aoeuaoeu

aoeuaoeu

Right now, Bitcoin is in the middle of subwave 3 within wave 3, which is usually the strongest and largest uptrend. If we zoom in, we see a ascending triangle for the corrective wave. It is a rare, but extremely bullish pattern. If we zoom out, we see that Bitcoin has clearly broken a major resistance channel and has started its impulse waves. According to a 1...

aoeuaoeu Updated 

Tron completed a ABCDE correction in the shape of a falling wedge (W). It started to impulse up, but that was only short lived (X). It was quickly dragged to the ground by Bitcoin. The correction process was extended, and Tron completes another ABC (Y) in the shape of a descending triangle. But now, Tron breaks out a major triangle with a spike in volume, showing...

aoeuaoeu

Bitcoin completed another set of impulse waves up and has already completed it's ABC correction. The correction took form in the shape of an extremely bullish pattern: the falling wedge (blue). Usually, prices explode violently out of these patterns, whether it's cryptos, stocks, or forex. However, we also see Bitcoin hovering over a major resistance trend line...

aoeuaoeu Updated 

It appears that Bitcoin has completed a five wave impulse and now is correcting. Bitcoin is forming a falling wedge in the shape of a ABCDE correction. I think it is a ABCDE correction because each subwave of the ABCDE correction has a ABC pattern. Another count would be WXY correction. However, this NOT an ABC Zig Zag correction as many analyst believe. Wave...

aoeuaoeu Updated 

Bitcoin Cash just completed a beautiful 5 wave impulse and is now priming for a new breakout. Bitcoin Cash formed a descending triangle, which could be a ABCDE correction. If that is the case, an explosion is imminent. Furthermore, the price action after breaking out of triangles is rarely stagnant; either it dumps or it explodes upwards. However, the lower...

aoeuaoeu Updated 

Bitcoin might have just completed an ABC correction in the form of a rising wedge. Wave A is a leading diagonal in the shape of a rising wedge, so subwaves 4 and 1 can overlap. Wave C seems to be truncated and is a 0.5 Extension of Wave A. The RSI is showing strong resistance at 70 and the MACD is showing bearish divergence on the histogram. The alternate wave...

aoeuaoeu

EOS appears to be forming an ABCDE correction (when the correction forms a triangle or wedge pattern) in the shape of a falling wedge. Each wave of the ABCDE correction should have 3 subwaves, which are labeled ABC. However, there is an exception to the ABC wave structure, and that is when we get an complex correction. For instance, in wave B, after the first ABC...

aoeuaoeu Updated 

Ethereum is forming an ascending triangle. It could break either way. In my opinion, I think we will break down with MAYBE another touch on the upper resistance line. I'm believe it will break down because Bitcoin is showing a lot of bearish signs. Again, this is just a guess and I could be wrong. Wait for confirmation and play the triangle. If this analysis is...

aoeuaoeu

Bitcoin is showing some bearish signs on the RSI and MACD. We may get another low. That would mean that this bounce is a dead cat bounce and an ABC correction. Wave 5 could bring us to sub 6k ranges. So what would the best play be? For swing traders and day traders, this could be an opportunity to lock in some profits. I would back in on confirmation that the up...

aoeuaoeu Updated 

Bitcoin has been on a massive downtrend, and it feels like it never ends. However, there are some good signs that the bottom could be near. First, the RSI is sooooo oversold. Usually, when the price reaches this level, it just snaps right back. The RSI is also at a key support area that held multiple times in the past. Looking at the MACD, we see bullish...

aoeuaoeu Updated 

Ethereum is completing the final wave of an ABC correction. In fact, it's on the 5th subwave of wave C. It is only a matter of time before Ethereum starts impulsing. In addition, we see bullish divergence, and the volume picking up. This correction is only temporary, and we need to take a look at the big picture to see how high Ethereum can rise to. We should...

aoeuaoeu Updated 

BCH is experiencing an ABC correction and is almost done! Wave C always has 5 waves, and the fifth one is about to complete! Wave 5 is extended so there are five subwaves. The fifth subwave has not yet completed and should bring the price to the support line of the falling wedge, which is around $900. Now if we zoom out and take a look at the bigger picture, we...

aoeuaoeu Updated 

Bitcoin formed a falling wedge. Inside each wave of the wedge, there is a 5-3-5 zig zag wave structure. The only exception is wave A, which has a 5 wave structure.

aoeuaoeu

Dash is forming a falling wedge, which happens to be an ABCDE correction of wave 4. Dash has not yet completed a wave 5 yet, and since truncation is rare in the crypto market, wave 5 will likely make a new high.

aoeuaoeu

Bitcoin broke out of a strong downtrend line and is attempting to start a breakout. However, it still has to break out of the ascending triangle and the 11.7k resistance level within the next day or so. If it does, Bitcoin could see a pump to the 13k region or more. If it does not, Bitcoin will likely test the 10.8k region and likely the 9k region. Now, let's...

aoeuaoeu

Bitcoin is almost done its corrections. Wave 4 was a rising wedge, and wave 5 will soon start. Wave 5 may or may not exceed the low since sometimes corrective impulse waves are truncated. In addition, wave 4 can cross in the territory of wave 1 by just a wick in the world of cryptocurrencies.

aoeuaoeu Updated 

XRP is currently at a upper trend line and will likely see some resistance. In addition, the RSI is overbought during a downtrend. Stop: 1.4 Target: 1.139

aoeuaoeu Updated 

BTC seem have finished 5 impulse wave down, which happened to coincide with the bottom of the parallel channel. We could target the top of the channel for some quick gains.