Rotox

Rotox

Why do we chart? If it's as easy as just drawing lines and following trends, we'd all be rich but it's not as easy as that. Bluntly, we chart in the hope of catching information betrayed by the actions of others on the market. If someone get's information to act, then their actions on a large enough scale leave a mark on the market which the rest of us then hope...

Rotox

"On the other hand, if a stock falls but the MACD flattens out and starts to move up, a near-term bottom in the stock is likely." Trendlines are unreliable and sometimes the market can just go straight through in to a sideways continuation. But why waste a chance to post this chart just on the possibility it might go up. T-7 and counting...

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Too good to throwaway, idea just for fun before I clean my chart up again. Neckline needs to be broken DOWN hard to save us from MegaBear. Don't piss off the bear gods :pray:

Rotox Updated 

Decision point for reversal: - Rising Wedge - Overbought Indicators Outlook: Wedge to hold then potential medium term reversal. Wedge to fail, back to business as usual for the longer term bear trend.

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Again, very simple chart with an obvious trend. ICN breaking out after a long down trend. This is a project well worth studying the fundamentals, and critically has not been visited by the P&D gangs meaning less hype more value. Essentially, ICN is an ETH based project where ICN is used as a representative token for the whole project where ICN manage their own...

Rotox

Image is self explanatory, even breaking .02 isn't a guaranteed breakout as seen in the past, but the upward pressure is there over the last year. Think of LTC being seriously undervalued over the years and more falling upwards in it's recent sudden rise to 400$(GDAX). LN and Atomic swaps will make LTC among others exclusive members of the segwit club with BTC as...

Rotox Updated 

To my eyes this is raw power, to stands it's ground in the face of multiple falling markets and to shrug it all off so easily should be as clear and straightforward a signal of intent as you'll ever get in this business. People seem to be watching the LTCUSD charts instead which is pointless imo, of course LTC USD price will erode via BTCUSD...but LTCBTC is the...

Rotox Updated 

I've just noticed this, strong support and a short term resistance forming a triangle to be broken. Given the strength of the support line, if it's broken downward I'll take that as a decision to go short, otherwise holding and staying long even if it breaks through sideways. But in any case, the news seems good in that we will know either way where the trend is...

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ARDR is due to be the base currency on the new NXT 2.0 blockchain. While NXT hasn't been as successful as other alts, it's an established team with a good platform and implementation. In this respect, I'd say less hype and more traction in that the NXT community is established and the platform is solid to date. I bought in on 2017-05-05 at 0.00003977 (Indicated by...

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Just taking a quick look at this after the double bottom seemed to hold from my last idea. With the BTC weekend churn dying down, it looks like we might be ready to go up again. As can be seen from the fibs, and as I've seen in other chart studies on other platforms, this area looks like a good point to break up. Short term targets at the .5(.012235) and .618...

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Publishing this for my own record to see how I'm performing over time. Everything looks like double bottom is on LTCBTC....plenty of chop with BTC but LTC holding well. Wait and see, best of luck.

Rotox

Previously I had complained about the 8$ spike making normal analysis difficult based on it being an outlier that distorts our outlook. Based on statistics, I have a healthy respect for the law of averages which is why regression analysis appeals to me. Using a regression line back to the years low at 1.056, we find that it happened 205 days ago, using this for...

Rotox

LTC is proving a little hard to read these days as the Chinese markets have turned the value of LTC in to more of a game than value based on either its fundamentals which are admittedly weak or it's traditional role of playing second value to BTC. For traders the volatility is a boon, giving greater opportunity in the swings than BTC currently is. With the 8USD...

Rotox

This is being published purely as a what if. Market is decidedly neutral on low volume at the moment so anything might happen. That said however, it's quite hard to ignore a number of supports coming together in the form of a fib, ichi cloud, and channel. IMO, the technicals are in place, the news will decide in the current market.

Rotox

There is a possibility of a bounce again from the 680 levels.....but watch this cross as a danger signal. If bounce, short term longs possible at high risk/cost. Keep in consideration for either new highs or lows in near term. UPDATE 18/12/2013 - We now have a cross and the 200 SMA on the 6hr was destroyed. BTC has now found support at 450 which was a previous...

Rotox

Gox has bounced right off the 50SMA on the 1D chart at 679, assuming this is a short term bottom for a bounce, will try for 50% retrace at 751 or close the trade at 660. Risky, not advised, but definitely interesting.