David_Warren_Ellison

David_Warren_Ellison

Early in the trading history of Cosmos, it's unclear to many of us if we should get in now or wait for a breakdown. This chart is an attempt to model what a breakdown or breakout might look like.

David_Warren_Ellison

The fourth installation in the series started in July 2018

David_Warren_Ellison

Last July, I thought that the S&P 500 was headed for a double top right below 2900. I was wrong. The S&P 500 actually surpassed the previous high, busting that bear case. But the December collapse and subsequent Q1 2019 rally has revealed a head and shoulders pattern.

David_Warren_Ellison

This is not supposed to be a prediction of future price action. This is just a side-by-side comparison of two different cycles to see how they track over time going forward. I would be curious to find a chart that goes back to 2011 to compare that cycle as well, or if that was just a sub-cycle of what is known as the 2013 bull run (just as the run-up and crash...

David_Warren_Ellison

An update to the attached idea from early July after the descending wedge busted. A new descending triangle now must be drawn on a larger time frame. Interestingly, this timeframe roughly corresponds to the time frame in 2015 with a major breakout to $500 in the early Fall. Basically, $3000 appears to be the new $200.

David_Warren_Ellison Updated 

Just a small tweak based on the ETF-related pump over the past month overshooting the original target of 8k slightly. Other than the slight overshoot, the pattern analysis has generally held true from July 9 (6700 level - predicting the dump to 6100 and the pump to 8k+ and the collapse back below the trend line). The plan from here is a retest of 8k as...

David_Warren_Ellison

Cardano is in a descending triangle formation with distinctive waves. The sub-triangles have operated as microcosms of the larger triangle suggesting that when the pattern ends, which must be soon, a large move to the upside could occur - perhaps coinciding with Cardano's listing on Coinbase and the expected achievement of key milestones in Fall 2018 that should...

David_Warren_Ellison

Based on the two previous waves and the rising slope of the bottom trend line in place since October 2017, the present price of EOS 7.09 has confirmed itself as a local low with an upside target of 28-29 at the top of the following wave. Given that EOS has maintained a long-term growth trajectory despite the crytpo bear market beginning in December 2017, it is...

David_Warren_Ellison Updated 

Went long from 7000 yesterday, and this was at 7048 at time of creation. The pattern is that after every red weekly candle, the following weekly candle penetrates significantly above the low point of the previous weekly candle at some point - minimum of 6% upside. The larger the % variation of the red candle, the higher potential upside exists in the following...

David_Warren_Ellison Updated 

Eth has taken a beating lately and is now below where it was last June while BTC is still up nearly 4x YoY, and biggest competitors EOS and Stellar are actually positive for 2018 as well as 2017. However, curiously, whenever RSI forms a v shaped low below 36, a rebound of at least 17% - although progressively smaller - has taken place a median two days later....

David_Warren_Ellison

This is a model of the retrace from the dump to 7480. The double bottom at the vicinity of 7500 and the bounce have formed a narrowing channel heading to the first fibonacci level of 0.382 just under 7800. This should be considered a short-term entry for a short or close for longs opened at 7500-7600. After reaching this target, further upside as high as 8k is...

David_Warren_Ellison

Long-term view of S&P 500 activity since QE2 with fibonacci levels noted. Note higher and higher volume near top ... indicating a classic wickoff distribution.

David_Warren_Ellison Updated 

I made this rough sketch on July 9, accurately predicting the dip to 6200 from 6800 and the pump to 8k, and unfortunately, I can't add my refinements to the original chart. There are a number of notes added and more detailed refinements to this one. Orginal Idea:

David_Warren_Ellison

Short term break out from the wedge.

David_Warren_Ellison Updated 

just an update for the other idea.

David_Warren_Ellison Updated 

This roughly follows classic bubble theory and Elliot's Wave pattern, continuing the pattern of a descending triangle down to the 80% retracement level - similar to what happened in 2011 and early 2015.

David_Warren_Ellison Updated 

All the resistance levels for btc.