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XLMUSD (Lumen) Stellar DWN2 $.0.38000 then 0.60ish XLMUSD (Lumen) Stellar 05/01/18 9 p.m. EST by MMansfield. Hi trader friends! Stellar Lumen (XLM) appears to be at or near a Wave 3 high. This should be followed by a pullback to 0.3200 area (previous Wave 4 territory) then another wave higher that could take it into the 0.60s. REASONS: The longer-term cycle (blue) is strong up until mid-July so there is still likely much power there. Two of the three Elliott Wave impulse waves tend to be similar in length. Wave 1 was tiny compared to this completing Wave 3. So, with the LT cycles up for 10-11 more weeks, it is reasonable to vote for the remaining 5th wave to look more like Wave 3 than the tiny Wave 1. Thus, another double is possible! The topping Wave 3 (now or soon) idea is supported by the wave structure, the dropping momentum with bearish divergence on some oscillators, and less volume on last push up = short-term weakness. DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Michael Mansfield CIO
BITTREX:XLMUSD
by UnknownUnicorn1613901
6
ADABTC (Cardano) BUY @ WolfeWave & Prior Wave 4 Low area.ADA/BTC (Cardano) BUY, 05/07/18, written 9:45 p.m. EST, by Michael Mansfield Cardano's Wave 4 is likely bottoming at or near the Wolfe Wave trend-line (dashed black line). The low came a day early to what was optimal but within the 5-12 days that I expected the retracement to last, and mentioned in the prior Cardano post. Nevertheless, even if the low is in, the correction may end up more complex, which is fine. A Wave 5 move up should unfold to the Gann Fan 3/l line (blue downward angled line labeled Elliott Wave V & 5), which is also where the 50% retracement level of the January high to March crash low is, and where an Andrews resistance line (solid black), all meet. The price area mentioned above should provide very strong time & price resistance. However, should this expected rally have a steeper slope and more volume than April rally, this wave count might be one degree too low, thus it would more bullish than I currently show. The low will likely be confirmed if and when Cardano breaks the down channel resistance line (black line closest to current price). Once the forecasted Wave 5 top is in, I would then expect a larger degree ABC correction down (labled A B C in red). Then repeat 1-5 back up later in the summer. NEGATED IF: This outlook is negated and would then be bearish if the ADABTC fails to break the Gann Fan 2/1 line (blue downward sloping line at Elliott Wave 3 area), within 10 days and/or it breaks 0.000027 to the downside. ----------------- BUY idea: Buy @ 0.00003650 or better (currently @ 0.00003635, probably OK to buy up to 0.000038). Initial Protective Stop Loss @ 0.000027 Move stop to 0.00003350 if .000040 is reached, Consider exiting 1/3 position @ 0.000041 and move remaining position stop to break-even. Wave 5 target is 0.00005264 so exit another 1/3 at 0.000052 and trail stop below 2-3 day low at that point. If the correction turns out to more complex, as mentioned above, it should be OK with the stop we suggest. (See prior Cardano post from 05/03/18, for zoomed out view). We will try to let you know if the waves unfold as expected in order to pinpoint the high time and price, or if the outlook becomes more bullish or more bearish. RATIONALE: Cardano fell into the Wolfe Wave (Wave 1 - Wave 4 trend-line) target area, which also met the Elliott Wave's prior Wave 4 target area. The current low was almost exactly at the expected price from the prior post, and 5 days from the top, if you count the top day, which was a large range outside bar reversal down. Volume has declined since the high on 05/03/18, which is expected if this is just a correction. If it was a new bear phase, volume during the sell off should have increased, but It did not increase. That is bullsih. The sell off of 5 days showed very low momentum. This, plus the declining volume means that the selling was likely almost all just profit taking, with no large short positions. This is also a bullish sign. ------- TRADER TIP: A bullish Wolfe Wave support price target line is drawn from the Wave (i) high to the Wave (iv) low (opposite for a bearish Wolf Wave resistance price target line). In either case, these are supposedly the average minimum price expectation for a pullback or retracement. As always, use this tool prudently along with other supporting/confirming techniques. DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Michael Mansfield CIO
Long
by UnknownUnicorn1613901
1
