flyinkiwi10

flyinkiwi10 Updated 

Bitfinex short approaching their all time high so I am not alone in my reading of the situation. But bear in mind that the herd isn't always right. In this case, I think they are right though. Wave (c) of the correction is showing some good strength. We might make the $6450 to $6600 for wave 5. A double top would be quite telling. After that I am expecting a...

flyinkiwi10 Updated 

DGB has been one of the more bullish coins over the past couple of months. While BTC has formed a descending triangle since February, DGB has formed a series of higher lows. When DGB is bullish, it outperforms most coins. It is not unreasonable to expect DGB to at least make the upper trend-line due to: - DGB support has held strong, - Consistently remaining...

flyinkiwi10 Updated 

Thanks for viewing everyone. I posted recently that if $7000+ was reached, that would be the peak of wave (3). As long as the retracement that follows doesn't go below the wave (1) peak then we are still on for $7486+ (the projected wave (5) extreme). $7492+ will just establish that BTC still has some life in it, but it won't take it past / far past the downward...

flyinkiwi10

When I drew the converging trend-lines XLM looked like it was still trying to break out the top. Even though I noted the rejections, things still looked okay. I got distracted for a while watching the "DUMP EET" candle on BTC. Now, not so much, unfortunately. Lets see how this develops. I am still bullish on XLM.

flyinkiwi10

Thanks for viewing. I count 5 small waves up in wave b from 94.43 to 95.74 (of (b) (of B)). My view and we are now about half-way through an upward correction (wave (B) that is part of a larger ABC correction down. I will be watching for the end of wave (B) to not exceed 103.82. If that occurs I will expect wave (C) to the mid-80s. If 103.82 isn't exceeded and...

flyinkiwi10 Updated 

This is drawn from Thomas Bulkowski's 'Trading Classic Chart Patterns' - in which he is himself drawing on Victor Sperandeo's 1991 book 'Trader Vic - Methods of a Wall Street Master.' Personally, I am not waiting for confirmation that we are out of the bear market but it will be worth recognising what phase of the market we are in. If we get a confirmation of a...

flyinkiwi10

Thanks for viewing. I only have a couple of points to make; 1, This is the path that I have been expecting BTC to take in recent weeks, 2, Is this a signal that the bear market is over? I didn't expect Doge to lead the charge, and I am not making a judgement as to whether it is over or not. I am feeling more comfortable with my short-term targets for BTC of...

flyinkiwi10 Updated 

Hello all, thanks for viewing. After re-reading William Poundstone's "How to Predict the Unpredictable" I thought I would chart the Shiller PE ratio on the S&P 500. I did this because I have general feeling is that things are a little over-extended. In his book, he points out that in the past 130 years, if people in the US stockmarket had sold their stocks (and...

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The green box is a very small (0.3% range) and specific target. The target should be larger but I would like to track how accurate ends up being - provided I haven't called the end of wave B too early. The green box sits on top of the confluent area of a 1:1 extension of wave (a) and the 0.5 retracement level of wave 3. I don't want to think about BTC going too...

flyinkiwi10 Updated 

Hi all, Silver is at an interesting point right now. I am waiting for a set-sup to go long on it due to: - The five waves down have completed, - RSI is at very low levels (and showing a small bounce. There is some reason to be cautious: - This may be wave A of a larger ABC correction down, - Silver declined 9% after breaking the lower trend-line but I expected...

flyinkiwi10 Updated 

I am continuing with my stubborn belief that gold is around half way into a deep retrace to pre-run-up levels. If the 2016 to present (rather weak) rally fails I think we will see prices possibly sub $600 in 2 - 4 years time. By my count we are in wave (4) of a larger down-move. Triangles normally form before the final move in the larger degree wave (so wave 4,...

flyinkiwi10

Hi all, thanks for viewing. After only a few weeks, I am really happy that I am approaching 10,000 views. Hopefully I am doing something right. There are a lot of independent people out there who are looking to increase information to the community without monetising everything or profiting of you in some way. This is the third and last post in a series that is...

flyinkiwi10 Updated 

Counting the waves over the past week has been rather difficult. I have picked some price declines and picked that BTC support had been reached after the price action after the 14th showed strength. Actually, all I said is that as long as $5855 isn't breached then a bullish scenario was still in play. That still applies, and we are a lot further from $5855 now. I...

flyinkiwi10 Updated 

Enough said - BTC shorts were low and falling when BTC was at $8500 and hit a low point when BTC fell past $7600. Since then, BTC has found support and people have been rather slow to realise they are on the wrong side of the trade. What will happen? Shorts being closed and people being liquidated resulting in BTC being catapulted above $7000 (target $7400+)....

flyinkiwi10

I posted an idea recently with one example, showing how bearish divergence is a consistently good indication of a possible dip. What would have allowed most people to protect their investment / gains in this market? Being able to know when to swap your longs for shorts, tether up, or cash out. Well this is the best, simplest, and most consistent indicator that I...

flyinkiwi10

Hi all,thanks for the view. This analysis is 100% TA and includes no fundamental analysis component. I am not a finance professional or at all experienced in FOREX. I tend to have a bearish tendency in my reading of charts. I am assuming that we are somewhere in wave 3 down of wave (C). These are medium-term targets. I expect a significant extension in wave 3...

flyinkiwi10 Updated 

Hello all, thanks for stopping by. Please leave a like and a follow would be appreciated. If the Elliot waves hold up (there are no wave failures) in the face of strong shorts being entered in the sub $6300 area then $7400 is on the table. If you are in a short position - welcome to an uncomfortable 36 hours. If that happens the vast majority of shorts will be...

flyinkiwi10

I am not saying the local high is wave 1 - but if it is a reasonable price increase to 0.00365 BTC+ could happen soon. Things are generally staying at support levels. I am not a fan of ZCL and see it as a pump and dump coin.