alexcrypto

alexcrypto

$BTCUSD #bitcoin is conoslidating nicely in a symmetric triangle, volume reflecting so, a breakout downwards seem premature at this stage and a bounce off towards the upper trendline more likely before a more substantial direction. A correction to the high 8000 mark could be possible or a bull continuation towards 22,000. I will keep updating as the situation...

alexcrypto Updated 

Bitcoin had a healthy consolidation as expected from my longer term analysis (see link to related idea below). Bullish bias still in play with strong fundamentals. A symmetrical triangle pattern has developed and we are shortly due to a breakout. Indicators are neutral to slightly bullish so the real direction could be seen only at breakout time when confirmed...

alexcrypto

On the 6H chart we have a TK bear cross negation, last time it happened we rallied to + 237% to 20,000 A recovery to 20,000+ could happen soon or a further slide down to 11,000 dollars is possible (see my related long term idea below). We have hit support in the cloud. Indicators are all in oversold territory and MACD still bear a downside momentum so be...

alexcrypto Updated 

ETH has developed well and exceeded the initial target of +88% as per my previous analysis below. Indicators as follows: - Stoch RSI is showing oversold condition - CCI has bounced off the 0 line showing a strong bullish sign - MACD has a slight bearish momentum following the pullback of the previous days We still well above the T line on the cloud and we had a...

alexcrypto Updated 

As per previous price action, we bounced off once again from the 6H Kijun line. Indicators show oversold conditions, so a retrace to higher is probable, however the overall picture is a bit different this time than the previous 2 bounces (highlighted by the yellow circles) - RSI / CCI have both extended in the bearish territory - MACD shows that a sell off...

alexcrypto Updated 

BCH has reduced significantly trade volume and price has been severly depressed. This symbol has been consolidating in a triangle for about a month following the explosive rally. Bullish scenario There is potential for a total 175% gain, it is safer to take profit along the way at this retracements: - TP1 +90% - TP2 +108% - TP3 +175% A strong breakout with...

alexcrypto Updated 

The only way to make sense of Bitcoin price action even in the logaritmic scale a fibonacci fan could come handy. We broke the upper trend line when we passed 9,000 dollars in this parabolic momentum. The new support is what was the old upper trend line and more support is given by the fibonacci 0.75 line. We are in the direction to test the 0.618 line at...

alexcrypto Updated 

We start to see a formation of an Adam and Eve double top. It is quite early to clearly see this pattern but volume and indicators suggests the likelyhood of seeing this formation. The pattern will be confirmed when the neckline is broken at 12,750 dollars. All indicators have bearish divergences and pointing bearish. Bullish scenario If we fail to produce...

alexcrypto Updated 

IOTA had a sensational rally and is now consolidating in a simmetrical triangle pattern. Historically IOTA had a correlation to BTC price movements against USD. If it still hold true and Bitcoin starts a correction IOT/BTC will follow. Bullish Scenario If we break to the upside a top of +40% from the breakout could be possible. Take profit along the way in...

alexcrypto

BCH similarly to other altcoins has bottomed and volume started to flow in. If the bullish pennant plays out it can mark a start of a significant BCH rally has there is much more room on the upside (see my previous analysis) 1. PPO is following the bullish trendline 2. Ichimoku cloud shows that the price has entered the kumo with a bullish TK cross 3. RSI and...

alexcrypto

NEO has finally bounced off the bottom and indicators favour a bullish momentum developing. 1. PPO Bounced once again on the bullish trendline that intially showed the bullish divergence 2. Ichimoku cloud has crossed bullish and price has entered the kumo. A cross to the other edge is likely and it will signify important bullish cross on longer timeframes. 3. A...

alexcrypto Updated 

IOTA had an unprecedented bull run but seems like that after the last rally we might start a correction. We already pullback around 35%, and we are now resting on the Kijun on the 2H chart. Indicators are all pointing bearish and this could be a turning point. Bullish Scenario A descending wedge has formed and has bullish bias. If price breaks on the upside...

alexcrypto

ETC had a significant bull run lately then the price start to depress due to the raging rally of BTC. Likewise other alts we are resting at a very low support level and a big move is brewing. Bullish scenario The pattern could lead us to a 300% increase with several take profit points to minimize risk. Indicators have clear bullish divergence and showing...

alexcrypto

NEO price is resting on a strong support line at the moment with indecision shown on the latest day candle. BTC price rally has depressed several altcoins and most of them are resting on very low support lines waiting for major movements. Bullish scenario We have a potential of 300% upside with several Take profit points as indicated by the fibonacci...

alexcrypto

ENG has made a debut on Bittrex recently. The coin is searcing for pricing and has held well the BTC rally to 14,000 dollars. Based on price action for this young asset seems like there is quite a good potential at the breakout of the bottom trendline. Potential gains are in the order of 30 to 68%. A more conservative entry can be played at the top line as per...

alexcrypto Updated 

BTC USD has slowed its rally to new ATH and is consolidating nicely in the 11,000 area. Indicators show multiple divergences with bearish bias. Also a rising wedge pattern with bearish inversion tendencies has developed. We are now sitting at the bottom of the trendline forming the wedge and showing signs of topping. Bullish scenario Fundamentals, however,...

alexcrypto Updated 

After reaching previous targets of over 300% gains for my previous analysis. I believe long term IOTA has more potential for a price increase. At the moment, after the last rally a short term correction is in placeand will see price correcting a maximum of 21% before new high. We topped at previous heights and the Resistance line comes from previous heights in...

alexcrypto Updated 

MIOTA has seen a magnificent rally to this new heights. As predicted from my previous analysis. We had a nice pullback for profit taking hitting a resistance at 2.1 dollars. Looking at volumes seems like this is a flag of the initial pullback from ATH. Volume has been very weak to sustain this price increase and we had solid volumes on the way down,...