xtremerider8

xtremerider8

My Reasons are: Prices testing the lower channel for several days making higher highs & higher lows as if trying to get back inside the uptrending channel. The yellow box zone of 3.07 to 3.17 so far has been the classical resistance turned support. The ma ribbons are very compress already in the 4H chart signaling a BIG MOVE soon. My bias is sideways to up with a...

xtremerider8

MATIC already made an impressive 88% run from 1.44 last Nov 2021 to a new ATH at 2.709. Although higher high is still possible however be cautious as price is already far away from the ma ribbons & way above the Pitchfork channel. Is ABC wave 4 coming soon? Pls comment your ideas.

xtremerider8

After a 72% crash from Sept 2021, I think the Elliott wave ABC corrective phase has already completed.& a new 5 wave cycle may soon start after current accumulation box.(pink box). QNT is trying very hard to close a daily candle above 187 for several days. Aggressive entry is to wait for breakout above 187, then 197. Conservative entry is to hope for a retracement...

xtremerider8

XTZ have a sideways to downward bias after having rose already 21% from yellow support zone at 3.87. XTZ bounced off yellow zone & blue zone which it is trying hard to hold. Right now it is encountering 2 downtrending lines generating selling pressure. Breaking above these 2 trendlines may signal wave 4 bottom & start of final wave 5. If BTC moves, Altcoins will...

xtremerider8

Until XAUUSD breaks out of triangle, we can range trade from 1765 to 1833 with the psychological level1800 holding gold down

xtremerider8

Update: Maybe I was wrong. BTC trying to breakout falling wedge. It went from 46k to 49k in a flash. Bearish scenario: My previous thesis for 40-42k Pitchfork green line proven support is still valid unless BTC breaks above 50k. Bullish signs: BITO & SPY just made an ISLAND REVERSAL. Maybe the Dec 20 fear is just overblown. Various signs to consider: VIX...

xtremerider8

BTC so far respected pitchfork levels in this weekly chart since 2021 always supported by the red median dotted line except the May 2021 30k crash which was stopped several times by the green line. BTC again may find support again at this green line which may be anywhere b/w 38k to 40/42k zone. 40-42k is also the support area for the 2021 violet trendline. Worst...

xtremerider8

W-Gartley: BNB now bouncing around 520 retesting the neck of the W-Gartley pattern. After that it will break 558 before attacking the psychological 600 level. TP is 840. Bullflag: Breaking 600 will also mean breaking out of a bullflag with TP at 952. Cup & Saucer: breaking out handle at 600 w a TP at 1038. If you like this post, pls follow & share.

xtremerider8

EWZ Brazil Etf building a base where you may swing trade the 31 to 48 range. Cut loss below 26.50 the most recent low for a good risk to reward ratio. In this weekly chart, I think the ABC down from May 2008 top is already completed in 2016 & we are now in the wave 3 of the new cycle. If it bounces from the 27-28 zone, there is a 50% potential upside in this...

xtremerider8

Guys my FIRST POST today so be kind. Pls follow like, comment & share. Appreciate your support & encouragement to post more BTC respecting the diff levels of pitchfork I plotted using Oct to Dec 2020 pivots, w overhang in April 2021 due to euphoria right before the crash to 29k. Fibonacci from recent top of 69k, it is now chopping down nearing the 61.8% zone. If...

xtremerider8

As long as ADA Cardano maintains higher low @ 1.16, it is still in uptrend & will at least go up to the median (ALWAYS RETURN TO MEAN) of the PITCHFORK around 2.4 & break it up to make a new higher high completing the BIGGEST WAVE 3. See how prices PAUSES at the diff levels of the FORK w violent overhangs due to GREED & FEAR. SELL if it breaks down 1.16 coz next...