turgaycubuk

turgaycubuk

I think that 0,01 BTC valuation is very rational and doable at this time of the history. Compression leads to expansion. I sincerely estimate closer to much higher valuations, some of which can be seen in my previous LTBBTC analysis.

turgaycubuk

This is a long term investment strategy but off course we are not without a plan for the short-mid term. I think that 1700s will the perfect buying spot as the 18 months moving average would coincide the 0.618 Fibonacci retracement it it plays out in the next 2-3 months. TVC:GOLD moved very quick and unsustainably decoupled from the 18 Monthly moving Average. The...

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Bitcoin price rises while its dominance falls. The perfect set up for 2021 BTC led bull market. Fundamentally large gains should be made from the ALTS to fuel the successive BTC rally. In the mid term Alt season should continue for few more months. The BTC Dominance chart aligns perfectly with the market fundamentals. The dominance broke the rising wedge (...

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Textbook Bear divergence. Price makes higher highs, however, RSI prints lower highs. Price will most probably revisit the 200Days Moving Average area.

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I think today will not. close under 51,60. Keep a very close eye on the daily closure. The adoption curve is still intact for Litecoin. I am sorry for this update on mobile. Just wanted to share this. Things may go very ugly for LTC if the price violates the curve. Trade safe.

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Bitcoin Dominance is about to surge soon. The dominance is about to touch the 50 Week MA. This long term MA has historically given support and upside momentum to BTC.D. Alt coins may have very difficult times ahead. If the dominance breaksdown below 50WMA, then i will exit all to USD. IBTC.D chart is a good tool for timing the Alt buying opportunities.

turgaycubuk Updated 

Monero ( XMR ) chart is showing great potential against Bitcoin in the short/mid term. I love such charts when BTC goes sideways before its strong move. Monero has recently broke 200 D MA to the upside, back tested as support, and currently trying to stabilize above it. If it succeeds to stay above 200 DMA in the next 10 days, then 50 & 200 D MA golden cross...

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Another promising altcoin is Stellar (XLM). Its USD pair has been showing bull divergence on the weekly RSI. If it confirms higher high this week with the price staying at these current levels, he may be nominated for the longest suppression award. This dude has been creating higher highs on the weekly MACD since April 2019 !!! I know what fundamental tragedies...

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Things are looking very bullish for LTCBTC pair. The weekly RSI is about to make its first higher high since December 2018. If the RSI closes the week at these levels or above, according to the fractal, ıt should have no resistance a head until 50. The RSI is a front running indicator and it works best on weekly scale. As we have seen in the previous cycles,...

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LTCUSD has tested the historical support trendline on 16 December. A second test of the trendline is possible but we will use that as a dip buying opportunity if and when it happens. Keeping in mind that LTC and BTC usually bottom around the same time, BTCUSD might have also bottomed. LTCUSD Weekly RSI suggests that a mini dip may be in the cards next week or so....

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A new triangle is in the formation on the Bitcoin chart. This time it is descending. Bitcoin loves the triangles in down trends. This one shows a price scope around 4500 area. Things would turn bullish only if the price breaches the neckline of the Head&shoulders pattern to the upside. Not a financial advise. Just an idea :)

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Keeping things simple. I expect the 2nd hug of the 200WMA to end this bear market.The price actions on the way to 200WMA are just noise for me. This is not a financial advise.

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USDTRY may be forming an inverse head & Shoulders pattern which has a price target of 6,22. Falling under 5,65 in the next couple of days invalidates i h&S pattern. If Inverse Head & Shoulders fails, price will likely fall to 5,20 area which will be violation of 200 Day Moving Average and also the confirmation of the bearish descending triangle. That being said,...

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The simplest indicators show the clearest picture to understand a trend. I pay very close attention to the daily RSI during both bear and bull markets. Basic rule: During bear markets Daily RSI struggles to stay above 50. During bull markets Daily RSI struggles to stay under 50. At the time of writing, RSI is around 53. First time since June 30th. Chaikin Money...

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Dear Litecoin; please be a good friend and return back to 50 MA on the 4 hours chart. Please also be so kind and keep the chaikin money flow above zero constantly. I promise i’ll buy from you some more. Thank you!

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USDTRY has been enjoying relief rally as result of 50 Weeks MA violation. The tide may be turning. It looks like the trend have come to exhaustion. The doji candle ( so called gravestone doji ) on the weekly does not look pretty. The only possible pattern is symmetrical triangle which usually ends price breaking down. Important: The upper resistance of the...

turgaycubuk Updated 

Long term Weekly RSI trend line has held its support since September 2010 crash. Now it is back again touching the "do or die " trend line. If history is about to repeat itself, RSI should start to rise from here. If it breaks down the 10 years trend line, then we should expect very low prices in coming months/years. I always keep in mind the possible results of a...

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I am not shilling. Anyone interested, can find my TA dated December 2018 when i advised buying this thing at 23USD seeing that a series of IHS were about to play out especially on its BTC pair. Why am i so optimistic? Check weekly RSI bottom trend line. LTCBTC should start to rise from here if it is not committed to suicide. :) Not a financial advise.