sucmabolsac

sucmabolsac

KRAKEN:XBTUSD appears to be in the midst of forming a beautiful ascending triangle. A closer look as we approach the apex.... An inverted head and shoulders can be spotted forming within the ascending triangle. This all looks pretty bullish to me. What do you think?

sucmabolsac

KRAKEN:XBTUSD is looking very promising in what appears to be an ascending triangle. A break above $8300 with volume could trigger a rally to the $9000 regions.

sucmabolsac

Take a look at the potential head and shoulders formation on COINBASE:ZRXUSD . If this plays out, I’ll be looking to enter a short position soon. Target and stop posted. Wait for it.

sucmabolsac

Previously, I detailed a possible bearish flag forming. Although, I have not discarded that possibility, I’m also considering a bullish count, where we are in the 3rd wave of the 5th wave structure. If this is the case, I’ll be looking for a break above wave 1 territory to enter a long position and target a 1.618 fib extension. I have to be patient, and let the...

sucmabolsac Updated 

A bearish flag seems likely to be forming on KRAKEN:ETHUSD . It may be part of a larger ABC correction (wave 4). I’ll be looking for a break below the lower trend line of the bear flag to enter a short position. I’ll target between the 1:1 extension (ABC) and the 50% retracement of wave 3 ... $208 - $213.

sucmabolsac

A clear head and shoulders pattern appears to be forming for KRAKEN:LTCUSD . I’ll be waiting for a break below the neckline to enter a short and target $62 - $64 range with a stop around $92.

sucmabolsac

This is not intended to be financial advice - just my honest opinion of where BTC may be heading based on it's previous motion. ----------------------------------------- The bulls have made some progress. But, they have a lot of work to do if they are going to win the battle against the bears. I still see BTC in a trending downward within a strong channel...

sucmabolsac

This is NOT investment advice - just my personal opinion based on BTC's latest movements. I could be totally wrong. DYOR. On the 45 minute chart, we see a clear descending triangle, in which BTC is moving. I believe BTC will soon break out of this triangle and head towards 9000, where it will bounce. I don't expect a bounce above the bottom of the triangle, as...

sucmabolsac

This is not financial advice - just my personal opinion on BTC's movements and where it might go in the short-term. BTC continues on a downward trend, as expected. It's traveling within a clear channel. I believe we are currently on the 3rd wave of the C pattern. If a 1:1 extension is achieved, we will hit wave 4 and bounce up slightly at @ 8800. Because I'm...

sucmabolsac

This is not financial advice - just my opinion on BTC's movements in the near future. Based on the current downtrend, I believe we will see BTC reach 8500 - 8000 levels before a possible return to a bullish scenario. I am currently riding a short from @ 10200. Please, feel free to comment.