MuffyPuffy

MuffyPuffy Updated 

The green lines are the longterm trendslines of Bitcoin. We had a perfect downwards Elliott Wave (pink lines) with perfect Fibonacci ratios. At 6k we bounced extremly, thus there is a massive support at this range. We have formed a clear big inverted Head and Shoulders and we have broken through the Ichimoku cloud. Furthermore we broke through the first big...

MuffyPuffy Updated 

The most of us expected the bottom at 8000$. Unfortunately, we dropped lower to a price nearby 6000$. The rebounce was strong, which is good, because we see a strong support there. On the way down, we formed a clear nice Elliott Wave and now we have an ABC correction to a price nearby 9500$. Fortunately, we formed a reverse Head and Shoulders pattern, which is a...

MuffyPuffy Updated 

On my opinion, we are aiming for a small recovery to 15400sats and on the slightly longer term to 16500 sats. We formed a bullish double bottom with higher lows and broke through the mid-trendline. We should form now a small Elliott Wave to 15400 sats. Our next target should be something around 16500, if we are moving to the edge of the big longterm triangle.

MuffyPuffy

After the bull run of ETH and two Elliott Waves, we are looking for a small correction. Currently we formed a small head and shoulders pattern, which should indicate a downtrend.

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On the fundamentals i personally think that Ripple is extremly overvalued currently. The 1h chart just shows us a perfect Head and Shoulders pattern, which could end up in a price reduction of approx. 40%.

MuffyPuffy

After the problems and the "delay" of wraith protocol on new years eve the price of verge dropped and formed a big triangle. Lately, we slightly broke through this triangle and formed a smaller one. Boullinger Bands are contracting, volume is waning, MACD is flattening and we are on the edge of the triangle. That being said, we will see a breakout really soon...

MuffyPuffy Updated 

All the recent FUD and the Bitcoin spike (Hardfork) killed all the TA made for Verge. But now we can see gaining a small momentum. We broke the small purple triangle and started an Elliott Wave. If we can break into the old big red triangle, we should be back in track. But be cautious. Bitcoin can kill it again.

MuffyPuffy

The last hours we had a lot of FUD at Verge and due to the Bitcoin spike, we had an huge dip. Apperently the news was just fake! We formed a Double Bottom and have now a strong Support-line at nearby 950 sat. We broke through the small descending Triangle and are now on a clear uptrend. (RSI on an uptrend) Currently we are starting the 3rd Elliott Wave and each...

MuffyPuffy Updated 

After the 5th Elliott Wave we are aiming to form a Double Top, which is very bearish. Furthermore we will see the next downtrend Impulse-Wave for Bitcoin. The whole market will suffer again. Switching a lot of your portfolio into Bitcoin Cash should be the best plan for now. Rebuy Verge after the dip !!! ;-)

MuffyPuffy Updated 

After breaking through the Descending Triangle, we are clearly on an uptrend. Currently we finished the 4th Elliott Wave and we are starting now the 5th. I see the target nearby 1400 to 1500. Happy trading :-)

MuffyPuffy Updated 

- After the big spike we had no real correction until now. - We formed a rising wedge and we broke below it. - We formed a small head and shoulders pattern. - The RSI ist on a steady downfall. - We are forming a perfect Elliott Wave Pattern and we are currently on the 5th now. The strong supportline is nearby 680 Sat and it's possible that we will drop to it.

MuffyPuffy

My previous thoughts on this trade are saved here : The big purple lines are the edge of a big bullish Pennant. Everything looked bullish and promising for POWR, but the BTC peak killed it. Furthermore we got the wrong signals and the price dropped even further. Apperently we see a small recovery due to a small BTC correction. We peaked hard through the small...

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We have broken the black bullish Pennant to create another smaller bullish yellow Pennant. Apperently we failed with the yellow triangle due to the BTC peak. On the bigger scale we have still our pink descending Triangle. We are oversold on the 30m, 1h and 2h chart. Hence we shouldn't go lower than the next supportlevel nearby 0.00005sat. Hopefully we see a nice...

MuffyPuffy Updated 

On the long term we are looking at the black longterm bullish pennant. We slighlty crossed it and created a new darkblue triangle, which we have crossed recently too. Currently we are in the moon-blue triangle and the breakout could happen soon. Furthermore we have a strong orange supportline. Overall we are aiming for a conservative target nearby 9000 sat.

MuffyPuffy

We broke out the first big triangle, to create a new symmetric triangle, which should breakout too soon. Both signals cumulate and are very bullish. We are aiming for a conservative target around the 0.236 Fib Level nearby 0.000719.

MuffyPuffy

Currently we have a symmetric triangle with higher lows on the bigger scale. We will see a last retracement by a price nearby 0.0056 and a final bounce between 0.000507 and 0.000518. Our aim is the 1.618 Fibonacci Retracement Level nearby 0.00116 and 0.00132. Overall this COULD be a 160% profit trade in 3 days. :-)