Momentum is building up in what appears to be an ascending triangle. Something to monitor closely....
Watching ADA here. RSI and MacD are showing signs of bullish divergence. I’m a buyer on the breakout!
KRAKEN:XBTUSD Take a look at the gap that has developed on the futures chart. There's a strong possibility that this gap will be filled before BTC continues it's trip to the moon. I'm currently in a short position, targeting $8500 ish. Let's see if the gap fills!
KRAKEN:XBTUSD Jumped into a long position...
BITMEX:XBTUSD Round 2 coming up... Possible short.
Jumped into a long position based on the MacD crossover on the 30 min chart. Right stop @ 1%. Let’s see if she’s got legs.
Identify opportunities via trend lines / fib / support / resistance, and WAIT FOR THE BREAKOUT. For me, a breakout with a retest is an excellent play. Also, look for bullish divergence. Targeting a 1:1 extension, at least.
I’ve never used the pitch fan before, so this is purely speculative on my part - more so than usual, anyway. I’ve noticed how the lines seem to hit the retracement I was eyeing on this particular chart. So, once I saw support there, I entered a long position. So far, so good. Let’s see how it plays out. Anyone out there have experience with the pitch fan that...
KRAKEN:XBTUSD Take a look at this ending diagonal. That 5th wave doesn’t look like it’s quite finished yet, to me. What do you think? Is there another push up? OR Is this the beginning of corrective Wave A?
KRAKEN:ETCUSD Fibonacci. Retracements. Extensions. Let's give this beautiful chart the respect it deserves! Target for Wave 5 is at or near $10. Start planning your short, and ALWAYS use a stop loss!
KRAKEN:XRPUSD Let's look at this potential elliot wave count, beginning 5/14/19 thru today 6/1/19. Note the RSI bearishly diverging, setting up sizable corrections. These are some of the signals that catch my eye, prompting me to enter high probability short positions, with tight stop losses. My projected targets: This is NOT financial advice! MY KEYS...
COINBASE:BTCUSD I am no technical analysis master. I've been into crypto since the end of 2017, like most others. Over the last several months, I've become increasingly interested in TA, EW, and FIB. I've annotated the hourly chart back to the beginning of what I see as the 2nd cycle of the big picture. I would absolutely LOVE IT if each of you takes a...
KRAKEN:BCHUSD Take a look at BCH - 5 clear picture-perfect waves are in. Extensions and fibs look great. 1. Wave 1 retraced 78.6%. 2. Wave 3 hit 1.618 extention, and retraced 50%, right back to wave 1 territory. 3. Wave 5 made a 2.72 extention, in a diagonal. I'll be looking for a nice retracement to the 38.2% to 50% territory.
KRAKEN:XRPUSD Possible head and shoulders formation on XRP. I'll be looking for a break below the neckline, to enter a short and target the 0.39 region. Fib extension and golden pocket retracement zones seem to be a good landing zone. Wait for confirmation!
KRAKEN:ETHUSD There's a case to be made for a potential 4th wave still in progress. If this is the case, we might see a 50% - 61.8% retracement, bringing us to the low $200 ranges. Important to note that elliot wave states that wave 4 can retrace up to wave 1 territory (even into it slightly in highly leveraged markets), which is congruent with this...
COINBASE:BTCUSD is making it's way towards the apex of the triangle its been forming for the last 10 days. Wave B retraced 50%. I believe Wave D has already completed, and we will see a 50% retracement for a final touch around 7820. If we bounce off the lower trend line, I'll take out a long position with a tight stop just below the trend line.
It’s a great time to be in crypto! KRAKEN:ETHUSD is looking great as it works it’s way in this triangle formation. I took a short position when I saw it bounce off the upper trend line of the triangle, and I believe it will make one final touch around $238 - $240 regions, before it takes off towards higher highs. I could be wrong, and it may not reach down that...
KRAKEN:ETHUSD - keep an eye out for a breakout from this triangle formation. Will it break up or down? My money is on UP!