mycotoxin

mycotoxin

The current BTC volume and RSI setup looks very intriguing and matches the characteristics of one of the following patterns below a) Falling Broadening wedge b) Right Angled Broadening wedge My analysis would suggest that depending on the corresponding wedge pattern chosen ( i.e either pattern 'a' or pattern 'b') BTC may experience a capitulation and move back...

mycotoxin

The target for the head and shoulders as detailed in the Oct 3rd chart below is $38k, and It looks to me that the target has been reached. Perhaps BTC can push slightly higher to just above 38K; however my thought is to proceed with caution at this current zone as there could be a pullback.

mycotoxin Updated 

Alts are here to Stay !! Hence better scoop up some favorite projects for the long haul while they're bargain priced .

mycotoxin

Ascending triangle with target at 84.00. Note this is not a requirement however its been observed that occasionally the ascending triangle will often come back down and test the breakout point . In the current setup the breakout area is situated at 28. Should the breakout area be retested we can observe movement back to the 28.00 area before the uptrend...

mycotoxin

This looks like a head and shoulders reversal to the upside with a target of 38k

mycotoxin Updated 

On the 3 week chart when the candles are switched off and only the MA13/30 crossover remains it acts a predictor of bullish movement . For example a look a the areas marked 'A' and 'B' show that when the MA13 ( White line) crosses over the MA30 (blue line) there is a bull run. when the candles are enabled the graph looks like this what could this mean...

mycotoxin Updated 

if this is a price distribution and price is going to continue to lower then id expect one more test in the trading range before BTC heads lower lower. The trading range is the area between 30822 and 25571 and I suspect BTC is going to attempt to reach the middle of the range which is the area around 28079. If the test is unsuccessful and BTC fails to...

mycotoxin

The support at 25100 is an area of strong support. If BTC is to experience a bounce near-term this area is where id expect the bounce to take place. if BTC successfully bounces at 25100 the next challenge is to close above the MA200 on the daily which sits at 27400 . A safe plan is probably to wait for a close above the MA200 at 27400 before entering a long...

mycotoxin

This could be a a beartrap playing out ? Why ? -------- Because the target for the Ascending Expanding Wedge is the distance measure between points A and B on the chart . This target distance should be the area between 28200 and 27924; Hence I would expect BTC should bounce here or at the maximum at the 27924 area. What if BTC cant bounce here at the...

mycotoxin Updated 

The target for an 'ascending Expanding wedge" is the distance from highest point inside the pattern to the lowest point. in this case this measurement will give a target of 28261. However BTC has only hit 28600.....so what gives ? One explanation could be because if we turn on the Daily moving averages it shows BTC bounced at the MA150 which acted as...

mycotoxin

if the wyckoff phases are applied then LTC appears to be in phase C and the next move up should be to test the AR (Automatic Reaction ) area at around the 140 to 150 zone

mycotoxin Updated 

looks to me like an ascending expanding wedge with with a possible move to 28k

mycotoxin

July 4th falls on a Tuesday next week and most US financial institutions may take half of next week off to celebrate the US Independence day. This could result in a move lower to the 28k or 27k area before price recovers...something similar to the ideas explained in the chart below

mycotoxin

XLM has formed a ascending triangle and appears to be targeting the top of the range once more at .1169 A break above and successful retest of the top at .1169 will open a path for further movement to .199

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Since DEC 2018 BCH has been below the Monthly MA30 and consistently failed to close above it . Currently BCH is attempting a break of the monthly MA30 and there are 4 days left on the monthly candle. Can BCH close above the monthly MA30 ? This is a challenging question to answer; However a successful close above the MA30 will pave the way for a move...

mycotoxin

Doge has formed a descending triangle and tested the bottom of the trading range at 0.054. Id expect an impulsive move back up to test the first area of resistance at 0.12 followed by 0.15 But what if Doge is unable to move to the top of the range at 0.1249 ? ------------------------------------------------------------------------- .....Then id expect upwards...

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Profiler shows a "fresh air zone" between 37740 and 32425. These are areas where price moved by rapidly and created no support or resistance . This also means that going the opposite way ( i.E upwards) there is also not much resistance . There is also a CME gapfill within this area at 35k and I suspect CME may move price upwards and close this gap.

mycotoxin

The Two day shows the following interesting setup a) BTC has pushed to the top of the trading range at the 30500 area. b) The MA13 /30 have crossed bullishly on the 2D chart . c) The last candle on the 2D chart is an extremely bullish candle . d) The large Bullish candle has supporting volume at the bottom of the chart and all is congruent , Considering...