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Tag: Cryptocurrencies

BITCOIN – limited upside

January 7, 2019 Published by

Looks like the ascending triangle bottom hold and bounce up + breakout kinda of unexpected as i mentioned i was more bearish in the last post. Despite the bounce and breakout, i m still bearish upside move is limited. Quickly came down to test support of 4000 and bounce up again. Possible consolidation between 4200 to 4000.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :141
Total marketcap :136
Dominance :51.7
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest January 7: Litecoin

January 7, 2019 Published by

Litecoin (Bittrex: LTCBTC) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Litecoin began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in February 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Litecoin should be heading next towards the February 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Litecoin is currently in the red wave three (blue sub-wave iii).

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!

 

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 :

BITCOIN: Symmetrical triangle

January 5, 2019 Published by

Again we are in front of a 50/50% pattern, the Symmetrical Triangular Pattern on which Highs are getting lower and Lows are getting Higher.

The options, as usual in this case, are sudden breakage of triangular pattern through one of the two trend-lines.

The most likely breakage used to occur in the same direction of the trend, since we are correcting from a previous higher point, I would expect a breakage downwards.

If this case is triggered, a fall to the 3300 USD may happen.

But, as I said, we have 50% chances as well on which the breakage may occur upwards. This option,

Crypto Contest January 5: Loom Network

January 5, 2019 Published by

Loom Network (Binance: LOOMBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Loom Network began a wave one advance on September 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 12, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on November 25, 2018. If this wave count is correct, Loom Network should be heading next towards the October 12, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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