Short term thoughts. I supect we will drop down to the 10k levels.
The ABC correction is very difficult to count but I think after looking at it all day further correction would be more healthy. Expect this to start to take place imminently (20th February 2018)
Following that Elliott Wave theory and the logical resistance point looks to be 13k. That would be the...
I like Substratum and think the coin has a real world use case unlike a lot of alt coins. Net-neutrality is under attack more and more it seems and is being slowly chipped. SUB offers a solution.
I'm not making any moves into the market for SUB at the moment, I'm just keeping an eye on it. I'm hoping a cup and handle forms as it gives plenty of opportunity to...
It looks like the next 24 hours will see money flood into the market.
I'm looking to trade NEO. One thing I'm keeping an eye on is a false breakout.
When C corrects down to D the focus should be on the market not breaking
the bottom trend line with any sort of significance.
I'm bullish on LTC. They have Litepay coming out late February and Charlie Lee. Can't be bad! I added to my bag at $230 which is slightly annoying because I thought it was heading to the $200 from my analysis. I should have been more confident in my strategy I guess? On to Elliott waves, I have a bone of contention with my correction ABCDE retracement. The area...
Ok, that was pretty brutal!
I think the worst of the correction is over. Potentially looking for a fairly sharp run up to the yellow box highlighted in the graph that will test resistance before another drop to support to which a period of accumulation will take place. I personally will be looking to trade the move to $1200.
Will BTC/USD move into a continued bearish trend or break out? We could potentially find out soon. Anything below $12500 could see BTC/USD fall into the fear stage in a market cycle. If BTC/USD bounces of the bottom resistance line prior momentum would suggest it would retest the highest resistance line.