The setup: A possible entry has showed itself for BCH. After second cycle successfully tagged the 1.618 of previous run, it was followed by overperformance of the downside and reversal on the .236 fib level. The reversal run has exhausted itself for the time being but a reversal presents itself at this point with the .618 fib. The .618 is a strong reversal point...
Bitcoin is going through an unsustainable Parabolic curve. While everyone is greedy and in a state of euphoria history has shown that this is the time to be most cautious. Where is the top? I can’t say, perhaps the 10k (4.236 fib), perhaps 12k or perhaps not. One thing I can say and stress to my followers is that you do not want to be left holding the bag when the...
I really like the community on trading view. This is my first public post and analysis. please help point out the flaws. I know wave 3 is not supposed to be the shortest wave, and also point 4 cannot go lower than one, but not sure how to measure the length of each wave? Is it percentage based from the previous low. So if wave 1 after abc correction is...
The setup: A possible reentry has showed itself for XMR. For detailed analysis please see previous XMR breakdown After closing our position due to uncertainty, XMR downtrend has reversed on the .236 and rallied above our previous target 1 again. Currently it is in falling wedge(Bullish). We look for reversal and breakout of the wedge around the .382 reversal...
After a long consolidation period where I have made many successful day trades between the buy channel(green) or dark green line and selling the dark red line or red channel depending in price action, we have finally broken out. I am left with a small position in ETH in which I am currently long. However, this too is short term, and we will see reaction to price...
First of as a note I do not use margin when trading cryptos and I also do not short. This is just technical analysis, and why I do not have position in BTC. We are currently in wave B of corrective ABC wave after completion of Elliot Impulse 5 wave series. We broke the top of the previous channel via over-performance. I expect more upside to this B wave with a top...
If you followed me into previous crazy trade(linked Below) wit XMR congratulations. we are in profit of 24% BTC wise, 32%usd wise . Average buy in price at 0.0125 or $86 USD. Hence we are going to profit on trade. Stop loss can moved to 0.0130-0.0133(or below support) for free trade and profit. Alternatively if you prefer USD alot of markets offer xmr/usd trades....
If you have traded of my previous idea(linked below) then congrats. We are in profit 44% vs BTC, 57% vs usd . We are not going to lose money on this trade. Hence move Stop loss to 0.00049913. We are 17% in profit at the very least if our stop is hit. We got rejected by the 0.236 fib which was to be expected. I am still bullish on waves until the NG and DEX...
Full retracement and touched previous .618 reversal level from previous cycle
Full retracement and touched previous cycles .618
This trade is crazy, but It is what the charts are telling me. the weekly XMR chart has moved in a very predictable pattern. Huge push up in a single week or two followed by a huge correction to the middle of .236 and 0 Fibonacci lines. This cycle has repeated 3 times, and the cm William bottom finding indicator is indicating that this is the bottom or very close...
Technical Analysis: Rising Wedge, MACD, Stoch RSI. Support has been holding, but how many times can we test it before it fails. Fundamental Analysis: Continued ETH weakness to break previous highs even with a big release, BTC Gold release expected to push ETH down more, as people move funds to BTC.
Fundamental Analysis: BTC Gold hard fork driving price of BTC up and ALTs down. Date of fork 24oct17(6 days). I expect the price is more likely to go up. Technical Analysis: OBV + Stoch RSI Bullish Diversion. MACD following suit and about to cross. Strong bounce from 5100 after much needed correction from vertical climb Broke Downtrend T1 = 6200 then...