nick.joelson

nick.joelson

Reddcoin caught my eye this morning. Put a quick chart together to map its its pathway. Strong profit potential ridding this coin up. Lets see what happens.

nick.joelson

Possible break out for BCH if it can find the volume to break out of the 76% fib resistance. RSI is moving into bullish zone. Possible 26% profits riding up to the 62.1% Fib line. Lets wait and see...

nick.joelson

Put together a quick chart looking at the ETC move we are seeing. Looks like its put in its first impulse wave up and will start a correction shortly. If thats the case, the fib retracement .618 takes it to the $22 mark so this marks a potential ladder in buy zone. The only caveat is if BTC tanks it will pull this and the rest of the alts with it so take care in...

nick.joelson

The impulse of yesterdays bottom did not appear that strong which makes me think that this correction is not over yet. After some careful wave counting, and assuming the correction is taking a standard zig zig correction, there appears to be one final wave down to be completed. Whilst this may sound depressing for anyone heavily invested and underwater right now,...

nick.joelson

Quantstamp QSP looks like its starting what could be the D wave of its ABCDE triangle correction.

nick.joelson

Looks like the descending triangle is still in play. Looking for a lower low which will make a nice bullish shape and could lead to a strong impulse up when complete. I still have laddered buys at the $8 - $9K range set from last week. Whether we can pierce the $10K mark buy that much remains to be seen. Either way, this consolidation is nearing an end...

nick.joelson Updated 

Just been watching this breakout since last night. Placed a small swing trade on it and will ride to the 0.0022 - 0.003 BTC range depending on how aggressive the impulse is. Should be a simple 50%- 75% profit trade. Will be keeping a close eye on BTC. If it tanks it stands a chance of killing off the alts.

nick.joelson

Bitcoins ABC correction is nearing its end. Bottom appears to be around $7-$8k mark. Happy laddering!