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Cryptocurrency

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    Why specifically end of May/June. What will happen do you believe around this time?
    The proud owner of 125 Xeno Geek Points

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      ETH could do with some love - my portfolio is quite ETH heavy... Maybe the 1h wedge/pre-breakout pattern will come good...
      "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

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        Originally posted by Jog On View Post
        ETH could do with some love - my portfolio is quite ETH heavy... Maybe the 1h wedge/pre-breakout pattern will come good...
        BTC or USD?

        BTC chart not looking good
        Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

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          Originally posted by Jog On View Post
          ETH could do with some love - my portfolio is quite ETH heavy... Maybe the 1h wedge/pre-breakout pattern will come good...
          I'd say the ETHBTC chart is looking like it will double bottom at the end of April at about 0.024BTC.
          On the 1H it's hard to tell if we have a wedge or a triangle forming. Both should go in opposite directions.
          Gut feeling is we're heading here
          Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

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            Originally posted by VirtualMonkey View Post
            BTC or USD?

            BTC chart not looking good
            USD - 1h wedge formation, on my MT4 (GKFX) phone app anyway. Could just be a corrective move but the angle of the wedge looks like it might want to break out.
            "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

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              Originally posted by Jog On View Post
              USD - 1h wedge formation, on my MT4 (GKFX) phone app anyway. Could just be a corrective move but the angle of the wedge looks like it might want to break out.
              1H ETHUSD looks like its formed a pennant, which is usually a continuation of the trend so I would expect a move upwards that equals the height from the bottom to the top of the pennant...up to about $644. Need to break the 55 EMA though...which we're currently at.
              EDIT:
              Looks like the MACD on the 1H is turning up as well so good for bullish movement
              Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

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                Originally posted by chef View Post
                Why specifically end of May/June. What will happen do you believe around this time?
                Crypto consensus conference 2018 from May 14-18th in New York.

                I expect Alt-coins to rally before this event like they did last year and bticoin to rally afterwards (at which point alts will dip as they always do when BTC rallies).
                "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                Comment


                  Originally posted by scooterscot View Post
                  Crypto consensus conference 2018 from May 14-18th in New York.

                  I expect Alt-coins to rally before this event like they did last year and bticoin to rally afterwards (at which point alts will dip as they always do when BTC rallies).
                  So...sell after the alt rally and before the BTC rally. Sounds like a plan.
                  Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.

                  Comment


                    Originally posted by VirtualMonkey View Post
                    So...sell after the alt rally and before the BTC rally. Sounds like a plan.
                    I will set profit targets on alts
                    "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

                    Comment


                      Originally posted by Jog On View Post
                      I will set profit targets on alts
                      I've gone for printing out graphs on A3 and sticking them up on the wall with the buy in level clearly marked.
                      "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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