martinbrits28

martinbrits28

Where will the next actionary wave start? If we assume correction abc (shown green) is done it will be the green scenario and we are about to start wave (iii) after green wave (ii) has retraced approx 90%. If the correction is not completed and we retrace to point (c) (shown gold) that is at 78.6% we should follow the golden route No financial...

martinbrits28

Similar to BTC, Cardano has retraced down to the bottom trend line (black) of the triangle where it has found resistance. It also appears to be the completion of sub-wave 2 (brown) which means we are about to start sub-wave 3 (brown) of leg 3 (blue). Not financial advice Educational purposes only

martinbrits28

A Bulls flag is forming on the 1-Day chart which may result in higher price action from here. This fits perfectly into the overall picture to complete sub-wave 3 of leg 5 No financial advice Educational purposes only

martinbrits28

BTC has retraced down to the bottom trend line (black) of the triangle where it has found resistance. It also appears to be the completion of sub-wave 2 (brown) which means we are about to start sub-wave 3 (brown) of leg 3 (blue). Not financial advice Educational purposes only

martinbrits28

Following the red impulse waves it shows the British pound to be in the correction phase and a possibility to go down to $1.24 should it also retraces 78.6% like sub-wave 2 (purple) No financial advise Educational purposes only

martinbrits28

So far XRP is following the waves nicely. With the market expected to turn to the bullish side she should be able to go all the way and finish wave 5 (blue). No financial advice Educational purposes only

martinbrits28

Maybe a shot in the dark and perhaps ahead of ourselves but a possible inverse H&S pattern is forming which will support the idea of a break-out to the top as per previous chart posted that shows the bullish tripple bottom vs the bearish descending triangle (see attached) It will be interesting to monitor and see how it plays out. No financial...

martinbrits28

The inverse Head & Shoulders pattern has set a target area around 0.70000 sats. This is also close to where leg 3 will end (Assuming leg 3 to be 1.618 of leg 1) XRP seems to be well on her way to meet the target ... No financial advise Educational purposes only

martinbrits28

After a successful break-out above the down trend line (dotted black line), BTC seems to be in an up trend (orange lines) where is busy forming a bullish pennant formation on the 30 min chart (Also evident on the 1 hour and 4 hour time frames). If everything goes according to plan and the ever unpredictable BTC plays its part we should have a break-out from...

martinbrits28

Blue leg 2 has currently retraced approx. 40%. (A) An ascending triangle (brown) has formed which may cause a break-out to the top and the continuation of leg 3 (B) If the correction of 40% retracement is not completed the red ascending wedge may let it drop to 0.5 Fib or (C) it may possibly drop to 0.618 Fib before starting leg 3 Wait for the break-out to...

martinbrits28

RLC has currently retraced 50% from leg 1 (red) to leg 2 (red) but it may go down to 0.618 Fib before it start moving upwards to start leg 3 No financial advise Educational purposes only

martinbrits28

Since ADA's recovery from the down trend a bullish pennant has formed with a potential target area of 0.00003500 sats. To enable us to achieve the target area we have to wait for the break out above the top trend line of the pennant ..... and also hope for BTC not to go down and negatively influence ADA'S performance. Currently the EMA 200 (blue) also appears...

martinbrits28

TRIPPLE BOTTOM (Bullish): BEARS were in control and now BULLS try to reverse the trend. Wait for break-out to confirm bullish price action. DESCENDING TRIANGLE (Bearish): If the tripple bottom fails to break out to the top it will give control back to the bears and go down further No financial advise educational purposes only

martinbrits28

If we accept 70% to be the total retracement of sub-wave 2 (blue) we should now be on sub-wave 3 of leg 3 which is a promising outlook. ADA is battling to break out above the trend line of the down channel but does have the EMA 50 (orange) as a lower support. I dont believe we will have to wait too long for the break out but of course it is a lot dependent...

martinbrits28

Although BTC is still trending in the downward channel we do see some signs of bullishnes by the forming of a bullish flag on the 4hr chart. Further bullish signs are the upwards momentum the last few candles (4hr) as well as leg 3 (blue) that needs to start developing now. Going higher will not be plane sailing as BTC will face a lot of resistance on her way...

martinbrits28 Updated 

Since Nov 2017 leg 4 has never retraced more than 50% Currently leg 4 (black) has retraced 50% which means we may just have completed leg 4 (also shown as the blue ABC correction of sub-waves 1-5) This leaves us with one option only ... and that is to start black wave (v). Also look at the 2 possible positions for leg 5 (0.0033672 sats or 0.0045874 sats) If leg...

martinbrits28

Cardano price action (1hr chart) is caught up in the ascending triangle (bullish) between EMA 200 (blue) that act as a resistance and EMA 50 (orange) that act as a support. Will it be able to get past the resistance and break out at D or will it maybe complete ABCDE to generate more power and momentum before it break out to the top .... Always wait for...

martinbrits28

Indecisiveness in the price action (4hr chart) causes a lot of side ways movement. This results in a bullish flag to be formed which may lead to higher price action. The momentum is upwards with both EMA 50 (orange) and EMA 200 (pink) currently serving as supports No financial advise Educational purposes only