malloofiscoofis

malloofiscoofis

target short: 6400- 50w ma and horizontal support level

malloofiscoofis

Bitcoin throughout the past year has time and time again led the altcoin market. I represent the altcoin market with ETH. My chart is comparing the recent bear market of BTC to ETH. The charts shape look identical, but look at the x axis for time. ETH is about 30 days behind BTC on each defined peak/trough. I project its likely that ETH continues to follow BTC's...

malloofiscoofis

Bitcoin is currently in a large pennant. 2 major horizontal resistance shown in orange. MACD neutral.

malloofiscoofis

My crypto index (market cap of top 10 coins added together) has revealed a double top formation. I am hope full that the double top pattern does not play out, and the index is testing the resistance level in anticipation of breaking it. Post fork, if alt coins rally, expect the resistance level to be broken. Watching closely...

malloofiscoofis

Very simple but important chart. For a reversal to take place: -BTC needs to break above the downward sloping resistance line. BTC is currently testing the resistance level. -BTC needs a MACD bullish cross. The lines are tightening, very likely. -50 EMA and 20 EMA kiss, not cross. BTC represents the rest of the market...If a trend reversal happens on BTC daily...

malloofiscoofis

BTC is in retracement mode due to the China FUD, Dimon remarks, and other bearish publications labeling BTC "overcrowded" and in a "bubble"...Lets break down the technicals Downward channel- Price is currently in the low half of the channel, expect an upswing to the top half during correction wave "B" Elliot Waves -Currently on Impulse Wave "4". Wave "5" upward...

malloofiscoofis

MACD bearish cross and negative momentum. Current down wave to 4 (Elliot Waves).

malloofiscoofis Updated 

I created an index of the top 10 cryptos market cap combined. Healthy retracement on SEP 2 seems to have found a bottom at support levels. Expect some consolidation in the orange rectangle and a breakout soon after. Blue rectangle is support. Oscillators look good, MACD tightening and RSI bouncing off the oversold lows.

malloofiscoofis

China news is hurting the crypto market BAD. I resorted back to my crypto index of only 4 coins because it provides more context by discluding BCH. Past peaks now provide support and they often coincide with fibbonaci levels. Expect these levels to be where the bleeding ends or settles before starting another leg down. MACD bearish cross and RSI signaling...

malloofiscoofis

Title says it all. Very Bullish.

malloofiscoofis Updated 

I created an index of the top ten cryptos. The current level is a likely spot where today's retracement could end. The blue rectangle is support, the orange rectangle is the expected trading range before an uptrend resumes. RSI oversold, Stoch RSI upswing due, and MACD tightening.

malloofiscoofis

Bitcoin is retesting the top of a channel that has been in place for several years. The channel is apparent on the log chart, and was broken out of during the bubble of '13. Short term I expect more potential retracing, long term (next couple of months)I predict a similar bubble to '13 forms in the fall of '17 (due to recent attention and hype in the US). After...

malloofiscoofis

Large coil flag continuation pattern on OMG price chart and squeeze indicator. Stoch RSI signalling for an up cycle. Expect OMG explosion over the next couple of days.

malloofiscoofis

An update on my crypto index~ We are headed for some resistance, exemplified through Fib levels, MACD cross, and Momentum shadows. The index kissed the resistance level once, I expect a retest and then a retracement. Just some consolidation, long term trend is still up :)

malloofiscoofis

The index broke out of a negative channel. Huge reversal indication. The bear market has ended and a bottom was found on my previous publish at the 61.8% line. Initial Coin Offering disaster is waning and the BTC fork fears seem to have been resolved until November. I expect some healthy growth and consolidation over the next 2 weeks. RSI looks good, expect ATH'S...

malloofiscoofis

Crypto index has bounced off of the 61.8% level. Looking for support around the 100 day MA.

malloofiscoofis Updated 

There is a coil pattern forming (descending volume, triangle formation), which is considered a continuation pattern. The past 30 days has been bearish, and I expect this coil to extend the bearish trend. Also, the index has been testing the 23.6% fibb level for the past 2 weeks, and has failed to successfully establish itself in the red range(23.6%-0%...

malloofiscoofis Updated 

Created an index of the top 5 crypto currencies. The index shows a divergence between the RSI and price trend. I would never suggest shorting cryptos, but we may be in for a bumpy ride.