frischman

frischman

The Long Term Trend line has crept up and will cross $20,000 at some point later this summer or early fall which ($20K) coincides with the 2017/18 High. I don't believe we will trade for any length of time at $20K but there will certainly be a wick down to that level to retest that previous ATH. Do you agree?

frischman

BTC has quickly become rangebound in a downtrending channel. We are current near the high of that channel with the Stochastic RSI highly overbought. Also, Volume confirms prices, Green volume is low, Red volume is tremendous. Next Target $31,500

frischman

This is so obvious but no one was it, was talking about it, or wanted to admit it last week/month but this is such a clear head and shoulders pattern (ignore the lumpy head in the middle), breakdown through the shoulders and I believe the retest actually came in the 1-3 days following the break and we aren't waiting for a retest now. There are 2 Long Term trend...

frischman

ADA has finally broken the upper channel after 88 days in that channel. Every move seems to be followed by a period of sideways action of 7-14 days and I suspect we are in the beginning of one of those now although now we are above the channel and will be testing that trend line. The next week will give MACD and RSI time to get a little more 'Long...

frischman

Last post on this was April 28th and I was looking at either a $420 LTC or a $370 (channel midpoint) which was hit this AM/yesterday. 11 days. LTC is acting as expected and staying within the channel. RSI is in overbought territory and MACD has turned light green so we are gearing up for a pullback. These half waves run 10-12 days for LTC so the question now...

frischman

ETH has been trending up but within the channel. This pull back will be quick (less than a week) and to the 2430 range. 1. ETH has bounced off the top of the channel 3 times and is currently sitting at/near that top. 2. RSI is nearing overbought and even if it isn't overbought, how much upside pressure is there near the top of the channel. 3. MACD is also...

frischman

LTC bounced off the top of the channel twice and then the mid point of the channel twice. The mid point seems to be providing some resistance now to getting back to the top. Each bounce off the high point takes between 30-40 days. 30 days from the last peak (April 17) is May 17th, follow the channel at you have a $420-$430 price for LTC. If you strictly...