It's also the first time a blockchain will update/amend itself in a fully automated process.
I have been accumulating this small german stock for a while as very long term play (5-10 years) in newspace. I believe that a new wave of innovation in space has just begun. There will be multiple new satellite constellations in low earth orbit over the next years. The most hyped network is Elon Musk's "Starlink" by SpaceX. Starlink alone will have at least 12000...
There is a bullish divergence forming on the btc daily and 3-day chart: The RSI has been holding up while price has been going down.
Drawing the rsi as price into the chart shows that bears have pushed the price 600$ below the expected price.
If there is a bullish momentum forming then this should be the minimum range for a rebound. If it turns out to be a trap...
It does not look good for germany and europe right now. The head and shoulders pattern is on the chart.
brexit, france protest, illegal immigration, iran sanctions, no solution for syria, ukraine conflict, deutsche bank in trouble, rising interest rates, far behind in new tech like ai, electric cars...
hard to find anything positive right now
I think that btc had formed a Adam and Eve Double Bottom and now drawing a handle. The breakout of the handle usually leads to a major move.
Unfortunately the handle has a head and shoulders shape which has a bearish bias.
On a Breakdown it might find support one range below.
If the neckline holds we can be bullish again with a target around 4700 to complete the...
I believe that this is the most likely scenario:
RSI broke out - price should follow.
2018-12-12 bakkt physically settled bitcoin future contract goes live
Retest of the bottom
Sideline money goes back in after higher high / higher low is painted
137k btc get distributed by mtgox bringing less pressure to price than expected
btc still counters central banks and...
OSTK is back at prehype prices, so buying it becomes way less risky. More downside is still possible but the risk reward is decent.
I see it as a bet on the success of security tokens (tokenized stocks). I have no doubt that securites will be settled on a blockchain in the next decade because it turns them into digital native assets.
Imagine you want to write a...