BATBTC (BAT Attention Token) Potential Triangle Breakout!BAT @3:47 a.m. EST 04/22/18 Hi trader friends, I'll be BATman today and suggest you join our cause as we demand fairness regarding information and access to our favorite markets because there are "leaders" out there trying to suppress this entire space. Meanwhile, BATBCH has a potential triangle/pennant breakout trade opportunity pending. I'll keep it short. Consider the following: Buy the support at Wave "E" with a stop below the solid red line, or Buy a breakout above Wave "D" with a stop below Wave "E" Sell below the solid red support line below Wave "E" with a stop above the current most recent swing high that is labelled Wave "D." Use the colored arrows as general guidelines for what I expect for the various trade scenarios. SUMMARY OF BAT via REDDIT (See link for authorship and other BAT details after you check out some of our other charts. ;-) What is Basic Attention Token (BAT)? Basic Attention Token is a decentralized digital advertising platform based on the Ethereum blockchain by the inventor of the Javascript programming language and co-founder of Mozilla and Firefox. The platform is comprised of several components, including a digital ad exchange (which allows advertisers to purchase ad space and user attention), analytics dashboards (for ad campaigns), ad matching algorithms, attention measurement systems, reward programs and more. The BAT token ($BAT) is an Ethereum-based ERC20 utility token, utilized as the unit of account for attention within the wider BAT platform: Advertisers will transact in $BAT to purchase advertising space and user attention; Publishers and content creators will receive ad revenue and user contributions in $BAT; Users will earn and be rewarded in $BAT for their attention (“ad revenue sharing”). For example, when users choose to view ads from the BAT ecosystem, they will be compensated in $BAT for their attention. -------------------------------------------------------------------------- DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Michael Mansfield CIO
by UnknownUnicorn1613901
IOTAUSD (IOTA) Cycles, Tigers & No Bears, Oh My! IOTAUSD 2018-0419 12:49 a.m. EST. Mansfield Hola trader friends! Looking around cryptoland, it's easy to see that many of the main cryptos were kicked off “Down Channel Road” or thrust out of “Falling Wedge-ville. Ah, but they moved up to greener pastures! If you missed the many easy breakout around cryptoland, I have a pending buy setup, so take a look at IOTA. It’s a favorite of mine because: • It’s completely decentralized and is not mined in a traditional sense. Instead, IOTA utilizes the individual computing power of its user's base phones or computers, not dedicated mining farms, to hash and record transactions. You validate your own transaction once you have validated two other transactions within the network/tangle. • It is virtually infinitely scalable. • It can currently supposedly handle 1000+ transactions per second (TPS). Some say it will eventually provide many more TPS. Ripple can supposedly do 1500/tps but it’s a more or less a centralized technology that is your banker’s potential best friend, not the typical crypto crowd’s favorite structure, even it if can make them greener. Meanwhile, Bitcoin can only do 7/tps, with Ethereum at 300/tps. • ITOA is feeless! Why? Because it relies on a new machine to machine transaction protocol via the IOTA Tangle (think blockchain without traditional blocks) that uses a form of Directed Acyclic Graph (DAG=tangle) technology, that looks like an AI neural net schematic. • Offers offline transaction. So what is the catch? What do you think? We would love to hear your opinions. SITUATION: IOTA exploded upwards from it’s falling wedge-AKA diagonal triangle-and granted cryptoland a captivating 75% move off the low! IOTA looks like it is currently just hours-perhaps 1-2 days before the top of its first wave up (labeled 1, medium blue line). After this quick sideways (now?) to lower correction, there will be an opportunity to reenter the likely new uptrend (even if it is a large retracement of the crash) near the upcoming minor Wave 2 low. This buying opportunity will likely be 3-8 days after the Wave 1 high. If this 1st leg ends up with 5 waves, which seems to be the case, then we will very likely be in a new trend phase up, not just a reactionary bounce. (Also see my EOS charts for the pre-breakout trade and cycle and wave projections.) TRADE IDEA: Consider buying ITOA into the pending Wave 2 pullback. After the W2 low, we should see at least one more wave up, even if this is just a correction of the crash. The up move looks impulsive so