SpocksBrain

SpocksBrain

There is a possible W bottom forming on the STEEM daily chart. Price is retesting the previous breakout low, and looks like it will close without tagging the lower band. This could be an early sign of a trend reversal. Should be clear within a couple more days. Good luck and happy trading!

SpocksBrain

LTC is still looking strong despite a healthy pullback. The pattern resembles the pullback from the last surge. The price seems to have found support at the 20 SMA, or the middle bollinger band. The upper and lower bands are beginning to pinch and we have some hidden bullish divergence. Confirmation should come sometime next week with increasing buy volume. With...

SpocksBrain

Title says it. Its a possible formation. Wait for confirmation for a close below the neckline. Bollinger bands and volume lend some validity to the idea, but still need to wait for confirmation. Target will be about .055-.06, which happens to be around where the 200 EMA should be. Havent been watching the ETH market since I dumped, so apologies if this idea is widespread.

SpocksBrain Updated 

The bands are really pinched. Big move incoming one way or the other. Based upon the fact we've been at a solid fib support and the fact there's not much room to the downside on the RSI, my bet is a large move up. Be on the look out for a head fake down before the large move up.

SpocksBrain

The alt markets seem to be pricing in a drop in BTC. The polo board is very green with some decent volume on a variety of coins. I think its a trap. The weekly divergence is strong on the RSI and hasnt been broken yet, but the divergence on OBV is showing a clear break. Target = moon.

SpocksBrain

I'm new to harmonic trading. Just trying it out. So if this way off base, be kind.

SpocksBrain

Negative divergence on the 30min, 1hr and 4hr.

SpocksBrain Updated 

This is the rock, so who knows. But there has been some strange activity in the LTC/BTC, LTC/USD and LTC/CNY the last day. I'm still neutral, but watching. Bottom indicators are OBV (blue) and A/D (yellow).

SpocksBrain

If you filter out the ETF noise, it looks like the downtrend might resume. Confirmation comes from a break of the neckline.

SpocksBrain

Even though I dont like to short bitcoin, this seems like a place where it should be considered. The breakout from the cup line seems to have been rejected at 1300 and seems to be a false break. Volume is declining and OBV is pointed down. A consolidation in the handle would allow BTC to build up some pressure to take out 1300 and continue upward. This rejection...

SpocksBrain

Daily shows a clear double-top M formation.

SpocksBrain Updated 

Divergence on the RSI. Buyers should be willing to return with ETF decision less then 48 hrs away.

SpocksBrain

Looks like we might have found the bottom of the current downtrend. Positive divergence on the RSI. Confirmation could come from OBV breaking the downtrend line. Considering the ETF announcement is probably less then 48 hours away, buyers are likely willing to return.

SpocksBrain Updated 

Divergence on the RSI and OBV seems to have topped. Daily chart also shows a reversal candle inside the bollinger bands.

SpocksBrain

Price should come up to the 200 EMA.

SpocksBrain

LSK broke through the multi-month downtrend on the RSI. A blip or the start of a reversal?

SpocksBrain

LSK hit the Gann Fan line and shows a reversal candlestick pattern. If it is able to break through the previous support, it could trend upward quickly. If the reversal fails, I expect LSK to fall back to long-term support in the .0007 region.

SpocksBrain Updated 

LSK has been steadily recovering from the last down trend. Recent new gave the coin a boost, but it had to overcome some very tough resistance to continue the advance. The trend should continue up for at least the next couple of days barring major news. The unknown is what effect a large spike in the BTC price would have on the rally. LSK held its own during...