OKLO is showing a potential bullish squeeze waiting to fire on the 195 minute chart (two price bars per day). Look for the momentum histogram bars to start moving upward for an early indication of the bullish move up.
GME is showing a squeeze waiting to fire on the 15-minute chart, with propulsion dots showing as well to support a bullish breakout. Look for price to move upward and the squeeze momentum histogram bars to turn green for an early sign.
Propulsion dots (in pink) forming below the candles on SLV, with a 30 minute squeeze waiting to fire long. Look for the momentum histogram bars to turn up for an early indication on price movement upwards.
Silver smashing through multiple DARVAS levels on the weekly with momentum swinging upwards. If you need more reason to buy, I don't know what to tell you. Wave 3 up ladies and gents. Next stop $100.
Parabolic SAR dots are showing bullish on the one week and green, red, and blue bars (Grab bars) are showing green on the weekly, therefore I am looking for a buy signal on the lower timeframes like the one hour for a buying opportunity.
The Russel 2000 has broken through a long standing Darvas Box resistance level (yellow horizontal line) on the Weekly chart. This has formed a rectangle base in the Russel 2000 with a 23% gain price target , calculated with a 1 to 1 upward move from the top of the Darvas Box resistance level to new highs on the Russel 2000. This is not investment advice.
Tezos (XTZ) is in a potential Wave 3 up move off the low it made a while back. The wave 2 pullback was nicely contained and now momentum on the daily chart looks primed to pop upward.
My price target for Silver is a conservative 1.62 * P1 extension, at $106.
Bitcoin price has reached the 61.8% retrace of the wave P3 move. This level is a good candidate for the end of the Primary 4 (P4) wave pullback that is currently taking place. Will add more commentary about this idea tomorrow, hopefully.
After an impressive move higher today, Bitcoin has found the top of wave iii of (3) at 17171 on Bitfinex. There was quite a bit of divergence between GDAX, Bitstamp and Bitfinex today, so it's difficult to estimate where wave iv of (3) will retrace. Regardless, I have a target for wave iv of (3) between the 23% and 50% retrace of the wave iii move. These retrace...
Here is a rough outline of my current Elliott Wave count for Bitcoin on a smaller timeframe. Currently in Minute wave (3) of Minor 5. For the longer time frame count, please check the linked chart for my Daily timeframe count.
For full commentary and details of smaller timeframe counts, please refer to my blog post at the link below. cryptowaves.com
For full commentary, please see my recent blog post: cryptowaves.com
For full text on the count, please see the post on my blog. cryptowaves.com
Please see my blog post for full commentary. cryptowaves.com
Quick Daily chart update, with the decisive move above the wave 1 - high, Bitcoin price is currently in wave 3 - move.
Refer to my blog, linked below, for full commentary on the count update. cryptowaves.com
I haven't posted an update in a while. Here's a quick teaser of my review of the wave count. Please check back tomorrow for full commentary on my website. For now, the text on the chart outlines my current thinking. Buy the dip once it dips more, essentially.