I am still calling for a bloody April. This is my bearish count playing out in a couple ways. If we pass the macro trend line, we head for the white dotted line where all bearish hell could break loose, pushing us to the $4800ish bottom for BTCUSD I've been calling for for months. Major events incoming: USA tax day, April 17th BTC CME Futures expire April 29th -...
BTCUSD is having a time right now, but I've been calling for a bottom sub $6k end of April / early May for months. I've been counting these waves down, and if this last 5 work out as planned that bottom should come in right on time. Also, LOOK OUT FOR APRIL DATES: - US TAX DAY ( APRIL 17th this year ) - BTC CME FUTURES EXPIRATION MARCH 29TH - March 29th...
This is the only count that makes any sense to me right now for $BTCUSD. Contracting Bear Flag. Calm before the storm. We'll see where this goes. If it breaks down: Short term bear market: low 8k / mid 7k Could retest 6k Feb lows by May.
Looking at this overall ABC count with areas of confluence. Watching for a retrace to ladder buy into. - UNDER 175 area of resistance - golden pocket for wave b? 170.6-171.9 - last bottom support 168 - full retrace 158 - below 160 - bottom falls out to 142-139 - full retrace to bottom from 140 is 105 RSI still relatively neutral.
TA Team, back again Check it to wreck it, let's begin Party on, party people, let me hear some noise FMM's in the house, jump, jump, rejoice! note: dump happened while I was writing this blasted thing! DISCLOSURE: Ok...as I said in the comments of my last chart, my original count to $LTCUSD was on the money, but I missed the similar wave count on $BTCUSD. I've...
Plotted this yesterday afternoon and woke up to find $BTCUSD playing nicely right along my lines. Overnight she bounced right off my 4th wave prediction, which makes me quite happy as a brand new trader in the space. Now, we wait to see if my 5th Wave is completed, or whether BTC takes a cue from my $LTCUSD analysis and comes up short for a nice ABC correction...
Called a Failed 5th Wave on $LTCUSD about six hours ago via twitter, just trying to plot out where it might tumble down to for some buying opportunities. My guess is the C correction wave will end around $187 range. Green box shows where I'd plan to ladder in a long for a wave up. Should be fun! Note: I am very new and learning. Do not take this as advice or...
I'm still learning this thing y'all. My last chart posted uses the same math, but this one makes a little more sense ( and looks a bit prettier!). With volume dropping, and clear support on the 10444 top fib line, I can see this continuing to shake and roll in this little channel. If BTCUSD decides to get it's act together, we can get a lift to the 5th extension...
Practicing with Elliott Waves, predicting a little swing on the hourly. Just playing. Don't take it from me!
This is my first chart published here. Privately, among a few other traders, I've been maligned for my bearishness since the holidays. I was calling for a healthy bias check of the overwhelming bullishness among small traders and adopters in the market. As you can see, I've drawn up where there is showing support, but the bears are still very much in control of...