FernandoTarnogol

FernandoTarnogol

Looking at the daily chart, we can see through the ADL indicator a major divergence (while prices kept going down, ADL sustainedly moved up). Last time this happened was before the rally of Jan 2015. Just looking at this indicator and the fact that support has held for the past few weeks, it is possible that we are cruising a major accumulation phase. Also, the...

FernandoTarnogol Updated 

6769 is a line of high resistance. Price will have to enter and break the triangular area formed by the resistance line (red), ascending wedge (cyan) and the medium term channel (green). This is required to maintain bullish momentum. I am not optimist since the current price action is fractal of this whole bear market. Once this critical area is saved, a big green...

FernandoTarnogol

ETH has been consolidating since the last pullback, making higher highs. A Cup & Handle formation has been finished on the hourly chart. A possible small correction is due to give air to RSI but after that it should break upwards.

FernandoTarnogol

Ascening triangle (blue), within a Descending Broadening Wedge (yello) within a Descending Wedge (red). From technicals, this has to go up

FernandoTarnogol

Based on cycles (vertical lines) and Fibbonnacci levels, we can expect a price of 15.2k by Thu/Fri, followed by a correction to 13k around 1/23 and breakout 2 days after-. BTC has remained within the perfectly symmetrical triangle. On the weekly chart, a massive Bull Pennant -weekly closing prices- has formed and BTC has tested support levels repeatedly (triple...

FernandoTarnogol

Based on cyclic patterns, Fibonnacci levels and the big symmetrical triangle/bull pennant that has formed. Strong support at 13k has endured the bear attacks (we have 3+ bottoms). 15k by Thu/Fri, 13k on the 23rd. Breakout on the 24/25th: Pennant on the Weekly -based on closing prices-:

FernandoTarnogol

I´ve been tracking the forming H&S for over a week now and it´s been drawing it consistently. There´s also convergence in terms of an abc correction about to make the run down to c. Long term supports give credence to the 12.6k and 8k targets. Unless we break the current setup in the next few hours (I don´t think there´s enough volume) we are going down. I will...

FernandoTarnogol

TA: Daily BTC chart remains bullish with strong support each leg up Major support 1940. Next at 2300 Elliott Wave pattern moving onto wave 5 MACD cross to the upside possible in 1-2 days Fundamentals: SegWit2x support above 80%. BIP91 lock-in highly probable. Soft fork event likely to be avoided. 2MB hard fork matter still needs to be...

FernandoTarnogol

I have been following LBC for a few months. Longing and shorting small positions to get a feel of its behavior. On Monday, when the BTC rally dumped the alt market, I decided to enter long with a bigger position targeting 16k sats as the first goal (reached). Looking at the price of the token before it dumped one year ago could give you an idea of possible...

FernandoTarnogol

Up now.

FernandoTarnogol

In perspective, that daily doesn´t look that bad. The Heikin Ashi is brutal but there was a pretty thick cushion to make BTC bounce. RSI is oversold and ADX paints a slight trend towards selling. I think the next two upcoming ETF decisions won´t carry as much drama as this one. And that today, bitcoin came out stronger than before this decision. In the short...

FernandoTarnogol

This coming week, forget about technical analysis. BTC´s price at the end of the week (or next Monday) will not depend on any indicators. These past couple of weeks we´ve heard chances of ETF approval range between 18% and 30% depending on where you get your news from. The site ETF News Daily said yesterday that the chance was 50%. Regardless, the decision to...

FernandoTarnogol Updated 

We are currently experiencing a sustained 3 wave with constant ,growing volume and no signs of stopping. We should expect sharper upwards movement after a quick ABC retrace which could put DASH around 45-50 in the next few weeks to finish wave 5 of this first cycle. DMI shows a strong BUY trend ADX over 65 on the 1D chart and an AO reading above 0 since december...