KondrackiKarl

KondrackiKarl Updated 

The rejection from $9400 has shown a continuation to the bearish trend. The 42% move had many thinking the correction has ended when it was only an X leg of a Triple combination WXYXZ Potential target of $5500 in Feb 2020 using Log scale

KondrackiKarl Updated 

If Bitcoin cant get a solid foundation above $9400 then its possible we could see price fall down to $5450 or possibly even $4200. If the price falls below $7450 then expect a long downward push Bullish as soon as we break through the (smaller) descending channel

KondrackiKarl Updated 

Looks like Bitcoin found the end of its correction. Wave 3 target $25k by march 2021 Busy market so Ill give a more detailed analysis soon. BTW Called $7250 as a bottom back in July so pretty proud of that [imagehttps://www.tradingview.com/x/2EpV3u0I/

KondrackiKarl Updated 

Silver has gained about 1000% in about 8 years from $4 in 2003 to about just under $50 in 2011. From there Silver retraced 78.6% to about $13.80. The current recovery has seen a near 40% gain. Current estimate is that Silver will reach close to $23 by tax time 2020 and then reach further to about $27 in the beginning of 2021.

KondrackiKarl

I wanted to create a Wyckoff and Elliott wave based description of the current correction that has been lasting nearly 3 months now. During the beginning of the correction we have seen a Three Falling Peaks pattern which created a strong supply line. Three falling peaks acts as a reversal at the end of an uptrend. The strong supply line created by the 3FP's has...

KondrackiKarl Updated 

I know I should have posted this days ago... on twitter I have a post the day before saying prepare for a drop. This is my estimate for the next 2 months

KondrackiKarl Updated 

Hello. Current estimate for the end of the Zig Zag playing out in a combination (Flat with failed B leg, any three, zig zag, potential wxyxz) The Flat having a failed B leg created a Falling Three Peaks

KondrackiKarl Updated 

Looks to me like we are finishing up the Any Three X leg of a WXY. Thinking we will see a Zig Zag rapidly dropping us to $7250 Falling Three Peaks playing out. Channel holding strong. Estimating next Third Impulse up begins August 26th Estimate established early July

KondrackiKarl Updated 

Full idea described in thread here

KondrackiKarl Updated 

Hello. Have been studying, learning and viewing the charts. Hoping to share this idea as a current view of the market from a student. Feeling that the run from $3000 to $13800 may have found exhaustion. If we break above the 50 ema on the hourly chart around $11600 then I think it is possible that we are finishing a triangle in sub wave 4 before the last...

KondrackiKarl Updated 

Looks to me like we are in a complex compression. Originally I thought we finished a double three (Flat - ZZ - contracting triangle) but after the latest upthrust I feel as if we are in a more complex pattern. Thinking we are on our way down to $10k to finish a flat before going 3 up and then working our way below $9k with a zig zag either in a more complex WXY...

KondrackiKarl Updated 

Looks like we have formed a flat top rising bottom pennant. From what i am reading is Absorption at higher level reaccumulation stepping stone with shakeout Estimating that we are entering Phase D and we will soon see a mark up that will test resistance levels

KondrackiKarl Updated 

Estimating that we are in Phase D of reaccumilation stepping stone and that we could fall back to the level where we jumped the creek (broke previous demand line) before a sign of strength and a mark up.

KondrackiKarl

Gold has been in a long term down trend which seems to be ending in a bullish change of charector.

KondrackiKarl Updated 

Estimating Gold just had a failed Spring and will have a nice Sign of Strength as I believe we are in phase C of reaccumilation

KondrackiKarl Updated 

Trying out Wyckoff method and thinking Litecoin might be in Reaccumilation

KondrackiKarl

With the Litecoin block rewards halving in August I expect a nice rally until then before seeing exhaustion. Thinking we will pull back towards $90 before continuing to about $175-185

KondrackiKarl Updated 

Hello. Noticed what I thought was looking like an Inverted Three Buddha and wanted to share