lewistz

lewistz Updated 

BCH/USD pushing above range bound top of 642. Up to 667 and bounced a short term support level of 650ish. I think we are on are way up here. Probably missed optimal trade entry point at 645 or so. I would wait and see if we get another hit on 650 and bounce back up to go long. It looks good, just have to find the right level to get in and decide proper...

lewistz Updated 

So many calls for the 7-8k range being the top for BTC and a large correction coming imminently. Its very easy to read into the chart that we are very near completing Wave 5 in an Elliot Wave pattern, I myself see this clearly when I read the charts, it practically screams this out, its clear and perfect looking. I want to discuss the possibility that perhaps we...

lewistz

Litecoin continues on its tear upwards. On a previous trade I had stated the break through and sustained close through the 55.80 level was a bullish signal. The beautiful thing about being long LTC is we are also in a continued upward trend starting around sept 18th. So a bit safer to be long as we are not going against the ongoing trend, which is up. Short term...

lewistz Updated 

BTC head and shoulders formation. Signaling trend reversal. The moment is coming. As I stated in previous analysis in my view BTC will not full correct until we get through Segwit2x, the chart is playing nicely into this timing of Nov 15-16 start of correction. A week seems a long way away now though. Perhaps BTC slips sideways range bound until then or makes...

lewistz Updated 

Charted out an ABC correction in ETH/BTC from the Sep 21 high of .0858 , You can see the Fibonacci levels fit very well into this correction down to Nov 2 bottom of .0379 Fib level of .618 showed signifcant support until it broke October 8th. Fib .5 retracement lines up perfectly in this correction as well. Then finally we see the .236 support level lining up...

lewistz Updated 

I have been watching LTC the past few days as it has been knocking on the middle trend resistance of 55.80 area. Today is a clear breakout above that. As long as we see a close above 58.80 I believe we have started a new more aggresive uptrend. I see the top of the trend channel being 60.40. , if we close above that market even better. It makes sense this move can...

lewistz

ETH/USD level of 300 has been a massive resistance and support level for months. ETH/BTC just went upward through its resistance level of .043, we will see if it stays here...I have my doubts it can full shake the shackles of Segwit2x and the BTC market interest that has been vacuuming up alot of ALTs lately. ETH feels like a jack in box just about ready to pop,...

lewistz Updated 

I think the ability to be self critical about our opinions and viewpoints is key to making our decisions in trading and life better. As many TA's out there are saying I agree this market should be apexing, from all TA reasoning its over bought and is overdue a massive correction. I said I think we are peaking at 7,200 and that 7k wouldn't hold in a previous...

lewistz

I am charting 7200 as 1.618 Fibonacci extension from the top the 5th wave formation (6150). It has not been able to rally back above that line since the punch through overnight. It has tried and failed around 7190. There is not much support up here and it falls through 7000, I think will start to see at least a small correction of sorts. Possibly back down to top...

lewistz Updated 

LTC/USD holding very steady at big support level of 54.00. There is a pretty steady uptrend with LTC/USD as you can see and but we are right at the bottom of the channel support level of 54.00. Short term play I see it slipping some in next couple weeks as BTC pulls money out of Alts in anticipation of B2X 0.11% . Initiate short at 53.80 target 49.20 (.618 fib...

lewistz

I am still holding that a correction is near and we are in a Wave 5 extension of sorts. I think we are being held up by the invisible thread of the upcoming fork and people are holding tight until Fork occurs on Nov 18th. After this I believe normal market conditions can occur. We are literally in a vacuum of sorts with the market being held up with upcoming...

lewistz

I see our current situation in BTC/USD as extension of the 5th impulse wave. I believe we are going to see a correction to .5 fib retracement from 6184 high to about 5700. From there a possible move up to a new high within the wave channel trend of the extension to 6390, then a swift correction. I believe correction and final completion of 5th wave formation is...