Goodbye 2017, and welcome 2018
It looks like the Christmas market doldrums do not enter the CC space. Bots push and pull hard 24 by 7.
This is my last market update for 2017 and the targets shown here are valid until the 10th of January 2018.
BTC
Since my last update, BTC as the CC benchmark hasn't done much except it now firmly sits below 13 and 34 days WMAs and once we have a daily close below $13875 the price should continue to 89 days WMA with possible slight overshoots. Or in absolute terms to $10590 - $11730 where I expect BTC to find support.
https://www.mql5.com/en/charts/8106236/btcusd-d1-simplefx-ltd
Other main ALT CCs (except for XRP) are in the positive correlation with Bitcoin and don't need much of a talk. Their break out levels and targets are on the respective charts.
BCH
https://www.mql5.com/en/charts/8106242/bchusd-d1-simplefx-ltd
DASH
https://www.mql5.com/en/charts/8106250/dash-d1-ava-trade-ltd
ETC
https://www.mql5.com/en/charts/8106244/etcusd-d1-simplefx-ltd
ETH
https://www.mql5.com/en/charts/8106246/ethusd-d1-simplefx-ltd
LTC
https://www.mql5.com/en/charts/8106247/ltcusd-d1-simplefx-ltd
NEO
https://www.mql5.com/en/charts/8106253/neousd-d1-ava-trade-ltd
XRP
Is ridiculously overstretched to the upside and I don't have a single lower close before ever increasing higher highs to project its up targets. However, having displayed a negative correlation to BTC I expect it to fall hard when the rest of CC market will be on the rise.
https://www.mql5.com/en/charts/8106258/xrpusd-d1-simplefx-ltd
Thank you srezz... best wishes for the new year. Always grateful for your input and updates.
is the 89 day WMA missing on the Neo chart? thanks srezz!
It is. Because there is not enough data.
Thank you so much srezz!
Thank you Srezz, since we touched below 13875 and currently trading at 13900, do you think there are more chances for touching the 89 WMA ?
Is it not what I'm saying in my market update? BTW what is your data feed?
I was referring to GDAX data.
Thanks for the update srezz. So if I understand this correctly for ETH, if ETH closes below $695, you're expecting it to drop to $581-$609 where you expect it will find support. Appreciate your help as always. Have yourself a happy new year.
Correct. You have a wonderful NY too.
Thank you srezz. It has been a wonderful journey following your posts and I have learned a lot from you. Just a token of appreciation for the closing of 2017 I have sent 0.2 Ether to you just now. All the best to you and your family in 2018 and look forward to your new posts...
Thank you very much! All the best for you and your family in 2018 too!
Thank you for the TA srezz !
Looks like the first support target has been hit and we see a bouce now, any thoughts on min level this bounce should bring us to?
Half of the move.
Thanks as always for the update @srezz. Very happy to see some my targets confirmed by your analysis.
Happy New Year!
All the best and cheers to a strong start to 2018!
Also, lol on your pun. 2017 was a very goodbuy.
Thank you for spotting. Isn't that called a Freudian slip?
Hey Srezz , any market updates ? Still too early?
Hello lilwannabe, i’m not a professional at this but I have been following Srezz for several months now. my understanding of the charts you’re looking at is as follows. Currently an update is not needed, the charts are valid until the 10th of January as stated above. If you look at the horizontal solid red and blue lines they have numbers attached to them. Those numbers are the “trigger” levels. If the coin has a daily close above or below these numbers it will most likely go to the horizontal dotted lines. In the case of bit coin it has been fluctuating between these two prices around 13,000 and 15,000.
Hindsight is 2020 but you could have, for the past week played the volatility between these two numbers. So until bitcoin chooses its direction it will continue to balance between these numbers. if you see that bitcoin stays above or below the indicated prices then you should be able to place your bet.
As with anything in life, information and content is usually always in front of you. it’s your interpretation and study of it, that shows intelligence and if you can Gain the desired result from that data you’ll show wisdom.
GL
At this point just throw a dart at the board. everything’s going up.
Less you can stare in front of that screen 24 seven, try to diversify.
Thank you bsbeers , very clear
Happy New Year, I sent a modest donation of ETH. Thanks for the good advice this past year.
size, in this case, doesn't matter. Thanks a lot!