Crypto-Swing

Crypto-Swing

Well, on top of the completion of the Cup and Handle formation outlined previously, we have now closed out a Reverse Head and Shoulders pattern! Digibyte continues to dance to the crypto tune.

Crypto-Swing

Here we are in the midst of a rebound, wondering if this is a fake out or the real thing. Well Digibyte is dancing to the tune that is playing at the moment and is forming a nice little handle to go with its beautifully deep cup. I'll drink to that!

Crypto-Swing

Just a quick outline of a projection for XLM, seeing the potential for a H&S pattern playing out.

Crypto-Swing Updated 

BINANCE:XLMUSD Looks like its a dip down to at least 0.1885. Maybe lower.

Crypto-Swing

COINBASE:BTCUSD www.patreon.com The long count is over. 8 days from bottom of $6,201 at point 1 on the above chart, to the peak at point 5. Now, another 8 days has completed from the peak at 5 to the bottom at (c), arriving at $6,237. BTCUSD has fulfilled all the criteria of my Elliott Wave correction, and now looks set to begin its climb to $6,823.

Crypto-Swing

BITFINEX:XLMUSD Looks like the correction in XLM will extend down to $0.244, at the 0.618 Fibonacci retracement level. A Head and Shoulders pattern had completed in the last few hours, projecting weakness equivalent to the height of the "head".