could continue trend still. Nice short term reversal on bottom trend line. Red line is for stop loss in case price action falls out of range
In an earlier post i detailed DGD following a nice upward channel trend. Looks like it was not quite steep enough so ive adjusted it here. Should provide some insight as to when the trend should reverse short term. good for collecting extra DGD if your already holding.
IOTA gains momentum after their announced collaboration with VW. could be a game changes as IOTA has been is a slump ever since its first claim to mania during the first release of big news.
Thought it was getting pump and dumped but instead of the dump we got consolidation. Look for breakthrough above downward channel for another big pump possibly
This is the final update for this specific pattern, lets see how far this runs or if it was a false breakthrough. Keep an eye on these key levels moving forward. Good potential for new all time high.
I used an approximate 50% from the last down trend to start the tail of the pitchfork. If the second peak reverses around the upper limits of the fork it will confirm it.
update from yesterdays post linked below
ETC is moving upwards of its descending channel. Keep an eye on this one could reach new all time high within a few weeks.
elliot waves within elliot waves
Pretty self explanatory. This is just add on to the linked chart
Never thought id say this but the DJIA is making fib bounces. Even though its an indexed average, it seems the entire market is somehow averaging out into perfect ratios. I'm not sure how that's possible but it could be. If its correct, the market could see an even bigger correction in the coming weeks. I've seen this pattern a lot before so it could turn for the...
Like i described in this previous post, the fractal is still developing and should extend to 50% (right between 20k top and 6k low) at 13k after which there will be a retreat to 9k. If the fractal fib logic holds true this is what will happen Long to 13k, short to 9k, then long again
long setup at 2250 to 2500
Check out this detailed post below that compares a smaller BTC fractal to the one the price action is experiencing now, which makes a strong case for the fact that the true bottom (for now at least) has been reached. Using the bottom at 6k with the top at 20k marking a fibonacci range, we can see that the top follows the same perfect ratios and combinations as...
Does this chart look familiar? its because this same pattern is repeating right now since bitcoin topped 20k. the fib ratios line up quite nicely and they look pretty much the same from a visual standpoint. This specific pattern has repeated before already as well if you search even further back into the chart. Was bitcoin in a bubble? yes most defenetly. But...
ENJ breeakthrough after consolidation period. look for long
ACB flat-lined a bit as described in the post linked below. making a small consolidation and is now starting a retreat to a hopefully oversold price (maybe sub $7.00 hopefully). I want to draw attention to the big head and shoulders pattern that has formed. If the price were to break under $5 Id be very worried for the long term outlook for this stock. That...
BTC has bounced nicely from 6k but the masses are already getting excited and pushing this into a parabolic climb that seems to be capping out slowly (RSi and OBV showing signs of fatigue). Dont get stuck buying at 10k when the max it could still go could be 11k maybe. Then it will most likely retrace to 8 or 9k shortly