SteelPipeGeorge

SteelPipeGeorge

Similar to my post in $CCL... Giant Cup & Handle, Bull Flag, Inverse H&S, overall bullish momentum in economy stocks... cruises are the last to ride, but we can still catch it. Has a chance to fill the gap to $48+ by summer. Entered in $23s.

SteelPipeGeorge

Draw whatever targets you prefer. Cup & Handle, Bull Flag,Inverse H&S, you name it. Excited on this one, entered in 21s. All else aside, people want to cruise. Combine business fundamentals with technicals (including CCL $8B+ in cash as of 9/30/20) this could be a home run.

SteelPipeGeorge

Triple 9s printed with inverse H&S at a strong support. Bullish on WTI

SteelPipeGeorge

The chart speaks for itself. Chainlink looks ripe, not to mention ATH in on-chain volume.

SteelPipeGeorge Updated 

It seems like many analysts have all of a sudden turned bullish after the wick down yesterday was eaten up with demand. However, in my view, nothing has changed. We are still in the descending channel, and there is no reason to bet against the trend without reasonable evidence. The price is being squeezed and decision time is coming very soon. I will feel much...

SteelPipeGeorge Updated 

I try not to post charts making calls for long or short, but this XRP chart looks ripe. We have had that sentiment-obliterating drop and the XRP army looks decimated. Selling pressure has been enormous, and it feels to many like all hope is lost. This is the time to buy. I see many similarities between the BTC bear market and XRP here, and it seems as though XRP...

SteelPipeGeorge

What do you see when you look at this inverted pricing and RSI scale on the BTC chart? It is interesting how this chart can modify perspectives and bias. Not much to comment here, just an interesting look at how views can change when looking at historic supports/channels from an inverted perspective. Which outcome seems more likely to you based on this chart?...

SteelPipeGeorge

I am a believer that right now, especially with these levels of market capitalization, that whales have significant control of the near term movement of coins. The reason I am charting LTC rather than BTC is simple: time and time again we have seen Litecoin “leading the way” for Bitcoin by moving first. This is only true until it’s not, but there is something...

SteelPipeGeorge

Ripple is approaching that short term brick wall of resistance around .30-.31. XRP has been trying to break through this area for a while now. With the strength we have seen in the crypto market, I'm inclined to believe that she will break up to .33-.35 short-term. However, if we fail here yet again and break down from the inclined support, .27-.28 are...

SteelPipeGeorge

XRP has lagged behind the other main cryptos. Could it be up next?

SteelPipeGeorge Updated 

This is a much different market that it was a few years ago. However, this is an interesting idea that is worth considering. Could we see it play out the same?

SteelPipeGeorge Updated 

We can see that the market structure is very similar to the 2014 bear market, but it definitely has its differences. I believe that, over the past several weeks, BTC has rallied much quicker than expected due to the hype on Twitter/News and FOMO buying, as it is talked about much more than it was before 2017. However, it is impossible not to see the similarities...

SteelPipeGeorge Updated 

LTC has been overbought on RSI twice recently and has formed bearish divergence. We are currently also sitting at the upper limit of the 6-week uptrend channel, and have a bearish divergence on the MACD as well. Hard to see LTC continuing this monster climb without having a retrace. I am short for now.

SteelPipeGeorge

Based on some simple analysis here it is likely that we will see LTC pull back to the $47-$51 range. Litecoin has been moving independently from BTC the past few weeks, so I expect this pullback regardless of what BTC does, so long as there are not any major changes.