These emotional fractals are playing out as double tops. I think we need to remove all hope before we finally capitulate and bottom. Good Luck and stay safe.
BCH continues to impress with every swing, both up and down. It's my favorite coin to trade at the moment. I'm uber bullish on the future, but I do believe the major caps will dip down one more time to test their previous lows. For BCH, I'm looking at buying the 900-800 level, sometime in June. If we hold above the neckline (1400 area), this count would be...
Hidden Bearish Divergence and quite a convincing triangle on log scale playing out. It wouldn't surprise me if we nick down to 120 area once again before finally zooming up. Good Luck!
Bear Porn. It speaks for itself. Very possible at this point IMO. Follows the famous Market Cycle "cheat sheet". www.cheatsheet.com Be wary of Bull Traps, of which there will be many. Use stop losses always if you are buying dips. Good Luck!
I know everyone seems so happy about the inverted head and shoulders. You see people saying it's a "textbook" trade "bulls are in charge" and "buy now!" Well, I see a few problems here. First of all, we've essentially broken the major resistance line and guess what? No one showed up to buy after that happened. In fact, volume has dropped off. Weird huh?...
I think tonight marks the end of BCH and BTC correlation. Lots of good news next week should fuel this fire. I'm expecting BCH to go much higher while BTC continues it's sell off. Perhaps BCH will take the running torch from ETH. Good Luck and much profits to you!
My feeling is we are at the end of the "complacency" stage of the market and beginning to enter "anxiety". www.cheatsheet.com Watching this black trendline closely. A break of 12,200 or so confirms a bearish scenario. A break above 15.5k with strength would be very bullish. Trade carefully and watch for Bull Traps!
This may be far off and we keep going up. However, I'm not convinced by this bounce and I have my stops set in case the following scenario plays out over Christmas. It's possible that we can reach down to the main trendline, but I think buyers will come in before that. It's always good to keep some cash on the side in case it does keep dropping. Remember to...
Litecoin bearish pennant should get us a final panic sell to the 241 area on GDAX/COINBASE. This would also converge with the main trendline and the .618 fib. Placing bids in that area and keeping some cash ready in case it goes lower. ALWAYS BUY THE PANIC! Enjoy! :) K
BTC corrections are my absolute favorite time. The euphoria and panic of BTC trading makes it truly one of the greatest shows on earth! We are experiencing a typical 3-3-5 - aka "Flat" correction. ABC down (WAVE A), ABC up (WAVE B), and ABCDE down (WAVE C) Wave C is made of 5 smaller waves (small blue numbers), so count carefully and stagger entries after wave 4...
Typical ABC correction unfolding - don't be alarmed. We can see the extended trendlines as possible bounce points, but the most important count is for the current Wave C which should have ABCDE within it (EW rules). Count carefully and begin to ladder in when the D wave is finished. 10250 looks like a good target, but I will re-enter higher or lower depending on...
Larry Carlton (aka Mr. 335), has found his Jazzy smoothness into our ETH correction. The 3-3-5 is ABC (down) ABC (up) and finally, just to freak everyone out - ABCDE (way down) Target is confluent with the edge of the 30 minute cloud/beginning of the 1 hour cloud, the .681 fib, and a strong support level from our ascent. We're still super bullish, so getting to...
We have confirmed the uptrend and now the chart is making a clearer picture. Target 1 - $160 / Target 2- $200 Note the recent Volume increase and the Stoch RSI position. Best of luck!
Wouldn't surprise me if we get a classic head and shoulders before heading down for a bit. Target is near the .5 fib. Our recent trendline is there as well as the 6hr cloud (a BTC favorite for reversal). Placing bids between 6600 and 6500 to be safe. I'm quite sure after the fork we will have a blow off top to 10k or more. Enjoy!
I believe Litecoin is now in a new market cycle. We had a nice ABCDE correction and ending near the larger trendline. It's very helpful to also look at the LTC/BTC pairing as that chart clearly had $48.00 as a buy point. Target - $68 Good Luck!
We've been running for quite some time and now it seems we've hit the euphoric top of Wave 3 last night and need to take a breath. First target to buy will be at the .618 fib (near 4443) 2nd at the .718 fib (near 4059) Good Luck!
I believe BTC is bullish at this point and I've reentered on the last test of 4k. This wave 3 should see a top of around $4750 and then a return to test the bottom of the channel. People may freak out if we pull back sharply from $4750 and call it a "complacency" move, but I wouldn't worry unless we break the channel convincingly. We are heading past 5k IMO. Good luck!
Using Dian Kemala's "Trendline Web Pattern" technique, here's a possible buy zone if we are to pull back. I'm just experimenting with this idea, but I like the logic of it. K