In my analysis on the 2 HOUR CHART, price is moving BEARISHLY, forming a Barrier Triangle Ending Diagonal. Price is currently at 1.25498, I forecast that Wave A may move to price 1.23957 which is 100% of Wave A. Then to price 1.23013 which is 1.50% of Wave A. and finally to price 1.22800 which is 1.618% of Wave A. I used the Elliott Wave and Fibonnaci for my...
The market is pure chaos. Tie your emotions with it and you'll be chaotic. Sever the bond, see the up and down ticks for what it is, information.
Bitcoin, Bitcoin, Bitcoin - Looks like you've just broken some some pretty strong resistance there. Right? Maybe, maybe not... A quick glance at the chart reveals a very interesting and significant point to make, BTC is poking it's head out above the top weekly resistance line! This looks superb, the move we've been waiting for, said to happen on or around this...
Price may yield a rather interesting structure - a barrier triangle. For this to materialize, two things need to happen: (1) Price must respect key resistance at 0.6436 and, (2), the formation of wave E in the triangle must not overlap wave C, as this will be the invalidation point if the triangle plays out. We don't yet have a buy setup. Stay out and wait for...
BIAS: BEARISH Technically it looks bearish, fundamentally - 50% 50% Subject to breaking the Wedge and the descending triangle.
Bitcoin is currently resting on an area of confluence support. With Consensus coming up I'd say the next few weeks are going to be quite bullish. With BTC making higher lows and higher highs, the market is looking due for a pump after some consolidation in the 9k area. Once we overcome the mental barrier of 10k, we will most likely head on up to around 12k and...
Barrier Triangle Elliot Wave go short! 1. Wave C never moves beyond the end of wave A, wave D never moves beyond the end of wave B, and wave E never moves beyond the end of wave C.
Monaco is in the lower part of the current trading range. If it rebounds it might break out to the next line. That and some announcements coming in this week will push the price up by 1-2 barriers from the current support line. Monitor Monaco activity next two days, especially if BTC dips tomorrow.
Very likely it will bounce again on the first support and rise about 6%, then it could continue to bounce for some time or break through that second and maybe third layer.