far, so we should see two more up waves to around 3.10 (w3 area) and 3.65 (w5 area, a 62% retracement). We could possibly see 4.40 (a 78% retracement). So consider being a tiger on this one. Note, that this 5 wave up sequence will likely be a just a larger Wave 1, meaning more to come if this wave count is correct. CYCLES: Note that the longest cycle (blue) is the dominant cycle, as such, it will typically override the other cycles. The best situations arise when two or more of the cycles are heading in the same direction. Choppy markets occur when cycles are out of phase with each other. I have deleted a longer and medium-term cycle for clarity. And, there are other cycles as well, but I think these are the ones to watch for now. The market popped up right on schedule with the longer-term cycle low! The short-term cycle (pink), medium cycle (green) and the longer-term cycle (blue), are currently moving up together with the two shorter-term cycles topping soon. The current medium-term cycle (green) is topping within 24 hours, while the short-term pink cycle tops 3-5 days later, so be ready. However, because the long-term cycle recently turned up, the Wave 2 correction could be brief or sideways as it has traded recently. DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Michael Mansfield CIO
BITFINEX:IOTUSDLong
by UnknownUnicorn1613901
1
VergeBTC Surfing a W4 Pullback Buy SetupVerge/Bitcoin, 240 minute bars, 041118, 10:11 p.m., EST. Fast post: Hello traders, it appears that Verge is on the verge of completing a Wave (4) of lower degree pullback. This is not a particularly high confidence wave count, it is a decent pattern trace If true, there would then be two more rallies remaining. We would see a Wave (5) of bigger Wave 3, then a retracement to within the current W3 to W4 area, then one possibly one more high, if this analysis are correct. Note that this apparent correction down could still become a zigzag pattern that pushes below the lower triangle threshold line I have drawn, and still be a W4 pullback, thus still bullish Situation: 1. A valid breakout up out of this triangle would likely occur at 0.00001270. 2. First target at 0.00001497 area, 3. Second target at 0.00001594. 4. After this up move, a larger degree Wave (4) pullback into the current W4 area is likely. This shoud be followed by one more wave up to complete the 5 wave sequence and a larger degree top, labeled 1, in black font. This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you, for your risk and your liability alone. PAST TRADE OR ANALYSIS PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING CAN BE VERY RISKY, WITH THE POTENTIAL OF LARGE GAINS AS WELL AS LARGE LOSSES. Be safe and enjoy yourself. Make it a great day! Michael Mansfield CIO,
by UnknownUnicorn1613901
EOSUSD (EOS) Pending Wave 2 low for BUY breakout. ELLIOTT W3/(C)EOSUSD (EOS TOKEN) 12 HOUR BARS, 040518, 6:43 pm, EST. Michael Mansfield, CryptoPlayhouse Pending breakout buy ABOVE the recent Wave(I) high of 7.28, or a bit lower for the more aggressive. 1. Selloff since January, while deep, still looks corrective, with wave highs overlapping wave lows, which by definition is corrective in nature, but there are no guarantees in trading! 2. Recent rally from low of 3.87 on March 8th looks to be a clean 5 wave advance off the low. Thus, a potential new impulse trend may be forming that could be a large Wave 3 advance, or possibly a tradable large wave (C) bounce to 9.85-12.50. 3. Pullback from the March 21 high also looks corrective with swing highs overlapping swing lows. 4. Bullish volume spike up from March 18th low to March 21 high, while volume decline sharply during this pullback. 5. RISKS: We are aware of the possible break below blue dotted pitchfork trend-line. If so, that would be very bearish for EOS. 6. BTC cycle analysis suggest intermediate cycle low is due between April 4-10th. if accurate, it should help push things along. 