Hello Traders, That second lower high Bitcoin made has alarm bells ringing in my head and made me feel really bearish. This leads me to believe we are in a wave 4 retracement. If price breaks above the LH then this TA is invalid. Is it possible to map the course of this retrace? I have copied a retracement fractal (there are many) from one of Bitcoins previous...
Hello Traders, I am looking at Celer Network/Bitcoin pair on Binance. Elliot Wave theory shows we have just had 5 impulse waves up followed by an ABCDE correction. This completes waves 1 and 2 of a much larger Elliot Wave structure. I am now expecting a bullish 3rd impulse wave. Using the fib extension tool I have put the 1.618, 2.618 and 3.618 extensions on...
Hello Traders, Having a look at Ripple XRP you can see its formed a decending triangle formation which looks very similar to Bitcoins. I have just posted another idea which explains why I think Bitcoin is approaching resistance and is due for a 30% correction. When this happens I think Ripple XRP will be taken down with it in EPIC capitulation style. The only...
Hello Traders, I have been staring at the charts for a while now and I believe Bitcoin is in a 5th wave ending diagonal and is approaching the end of this rally. The 2.618 extension of wave 1 is $6460 on Bitfinex and $6250 on coinbase. We have the weekly 100MA above us which will act as hard resistance. Whats interesting about this rally is we cleared the...
Hello Traders, Having a quick look at Ethereum there are a few interesting things going on. I have put a support/resistance trendline in place which (to me anyway) looks like its acted as a major support in the past, now its acting as resistance. The price looks like it is moving up inside a rising wedge. The price does appear to have crossed the diagonal...
Hello Traders, welcome to my Litecoin halving chart. Litecoins mining block reward halves every 840,000 blocks which takes roughly 4 years to reach. I have added the halving dates onto this chart to see if there is any correlation between halving dates and price movement. In theory a halving event will start reducing supply which could increase demand.
Hello Traders, Siacoin is holding the trendline on SCUSD Poloniex and even looks like its made an attempt at a set of small impulse waves. SCBTC chart also is showing bullish divergence on the daily. Based on this i will open a long with a tight stop on the trendline.
Hello Traders, Looking at the 2015 crash and comparing it to this crash there are a lot of similarities, particularly with the 50MA (Purple) and 200MA (RED). I have copied the fractal from the end of the 2015 crash and put it on this chart to try and plot Bitcoins course. This isn't perfect as the duration of parts of the 2015 crash are slightly different to...
Hello Traders, Ive been looking at ETPUSD for a while now and this coin just seems to be doing its own thing. As you can see here... its broken away from BTC and is on a bull run. Looking at the 4hr we have regular bullish divergence, hidden bullish divergence and we see a bounce from support trend lines. Im going long on this divergence and have put some fib...
A Bitcoin halving chart. Notice the symmetry between a halving and a sharp increase in price. The next halving date is estimated to be 20/05/2022 which ties in to the bottom of the sine wave.
Hello Traders, Here is my analysis of Litecoin. Not much to say really, it looks to be painting a bearflag with bearish divergence on the VAPI_LB.
Hello Traders, Here is some new TA which I have been working on. Ive modified the EW cont to now have an ABCDE type correction for wave B. I have added pivots and S3 seems to line up perfectly with the uptred support line at $7050-$7100 ish. Im thinking a drop to S3 pivot and then bounce to complete wave E. Lets see.
Hello Traders, Just a bit of speculation and fun here really. This chart is assuming Bitcoin will complete is corrective cycle and do a 85% retrace which ends 1/10/17. I dont know if this will happen, just plucking figures from air. Then Bitcoin goes onto pump for 650 days finishing somewhere around 01/07/2020 at $54626. Timeframe and target just plucked...
Hello Traders, Here is my projected target for BTC final leg down. Had to get this together quick and publish the idea before it breaks down so a bit rough round the edges. Lets see..... Not Financial Advice.
Hello Traders, I have been looking at EOS today after the retrace did not even touch cleanly on the 0.382 fib and have never seen anything so bullish. Literally no bearish diveregence anywhere in the RSI like most other coins right now, instead I have seen a big slab of bullish divergence and EOS appears to be in a rising wedge looking to break $18.65 resistance...
Hello Traders, Here is a projected EW count for EOS. This count is assuming EOS retraces to the 0.618 fib before commencing its pre main net launch space pump.
Hello Everyone, here is my update on EOS. As you can see EOS has bounced off the 0.236 fib. As this wasn't a clear touch of the fib I did some digging and someone mentioned a front run on the fib is valid. This is also supported by a small A B C D E correction and bullish divergence on the RSI and MACD so therefore corrective wave A is complete. Next target is...