MonetaryRebel

MonetaryRebel

Based on my elliott wave projections over the last 10 years, I'm looking into the possibility that we're still correcting from the uptick in 2007-08'. Obviously wave counts are just an educated guess, BUT...look at July 2017. It appears to be a very great impulse wave form ending around Oct 18'. If we make a new low and go below $42.06, I fear there could be a...

MonetaryRebel

12-13-18 and 12-24-18 each formed a low @ 2.35, with increasing RSI on the 24th. Mr. Trump just signed the hemp bill into law. This is a buy!

MonetaryRebel

Getting ready for the floor to fall out from under our extended bull market. This is gonna be a great place to chill and gain from the losses in the S&P 500 index. I expect the S&P could lose up to 20-30%, which would also put us over the needed 20% for a bear market to ensue. ABC correction is beginning here after this wave 5. Buying in @ $40-41

MonetaryRebel

If we bounce in this buy zone, I will be extremely bullish; which means next stop 4200. Could go under down to the 1st wave on this elliott impulse, but assuming we don't get a new low and completely retrace....I'm bullish.

MonetaryRebel

Looks like the bulls want their money back. Our upward impulse wave has penetrated through the pink line there, being great evidence of a larger trend. IF we hit $36, that means the last elliot wave down will have failed, and we are back in business!!

MonetaryRebel

Haven't really been following Litecoin, but I will be now. Waiting for $20 mark, and for this increased sell volume blip to settle down. Might get me some if we start seeing some increased buy volume.

MonetaryRebel

It seems like we might have to be patient for this bottom, and get some real confirmation. Don't go trying to catch the knife falling until we know we're good. If I could short I would, but instead I'm accumulating BSV!

MonetaryRebel

Here's my idea for what's going down. I'm accumulating already, but will do so more if it drops again. It's interesting that this chart doesn't seem to be following bitcoin into the downward spiral. I really think this is becoming a haven of security (alternate to tether/USDT) for people to place their money while the other cryptos find their bottoms. Short term...

MonetaryRebel

This has been insane upward pressure today, telling me that maybe the selling of BTC is going into BSV. I was waiting for that flag to break, and boyyy did it! If the descending blue line is indeed a neckline, 1:1 gain gives me a HIGH estimate top around $180.

MonetaryRebel

Bear Flag. That's what I see. Tell me what you see...?

MonetaryRebel

Okay, so I made that jargon up, but it certainly looks like at the end of the flag here BSV got flipped on it's back with it's belly exposed. (AKA: signs of vulnerability and exposure to BTC's continuing downfall.)

MonetaryRebel

I'm skeptical of crypto right now, but this seems like it has potential to go either way! The potential bullflag/handle of the yellow cup did hit 50% of the total cup size, telling me it could go either way right now. Waiting for a confirmed close outside the region, or pressure either way. Accumulation is overall up as well, so maybe folks are moving their money...

MonetaryRebel

I figured that this recent uptick in BTC price was just a correction in the overall continuing downtrend in the market, but now I see confirmation. We started forming the yellow cup and handle, but the handle is over the 50% mark for where it needs to be proportionally to qualify as a cup and handle anyways, and then we broke down below it's trend line and can see...

MonetaryRebel

I've been watching this for the last few months and I feel very optimistic about AKS. Once the new year comes around, their contract prices are set to update, and I think this could drive us through the shoulder line. I've only been trading for a couple years though, and would love some 2nd opinions. I realize that once you think you see something, sometimes it's...

MonetaryRebel

A healthy correction a foot?

MonetaryRebel

Our upward pressure is promising. I think we'll need to come down a little to account for the RSI divergence. I'm not buying in until it drops a bit personally.

MonetaryRebel

Again, I love Terra and all they're doing and I'm in this for the long game. RSI showing bullish divergence recently. Fib ratios look good. Waiting on a volume confirmation for uptrend.

MonetaryRebel

Seems like we should be getting an upwave soon, but I'm just not 100% on my wave count here. Our volume looks good on that last big upwave, suggesting to me that it's only wave 3. We got a double top on the RSI for that wave though, which might point to a good sell out point for wave 5. That last big sell off where 4 is might be a decent support. Keep an eye on...