jbotos

jbotos

Bitcoin will finish its cycle just like any other coin that followed a similar reset patten. There is no reason why Bitcoin should experience a growth or breakout at the current price level of $3,800. Bitcoin is not a widely accepted payment method, in fact it's not really used in anything yet. And the companies who are interested in the abilities of Bitcoin /...

jbotos

Personal opinion, after reviewing many different bitcoin charts here on tradingview, I don't think BTC has reached it's bottom yet. I believe BTC is about to test new lows and Cardano follow's Bitcoin's lead. I think there's a good chance we'll test previous lows, even possible new lows for one last time before we begin to see a long term stable price in a sideways market.

jbotos

Strong resistance could be a possible sign that there is still further drops in price to be expected. A further drop in price can push new lows of $0.010 or below even possibly $0.005.

jbotos

This prediction is based on historical performance of Cryptocurrency after reaching an all time high, then following lower highs and higher lows of consolidation, namely Bitcoin. I believe Cardano is going to follow Bitcoin's consolidation pattern which will follow the higher lows and lower highs as buy and sell signals. Next high for BTC would be $16,900 range,...

jbotos Updated 

Given the lack of bullish momentum at the 50% retracement, I'm looking at Cardano making a further drop from the current descending triangle formation.

jbotos Updated 

According to the ascending triangle breakout, price should increase to $0.49 cents based on the length of the ascending triangle flag pole length. Afterwards a 50% retracement range back down to $0.30 cents range, Elliot Impulse Wave should continue afterwards to a high of $1.30 range.

jbotos

If this is a true head and shoulders pattern forming, we might see .19 cents again.

jbotos

In order for more growth, we need a good correction. First area of decline could be .24 cents and then .22 cents for about a 50% retracement.

jbotos

I'm seeing a flag pennant forming and I wonder if we can see a continuation breakout until 33 cents, thoughts?

jbotos Updated 

Looking at Cardano, falling wedge in place. At this point it's either going breakout by April 8 moving up or we're going to see a deeper selloff into single digit values. Could it go below 1 penny? I say it's possible since Cardano came into a high market and could have been already overpriced for starting out.

jbotos

Reminds me of the pattern that emerged with ETH once it reached it's first target of $400, then it went into a symmetrical triangle with a bullish breakout into a new all time high.

jbotos

If Litecoin has any change to reach $98 price range, it would need to continue up within the yellow triangle boundaries. Looks that would be reached before December 20th date range if we take into account a vertical up movement for the last 80 - 90 move.

jbotos

The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish...

jbotos

So the current position we're in seems to have broken the initial uptrend channel. The second regression trend channel highlights the current position seems to be following that downward bearish channel without breaking out through the top, at least if it did, that would mean we could see near term bullishness. Which could possibly explain why we saw a 73 high and...

jbotos

It took Ethereum a minimum of two months to make a full comeback from it's initial high. That does not mean that it will take Litecoin that long, but I just want to point out that even though Ethereum had quite a dip, it still challenged the previous high and made a strong comeback. Same thing goes with Litecoin, just because we don't see an immediate challenge of...

jbotos

Just exploring the butterfly bullish patterns on Litecoin found here d37wxxhohlp07s.cloudfront.net thoughts?

jbotos

I wonder if there is any kind of correlation to the pattern style of Ethereum's high to the major consolidation of 145. If there is this would mean that my further litecoin consolidation idea is viable www.tradingview.com

jbotos

Based on this analysis the next high will be in the 75 range, if it goes beyond 75 to 79 range, I think we're going to see a possible breakout towards the 100's by the end of the month www.tradingview.com I pasted my other idea which goes over a possible breakout to the 100's. But if we can't go beyond the 75 range in the next rise and it comes back down hitting...