Many recent charts I've made have had impulse waves failing on sub-wave 5, but when I started drawing my Elliott Waves within the context of being in a bear market, the wave patterns started making more sense. The impulse waves failed at wave 5 because they weren't impulse waves, they were ABC pattern corrective waves. From this perspective, it appears that BTC...
Eth is breaching the bottom support for this multi-month depending triangle. About to break lower for possibly it's final leg down. Happy trading! kobe
ETH is rapidly approaching the 0.618 fib line on the daily chart. It may recover from there or simple bounce and resume dropping until around the .786 region. It seems like most coins have been dropping to levels around their 0.786 region.
After Wave 2 containing a corrective triangle pattern, we have entered Wave 3. It's up from here!
About to break out of this multi-month symmetrical triangle. We're going places!
I think we're going to bullishly slide through the Twist before the next upcoming cloud. I'm here to learn and improve my skills, and I welcome all constructive criticism and conversation. If you disagree with the prediction, I'd love to hear why. Looking forward to chatting! Good luck trading everybody!
It appears after a short, yet epic bull run earlier way earlier this year, DGB may have finally bottomed out - returning to pre-breakout prices. It may have an opportunity within the next couple days to breakout bullish at the "Twist", or the gap, in between the current cloud above and the next cloud coming. It would need to break past the kijun (the blue...