raifniall

raifniall

Bitcoin is being troublesome! I spotted this potential pattern playing out, let me know what you think. So, the pattern is known as an ascending broadening wedge. It is typically bearish. We can see that the previous test of the up channel was a wedge of this form; if this wedge is valid, it will take us out of the channel. However, if that *does* occur, then...

raifniall

A while ago, I suggested that LTC would go back down to 80-120. 'Madness!' I thought. But that is what the chart said. The chart is still playing out that way, so I remain short in the mid term. However, I expect us to kiss the top of the flag before we head down. It may not be as aggressive as the last time this happened. Once it does, I expect LTC to hit the...

raifniall Updated 

The big day is here! The patient amongst you will be in accumulation mode. I think, however, that we need to correct a little more. We aren't in sufficiently oversold conditions, to my mind, and we could do with another round of shake out panic. Best of luck :)

raifniall Updated 

NXT has seen an enormous pump, followed by a healthy crash. We are currently at the .786 fib. We need to see a nice bounce of the resistance, but if we do then we could be in for a nice run. Wait for it. Comments/tips welcome. Good luck, stay profitable.

raifniall Updated 

BCH pennant on the one day. If the previous two pumps were wave 1 and 2, then we could see a nice big impulsive 3 wave. We have to keep an eye out for breaks in the pennant. What are your thoughts: bullish or bearish?

raifniall Updated 

Everyone is flipping bullish. For what it's worth, I still think we are in for another round. If you look at last year's crash, you will see an extremely similar pattern forming. If we break out past 14500 strong with high volume, the formation is invalid. Long term, I am extremely bullish on BTC. Good luck :)

raifniall Updated 

Long time, I am extremely bullish on Litecoin. However, I believe we need a correction before the next leg up. Over the next few months, I would not be surprised if we get down to the buy zone. Any comments/tips, please share. Good Luck! Stay Profitable

raifniall

We have been waiting for this correction for a long time now. Sales are on folks! The time to accumulate is, in my opinion, still to come. I would guess that we need to wait for greater oversold conditions. If the Elliot wave count is correct, that will take us to 120-150 USDT for LTC. Good luck :)

raifniall

The chart above suggests that BTC has hit a bottom, for now at least. We could easily see a five wave, followed by a deeper retracement. In fact, this would be a healthy thing right now. But we could flip super bullish - this I crypto after all. For what it is worth: I am 60/40 lower/higher. We could dip deeper in the short term, but it appears unlikely....

raifniall Updated 

I see the following two possibilities on XRP. 1. We have finished the ABC retracement, and have now begun the third wave to $1.5-1.6. 2. We have *not* finished the ABC retracement, and will hit 0.7-0.8 before the next leg up. The retracement would be lower than usual, but with BTC + the alts dumping, it wouldn't surprise me if we saw a lower retracement than...

raifniall

XRP paper trade