7. BOTTOM LINE: We are positioning for a Wave 3 advance (or large bounce) due to begin within 12-48 hours, else this pullback is more complex. NOTE: Our long-term Bitcoin, DOW and SP500, multi-cycle analysis posts are pending. You will definitely want to see those, so make sure to follow us! ------------------------------------------------------------- OUR TRADE SETUP. We are looking to: BUY: 1 unit @7.35 stop to open (conservative, more confirmation, but bigger stop loss risk); 1 unit @7.12 (more aggressive), BUY ON STOP TO OPEN, for each unit. (And possibly 1 unit on a 15 minute chart pullback IF and once 6.17 is exceeded to the upside. The two day high is 6.14, so watch that closely.) INITIAL STOP LOSS @ 5.11 for the top two main breakout trades. BREAKEVEN AREA @ 9.75-12, so we'll look to take 1/2 profit at break even area, depending on wave pattern and momentum. TRAILING STOP: Will trail stops below lower pitchfork S1 support line, or @ ATR VOLATILITY SAR (not shown, TMI), OCO exit @ smaller upper fork R1 resistance line, OCO exit @ 18.23 profit target, or at largest fork's upper R1 resistance line @ 21.20 area, depending on pattern and momentum. INDICATORS & VOLUME SHOULD CONFIRM BREAKOUT. Do not be fooled into a trade too early just because of this analysis. We wait for the breakouts. If volume does not move up, we reconsider or bail out. NOTE: TRADE OUTLOOK CANCELED IF 4.66 IS BROKEN TO DOWNSIDE BEFORE ANY UNIT IS FILLED. ----------------------- PAST TRADE PERFORMANCE OR ANALYSIS PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING CAN BE VERY RISKY, WITH POTENTIAL OF LARGE GAINS AS WELL AS LARGE LOSSES. This analysis is meant for purely educational purposes. Any trade you happen to take based on our analysis is for your risk of loss or gain. We have NO liability for your decisions to follow us, here or at another other time, due to what we write or do. Trade at your own risk or not at all. Our analysis is the current opinion of the individual author and can change at anytime without notice to those who may have read this. This analysis is neither investment advice nor a guaranteed science, but rather an informed attempt at predicting future movement based on historical data AND emerging patterns! We genuinely hope that you pick up some techniques and learn to profit along the way. If you find this post interesting and helpful, please click like and share widely. Thank you and good luck!
BITFINEX:EOSUSDLong
by UnknownUnicorn1613901
EOSUSD (EOS Token) PYRAMID PATTERN BREAKOUT PENDING.EOSUSD (EOS Token) LOG Scaling, 041118, 3:32 a.m., EST. Michael Mansfield CIO, CryptoPlayhouse. Today was an interesting day, one where my former ability to see more market patterns in 3D, came back to me after a very long hiatus. So I built a playful (definitely not precise) pyramid on one or my favorite up and coming Distributed Ledger Technologies (DLT) tokens, EOS. During the past week I have completed EOS chart analysis on several time-frames, and included a detailed Elliott Wave analysis of EOS, as well as the dominant daily cycle, which, is trending up now (see provided link). In another post I showed what appears to be a bullish cup and handle pattern underway. For this and my other recent EOS scenarios to become fulfilled, we need a VOLUME spike on a ATR X 1.618 up day soon, else it's likely down the tubes for EOS. The last 5 bars hand very low relative volume but those were also narrow range days. CURRENT SITUATION: EOSUSD is tagging the upper resistance line of a smaller Schiff pitchfork (black). A breakout up of this resistance line would portend a move to around 10.01, possibly higher. Conversely, failure to breakout above this black pitchfork withing 48 hours, and on relatively high volume, will likely lead to a drop to the lower and larger green pitchfork resistance line at 4.56-4.60 level (sloping up). If that level is broken, then 1.70-1.30 would be in the cards! Thus far, that appears less likely, but its running out of time to do this pattern justice. The left and center red lines of this, ahem, pyramid, are formed by a Schiff Pitchfork (derivative of Dr Allen Andrews' Median Line Pitchfork). The lower right red line simply contained the recent market lows, and I attached it to the far right red line which I drew from a Fibonacci Speed Resistance Fan line angle. Fibo Fans and Gann Fans can offer traders both time and price analysis of where a market might go, and when. Whatever type of analysis you do, you want it to work, so at least to some degree, it must fit and capture the actual market path, and give you a decent idea of that path continuing, and/or knowledge of where the path is likely to reverse direction, else you may lose your shirt. Andrews and Schiff median lines and pitchforks will often do just that. Another software I have draws these lines autonomously. Did you hear that, TradingView management? PAST TRADE OR ANALYSIS PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING CAN BE VERY RISKY, WITH POTENTIAL OF LARGE GAINS AS WELL AS LARGE LOSSES. This analysis is meant for educational purposes only. Any trades you happen to take based on our analysis is at your risk of loss or gain. We have NO liability for your decisions to follow us here, or at another other time, due to what we write or what we do. Trade at your own risk or not at all. Our analysis is the current opinion of the individual author and not necessarily of our group, or any other individual on our team, and can change at anytime without notice. This analysis is neither investment advice, nor an offer to buy or sell a security, but rather an informed attempt at predicting future movement based on historical data and emerging patterns! We welcome your comments and open discussion. Thanks and great trading to you! Michael Mansfield CIO
