purpurato59

purpurato59

The 420 top was clearly the head of this pattern which is on the brink to complete. If you are not convinced yet on this move, you still have some time to close your longs and be welcome to the bear side of the force. This will go at least to 300, but I wouldn't be surprised that we go to 250 or so. If you follow this move by the book, it should go down to 230.

purpurato59

ATR cycles are in line with ADX and they just show some piece of great information: it's time to do something else. Following this analysis, come back in mid-september when we will exit the boredom zone. Tip: don't forget to place a few limit orders... just in case

purpurato59

I just traced these cycles following the first two MACD tops shown and it falls quite close with the third one. I read somewhere that these cycles were better traced following the bottoms, but it follows a close relation. If we are really going down this path, we may re test the 220 past bottom and then we will go up again, with a next top beginning november.

purpurato59

There is an upward channel that's been forming ever since the big drop in january. The next step seems to be around 320 and a first correction could go down as low as 260.

purpurato59

This pennant seems to be close to definition. If we break above 288 I wouldn't be surprised we would go up to 300. Yesterday when we were close to the lower support, it bounced up, so it looks quite positive.

purpurato59

Head & shoulders pattern forming with an opportunity to place a nice short with an objective around 2,5. It should be resolving tomorrow or maybe in two days. Protection could be placed just before the 3 bareer. This limit will take some time to pass, but once we close a couple of sessions above that value, I believe we will keep up, but it won't be soon I guess.

purpurato59

Apparently ltc is not following the same downward trend as btc. This pennant should resolve in the following two days and presents a good opportunity for longs. I would place an objective around 2.

purpurato59

We seem to be close to complete a classical head & shoulders reversal pattern. If we break the neck line around 234, it is possible that we will keep all the way down and then possible short position with an objective around 222. This situation should resolve in the following 2 sessions (8 h)

purpurato59

We are going back to the the support line from the pre 2013 mega rally. As we already passed the great short of 2014 and reached bottom around 200, we are now headed to a steady rise, with opportunities for long positions placed at 230's. Following this steady rise, we won't be reaching the 300 mark before mid july, but if the previous run repeats, we will see...