BTCUSD retraced back to the FIB 0.618 level for the 3th time in its recent long term pattern. If bitcoin breaks below 5.8K, I see BTC going to 5.1K to complete the pattern we are in before going side ways for some time:
Hello guys, I'm a bit doubtfull of using the euro chart due to the weird spikes that occur like we can see here in the wave 1. Anyway. This is my current thought about the BTCEUR pair based on recent developments. We had a very shallow fifth rectracement (orange line) and many people expected it to go down to 6000 before pumping up. Even for me, I missed the...
Hello all, It has been a while for me to update Dash against the euro. However there seems to be an exciting (short/mid term) opportunity ahead. As Dash consolidates further into the end of the triangle, it could break in two different ways. Red bear line: if we break the triangle bearish, expect fall back until at least 454 euro However, I think Dash will...
Litecoin looks very optimistic, however, due to Litecoin Cash pump I expect a thorough retracement atleast until Fib 0.618. There was a clear double bottom for LTC and afterwards a nice pump into a 5 wave structure. It went right up to the point where it last collapsed 15 January shown by the upper red ball. The thick purple line shows that we break through the...
Missed the opportunity of buying in early stage. It is nice to see how the corrective waves hit exactly the targets as expected for a crypto correction. A wave until 0.618, B wave 0.618, and shallow C wave until 0.5. Next targets Sell; 1090 euro Buy 1; 970 euro (End of wave 4) For long term investors I would suggest to buy now and buy with a small...
Compared to other altcoins, ETH held relatively well the last weeks during the correction. Maybe due to the usage of the Ethereum platform by ICOs. Due do this fact, I expect Ethereum to also hold better for its correction of the first bull wave shown by the (1). The first corrective wave hit exactly Fib 0.382. Some resistance at this level expected, for the RSI...
BTC is gonna hit serious resistance in a few days. it will be at the crossing of the major bearish trend line and the previous resistance level at the end of January. RSI also indicates overbought soon so possible retracement of the first completed bullish wave. Short: 12030 dollar Long: around 9000 dollar (could go further down tho, so don't buy before
Correction of LTCEUR in the third wave. Historically C waves (3th correction wave) are rather shallow for cryptocurrencies. Therefore first moment to go long is between Fib 0,5 and Fib 0,618. If retracement will go as Elliot predicts, it could reach 95 euro. Buy zone 1; 165 - 140 Buy zone 2; 91,5 - 81 Put your purchase limit based on your risk portfolio....
After a complex correction and setup of the first Elliot wave, Ethereum is now ready for the last push up in the third wave, moving up to fib 1.618 and 1.786 Lower thick red line is Fib 0.5 retracement of first wave. Upper thick red line is Fib 0.382 retracement which is often the case for third wave retracement. NOTE; third wave of third wave, so the one to...
As described in last analysis, DASH reached the Fib 1.786 target and is now consolidating. A bullish triangle pattern is forming on the 4H chart. If this pattern breaks in a bullish way, this could be the fifth Elliot wave, and the last wave before the correction downwards. - Safe buy target: 676 (after bullish break) - Risky buy target 649 -> - Sell target 765 -...
As XMR has a small pullback from its strong upward trend it prepares for wave 5. The pullback was relatively small compared to the Fib levels expected (0.382) in a wave 4. It was stopped at the previous high (132) before it stabalized a bit. On a four hour chart we can see a cup and handle pattern forming itself which could indicate just the right bullish...
After first push until previous all time high, REPEUR breaks out of triangle in a bullish way. Based on Elliot wave counting, I expect the upward wave to hit Fib 1.618. MACD is showing turning direction in bullish trend. Buy target: 24 - 26.5 euro (break of previous high) First stop: 33 euro Second stop: 40.5 euro Good luck.
Last days Augur (REP) finally rallied up hitting the September high of 26 EUR. From an Elliot wave perspective: Possible ending of wave one due to cooling down of price action. Expected pullback of wave 2 around 19 EUR (Fib 0.5) Wave 3 expected to go until 41EUR (1.618) which would be new all time high. Resistance expected around previous all time high which is...
Based on the two previous all time highs (September; June), DASH is expected to go all the way and a bit above the Fib 2.00 level. This is also shown buy red line. After DASH had a short retracement until the Fib 0.5 level, it now surpassed the 0.618 and seems to go strongly.The brokage of a possible dubble top is a good point to buy in and to ride the third...
It seems that XMR had a healthy pullback which could possibily be the second Elliot wave (0.618 retracement) and is now going for its 3th wave. Based on Fibs and previous highs, strong resistance expected at at the blue box area. If break through previous high (132), 147 EURO would be next target for XMR. RSI seems ready to support upgoing trend.
As DASH touched the 100(D) MA, which in turn was also the FIB 0.618 level, it might break which seems a long bullish flag pattern.The two most recent (longterm) upward movements were stimulated by the 100(D) MA as is displayed by the arrows on the chart. If DASH can break the FIB 0.5 level (251), this would mean a break of the bullish flag pattern with a...