Coming up to a really pivotal moment for Bitcoin. On the far right I have the box showing the pivot stand off position. I have the bear count charted with a wave 2 peak around 7050 before starting the wave 3 back down to 6400 then 6000. If the bulls break out strongly past 7250, then they smash this bear count to pieces! Apologies for the madness all over the...
Here's todays action, following up on the last post! LLCoolRS Disclaimer: This is not financial advice, and is given for educational purposes only. I make the charts, you make your own trades. Never blindly follow internet advice for your financial decisions... any analyst can and will be wrong.
The trendline from the March 5th and 24th highs is providing amazing resistance today. Like to the cent precision, for a trendline drawn from points weeks back. The main chart will show the big view, then I'll post again with the 15 minute chart. If BTC can't break this line, then look for the bear count for wave 3 down. LLCoolRS Disclaimer: This is not...
Quick follow up on my last update... We're definitely in the danger zone, trading here is really tricky. I was pretty confident buying in around 7450-7500 and used a very tight stop loss, and got stopped out :( I think I'll try to take my own advice and wait patiently for a powerful breakout move in either direction to make a confirmation trade! We haven’t seen...
Hi guys, quick update! I believe we've completed the big bear wave from 9200 down to 7460. Check out my previous post from 1 day ago, posted when the price was 8100.... hit the support zone! Zoom in on the chart to see my subwave breakdown right at the bottom of 7460. Here are some tips for using the chart: - hover mouse near the center/bottom of the chart to...
Hi guys, I'm gonna step away from Elliot Wave analysis, and use a basic indicator that carries alot of weight to give a very strong argument that the bulls are building strength and that we will see the Bullish scenario going forward, not the bearish one! The RSI is showing bullish divergence on the bigger timescales.... 1H, 2H, 4H. The price action is...
Hi Guys! Lets get to it…. what you’ve all been waiting for! The 15 minute subway breakdown! I’m going to continue with the trend of my previous posts… I’m keeping my eye on both bullish and bearish scenarios, but I am currently charting the bear for the following reasons: - We’ve been in the downward trend for awhile. The trend is your friend. I will not...
A quick update on my previous bearish/bullish scenario. The original post is here... it is a long read but will give you a good understanding of the crossroads we are at: When taking into account the magnitude of the breakdown that we are watching for, we must take longer term trendlines into account... I've drawn in the longer term support like with the 5800...
Hi guys, Here's the updated subwave breakdown for the wave4 ABC heading up. The lowest timeframe I can publish is 15 minutes. I have done a 5 minute timeframe analysis here, as a private post Check it out for greater resolution! My Target is on track: 8195 to 8212 I've drawn the rectangular box around my target showing 3 bit level confluence..... 1-1,...
Here's the update..... looking on point for my target! I've drawn the rectangular box around my target showing 3 bit level confluence..... 1-1, 0.786 and 0.382! Good Luck trading! LLCoolRS If you find these posts useful and helpful, please follow me, like my posts, share, and comment! The more positive feedback I get, the more motivated I am to post and...
Hi guys, Things are getting nutty and wild in bitcoin -2.59% land! In our downward wave 3, subwaves 4 and 5 threw my 15 min analysis for a loop! In my chart, Ive updated the subwave breakdown for the finish of subwave 4 and 5 of wave 3 down. Here are tips on using the chart to zoom in: - hover your mouse near bottom center of the chart. You'll see five buttons:...
Hi guys, The lowest timeframe I can publish is 15 minutes. I have done a 3 minute timeframe analysis here, as a private post Check it out for greater resolution! - We’ve already hit waves A and B as seen on the chart - Wave b hit the 0.65 retracement from wave A (golden pocket). This is a nice confirmation level to hit for wave B. - My wave C target which...
WARNING: I want to describe trading breakouts, versus trading riskier scenarios where you can take hard loses from failed analysis. Here is a possibile bullish scenario as an alternative to my current bearish ideas: - My subwaves 1,2,3 down are not part of a bearish 5 wave impulse. They are actually a downward ABC wave. - That means this upward subwave 4 is...
- The vertical wave A is definitely a bull flag pattern. - I expect a small retracement for Wave B from A, which lines up with bull flags…. I have the 0.236 fib level on the chart at 8150. - Expect a good amount of sideways consolidation with the force of that wave A. - Then expect wave C to explode out of the sideways action as per bull flag breakout. - I have...
Hi guys, Wow, you've got to check out my last post for the finish of wave 3. In the comments I called for the bottom of 7850. And it hit it.... like exactly. Not 1 cent higher. Not 1 cent lower. Un freeking believable!!!! There was a lot of sideways action, that may have had some worried about another wave down.... it definitely looked like a bear flag...
Hi guys, Quick update. I believe subwave 3 has completed at 7865 on my chart, on a lower candle wick! Check out my previous ideas, where I posted my target of 7850 (in the follow up comment section). We freeking nailed it! My wave analysis has been ON POINT! Lets keep this going! Side note: I'm not claming to be perfect, and I will always own up to a...
Here's a quick update.... You can see pink subwave 3 completing. We are on sub-subwave 5 of pink subwwave 3. We'll see another pop down for sub-sub-subwave 3 of sub-subwave 5. LOL, i know i gets confusing... thats the thing above Elliot Wave, its like the freekin DiCaprio movie Inception. How far down the rabbit hole do we go? It looks like we will finish...
Hey guys, BTC is in trouble! My previous target of 8700 (8678) was pretty much spot on! I was calling for the fall, I called for danger and that's what we got. If you haven’t seen my previous ideas, I suggest you review them… press play and you’ll see what happened after they were published. A little rant…. Bitcoin and cryptos are a highly leveraged,...