I have taken a short position here. Good luck Traders. Previous analysis:
Litecoin has given clues to what Bitcoin will do for a long time now. Drive 1: Breakdown from channel support/ 50% Drive 2: Breakdown from 62% Drive 3: Breakdown from 71% Reversal at 79% ? It failed to break out of the Fib channel but hasn't broken down yet completely so it's possible we could see something like this. Previous analysis:
Friends, traders, everyone! As I mentioned previously, Bitcoin has tested this resistance 3 times now and it seems we've finally broken through. I wasn't happy with my previous analysis so I decided to readjust some things. Finally, I am satisfied with this plan . We have a breakout on both the daily and the H4 - Bitcoin looks great right now! Be cautious of...
Hello friends, Traders, everyone...first thing to note, I had last posted a Bitcoin target of $7777. This is still in play! But let's talk more about some realistic, intermediate targets. Bitcoin has repeatedly, shown major strength at crucial intervals. This morning, I was anxious to see Bitcoin to maintain thje $5270 level. I noted that there was a decent...
It's Alt - Season, boys! Fibonacci tells a story once again. Observe, friends that EOS has of course, moved out of it's downtrend and is now following a steady uptrend of progress towards..two targets, 12000 and 15000. I expect a move very soon, as we have just entered the 0.618 fib time zone. Now, let's hope for a similar reaction to what we got from the...
Hello Friends! Sorry for my absence this week, crazy few days. I am happy to be alive! And I am going to focus more effort on improving myself as an analyst and a person. Enough of that, let's see what we've got here! I know, we've got a lot going on here. Well, my previous analysis, while accurate, was a bit hasty. We'll take a look at that below. Overall,...
It's pretty apparent at this point that gold has broken it's downtrend and now looks to the future with bullish intent. Right now, we need to see if this channel is going to hold, meaning gold needs to stay above 1270 to be a buy. Play it by ear, see how it behaves in the coming weeks. Overall I am bullish but I will wait for my chart to give me a better hint...
Hello traders! Let's get right to it! Since my last update, Bitcoin has traded primarily sideways, now at exactly the $5100 mark. I have been looking for possibly a 62% retracement for a buy, but it seems we will not get that. I have revised my chart to consider now, that we have completed a 38% retrace. So basically, I have two plays here. First, we could see a...
Hello friends! Well, we did have some movement in crypto today and yesterday, though obviously nothing terribly conclusive and not what we all had hoped. Unfortunately, even bitcoin "rejecting" 5400 doesn't mean all that much, I'm afraid. At least, on my charts, it's just ranging. Nothing to be gleaned from that other than it hasn't the strength to breakout again,...
Friends, observe here that Litecoin has completed now a 62% Retrace, and seems to be targeting between the 127% - 162% ext between $150 - $170. As I said in my previous analysis, we pulled back to the $80 area which was where I was looking to buy. Now - I expect here, upon breakout of the long term uptrend channel (BLUE) a test of near $150 level. Most likely,...
Having broken from it's bearish trend in early February, Litecoin actually surprised me by being the first clue that the bear market was winding down. Friends, observe here as Litecoin moves through it's 1.618 Fib Time Zone and continues on the path to greatness. With the Big Three looking so good nowadays, it's hard to be in a bad mood! Litecoin has much room...
Greetings friends, traders, analysts. I am titling this analysis Part I because, I have a few different scenarios in mind for Bitcoin here. Now, it's clear that after these crazy past few days, we need some healthy retracement! But, there is no rule that says that has to happen - keep this in mind. The market can, and will, do whatever it wants to - this is...
Friends, Traders, an exciting time lies ahead for Bitcoin. Fibonacci has given us the answers thus far, as seen in my previous analysis in which I gave fair warning of the imminent breakout through Bull's Pass. Where shall we go from here? Follow Bitcoin's journey through Fibonacci channels and see where our path will lead. Check out my previous analysis below,...
Fib channels are beginning to get established with Ethereum Let's see what channels we end up following... It seems to me that ETH is lagging behind, but slow and steady wins the race....?
Friends, Bitcoin is beginning to find it's new rhythm for the upcoming bull run. Ignore all of the noise and the indicators trying to catch tops, bottoms, what have you.... Be like water, friends...the writing is on the wall...I am posting this for reference, Fibonacci is the Key. There is something about the universe we do not understand. But I know that...
Friends, traders,TargetHit, you know I have been long calling for an end to the bear market. There are many things to consider here, many players with their hands in the honeypot. So, what can we do? Technical analysis is your friend. In my last analysis. I called for a massive, violent pump to end the bear market. Observe. Bitcoin has entered a new era. The...
Friends, observe here we have strong Fib Channel support that was previous resistance early 2017 shown here: A breakout here will be violent and impulsive! If this scenario plays out, we can look at testing the top of the fibonacci uptrend channel around $5200 - $5400 If we break down, we will retest the next uptrend support around $2800 and see if we can...
We have fallen out of the fib uptrend, we need to get back into those channels or things will become very bearish very quickly Let's see what happens