🎯QTUM hit R1 for 12% profit after the chart was shared here

Now coming down again. Until the Support Cluster is intact, the bias on this coin is bullish

August 11, 2019 CME Gap got filled recently! It took almost 1 year

📍Now there is only one CME Gap left: 9925-9645
It will be filled one day, but obviously not tomorrow. It will take some time

I think that BTC dipping into 9925-9645 area will be a great buying opportunity in the long run

Bitcoin’s realized price exceeds 6k for the first time!

BTC realized price is the value of all coins in circulation at the price they last moved, in other words an approximation of what the entire market paid for their coins

📎
Market Cap = each bitcoin in circulation is multiplied by the current price

Realized Cap = each bitcoin in circulation is multiplied by the price at the time it last moved

Realized Price = realized cap / circulating supply

NWC reached my parabolic target! 🎯

Profit 48% from the bounce area

Now we have the S/R Level 2. It is a strong horizontal that will likely bounce the price if it dips there on the first try

EMA21 is going up sharply and soon will be at S/R Level 2. It will take a while for EMA50 to get there, but it’s headed towards it

I do not rule out a small correlation, but if it happens, it will be an opportunity to buy the dip and ride it on another leg up

We are not even close to the hype that Bitcoin had in late 2017, but we are already above 11k!

Imagine what price BTC will be at when the retail FOMO like in the second half of 2017 begins

📊 According to data from Google Trends, worldwide interest in the term “buy Bitcoin” has been steadily increasing over the past 12 months period!

💡This is very similar to what we had in late 2016-early 2017 before the massive bull run

Looks like BTC is printing a bullish re-accumulation formation - Bullish Pennant at the topside resistance from the weekly timeframe

And seems like we had the same formation in May 2019

💡Just compare these two market structures and you will find out that they look very similar:

Same rejection by 0.236 Fib in both cases, same Flash Crash after a higher high (2)

And on the whole, the Fib levels have been pretty much respected by both pieces of price action

📍No major reversal until 11k is broken, but going below 0.236 Fib (11.4k) on the closing basis would be concerning for the bulls

BTC

We’ve got the Highest Weekly Close since January 2018!

💭I think overall we are gearing up for 1.618 Fib (13.7k) extension

📍CME Gap got filled on the flash crash!

BTC update

This BTC flash crash didn’t cause much damage to the bullish picture

All it did so far is just filled a small CME Gap that happened over the weekend

💡As of right now I view this flash crash only as a scam wick down to stop out over leveraged longs. The funding was too high to go straight up

⚠️ Going below 0.236 Fib (11.4k) on the closing basis will invalidate the bullish picture

PPT/BTC chart on the weekly scale looks very promising as we approach the apex of this Huge Falling Wedge

Bull div on the RSI present. Should break out soon

🎯 Breakout targets on the chart

BTC update

Yesterday the price of Bitcoin crashed by over $700 which resulted into a breakdown of the rising Trendline 1

However, we had a good reaction at the 0.236 Fib level with multiple long wicks going below it

👉The fact that we are still creating higher lows is bullish

As long as BTC is holding the supporting Trendline 2 we have good chances to see a gradual moving to 12k. Break it down, next support is Trendline 3

🐻 BTC will be bearish below 0.382 Fib, because in this case a strong horizontal support level will be broken & the sequence of higher lows will be interrupted

To put 13k+ target back on the table we need to see a return back to the flat top (12k) of a potential ascending triangle

WAVES update

WAVES did exactly what I expected! It got rejected by the resistance and came all the way down to the long term MA (EMA200), bounced off of it, touched the resistance and broke through it!

As I said back then, breaking through the resistance was a matter of time

🎯 First target reached! Profit 33%

WPR update

WPR got rejected by the Resistance 1 and dumped below EMA200 & MA200, but the rising support trendline held up the price

Now again above the major MAs gearing up for a pump📈

🚀🎯 WAVES hit the second target! Profit 70%

Congratulations to those who followed!

STORJ is printing the same pattern as ADA & QSP before they launched 🚀

Resistance 1 was broken yesterday and today we are trying to break through the Resistance 2

💡Very soon we’ll break above it and head towards Resistance 3 and beyond

NWC is unstoppable beast!

It dipped right into the area I pointed out in previous update and took off after that!

🎯Target move was 34% profit, we reached it swiftly and skyrocketed far beyond! Right now it’s 181% up and I think it’s not the end, there is some gas left in the tank. Small retrace is a great option to enter into the position

Buying more (KuCoin & HitBTC) in expectation of 20-30% gain from here

ETH update

Back in February I published a pretty bold idea on ETHUSD calling for $800 Ethereum price

We had good chances to break the Major S/R Level at that time, but the Black Swan spoiled the party

What’s interesting is that the bottom of the upward channel perfectly supported the price during the notorious March crash

Now we see that a higher high was created and we are approaching a Resistance Cluster - 0.618 Fib + the top of the channel

💡It will be hard to break through it right now (more likely we’ll see a retrace to the S/R level before a breakout), but if we do, next target is the next Fib level at $770

Long term picture on LTC looks quite promising

Huge Falling Wedge on 2-Week scale. MACD crossed to the upside, histogram turned green

🎯 EMA21 is the short-term target, but I think LTC will fly if we break above it

🎯 WPR reached the first target for 20% profit

More to come