Nickonomics

Nickonomics Updated 

Bitcoin followed the script yesterday rising to Wave D target zone near 9300: Wave Pattern At the moment Wave D top has either been formed, or is close to completion within 9400 range . So, I suggest buying the dip in the 9000-9050 zone (projected Wave E bottom). Trend & Volatility Trend indicators are clearly in flat mode. Volatility pattern is very...

Nickonomics Updated 

After many days of rangebound activity, the wave pattern has been clarified: we are dealing with a Triangle. In the previous update, I identified the break from a Diagonal triangle ( in fact, this is a simple wave C ), which of course is a clear bullish signal: Currently, the price is heading towards wave d target zone near 9300. Volatility has been steadily...

Nickonomics

Assuming Bitcoin completes the Triangle and breaks out, we have a couple of lucrative setups in alts. According to NewsBTC, EOS's market valuation has surpassed that of SpaceX, which means this rocket flies higher. Indeed, its recent surge is terrific, and I'm looking for new trading opportunities here. Inverse H&S pattern is developing, so we have a buy zone...

Nickonomics Updated 

In the previous idea I wrote that I'm willing to take short position only if price breaks out of the channel. It did break when H&S developed, and the setup allowed to take intraday profit. Currently, the wave pattern remains unclear. Two most probable scenarios are presented on the chart. The first implies the development of bullish Triangle. The trigger...

Nickonomics Updated 

From the standpoint of technical indicators, the trend is clearly bullish (MAs, RSI). So, I'm willing to take short position only if price breaks out of the channel. I would like to pay your attention to this fractal: The only difference between these two is that they developed on different stages of the trend: the first pattern initiated the bullish trend, and...

Nickonomics Updated 

Wednesday was a great day indeed for bitcoin bears. In the previous idea I moved the intraday sell stop order to 9250 area, and eventually price hit the first target. Later there was also a Flag pattern setup that worked out smoothly: Currently, I'm examining new short opportunities as the micro trend has turned bearish. The options are: Break of 8770 will...

Nickonomics Updated 

Yesterday we didn't expect Bitcoin to go much higher than 9350-9500 ("reversal zone"). The trigger for going short was placed at 9015. Price has indeed stuck in this range without triggering any action. Currently there is no confirmation that a top has been formed as a break above 9550 will suggest higher prices. Still, I'm moving the intraday sell stop order to...

Nickonomics Updated 

Even though the previous idea was banned for some kind of rules violation, it was successful. The setup was the following: Currently, all five waves of the pattern are in place, so I don't expect Bitcoin to go much higher than 9350 or 9500 (second resistance cluster). My trigger for going short is 9015. I will update it according to price action.

Nickonomics Updated 

Bitcoin has been trending upwards since April 12. Under my Elliott wave model price is bound to finish wave (5) either in 8600+ area ( main scenario ) or just above 9000. I will update the chart as soon as there is a reversal signal.

Nickonomics

Price has been coiling last night forming a Triangle pattern. The bullish breakout is quite possible, and we're setting up long positions just above resistance zone, aiming at 16 300 - 16 400.

Nickonomics

Ether has more room for growth towards $900+. Bullish scenario is negated below $740.

Nickonomics Updated 

Dash is set to finish its 5-wave move to the target of $972. Offers some 8-10% profit potential for buyers.

Nickonomics

Previously, we projected growth towards $17 700 - $18 000 as part of final 5th wave of the impulse. At the same time, the chart contained an ambiguous segment, and so there were two options for adding new positions: Currently, yet another ATH is quite possible. I re-labeled the waves and put new labels on the chart. So $17 730 - $18075 remains the target zone. ...

Nickonomics Updated 

The high-flying rocket IOTA, which broke the cryptomarket's charts in recent weeks with a whopping 260% monthly gain, is taking off again. This time we are setting up a short-term long setup, based on Triangle pattern, with 20-25% growth potential. It could make more - that's the nearest target. Risks If price drops below 4.10, the idea is no longer viable...

Nickonomics Updated 

To cut the long story short, it is happening (at last). What are the targets? This whole flat period can be interpreted as Triangle in Wave 4. So the target is, at least, the new ATH above 0.3988.

Nickonomics Updated 

Early signals Right now Bitcoin Cash 8.33% is breaking loose from it's price channel , getting closer to the edge of Triangle pattern . Trend-following systems have already provided early buy signals. Confirmation The breakout pattern will be confirmed when price climbs above $1595. Invalidation Price drop below $1230 will eradicate my bullish bias here.

Nickonomics

Previously, we anticipated new ATH and made bets on how much higher price will go. The pitchfork channel setup allowed for some 5%+ deals: Forecasting Currently, there is room for more growth towards $17 700 - $18 000 zone. This is suggested by wave structure, which looks incomplete - final 5th wave is due. The problem with this chart is that the segment from...

Nickonomics Updated 

The recent sell-off in Bitcoin may benefit it's Cash spin-off. The price is making attempt to break beyond the pitchfork, putting downtrend in danger. To me, the break of 0.1045 level will be a trigger for buying here with some 20% upside potential.