nLucic

nLucic Updated 

NVCN has seen a massive sell-off and dilution occur for a few months now with capitulation occurring in the past rally. We are in an obvious downtrend. However, it appears that we may have formed a bottom here at .10 as it would be foolish to sell at a loss at .10. Technical's show a pretty safe buy zone here for NVCN. MACD has remained crossed up. We have...

nLucic Updated 

Bitcoin was going through a low volume, fairly weak, rally that featured impulse buy after impulse buy, however in the end the bulls failed to complete the rally getting denied at the major downtrend line around $12K! Leaving all of us wondering if this was the biggest bull trap to date!! An upside down doji (gravestone doji) formed on the daily as the bulls...

nLucic Updated 

We are literally coming down to the wire with BTC on whether we rise or fall further. I am unsure which way to lean at this time. But, the answer could come out in the next 12-24 hours. Pros: Bulls are still fighting strong and attempting to break the $9.4K resistance. It is worrisome that we failed to break prior high in this uptrend, but the support is still...

nLucic

Looks like XRP went through a brief profit taking followed by some consolidation after an impulse Wave 1. Fundamentals are really strong for this coin as XRP is making big moves in the financial industry partnering with many big players around the world. Wave 2 seems to have formed a bottom with RSI, short term MACD, and other signals identifying an...

nLucic

BTC must hold $7500 support level to reverse. At this time we have entered into a downtrend channel as the support walls within the uptrend channel broke with a double top and lower high close on daily. Look at BTC to continue uptrend cycle with a break at $8400. Otherwise, be prepared for lower lows if it fails to hold at $7500 support. Thanks! Feel free to...

nLucic

Hey guys, so BTC confirmed a temporary uptrend cycle when it hit double bottom around $5900. At this time we are steadily moving up within the channel. A break around the downtrend high of around $9400 will confirm an overall uptrend cycle has begun. In addition, the daily MACD and RSI shows signs of a temporary reversal that may converge soon which would also...

nLucic

Hey guys, just an update it appears we hit a double bottom at the trend line between $5800-$6100. Double bottom generally indicates a reversal and it appears volume has picked up and an uptrend has begun. Be aware that the previous high was $9400 and a break above that would indicate we are out of the downtrend channel in the short term. If we break look for BTC...

nLucic

This is my first crack at triangles and wedges supported by trend lines so please do not take this chart too seriously. BTC 1.86% broke out on its initial descent through the first trend line symmetrical triangle in an uptrend that ended up coming to an end and signaling a massive downtrend reversal. As we can see we are clearly in a downtrend as we are...