picea13

picea13

Mara is continuing the move down to find a bottom. Notice in the past when Mara has found a bottom on the 5- day time frame and how price crosses the 5- day SMA/EMA, during the bottoming phase. I have identified an ABC based on my Elliot wave analysis and I’m definitely not and Elliot wave expert but that count makes sense. The C wave will finish as a 5 wave...

picea13

The one month indicates that Mara will enter a long drawn out consolidation once the bottom is found. There are imbalance around the $3.50 level that will most likely be visited. Mara failed to breakout during the crypto bull run and has lost long term support levels. The bottom indicator is Accumulation and Distribution , which shows there has been distribution...

picea13

just an observation,who knows what will happen, until it happens.

picea13 Updated 

Quick update of the progress of this last leg of the correction.

picea13

As you can see shapes and trend lines are constantly being adjusted based on price action and perhaps phycological factors play a role, creating and image that you want to see. It is important, to block out external noises, removing limiting emotions and focus on what the facts are on the chart. Enough of the dribble, Hive is nearing the apex of this wedge /...

picea13 Updated 

As ETH takes full control of $3500, ETC is on a crazy run and it is very profitable to mine BTC at $40,000, I would like to present you Hive that is clearly in a downward channel. Hive needs to hold the 200 EMA and if it does not the probability of the 365 EMA increases. It makes sense, it will inflict the most pain on the retail investor, even those that...

picea13 Updated 

Providing a quick update looking at the 6 day time frame. First, it is really important to eliminate the noise that exist with everything associated with hive or you will be frustrated, especially if you have a short term hodl window. That is why I present the 6 day time frame , which is showing the bullish trend is still intact. I have highlighted some key...

picea13 Updated 

That was a nice pop and it does look like it could carry through and be the breakout. Everything is on the chart and I most likely made an error with my Elliot wave. Final Note, I do not short Hive and only do long swing trades, just easier and safer with hive. Plus I have a decent size position so I rather it go up then down and today was good. The indicator on...

picea13 Updated 

I used capitulation in the title because it does appear that will be the objective of this correction. Big brother seems to be content on bring the most pain to the retail investor that bought at $2 or higher. In addition, they know that everyone is buying the dips and averaging down and will try to squeeze every penny from you. Everything is indicating that...

picea13 Updated 

I expect a pop tomorrow and at least a move to the trend line. As some are aware, Hive follows BTC, which I assume is easier for Big Brother and their desires. Funny how Law makers are quick to identify the need for regulation and how it protects the investor from Bitcoin and the crypto market; however, you have crypto stock on an a half-ass regulated exchange,...

picea13

I have identified a few options that could playout for hive. It appears hive is in a falling wedge , which appears more bullish then bear. Notice that 3.20 has not been violated, not even touched during the three dumps, could be bullish or big brother playing games but still at this time fame it is important information to build the bullish trend reversal. The...

picea13 Updated 

The correction will continue and it could drop into the red box or it could consolidate in the area that the price is currently. Weekly chart - The green and white energy are below 50, indicates bearish pressure continues, which can be a drop or consolidation. Note that the green line and white energy can do a shallow drop and start heading up.

picea13 Updated 

3 day Time Frame (TF) shows that we have completed the A and B and are in the process of laying out C leg. The Phoenix Indicator is showing similar pattern compared to 2018. The Phoenix is great for trend change, managing the trade and also following Elliot wave so when I say similar pattern this is the pattern for most ABC corrections. I have identified what I...

picea13

This is based on the 45 minutes, which provides reliable trigger for trades, with the use of a stop loss. This Swing trade usually runs for about 1-2 days but of course that varies. Identify targets based on support and resistance as I have done in my previous posts. All elements identified on the chart must be confluent: the MACD and histogram (I prefer it as...

picea13

Made an error with my Elliot wave count.

picea13 Updated 

I apologize for last few charts, titles can be misleading and my objective is to provide insight to what I see and hopefully help folks out and the head and shoulders thing was just me looking at charts and if it did playout it would result in about the similar results what I have identified on the chart. In no way is this advice just me working on my analysis...

picea13 Updated 

I did notice that there is a head and shoulders pattern that is forming and there was a similar pattern that formed during the same time back in 2019. However; there several differences when compared to current set-up. First the price action is above the 100 EMA and more important above the 365 EMA, which is bullish compared to the set-up of 2019. The Phoenix...

picea13 Updated 

STRAIGHT FORAWRD BREAK OF THE 17 (YELLOW DOTS) EMA AND TEST, WHICH IS CONFIRMED BY THE 2 (TEAL LINE)-6 (PINK LINE) EMA BUMP AND RUN AND THE HEIKIN ASHI PRICE ACTION IS BULLISH. IN ADDITION, THE PHOENIX INDICATOR BY DAVID WARD (TRADINGVIEW HANDLE IS WYCKOFFMODE) IS ALSO INDICATING BULLISH PRESSURE. MY TARGET FOR THIS SWING TRADE IS $8.03ISH, WHICH IS BASED ON...