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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,

Upside Targets for SPX Running Out of Gas

January 5, 2019 Published by

After puking the day before the S&P 500 ripped higher on Friday on better than expected economic data.  The volatility has been wild for sure and the question is where can price go if we see some follow through on Monday
Upside SPX Target
What is great about taking out a major support level is it makes for a nice clean resistance target.  As you can see in the chart below the prior support area of 2580-2560 is our clear upside target now.
Price will either rally to this point (assuming we move higher), test and bounce off of it before going lower

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
Loom Network is a platform as a service built on top

Crypto Contest January 4: Byteball Bytes

January 4, 2019 Published by

Byteball Bytes (Bittrex: GBYTEBTC) has broken out of the wedge pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Bytes began a wave one advance on November 23, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 11, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 1 this year. If this wave count is correct, Bytes should be heading next towards the December 11, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe Bytes is currently in the

BITCOIN: still one more move upwards before going lower…

January 3, 2019 Published by

Why? well, basically because I think we are really attending a long 5-3-5 correction, on which the first 5 waves have been identified (Left blue ellipse) and the 3 middle waves are almost completed (Middle Green Ellipse).

To view it clearer we can have a look at the hourly chart:

Still one last sub-wave upwards is missing in order to complete the final “B” leg of the 5-3-5 (A-B-C) correction.

My expectations is that “B” will reach a slightly higher value than the level of the “A” magenta wave, so around 4000 USD… and still can happen because RSI indicator shows that BITCOIN

Crypto Contest January 3: EOS

January 3, 2019 Published by

EOS (Bitfinex: EOSBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Here is a closer look at the breakout.

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

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The target of the EOS project

Bitcoin Technical Analysis: PRICE RISES BUT VOLUME REMAINS WEAK

January 3, 2019 Published by

Bitcoin has broken out of the wedge it’s been consolidating in over the past couple weeks. It’s risen from $3,690 to about $3,900 at the time of writing this post.

We aren’t yet seeing the kind of volume we need to sustain a bull run. Currently overall volume is just above $5.2 Billion. I’d like to see it at least above $8 Billion on a consistent basis.

Shorts have dropped, while longs are stacking fairy significantly. If longs continue to rise and volume remains weak, market makers may drive price down to liquidate these new long positions.

In today’s video analysis I discuss,

BITCOIN: “Proof of Keys” event…

January 2, 2019 Published by

As anticipated yesterday, the Upper Breakage of the “Bull Flag” was something predictable and it was exactly what happened after publishing my post yesterday.

Since then, BITCOIN seems to maintain a non-artificial increase of price, which is perfect to fit in the planned path, which for me is the conclusion of the “B” leg of the 5-3-5 Zig-Zag Correction as I anticipated since more than a week ago…

The end of the “B” coincides in time with the so-called “Proof of Keys” event.

“January 3rd of 2019 marks the tenth anniversary of the first-ever block of Bitcoin mined – the so-called genesis

Crypto Contest January 2: Arbidex

January 2, 2019 Published by

Arbidex (Coinmarketcap: ABXUSD) has broken out of the triangle pattern in the line chart.
(Chart courtesy of Coinmarketcap.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Arbidex began a wave one advance on August 31, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 1, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on December 16, 2018. If this wave count is correct, Arbidex should be heading next towards the November 1, 2018 peak in the red wave three.

(Chart courtesy of Coinmarketcap.com (log scale))
Funnymentals
Arbidex compares the rates of сryptocurrency assets at multiple major exchanges and provides users

Is Bitcoin Setting Up For an Explosive Move to Bring in the New Year?

January 1, 2019 Published by

Bitcoin continues to get squeezed, creating higher lows and lower highs. Overall volume remains weak. As price approaches the apex of the larger wedge it’s operating in, we should prepare for a larger move.

Looking at the 4 hour RSI, we can see it’s also getting squeezed. This also suggests a larger move to come in the next 24-48 hours.

In today’s video analysis I discuss, traps to avoid, possible trade scenarios, short term price movement and so much more. I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to

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