Wolf_of_Walton

Wolf_of_Walton Updated 

I for one am also someone that gets stuck on the hourly and 15min charts, but if we had to just sit back and look at the bigger picture .. what would your opinion be one the current situation on the market .. bullish or bearish? In this post I'm just going to let the chart speak for itself and let it run and hopefully look back in a couple of months in awe, I'm...

Wolf_of_Walton

Double Bottom if weekly closes above the Red resistance line.

Wolf_of_Walton

It's a long shot but it seems that this pennant could play out nicely in the future. Just keep in mind that support could also fail during Wave C causing potential failure in the pennant pattern, but if we see a nice bounce off of the support and a break through the resistance of the pennant could see us hitting those 1-3 of those green lines as our targets. Good...

Wolf_of_Walton

I know people say that 200 MA is a strong indicator for when the market should turn, but if we had to do a symmetrical test of the previous bear market we can see a lot of symmetry in the 2 white boxes white in the previous case lead to a 60% drop and it lead to the bottom of the 2016 bear market. Just another chart to play devil advocate with. A what if scenario

Wolf_of_Walton

Going to keep it brief in the discussion because I feel there is enough on the chart to paint the story. From my point of view it looks like $BTT has Completed its ABC (Wave 2 Retracement).. Stoch RSI indicating it is also a hot buy because its ultra low and oversold. I've set 3 targets that we could potentially see $BTT hitting in March. In terms of the BTC pair...

Wolf_of_Walton

This is just my opinion on Bitcoin so don't take it as financial advice! I think for the first 6-9 months in 2019 we will see accumulation until we see the market that everyone is waiting for.

Wolf_of_Walton

After a 6 months waiting period LTC is ready to fly. It is showing great signs in terms of news, charting and mass adoption. Only good things to follow. Great time to buy in under $110.

Wolf_of_Walton

If we have a look at the bigger picture and look at the weekly chart of Bitcoin. Their is a strong support line indicating to us that if Bitcoin manages to break the 7.8k; 7.6k and the 7.2k supports we should see bitcoin most likely hitting the 7k mark in a week from now before the start of wave 3.

Wolf_of_Walton

I believe we'll see an ABCDE retracement and we'll see a big sell off from $760 to hit close to $550 (Head and shoulders pattern)(rebound off indicated Fibonacci level). I see this happening because it will create the possibility of higher gains for the big money pushers to hit close to the $2050 target at the end of wave 3 (the 1.618 Fibonacci level shows the...