martinbrits28

martinbrits28 Updated 

Eight points of interest to make me believe sub-wave 5 (orange) - and therefore leg C is completed and we may be ready for a retrace very soon. No financial advice Educational purposes only

martinbrits28

The pattern on the previous chart posted didn't complete wave "e" as anticipated but went down to form sub-wave 3 of leg a (ABC correction) The current count on the Elliot waves shows a few more bounces to complete the rest of the sub-waves and the correction before we see green. There is also a bullish divergence to confirm upwards movement to complete sub-wave...

martinbrits28

Although the RSI on the 1D and lower time frames are showing signs of over sold the higher time frames a well as the Elliot wave count shows there is still room to go down to 0.0009000 sats It also represents a 78.6% retrace. No financial advice Educational purposes only

martinbrits28

We still have to finish leg e of abcde before we go down and maybe the ascending triangle can help us achieve that. No financial advice Educational purposes only

martinbrits28

Can the BULLS fill the gap to complete E and reach $6900 before the downward correction starts or will the BEARS be too strong and make them fall downwards through the wedge earlier ? If E is reached and market turns BULLISH the green path will most probably be followed. If it stays BEARISH the red arrows are more likely to be followed No financial...

martinbrits28 Updated 

Yes i know it is way to early to speak but it won't cost you anything to keep an eye on NANO. From 17 March one complete shoulder of a possible Inverse H&S pattern has formed as well as half of the head. Should this pattern continue it may be completed in the in the next 2 - 3 months and huge profits may follow ..... No financial advice Educational purposes only

martinbrits28

BNB is currently retracing to complete blue sub-wave 4, We know that wave 4 cannot overlap wave 1 which means we can expect a max. retrace of between 50% and 61.8% fib. A possible buy zone (3-4 weeks from now) to place buy orders is indicated in green between 0.0020000 sats and 0.0021000 sats No financial advice Educational purposes only

martinbrits28

Looking at the 1hr chart... A BULLS flag has formed with the potential to break out to the top. However the same has happened 20-22 June but was followed by a massive drop instead of the break-out to the top... What will happen this time around ? With a lack of volume and BTC not too much worried about chart patterns the odds seems to be favoring the...

martinbrits28

The initial call of $5000 was based on the possibility of one more repetition of the bearish cycle as indicated on my previous chart (see attached) However, the sudden pull back of the price action into the blue descending wedge may change the scenario to include a second option..... We may see a correction wave towards $8000 and a possible break-out from...

martinbrits28

A pennant is currently forming and since BTC is in a downward trend the repetitive bearish cycle may continue one more time before we see a possible reversal at $5000 where it will meet huge resistance No financial advice Educational purposes only

martinbrits28 Updated 

BTC finds itself in a downward channel since the beginning of May and continuous bearish patterns forms and keep pushing it down. We are getting close to the top trend line again and we may see another drop soon.. No financial advice Educational purposes only

martinbrits28

With XVG in a downward trend the probability is high that it will break out through the bottom of the wedge and visit the buying zone. No financial advice Educational purposes only

martinbrits28

BNB is currently on sub-wave 3 (brown) of blue wave (v) and althought the RSI shows overbought signs there may still be plenty of room for higher price action before the Coin burn on 01 July. A price range between 0.0029000 and 0.0030000 seems to be a reasonable target... No financial advice educational purposes only.

martinbrits28

The BTCUSD 4hr chart over the past 4 days has resulted in a descending triangle which indicates that BTC may go down to at least $6300 again. No financial advice Educational purposes only

martinbrits28

XVG may be heading for a double bottom as part of ABCDE pattern in the descending triangle. Should the pattern plays out the green box will be a good buying area to secure nice profits on the way to D over the next few weeks. IMPORTANT !!! Wait for the double bottom and break out to the top to be confirmed before any action is taken No financial...

martinbrits28

A retracement to the golden pocket (0.618 fib) can secure a good buying opportunity around 0.0013000 sats area. No financial advice Educational purposes only

martinbrits28

It appears ADA will have to complete the abc correction and go down to approx 0.00002200 sats before it will starts with the next impulse wave upwards The downwards wedge also indicates a break-out to the top. No financial advice Educational purposes only.

martinbrits28

It appears as if one has to get in once the ABC correction is done (which basically counts for all coins) and get out a few days before the coin burn. Interesting to note is that the ABC correction has never been more than 50% to date. No financial advice Educational purposes only