Hello Traders! Litecoin continues to, of course, follow the bullish trail blazed by King Bitcoin. In our last analysis, we looked for two targets - $114 and $135. Our first target, has been hit :) Now, after the first smaller impulse wave on the 4h, we had a nice pretty 62% retracement. Most frequently, the 127% extension is the safest target for any retracement...
FLO BTC is showing a shift in momentum, as it broke out of the final leg of the decending fibonacci fan, signalling bearish exhaustion in December 2018. We also saw a double bottom formation in this area, flowed by a bullish reversal. As the momentum has now shifted i expect the bullish trend to continue, though we may see a correction on the smaller timeframes...
I beleive that the bearish momentum has now been exhausted, and a bullish reversal is likely because the macro level analysis of STRAT BTC shows a clear parabolic, bullish move, followed by a consolidation trend, down to the 0.0002 satoshi level. The 0.0002 satoshi level would be my ideal entry point, however on the smaller time resolutions there are also some...
RavenCoin gaining positive momentum in the short term, if it can break the resistance level at 493 satosis i would consider entering a long position, or if it finds support on the 449 level then i would also enter the position and trade by moving averages / heikin ashi candles. More details on the chart. Feel free to check out my open scripts, feedback and...
Not fully fleshed out yet but I am surprised at the accuracy of the fans.
XAUUSD We have a fibo fan that i see,when the price go down to a line this line hat a role in support then the price go up to the last wave,for example we had X1 THE GOLD DOWN TO THE A1 and the A1 reacted with th line of fibo fan and pull up the price to the wave X1A1. the next example is X2A2 again the price touch the line of fibo fan and the support role so...
MONERO/BTC (XMR token/BITCOIN) 720 minute/12 hour semi log scale, candlestick wicks removed. 5/19/18, 9:20 PM EST, by Michael Mansfield. Hi trader friends! Monero, a privacy token/digital currency, is looking trendless and quite ugly! But let's give this a shot anyway since we've had a request for an opion. 90 DAY OUTLOOK: Sorry, more uglines. ;-)...
0.382 retracement from the previous trend. I'm going to go on a limb and guess we are forming a cup-n-handle pattern (also notice Ichimoku support) and will either break or park at $40 before next ER.
New idea on OMGETH. This is roughly based on my last post, but this time with much more detail (and usable math, to boot). I was struggling for hours to pinpoint where the resistance and support lines were coming from in this pattern, and finally discovered that the Fibonacci Fan fits quite perfectly into the pattern, with clear support and resistance tests on...
Hello Dear fellow Traders! Swing trader WhatsThatCrypTom here with my FIRST published idea! Today I want to start with the mother, father and leader of all Coins: Bitcoin I want to share with you my idea on BTC vs USD. I use a daily chart and the exchange is Coinbase. ( I think this is a very solid chart to look at) Please trade at own risk For my analysis,...
The drop in BTC has been deeper than expected, it seems that we are facing a major retracement. However, this shouldn't take much longer since we are right now at the 1.618 fibo extension (from highs to lows at 22nd december), and the fibo fan plotted from lows in January 2015 to all time highs in December 2017 shows a major support line right now at 6000 USD. A...
BTC is likely to reach 11400 usd levels and from there try to test again the long term Fibo fan line which has already been a support in the last weeks. From this point a bullish run (with a probable breakout of the downtrend line) is likely, which would confirm a short term bullish scenario. On the other hand, there is an even more feasible alternative which...
Fibonacci fans show how ETC is preparing a bullish run as soon as BTC allows it. It's likely to follow BTC in its final drop (to 7700-7900 zone) and then start a hard upmove. Entry point: 240k. Target: 472k
BTC may reach the given target sooner than expected. The ultra-short term fibo fan shows how the drop has been accelerated and this may take it to 7800 zone at any time from now. Big buy walls are set in all exchanges around 7700-7900, that zone is where the big whales are. Volume is also increasing as in previous bottoms so we might face the end of this drop in...
Neo was not spared from the crypto carnage. It dropped to a staggering $31, where it found support at a Fibonacci Fan level, before recovering to $50 which we’ve identified before as a value area. Again, investors should be cautioned that this fallout may continue. Although we had originally defined this phase as Wave 4 of the impulse, it is likely the case...
Profit taking carnage has spilled over into NEO as well. Currently it is hovering around the $70, psychological and technical level corresponding with the 0.75 Fibonacci Fan level. Both Kovach Momentum indicators are bullish, but we appear to be in Wave 4 of the 5-3 Elliott Impulse wave. Be prepared for more retracement as we complete Wave 4. At this point,...
If we take the low of July 16th, 2017 and draw a perfect 45 degree angle fib fan to todays high we can see that Bitcoin has made its way to its perfect 45 degree angle, which is the angle used in most trend indicators such as Gann indicators. Also looking at this fan we can see that Bitcoin has tested its Fib fan levels beautifully. This 45 degree line will be...