Potential long entry for EOS. Could have potentially finished when it tagged the 1:1, otherwise I am looking for the 1.27 at $2.734
Potential long setup in the works for Ethereum Classic
Got a much nicer pullback than anticipated. Looking for rejection here at the .618 or potentially the .786. Beyond that is a little extended out of my comfort zone for the previous setup.
Potential Short entry on Pullback
Potential Short entry on Pullback. Could potentially find support at $10,700.
I'm well aware of how ludicrous a $460k Bitcoin is. I'm well aware of how manipulated it is. This is not a justification for or in support of Bitcoin. This is not even an expression of my own opinion. This is simply an expansion upon what the technicals & fundamentals have shown to us. That being said, you cannot find another asset that moves more beautifully...
Looking for the pullback to reach around $95 before finishing the correction. As of now, it looks like $77-$81 should set up to be a nice long entry.
Looking for the pullback to reach around $305-$310. Following this, things could get pretty deep for Bitcoin Cash, with the primary targets around $250-$260 or potentially as low as the 1:1-1.27 of the larger corrective structure at $206-$230.
If the rest of the market continues downward, this is what I would be looking for in Ethereum
As I shared last night, my bias is towards an ending diagonal. But if we continue down from here, this is what I would be looking for. Trading inside of a B wave triangle.
An updated count with the potential 4th wave. Fits nicely with a time analysis ending somewhere in the region marked in yellow and targeting $0.16-$0.17 thereafter. However, it is beginning to have the appearance of distribution, so this correction could end up falling pretty deep.
Potential long entry in Bitcoin targeting $13.5k-$14k. I like the way that it reacted to $11.5k and it perfectly nailed my momentum setup in my previous post, so I took the long trade with a stop loss at the 50% retracement at $11,360. As an ending diagonal , we can expect it to move up in 5 waves, consisting of 3 wave structured subwaves - with the 5th wave being...
Ethereum has printed a clear correction to the downside, printing an expanded B wave, invalidating an impulse. We are seeing a nice bounce here after printing bullish divergence on the 4 hour. Corrective targets will be $426-$435 while impulsive targets are $474-$480. However, Ethereum's 4 hour momentum did break bearish - indicative of corrective/bearish...
Short trades are doing well across the board, but this could be an area for a bounce. Could see a pullback to the $12k area. However, we are moving down correctively - so with all this corrective movement, both up and down, I am beginning to entertain the possibility of an ending diagonal. Will update when the rest of this correction fills in. Updating all the...
Cardano could be getting ready for a more significant pullback. Unless we reverse and continue up here, it looks like the macro impulse is finished. Now we would be looking for a pullback to $0.09-$0.06. Will update further once a move plays out in a particular direction.
Bitcoin Cash appears to be lagging behind a bit. Could potentially see more upside all the way up to $370. If we reject at $339, the primary target will be $244 as a regular flat. If we reach the 1.27, the target will be $270.
Litecoin is looking finished. Expanded flat. Targeting $56-$53.