Nothing more to say that I haven't already noted in the last two charts. Keep holding tight traders. We're about to pop!
BLUF: Neutral until we break above the blue trendline. Hi traders. Just a quick heads-up. BAT could be headed for %50 gains if we break above that BLUE downtrend line in my chart. Currently it is getting squeezed. A decision must be made soon. Wait for the break above the blue trendline and confirmation on the daily before trading this. I'll try to keep you posted.
Our supports are holding tight traders. This is excellent. We still need to poke through that overhead as I mentioned in my last post (below). Other than this, all signs are looking good.
Exit from 7 month down channel Cup and handle playing out nicely Broke above 200ma Above $9300 which now becomes support Best of luck traders. Our target remains $11.5k. There are no significant signs indicating we'll do anything but reach our goal. Bulls look to be in full control right now. Buy on dips like today.
I am breaking out of my long time (6 months+) neutral sentiment now. Though we haven't broken above the 200MA yet (and that definitely should give pause to what I am about to predict) all other signs seem to be indicating BTC could make a run for $11.5K. I'll be brief: Break above our longtime channel since July (though we still need another day to confirm) ...
BLUF: If we are going to go up the move by the bears must be extremely powerful! Do we they still have enough in them? Once again we find ourselves pressing the underside of the top of our longtime channel (since July). This is now the 5th time we've hit this top. I expect us to break out and to the upside sometime within the next few days to weeks, but if we are...
I'm going to be completely honest with you, I have no effing idea what happens next. At this point, I am operating purely off of intuition. Technicals are great. We like to believe that they give us a good probability of what happens next. And I did use technicals to predict this $8000 target (see my last few posts). But really, when it all comes down to it,...
Broke down out of our triangle. I expect us to dip quickly below the 200ma, hit our target of $8k, before the bleeding begins to cease.
Look at the triangles. I have drawn two. The first is a symmetrical. About a week ago, I posted a chart with both of these triangles, but I had drawn the top line too low. I soon realized that there was another top line the market was respecting more. I have re-drawn this. You can see we have respected this line six days in a row! In fact, we are running out of...
This is simple. I have (2) two triangles drawn on my BTC chart here. BTC still remains within both. The first is a symmetrical triangle. We have (3) three days before we run out of room here and BTC is forced to make a decision, UP or DOWN. However, if BTC decides to break DOWN, it still remains within the second descending triangle. The bottom of the...
Our pilot was able to end Bitcoin's rapid descent into oblivion. She has leveled out now. Altitude is consistently stable. About to ascend once again. This time more feasibly doable. Steady now girl. Steady. Thanks to all who remained aboard and have help our pilot right this plane. Now enjoy your ride. It won't be fast. It may not be exciting. But we'll get...
If I am reading the charts right, we may be on target to double our price point in less than 40 days. Points for this bold (almost ludicrous) prediction include: - Out of all bearish downtrend channels on the daily - Inverse head-and-shoulders forming on the daily - Key levels held during this last downturn - Bitcoin should now be back on it's 60 day cycle...
Little brother follows big brother. I'm not going to re-hash all the points I made in my BTC post. You should read that for yourself (link below). But I will make these additional points for Litecoin: 1) Hitting 50 day moving average 2) Hitting major GREEN trendline (great support) 3) GREEN TL intersecting with 50dma 4) Did I mention LTC follows big brother...
Folks. I don't usually go all click-baity on you, but I'm telling you, everything is lining up perfectly for a HUGE market move to come this weekend! I am trying not to get too excited because I know it definitely influences my bias. I should be creating objective reports here for you. And I do my best to do that. But these charts are telling me that sometime...
Well, in my last post I had identified a H&S that we were watching to see if it played out. It did not. Bears failed to break the neckline. Failed H&S patterns tend to reverse bullishly very quickly. That it did. What now? Well, if you're a bull, waiting patiently to get in before we rocket off, you may have one more chance. If you're a bear, I am finding it...
Hi friends, First of, I am actually bullish long term. However, short term we do still have some hurdles to conquer. For this reason, I still remain neutral to bearish short term. So let's take a look at what I've got here. You can see that Litecoin has fallen out of an important ascending channel (outlined in BLACK). At almost the same time, we also fell back...
Well friends. I think the charts have done a beautiful job in helping us to identify these Litecoin "Buy Zones" over the last several months (see history in Related Ideas below) and once again the charts are showing me a possible scenario. Keyword "possible". Obviously, the H&S pattern that I've outlined in the chart has not played out yet and very will might...
I'm sorry for the messy chart folks. I do a lot of work on my charts trying to get these calls right. Let's go through some of this stuff and I'll show you what I've come up with. First off, one of the reasons why I put off posting this chart was: -A) because the Head-and-Shoulders that I'm about to show you was still so incomplete and -B) with all that...
