large sell walls on exchanges at $320-$321 level and a head and shoulder pattern forming on a 30 minute chart. Could be a drop coming. I added fibonacci retrace levels to emphasize. If this drop occurs, we could hit $309-$310 level, or as low as $305, but I can only imagine a drop to $289 if bitcoin also has a major drop as Monero tends to follow BTC. Another...
Looks like it could be an elliot wave pattern upward through the fib levels. I am hodlng for now.
On this day chart, it shows the potential for a repeat of the last major pump that started in April 2017. We can see a volume increase and price rise at a higher rate than the last pump. I personally really like this coin as I feel it's one of the more useful coins and, if adopted by more people, could literally save humanity. You earn coins by contributing your...
Despite all the FUD, I see the end of an Elliot Correction pattern (ABC) and the first 2 waves of an Elliot Impulse pattern (12345). This could be the first chart I get wrong, so please do your own research. But thus far I have been using support & resistance trends combined with fibonnacci retracement and trend-based extension tools to make decent trades. You...
If it breaks trhough the 16302 fib level after the breakout, it could be great for the next couple of hours
The orange trend line was my target for the correction. Now that it has hit, I see a trend reversal with targets higher than $20,000 for January, possibly sooner if people are feelin the christmas cheer.
After a few days of a Bull triangle pattern, Bitcoin may finally break out. I'm looking at the yellow 6770 fibonacci level as the next resistance line, using the Trend Based Fibonacci Extension tool based on a low of 5150 from the BCH pump a few days ago. This is probably a good time to short an alt against BTC! Please follow me if you find this useful. I'm...
After every new ATH, there is a crash, so I'd expect it to go down to the next fib line at some point over the next few days.
I saw a few people saying we should get ready for a short, but this looks like a simple bull pennant. I'll wait until noon and get ready for shorting ETH again when BTC breaks out upwards to $6000.
A basic bear triangle has been forming the past day or so. Seems a big drop is about to occur, although potentially a push to or beyond the last highest Fibonacci level at 0.0636 or so before making the drop. I am also taking into account the fact that volumes have dropped considerably on the last sell off a few days ago, and now the OBV shows a very unexcited...