dereckmezquita

dereckmezquita

Bearflag in a bearflag in a bearflag! Slowly going down? Or Bears running out of ammunition. Look at the books. What do you guys think?

dereckmezquita Updated 

UNPRECEDENTED - on the 1d chart the 50 EMA and the 100 have crossed over, this has not happened for an extremely long time. This could potentially be the indication of a prolonged bear market setting in. But in the mean time there is still some price action to be had. Will we have a long bear market? I predict some high volatility sideways trading (great for...

dereckmezquita Updated 

I had previously called out for an Elliot wave inside a channel and a corresponding cup and handle formation. It seemed we were on track to fulfil my targets - we did have BTC pierce the 100 and 200 EMA a few times but it was finding strong support on these averages and the corresponding fib level - 78,6%. Lets not talk about the past, dwell on the past as it...

dereckmezquita Updated 

BNB has been holding up not to badly in these tough times. The key was to wait for a trend reversal to buy back in. Now we are seeing a possible channel having formed indicating an upwards trend! The RSI is pointing straight up and the MACD is looking for separation and is on an upwards trend - above the 0 level where we will start to see some movement. It seems...

dereckmezquita Updated 

Hello all and welcome to this long overdue update on BTC. A few things have changed since my last chart. I'm currently updating the style and layouts of my chart and have not settled on anyone presentation choice. The resistance and support levels have been redrawn in orange horizontal rays, the red triangle was removed - as BTC went for an Elliot wave...

dereckmezquita Updated 

Hey everyone, I previously pointed out that BTC has a choice to make. Either a triangle formation where it would consolidate or an Elliot wave upwards! It seems that it finally chose the wave. It has now closed above the channel for the FIRST time since the all time high! Some other analyst might say this is our second or even third breach. I think things are not...

dereckmezquita Updated 

I recently posted a chart that considered the possibility of an Eliot wave formation which could drive the price up. I've now updated the chart adding a few key features. A downward channel was added demonstrated in blue. This downward channel coincides perfectly with multiple breakout rejections and is in play right now. The first wave starting at around 9k was...

dereckmezquita

Unfortunately DGB seems to be in a downward trend. This is despite the recent public attention it has been getting. DGB has recently hired a marketing firm to better public awareness, DGB is releasing iOS/Android wallets, DGB is being built on with DAPPS such as Loly, DGB is soon to hard fork to update and better the mining algos and a few other parameters to...

dereckmezquita Updated 

Taking some eliot wave theory into account and adding in resistance and support levels we see the following. MACD and RSI are currently slightly on the overbought side, and look as if they will come down in the short term. Eliot wave theory tells us that from the first wave up which started at around the 9000 level we will now go back down to the 10k level which...

dereckmezquita

Everyone needs to calm down, BTC is not crashing again. The correction is over, we are now on the upswing. Why can I say this? Well it's been about a month no scratch that even more than a month since the all time high. Look at the indicators MACD, RSI, both in the neutral zone, recovering! And just take a step back click log, put on heiken ashi, change to the...

dereckmezquita

BTC is now trading above the 200 EMA nicely and approaching the 100 and 50 day. The RSI is above 50 and the MACD is separating more and more. One possible scenario to look out for is the formation of a possible cup and handle on the daily. There is major resistance around and slightly above the 10k mark. This resistance is composed of the 50 EMA the 100 EMA and...

dereckmezquita

ETH is looking rather healthy, the market is in an up turn. Recently BTC has regained some of it's losses, and LTC has popped hard! These market conditions and sentiment allow all alts to grow some. ETH is looking healthy right now. It has broken above it's 50 EMA and is now trading safety above it. The volume is starting to pick up and we can see bigger green...

dereckmezquita Updated 

LTC is HOT RIGHT NOW! Look at the triangle that's formed now, that is definitely a bull flag! Watch the MACD guys same pattern showing up now! The tension is building! RSI is bullish everything is bullish! LITEPAY the catalyst!

dereckmezquita

TOTALLY Hypothetical! DGB has shown a nice curve downwards, this might end up in an enormous cup! I mostly wanted to save this chart to see how it plays out over the next few months. It looks as if DGB is staying on an upward trend-line, very shallow slope. But still positive. Longterm MACD is trying to show some separation. It might just work! Not financial...

dereckmezquita Updated 

DGB has been looking bullish. It's currently slowly climbing up a trend-line. Looks as if whales and others are slowly accumulating. Now it's almost reached a point of resistance. This resistance is the convergence of various points - previous support, the 0,5 fib level. MACD is bouncing around on an uptrend and looking for separation. The RSI however, is...

dereckmezquita Updated 

Hello everyone, I previously posted a chart on BTC and posited that BTC was probably going down. I theorised on the apparition of a possible double top formation. It looks like something like this has happened and BTC was actually stopped right on my line of resistance. I've been telling y'all that's the black line of death right there. It is composed by various...

dereckmezquita Updated 

I previously posted about BTC and a hypothetical double top formation. Now it seems that I might have been correct I was just incorrect on the timing and the scale of the formation. MACD RSI are both looking up, we will go back up and test the resistance. However I still predict that we will not make it over this barrier as it is quiet large! Just take a look at...

dereckmezquita

Looks there's been a new trend-line established. DGB is a great coin, cheap right now. Seems like there are small spikes now and then, this I believe are the whales accumulating this coin. The spikes seem to come back down after the initial upwards movement, but a new floor is set every time. This of course has only happened recently as of late, and we should...