petermoo

petermoo

since i've published the previous chart here , BTCUSD broke (1) the channel (2) 38% fib zone (3) 50% fib zone and theres no sign that the bears are stopping, they have gained momentum and is reaching all the way down! Things will be bad if they manage to pass through the entire fib zone with no hesitation . The next level of support will be the 161.8% price...

petermoo

Hello friends! Just a quick update on my analysis yesterday : Here are some things to be positive about : 1. BTCUSD sitting quite comfortably on the support of wave 1 Fibs retracement you can see that the same level has been tested on the previous correction a and it holds up pretty well! also, there was a short period of uncertainty before BTCUSD...

petermoo

News is all over the place stating that Binance is compromised!! And here , Binance has acknowledged the fault and is looking into it. Immediately after that, a bearish candle appeared and broke the 200MA and even went down to pierce the upper channel (blue line) and enters into the fibs retracement zone of wave 1. However the bulls immediately stepped in to...

petermoo

As you can see from the charts BINANCE:EOSBTC begin to downtrend since January obeying the channel 5 Waves counting is coming to an end as confirmed by the RSI If you examine closely, every impulse downward created a lower low in the RSI However the 3rd wave, usually the strongest, created an extreme low point This makes wave 5 extremely difficult to create an...

petermoo

As you see from the charts, since december BITFINEX:BCHBTC enters into a triangular downward correction, ABCDE. as it reaches the APEX, a breakout is expected Coincidentally at the end of correction E, the Gartley pattern formed! And right at D, you can see that stochastic is oversold, giving us a signal to go long. 3 Reasons to be bullish 1. end of ABCDE...

petermoo Updated 

Immediately after Butterfly pattern is formed, Bullish price action appeared. And managed to close above 14 MA. Continue upward toward 50 MA. No signs of slowing down!

petermoo

neck line is at approx 12k And this is the zone that the price needs to breach to complete and confirm the bullish pattern.

petermoo

Bitcoin has been trending in a channel for weeks! And could well be in ABCDE correction (see here) If so, currently it's at D and could go down to E at $3k+ BUT, if prices breach this channel decisively, then we will see a bull run! Currently prices at Wave 4 Zig-Zag Correction, which correctly goes down to Wave 4 of a minor degree Wave C of Zig-Zag is about...

petermoo

In weekly chart, USDJPY just completed ABCDE correction (View here ) 1st impulse wave completed Now undergoing Flat correction ABC C wave is about to complete, go long after 5 wave down in minor degree Confirm with Elliot Oscillator And check for divergence Good trading!

petermoo

Currently at Wave 4 correction ABC Flat Correction Once it's done 5 pulse downward at minor degree of C, go LONG to complete wave 5 Check Elliot Oscillator for confirmation