BITFINEX:EOSUSD
by UnknownUnicorn1613901
BITCOIN (BTCUSD) Bounce 3-10 days w/ ST bullish divergence ABCDEBTCUSD (BTC) Daily bars, 040718, 5:43 am, EST. Michael Mansfield, CryptoPlayhouse 1. BTC is ready for a bounce, for maybe 3-10 days, unless it breaks out to the upside of what could be a wedge. 2. If a wedge or irregular triangle, then we could see the ABCDE pattern I posted. ABDCE's only applicable for actual triangles. 3. Risk is that many MAVs have rolled over and a major LT cycles is down since the top. There is a short-term but high AMP trading cycle heading up until May 9th, but soon after two other longer cycles roll over and head down into 2019, if i have that right. There are two longer cycles I am working out that may still be heading up until August 2018 and November 2018, but I have yet to make a final determination on those cycles vs the ones I have been using that you will soon see in a detailed Bitcoin cycle analysis. NOTE: This shor-term bullish outlook is negated if BTC breaks the low from the past two days. If that happens by just 1 ATR, then its likely far south for BTC until at least April 2019. PAST TRADE PERFORMANCE OR ANALYSIS PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING CAN BE VERY RISKY, WITH POTENTIAL OF LARGE GAINS AS WELL AS LARGE LOSSES. This analysis is meant for purely educational purposes. Any trade you happen to take based on our analysis is for your risk of loss or gain. We have NO liability for your decisions to follow us, here or at another other time, due to what we write or do. Trade at your own risk or not at all. Our analysis is the current opinion of the individual author and can change at anytime without notice to those who may have read this. This analysis is neither investment advice nor a guaranteed science, but rather an informed attempt at predicting future movement based on historical data AND emerging patterns! We genuinely hope that you pick up some techniques and learn to profit along the way. If you find this post interesting and helpful, please click like and share widely. Thank you and good luck! HAVE A GREAT WEEKEND!
BITSTAMP:BTCUSD
by UnknownUnicorn1613901
1
EOSUSD BULLISH CUP & HANDLE, WEDGE IT EITHER WAY!EOSUSD (EOS TOKEN) 120 minute bars, 040718, 5:00 am, EST. Michael Mansfield, CryptoPlayhouse EOSUSD BULLISH CUP & HANDLE, WEDGE IT EITHER WAY! This is an update an idea we published yesterday and its looking like: 1. MAVs are starting to round up. 2. It gave a tag above the resistance trend-line, yes it held it, but it didn't tank yet either. 3. Very nice CUP & HANDLE pattern that tend to be very bullish. 4. We have a b e a u t i f u l wedge pattern, that you can trade a breakout either way from. I love trades where if by chance you are wrong, you can stop and reverse and almost ___________to get even from one side or the other. and maybe the width of the pattern. STILL TAKES A SKILLFUL TRADER TO PULL OFF. 5. And, looks like another small 5 wave up of this first push. See breakout post or prior post for detailed trade plan, waves, pitchforks, and market cycle. ======================================================= PAST TRADE PERFORMANCE OR ANALYSIS PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING CAN BE VERY RISKY, WITH POTENTIAL OF LARGE GAINS AS WELL AS LARGE LOSSES. This analysis is meant for purely educational purposes. Any trade you happen to take based on our analysis is for your risk of loss or gain. We have NO liability for your decisions to follow us, here or at another other time, due to what we write or do. Trade at your own risk or not at all. Our analysis is the current opinion of the individual author and can change at anytime without notice to those who may have read this. This analysis is neither investment advice nor a guaranteed science, but rather an informed attempt at predicting future movement based on historical data AND emerging patterns! We genuinely hope that you pick up some techniques and learn to profit along the way. If you find this post interesting and helpful, please click like and share widely. Thank you and good luck!
BITFINEX:EOSUSD
by UnknownUnicorn1613901