Real quick. Here's is the inverse H&S pattern that the masses on TV were spotting. The right shoulder that had formed (first one) looked good at the onset, but was not confirmed by volume. Thus, you will read in my last several posts, I was skeptical that it would give the bulls the strength needed to pass though massive overhead resistance. My skepticism has...
Well, Bitcoin has been actually making me look good the last several weeks. Projected pattern has been followed EXACTLY as expected thus far. You will find the related link of my previous post below but let me summarize it quickly for you: - Inverse H&S was spotted by the masses on tradingview, but I remained skeptical that these bulls would have the strength...
Little brother is traveling south. But where's he going? - Next stop is $172 - Below that $160 (the top of my previous buy zone) - He may even want to kiss mother 200 day one more time at $140 before coming back. These are your levels for the next week. A good zone to cast your buy ladder is anywhere from $160-$172. Set a couple of buys between $140-$160 as...
Well, that escalated quickly! And, surprise-surprise, we have found our long lost brother, volume! Not long after I hit the "POST" button on my last idea this morning, (), we started heading quickly to the target range I had predicted. We are still not there yet so hang tight. Here's what I see as possible scenarios: - One, a sideways day or two before...
Ooooh, everyone loves to be the first to spot and call a bullish pattern and/or run, don't they? And when everyone spots the same pattern, that is exactly the moment you should become skeptical. Especially, when whales are in the game attempting to manipulate outcome to their benefit. So, what I see here, and keep in mind this is according to the Bitstamp chart...
Just a question. Don't get all up in my grill, yo. But I don't see your man crush. Cuz, if he ain't coming, then why are you asking me to go. See, the problem here folks, is while everybody is busy calling this inverse H&S, which is supposed to take us through all that massive overhead resistance, I'm just not seeing any volume on the right shoulder. It seems...
Bitshares looks ready to break the correction phase of wave #2. We have completed A-B-C-D of the correction phase (also coiling pattern, or triangle). There is still the (E) touchpoint that has yet to complete, but also, may not. We could simple break out of our triangle here at (D) and continue upwards. Either way, this is a long range projection target. Wave...
Well, in a rare instance of predictability, Bitcoin has plotted the expected course precisely (see related post). I am expecting us to still cross our 200MA (current resistance) on the 4hr and hit our heads on that ever looming $12,600 QUAD resistance overhead. Whether we make it over that or not is still TBD. At the very least, traders would be advised to take...
A quick look at STEEM shows me we are in a longer extended triangle correction with A-B-C-D-E Elliot touch points. Now, sometimes the (D) touchpoint also becomes the breakout. I am unsure of the percentage here and am hoping a comment warrior can help me out but for sake of the illustration, I'd say that maybe 60-70% of the time we will travel down to point (E),...
Little bro Litecoin has done quite well for us as of late. If you are a follower of mine, you have seen my signal posts readying all traders for the entry of our buy zone (see related posts) as well as my updates warning of our exit out. If you bought in the buy zone predefined, congratulations! You've done quite well! Now you may be considering taking a bit of...
Here's my analysis on this little sleeper: Looking at the charts I see a beautiful cup and handle has formed and is nearing completion. The handle, which is also a descending triangle with a near perfect ABCDE correction touch, is almost near the final bottom touch (E). This is also the correction phase 2 of Elliot's 1-2-3-4-5 waves. Combining Fib retracement...
Here's what ole' BTC is currently looking like: We've broken down out of our descending wedge and down out of our descending channel, capitulated, and have now move back up into both. On the daily, we are attempting to swim above our 200MA. It appears we are wanting to form an inverse Head-and-Shoulders pattern on the 4 hour. Volume has confirmed the left...
Litecoin has entered our buy zone! After a long and torturous descent, LTC has finally entered into our buy zone. Currently, in a descending wedge pattern (purple), LTC has bumped both upper resistance and lower support several times. We are running out of room in our triangle. LTC will be forced to decide where to go to get out. But which direction will it go?...
From what I see, we are still in an ABCDE correction (purple triangle). We could not close and confirm above the topmost black uptrend line last night on the daily. This is a significant development. We also have not broken out and above our purple triangle. This too is significant. Additionally, it looks like we may have one more corrective wave down (wave...
Here's what I am currently seeing. Looks like Bitcoin sellers are done for a few days. We could go up to $14.3k before BTC must make a decision. At this point, if the bulls have enough strength, we break out of the channel and continue up to my targets outline here and in previous posts. Target #1 - @20k Target #2 - @28k Or ...we continue down. If we go down,...
Here's what I see for little bro, Litecoin. We are currently in a descending triangle. Bulls are still weak. With light volume they could push us up past $219 resistance to $230 strong resistance, but unless there is some major bullish news, we will simple knock our heads on this ceiling and continue downward. If bulls continue to be weak, we'll eventually...
$12600 support has held and our new cycle has begun! Yay! Take a look at the chart. With the extended consolidation, it became necessary for me to update my targets. This extended consolidation allows me to also extend my target(s). Notice I have two now. So, what is going on here is that it seems we are in a wedge. Elliott Wave dictates an ABCDE touch and then...
I love the way VERGE is playing out. If the base of our triangle fails to hold at the 50MA we could retrace back to $0.07 (or .236 Fib). Right now we are in the buy zone. I'd set up the bulk of your buy orders here, between .07 and .11. Then, have a few above and below (just in case). Our longer term target will be around .76 cents! 800-900%+ profits. I'll...
