BTC seems to following the pattern well. Use the pattern lines as a guide as it is unclear whether we are going to paint a contracting, expanding or regular flat. Sell now, buy at the bottom of the correction, sell again at the top and wait for cheap BTC below 7k. Use opportunities like this to gain more coins, dont just hodl, its not good for your health. :p
Waiting for the correction to complete, break the top then drop.
I think BTC is still in a smaller correction with a possible pop up before we see the drop.
If the pattern has been mapped out correctly, we should now see the start of the impulsive move up. As ever use your own confirmation before jumping into the trade.
Pattern worked out exactly as we expected and completed the last corrective C wave. We will now try and catch the larger impulsive move down.
As price continues its impulsive move up as we mapped out. I am now expecting some kind of correction between zones before we move up.
Waiting for the break below the corrective A wave could be enough correction to complete the ABC for the move up.
Most of the AUD pairs are currently in a corrective move. We need to try and catch the end of the current corrective pattern to find the impulsive move up. The charts are suggesting we are starting the up-move to complete the larger corrective C wave. We can either be patient and catch this move up on the Daily or for all you day traders, you can drop to the...
We finally see the end of the larger ABC move down so I will only be looking for long term longs, any shorts will be mainly traded on the lower timeframes.
Although we are expecting the up-move to present itself, we need to wait for a recognisable bullish pattern to appear on the daily before we can drop down and look for entry on the 4h.
Overall we are in a larger correction (Weekly/monthly) However we have seen the larger B wave complete, so we now expect the larger impulsive C wave to start. Dropping to the lower Daily we have identified the first daily impulse followed by a daily correction we are currently in. We are now hoping to catch the next daily impulse. Impulse - correction - impulse.
Its been a little tricky trying to find patterns and analyse this pair, however, after spending a bit of time testing a few patterns, I believe we have finished (or nearly finished) the down move. I will be opening a long trade on this pair once price has raised and triggered my entry.
Strong bounce from the trendline expected. Targeting a move towards 0.0002 satoshi's
Waiting on a strong bounce on XCP, volume diminishing Keep an eye on the boxed area for a signal to load up.
Still expecting to complete this large WXYXZ Pattern Once we see a completion of this corrective X wave (around the trendline) we can expect a large Z impulsive wave to complete the pattern. Keep an eye on the marked box.
Could REP be ready to move? Keep an eye on a move down to the boxed area before a possible large impulsive move up.
Mobile Go is yet to have any noticeable pump. Looking at the MACD and volume profile it looks like we are in a fairly large ABC correction. Lets wait for the corrective C Wave to finish around the marked box on the chart before jumping in.