CryptForecasts

CryptForecasts

We have mentioned our long term view on BTC several time, starting from January 2018. So far BTC is pretty much inline, confirming several key level we have posted before. Sounds like BTC loves the double top pattern. We have seen two double tops in daily chart and both broken the support line. Please refer to the charts we have posted before. We have noticed the...

CryptForecasts

On Friday and over the weekend we saw how indecision in the market was chopping both bulls and bears. There was a highly confused price action by market participants and we advised not to take any positions during such indecision. As you can see in the chart, marked in yellow circles, there have been several contradictory and opposite signals only led to a false...

CryptForecasts

This is perfectly going as we expected. BTC is making a move up and likely to breach 8300 resistance level. BTC is expected to test 9400 again so watch out... As we posted on the following post the cycle seems to be perfectly aligned with the BTC trend. BTC-Warning-Ahead Bitcoin-BTC-double-top-again

CryptForecasts

Since our last post, BTC validated the double top and after testing the double top, BTC moved down sharply as we expected. BTC as also breached an intraday support @ 8300 and currently consolidating near 8300. We expect further move down from the 8300 area, if BTC breaks 8300 UP then expect 9400. However, overall long term trend remain bearish.

CryptForecasts

Ecclesiastes 1:9 What has been will be again, what has been done will be done again; there is nothing new under the sun. In our last posted we posted that BTC will be highly volatile and will trade between 9K and 12K. This was based on our unique cyclic theory. However, there has been another double top in formation as you can see in this chart. In January,...

CryptForecasts

LTC has been in down trend, trading below 100MA for a while and then forming wedge continuation pattern, LTC broke wedge on 7th March. LTC is now testing wedge and expected to turn down soon, expect further down to 120 level.

CryptForecasts

We mentioned in our last post that BTC will test 12K level, BTC was quite close on 20th Feb at 11788 and again bit lower at 11700. BTC made down move since then and tested 9K level. 9K level has now become a very significant level, BTC today seems to be bouncing back from 9K level means the volume pumped in the market yesterday and today was not enough to push is...

CryptForecasts

Wow, BTC had nice run-up over the weekend and managed to keep up over 11K mostly. This clearly suggests that the channel theory which many analysts were relying upon is now flop theory. We mentioned about "double top" pattern in our early analysis and the BTC reversal due to double top support break, this double top reversal is still in play. BTC is gradually...

CryptForecasts

BCH has been lagging behind BTC, the second attempt to resistance didn't show the same enthusiasm as BTC. BCH with death cross (100 MA and 50 MA) as bearish as BTC but with less momentum then BTC. We recommend sell of BCH at 1190 level with long term target of 500.

CryptForecasts

As we can see in the chart, first rally failed at 979 and second attempt didn't even go that far. We believe ETH will not see 900 in near future. Therefore we recommend Sell at current level (853).

CryptForecasts

We mentioned in our last two posts, chances of BTC hitting the double top support level (12,000) is very grim. BTC is hitting multiple key levels simultaneously, Resistance, trend line and 50 MA and moreover 2 failed rally at key level. As we can see the two shooting stars (marked in circle) at the trend line (Resistance), indicates that time is running out for...

CryptForecasts

There is not much left in BTC, BTC is getting weaker and weaker as it is hitting the resistance level and trend line at 11,000 level. We recommend sell at 11,000 level.

CryptForecasts

BTC and Major Crypto have been selling over that last few days with volume gradually declining. We said before that BTC is not done yet and there are still gas left in BTC. We know a lot of sentiments in Crypto market is driven by Bitcoin, we have also seen that other cryptos including many alt coins has been weakening compared with BTC. As BTC volume is...

CryptForecasts

Buy BTC @ 10,300 with Target 11,000 Looking into volume and support strength of 10,000 level. BTC is likely to trade side way for sometime.

CryptForecasts

Long term view for BTC is bearish. Currently BTC is trading below 50 MA and also below 100 MA. BTC is currently trading at 10107 and holding both support and psychological level at 10000. Having said that it seems there are still some gas left in BTC, means BTC is expected to bounce back again from this level and trade between 10K and 12K for some time before...

CryptForecasts

Short ETH @ 880 level with target 800

CryptForecasts

Short Sell LTC on breach of trendline (indicated in pink) around 217 level with target 170

CryptForecasts

BCH has breached double top support in intraday chart (1 hour chart - pink line) Short BCH @ 1385 level with target 1200, above 1410 the trade should be stopped.