zippy1day

zippy1day

We have broken the upper diagonal and now have higher targets insight!

zippy1day

It appears that we are trying to make a "breakout" from the ABCDE Triangle?

zippy1day

Another example of an Inverse Head & Shoulders Pattern making the absolute target and now come down to test the 21EMA and neckline! NB: Bitcoin similar outcomes.

zippy1day

I think this has merit for the long term but short term we have to hold $33,025!

zippy1day

It is interesting to note that Bitcoin is "Contracting" or compressing/squeezing around the neckline of the previous Inverse Head and Shoulder pattern so the question being which way will it breakout?

zippy1day

Another example on a smaller time frame which has made absolute target!

zippy1day

Most would consider this a busted pattern, but if you applied Bulkowski's formulae you would see it made his target if not the absolute as shown before! thepatternsite.com B + ((NL – HL) * 71%) B = Break of neckline NL = Neckline HL = Head Low 71% = Percentage meeting price target

zippy1day

Nice move after the "Inverse Head & Shoulder" pattern! thepatternsite.com

zippy1day

In my eyes this is looking like a "Leading Diagonal" in a bull market with already making a 5,3,5,3 & (5?) sub-waves. thepatternsite.com

zippy1day

I guess we have taken the elevator down now and with any luck now embarking on the "Stairway to Heaven"?

zippy1day

Are we at a tipping point with Bitcoin reaching what I consider "Fair Value"?

zippy1day

In the last 24 hours the Crypto Market seems to be moving in unison :)

zippy1day

It is interesting now to see the "Inverse Head & Shoulders" was the target for the local low retest($28600)!

zippy1day

I believe this "Falling Wedge" pattern could be a corrective higher Primary wave 4 after completing Intermediate (5)? We look to be making a wave c in a bottoming phase yet to play out before seeking Primary Wave 5?

zippy1day

This in my opinion adds to the difficulty with "ALTCOINS" with Elliott wave but the Intermediate Wave(3) is longer than Wave(1) so it does comply! thepatternsite.com

zippy1day

If this is not a raging bull somebody please tell me why not.....answers keep polite please!

zippy1day

If we progress up from here this would be my best idea that we have completed Intermediate Wave (5) and correction in Primary Wave 4 and now in higher degree Primary Wave 5 obviously the latter being open to debate and in doing so complete Cycle Wave III?

zippy1day

My primary count is bullish but some Elliotticians also see a bear scenario much like Bitcoin!