massimoanile

massimoanile

scale is all whack because soon you'll need to adjust the angle to this when the big green candle comes in. looking for 50%, in time.

massimoanile

The 200day simple moving average has proven to be a leading indicator above all else for Bitcoin's bull cycles. Pay attention to previous activity over 6 years and observe price correlation around this simple moving average. The reason price respected and stayed above the 200day SMA is unknown, but as a imperialist, I must honour it. Another indicator to note is...

massimoanile

Litecoin is showing a complex, slanted inverse head and shoulders, along with Bitcoin and selected altcoins. Trade set up is easy here. Targets should swing for the fences.

massimoanile

No time to explain

massimoanile

Disappointing action on Litecoin. It seems like there is a market maker bias to the downside. The price action has been strange, where we're usually accustomed to LTC having high beta to BTC. Typically, if BTC is up, Litecoin is up and vice versa. The new dynamic is worrying. $228 is a weekly candle close support to pay attention to, but more locally on the 4h,...

massimoanile

I think it's fair to say Litecoin has had an amazing little run. it has plenty to go. Patience is rewarded. Check out some of my older bullish Litecoin posts, of which you can expect more of across all asset classes. There's no messing around when I post set ups.

massimoanile

If you want a good description of why I'm taking this trade, pay me.

massimoanile

To say the least, this is certainly not an area for a low risk high reward opportunity. Ethereum has a long way it could pull back. My position is long-hedged for now. I will provide updates.

massimoanile Updated 

don't want to get into specifics but Neo and Zcash are showing huge amounts of accumulation at an ice line.

massimoanile

idea description is required

massimoanile

No time to explain. Target is at least $200. Get in the van.

massimoanile Updated 

Following up on yet again another Litecoin post. I spoke about a value area on LTC, whereby if it could break $145, the 'Party is On' (see previous post). Not only has LTC broken $145; a major weekly resistance, it has tested it as support on the more local 4h inverse Head and Shoulders neckline. If we remain above $145 with conviction, expect more gains. My price...

massimoanile Updated 

When market conditions are bullish across one asset class, it's natural for certain assets in that class to outperform others. If the semiconductor class was doing well, you wouldn't expect NVIDIA to be up exactly the same percentage gain as INTEL. When one outperforms the other, the market usually tends to find value in the under performer with the logic being...

massimoanile

It's make or break on Ethereum. The structure created was an ascending triangle, butting up against all time high resistance. It certainly is not a value area to be buying. Ethereum is running out of room, and currently dropping below the ascending triangle demand line, although minor. A trader may play the measured move up or down. Probably the best play is to...

massimoanile

The bearish pennant on BTC broke down (dotted blue trend lines) and then a rally occurred, only to back-test the structure as resistance. Weekly RSI is still somewhat high, but it wouldn't be surprising if BTC broke below 30k. Lots of chop to come, in the short time frame. This price action is not favorable for bulls. No opportunity exists as of now. I lean...

massimoanile Updated 

Everything is fine as long as Bitcoin can hold above 30,000. My last post was a short from 36,400, down to the 28,000 area, whereby you now do not want to fall below. There may be a fair amount of chop here before the weekly candle close on Monday. I expect immediate price action on the new weekly candle, specifically if 30k is held. The oscillators are showing...

massimoanile Updated 

Weekly RSI: ~86 Consider that many BTC triangles in a 4h structure play to the downside (observable). That's not making any suggestions on what will happen next. Also consider that the RSI isn't the end game indicator. Do consider, that these larger neutral patterns often act as reversals, especially after a considerate run to the upside, investors are looking...

massimoanile Updated 

I was screaming to buy LTC at $73, becaue there was value. There is still value on LTC. BTC achieved 2x its previous all time high, while litecoin is yet to reach half its respective high of ~ $400. However, that thinking alone won't make you money. LTC is still a value buy for other reasons. Namely, as far as the 4h goes, LTC is holding the 200ema and bullishly...