Someone asked me to make a forecast for IOST.. personally it doesn't look too good atm to me, but in Elliott theory, there could be a leg up to 0.04, but I have a feeling it will fall back to 0.015 or even below.. eventually we could have consolidation and a new trading range around 0.02 usd, but I dont have enough info to say this or so. Atm it looks rather...
Bitcoin has pauzed in a symmetrical triangle, has had a peak above the 40K mark, went below, stayed on this level with low volume and volatility, which means, there are almost no sellers.. Both BTC and ETH have been rejected from the 21 EMA and we haven't gone under yet.. stayed above the yellow trendline. Ethereum has made a revisit of the ATH from 3 years ago. ...
Altcoin season could have started already with many coins having made mesmerizing gains of 10/30x already.. with more in petto ! I can't almost believe the different set-ups, but similar timing...
Zilliqa having a serious clear broadening wedge.. which could go even up double or more.. Vechan similar with a broadening pattern as well.. which I cannot really believe as they are both between 0.8 and 1.5 billion usd cap coins.. I'll post lower market cap coins more later
Bitcoin hit the 40K mark, which is exactly double of the old ATH 3 years ago, which was 20K. We should have a significant correcition here.. even back to the top of 20K. We also could be witness of a smaller correction, as this would have been a 3th wave in a larger 5 Elliott wave cycle.. nonetheless altcoins could have their turn whilst Bitcoin is stagnating or...
Nikola has performed as a young crypto coin from May till June last year, has had a 85% retracement, but has broken out the yellow descending wedge and has touched an old high of March 2020. We had an sudden rise after first break-out before the announcement of GM, but an abrupt decline right after the cancellation of the electric truck production and 11% stake...
I was in an ironical non-technical, tipsy mood, so: As much as I wanted to jump on the train, though I bought the exact dip of that time 177 usd but sold at 450.. they played it very well to cut Tesla's share in quarters to get Joe Average in the rollercoaster, and produce even more weight if they pull the strings at the top and short the hell out of it.. Even if...
I haven't posted about bitcoin, as it was abvious it would meet the previous ATH of 20k. Though things have sped up due to the longtime 3 years correction and exact timing as 3 years ago exactly around the year end. Break-out is due to the large double fractal structure which is a magnification of lower fractals formed before the run up of old ATH. Yellow...
So much to tell about what's happening in Ripple, and much uncertainty, but I'll try to make it short. One thing I couldn't demonstrate here, is a comparison between the USDT and the BTC chart, because it looks identical ! Many bullruns in altcoins come in 3 steps, not real waves or cycles, because they always go back to the means and are reborn. In this case we...
The one scale pro's use for longterm predictions is still the log scale. It might sound crazy, but it could predict what is coming. Truth is: Bitcoin has traded in a logarithmic channel since the beginning, and it would near/touch the bottom of the largest, blue channel for a 3th time. This is a big probability as it is seasonally around the same period of the...
As in the illustration BTC broke right through the crossing point with the USDT sell off on Bitfinex, and was an exact timing for a move. The next crossing could signify a next move if we keep haning on this support. Although it is highly probable that we will bounce of this yellow descending trendline which was for 10 months a major resistance. A breakout till...
I'll keep it short as there's no clear analysis to make yet, but it comes from the bottom... and we have only 10mio market cap, and its volume is growing, and it is broken from longtime resistance, AND it hasn't pumped yet in the past. Link is probably next, but its marketcap is already 160mio.. and it isn't a new coin.
First break from long descending yellow trendline and 3 resistances to overcome within 2 ascending parallels. I gave up on this one a week ago... lesson: never loose hope in your favourite coin.
volume is still too low to indicate a potential bullrun, but it has the right set-up
I wanted to post this one earlier which could have helped better probably, but I was too busy trading this myself. There was an interesting rally going on with Ravencoin (RVN), which gained (and still has) unbelievable volume and dito... FOMO. A few coins were trying to catch up, but only GO had the right set-up.. not too nice, but doable for a 'cup and...
A lot of mixed signals, but most important resistance to overcome is the longest yellow descending trendline which BTC touched a very short moment, after breaking out of a smaller descending trendline. Positive signals: Nearing the major descending trendline gradually Holding support above the 6K level @ 6.5K, regardless the low volume trading in a pennant with...
Left the weekly chart which looks bearish to me as there is a high potential for a breakdown in the descending wedge and forming a abcde correction on large scale. Though there is potential to the upside if we break this triangle. We bounced off da descending trendline on the right chart, we might be heading to 75 - 79 usd again. Though we should get back in the...