myceliium

myceliium

If you didn't catch the BITTREX:THCBTC -21.54% train before the massive rally this might be a good opportunity to catch a bounce which may lead to a retest of the previous high. THC 1.14% is currently oversold an has may be completing the initial correction from the original rally. It is uncertain where the price will be able to breach previous highs as there will...

myceliium Updated 

BITTREX:QTUMBTC 2.80% has been in a downtrend for quite some time but is primed for a trend reversal. On the larger timeframe, it becomes clear that the downtrend is becoming weaker and QTUM may have completed the last impulse wave in the trend. That combined with the moving average congestion and Bollinger Band compression would seem to suggest a strong move is...

myceliium

BITTREX:MTLBTC is looking very bullish at the moment after forming a cup and handle as well as a bull flag. It appears to be attempting a breakout at the moment after finding a local bottom. This may be a (2) wave reaching completion which would mean the next leg could see a large increase in volume and strong upward price movement.

myceliium Updated 

Looks like BITTREX:SAFEXBTC is gearing up to breakout from the rising wedge! This could be the potential lead up to a huge rally. If not already in position, best to wait for breakout confirmation and enter on pullback.

myceliium

BITTREX:PIVXBTC has been moving down to the tip of the symmetrical triangle it formed over the last two day. Technical look bullish and support for this alt is strong so it is likely to be a break upwards (many altcoins are currently in a similar position). I don't usually pay a lot of attention to PIVX but recent news + price spikes + this triangle caught my...

myceliium Updated 

BITTREX:CLOAKBTC is starting to look ready to rally once more. It seems to have found it bottom in the downtrend, unable to create a lower low, and is oversold at the moment. There is also congestion of multiple moving averages happening at the moment which suggest a strong move inbound. Since it appears that sellers are unable to break the support I think its...

myceliium

Its been a fun run with BITTREX:SNTBTC but the consolidation has been trying for some especially when other altcoins are suddenly rallying. It is unclear where SNT want to go as volume has been declining since the initial rally. Despite this, it is possible that that the real rally has just begun with the new of SNT joining the Enterprise Ethereum Alliance...

myceliium Updated 

BITTREX:QTUMBTC has reached a a new low and is a good position to make some upwards moves as it appears to be completing the 5th wave of the downward trend and is a good position for reversal. This is a good point for entry in a long term trade and considering the strength of the QTUM project, this should be an easy long term hold with 25%+ gains Entry: <12300-12500

myceliium

BITTREX:POWRBTC appears to be forming a possible triangle after a strong upward movement following a downtrend. Typically this means a break upwards is on the way but this is crypto and nothing is carved in stone. However, considering the positive news and media that continues to roll in for POWR, one can assume a trend reversal is on the way. Keep watch as the...

myceliium Updated 

BITTREX:LMCBTC appears ready to bounce off the 200MA on the 15min.

myceliium Updated 

BITTREX:ENGBTC is poised for a reversal at this price level. After massive selling it seems that the sellers are exhausted and buyers are ready to rally. Price is testing the upper Bollinger Band and WVF indicates a possible bottom here. The order book is light so this is a dangerous one (low liquidity, high volatility) but should be an interesting one to ride....

myceliium Updated 

SLSBTC is a hard one to catch but it looks ready for a possible break out. Price movement is currently bullish and it is nearing the end of a triangle after sharp spike (possible accumulation) . I'm long here ( <17000 ) with a tight SL. Let see how it goes...

myceliium Updated 

BITTREX:QTUMBTC Has made yet another new low but volume is picking up as price is gearing up for a recover bounce. Anytime price continues to create new lows in a market like crypto, I scoop 'em up. For the moment however, I am switching this trade from a long term to short/midterm trade.

myceliium Updated 

BITTREX:SAFEXBTC is experiencing some moving average congestion and about to make a move. The direction is not clear considering BTC's current rally but technicals suggest bullish. As long as price remains above the middle band and crosses above resistance at 115, SAFEX will have room to fly. In addition, it appear to have just completed the 5th wave major wave...

myceliium Updated 

Wrote most of my thoughts on the chart in a rush. Lets see how this pans out.

myceliium Updated 

Looks like NAV has reach support/bottom and may be gearing up for a upward move. It would seem that wave 5 of the downward trend has been completed. ENTRY: <9900 STOP: 9000 TP1:1200 TP2:1300 TARGET: 1400

myceliium Updated 

ADA has made an amazing run but is beginning to look bearish at the moment. A bearish ascending triangle is forming on the 15min chart and resistance has held the price down despite multiple attempts to breakout. This coupled with the bearish moving average cross could mean the time to exit ADA is here but with a crypto as promising as this one it will be wise to...

myceliium

Here's a possible trade setup for BITTREX:POTBTC . The other day some one mention trying to catch one of the POT rallies and it peaked my interest. POT looks to be in a triangle on the 1hr and has some decent volume at the moment. If the triangle break upwards this could be a good set up for a mid length trade. Possible entries and TP's are detailed on the chart....