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Day: January 6, 2019

BITCOIN: Symmetrical Triangle broken by the upper side

January 6, 2019 Published by

As forecasted yesterday, we have obtained a breakage of the symmetrical triangle as soon as BTC has reached the APEX.

Now, we may see again two possibilities, as you can see we are always “Binary” and prioritizing still a Bearish trend in opposition to declare a reversal confirmed:

First and primary option, for me, the “Famous” 5-3-5 correction on play:

According to this assumption, we would be still attending the “building” of a plausible 5-3-5 Zig-Zag correction since the pattern is valid. So, in this case, BITCOIN may still reach a value slightly below the last high (see wave (V)) or 4237 USD

Bitcoin Technical Analysis: TESTING KEY RESISTANCE…AGAIN

January 6, 2019 Published by

Bitcoin broke up and out of the wedge it was consolidating in. It found resistance right inside the golden pocket (between the 0.618 and 0.65 fib) I’ve discussed in the past. While we’re seeing a small increase in volume, overall daily volume remains fairly weak.

Looking at the daily chart, price is bumping up against the upper Bollinger band. This, along with the golden pocket, is providing a strong area of resistance.
Bitcoin is now above the 50 Day MA on the daily chart. Let’s see if today’s candle can close above the 50 Day MA.

Longs have been stacking for the past

EVERYONE TO THE LONG SIDE OF THE BOAT!!! ?‍♀️ $BTC $ETH #crypto

January 6, 2019 Published by

Folks! We may have something here. Ethereum is leading the way and grinding higher (likely will cause a spike) and Bitcoin just broke above consolidation. After being Bearish for 12 months and minus -80+% target reached…it’s obvious I am an intermediate bull and calling for higher prices now. Come on over to the long side to 5800ish to start!

 

Snuffles Wisdom: Why the 200 Day Moving Monkey Actually DOES Matter…

January 6, 2019 Published by

I am going to easily depict why the 200 day moving average does actually matter converning price and time on the chart. The 200 day moving average i simply the average price of the past 200 day “Closing Prices” plotted on a chart to show an average. You can see this on the chart below as the red line on a daily basis.

Look at how the red line simply holds price above it when price is trending up and hold price below it when price is trending down. Some will call this VOODOO, but this is a very simple mathematical

LITECOIN: inverted HEAD and SHOULDERS

January 6, 2019 Published by

LITECOIN has just crossed the Neckline of the Inverted Head and Shoulder Pattern. If the Pattern Recognition Technique is confirmed we may see a 40% profit as target price (i.e: 51.3 USD).

As always, I am planning my “exit” points for target and Stop losses.

Let’s see if the increase in volume helps us to reach the goals here…

Enjoy!

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Crypto Contest January 6: Status Report XXIV

January 6, 2019 Published by

In this report I will look how my analysis worked for the month of November 2018. There were 30 contests in November. I have already paid out all of them. The analysis was correct five times. The analysis was wrong 13 times. The cryptocurrency was in a range 12 times.
The correct ones were the following:

Crypto Contest November 3: Bitcoin Cash
Crypto Contest November 17: MobileGo
Crypto Contest November 19: Factom
Crypto Contest November 25: Theta Token
Crypto Contest November 30: Endor Protocol

In these contests the range option won:

Crypto Contest November 6: Status Report XXII
Crypto Contest November 8: Basic Attention Token
Crypto Contest November 9: IoTeX
Crypto

BITCOIN – can the ascending triangle bottom hold ?

January 6, 2019 Published by

Doesn’t feel good on the 4hr chart as it consolidate on the possible ascending triangle. If it break the triangle bottom, likely to test 3680 again or even making lower lows than that.
News: (Current) | (Upcoming)
https://cointelegraph.com/news/circle-executed-24-billion-in-otc-trades-in-2018
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :141
Total marketcap :131
Dominance : 51
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Not So Fast Ari Wald & Byron Wien

January 6, 2019 Published by

The beginning of the a new year is a time for all (really anybody) Wall Street pundits to make their year end predictions. I have come across many articles over the last several days predicting where the S&P 500 will be and where oil will be and where gold will be and where interest rates will be by year end. Two predictions in particular that I came across were the following:

“We expect a bear market rally to develop over the coming weeks, and we expect a new bull market to develop over the coming months to quarters,” said Ari Wald,

$SPX Weekly Outlook: Neutral Bearish $IWM $QQQ

January 6, 2019 Published by

Well folks we continued the bounce into the first week of the new year. This is not surprising as you will see in the chart below we bounced right ON the 200 weekly Moving Average which is longggg term support. After being pressed down daily, and puking on Christmas Ever, SPX has bounced right back to resistance st 2535ish.
So i know what you want to know…Now What??

Well 2680 is going to be MONSTER tough to get through. Like I said last week, considering my 401k is long only, I bailed due to the risk that is down in the intermediate

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