DrGonzo87

DrGonzo87

ABCD harmonic, psychologically significant price, in reversal territory between .618 and .786 retracements and previous resistance/support zone indicates that the $5000 region is a strong contender for the reversal zone of this sell-off. This is not investment advice. My analyses are frequently wrong.

DrGonzo87

BCHBTC just broke bearish from its triangle and altcoin-Bitcoin pairs generally look like they're due a sell-off with Bitcoin appearing like it might be in a position to rally again soon. However, if/when BCH returns to the lower trend line indicated above, around the psychological 0.1 BTC level and .786 fib retracement, I would regard it as an attractive buy....

DrGonzo87

In my opinion, this recent consolidation and correction in Bitcoin very much resembles the one we saw around June 2017. Not investment advice. My analyses are frequently wrong.

DrGonzo87

Just my opinion. Not investment advice.

DrGonzo87 Updated 

The above is purely my opinion, it is by no means certain. I'm frequently wrong. And trading/investing in Bitcoin at present is extremely risky.

DrGonzo87

The above chart should be considered in conjunction with the one covering the 2017 bull market, which is linked below. The above is only my opinion and is not investment advice. I am frequently wrong in my analysis.

DrGonzo87

Gold appears to have just broken out bearishly from a roughly year-long trend channel. As the chart shows, we saw the same thing in 2016 just before a major move down in gold. The thing that I find significant at present is that a similar size of move down now could entail a break down of the long term logarithmic support line, which may in turn have considerable...

DrGonzo87

The above is a long term logarithmic chart analysis of Ethereum-USD. It is not investment advice, and I am frequently wrong in my analyses.

DrGonzo87

The above is my non-professional, long term view of gold in logarithmic scale. Given that the metal still seems to be in a phase of indecision, I will have to wait and see how this consolidation resolves before deciding on the likely long-term direction of the gold price.

DrGonzo87 Updated 

Factom/FCT looks like it's coming to the end of a long consolidation and is nearing a breakout. If this breaks to the upside we could see a major price movement comparable to recent breakouts like Monero/XMR and DASH. Much of what happens next depends on Bitcoin, but I expect possibly a short-term sell-off to the ~300k satoshi area to retest new structure support...