Wave Degree Rule 1: Wave 2 cannot retrace more than 100% of Wave 1. Rule 2: Wave 3 can never be the shortest of the three impulse waves. Rule 3: Wave 4 can never overlap Wave 1. if one of these rules break elliot wave is off the table. Relation Between Fibonacci and Elliott Wave Theory • Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1 •...
breakout reach= depth of the cup + 18.4$
litecoin is one of the oldest and prbbly of the undervalued coins in the market. Litecoin currently has a market value of $ 3.3 billion versus $ 120 billion for Bitcoin. 4x more supply , 4x faster block confirmation, easier to implement new tech.( lightening network and atomic swaps.) The BTC / LTC ratio started at 0.005 early this year and is currently 0.008...
At the moment neo is in a ''long'' situation' but btc is in trouble so you might want to buy it cheaper also 50 ma crossed 200 ma on the 4h chart
Situation report: a bullish morning star appeared on the 4 hour chart of BCHUSD (see rectangle)that could confirm that BCH is on its way to the second resistance. Also 50 ma doesnt show any signs of downward movement on the 4 hour chart. See also my BTCUSD chart in related ideas. OBV and Accum/Dist are still in divergence
prbbly because of asians buying on binance. but for now my target area is between 0.0036 and 0.004
OBV and Accum/Dist in cup and handle i think we can see huge volume Ive set my target at 600$
Yesterday BCH didnt breakout and double bottom pattern didnt confirm. now it looks like its in a falling wedge pattern. Any upward breakout of the red line could lead for a reversal. Also tere might be a relationship with BTC,when BTC goes down, BCH goes up. Next thing thats interesting is that OBV and Accum/Distseem to be in a divergence while there is a price...
Adam & Adam double bottom breakout. BTCUSD is in critical range it seems it broke out downward from the pennant.
BTCUSD might be in a ABC correction. if so with the pennants it might be the B wave retracement. first resistance fib 0.618 second 0.382
Diamond Bottom Breakout pattern Charts downward open parabola volume upward open parabola
50 ma is very strong. buy now get plusminus 20% if youre daytrader or hodl for 240$
It looks obvious that BCHUSD is in a Cup with handle pattern. we can see that from the MACD and RSI. With this as forecast we can also conclude that after handle correcion it may move up to around 2500$, whether the correction is before the fork or after, future will tell. Im currently not long or short im just riding the waves.
right angled broadening formation just broke downwards. if it doesnt hodl current state: firste test is around 0.618 fib (current state) second test is around 0.382 fib third test is around 0.236 fib