Inside of this perfect 4hr ETH symmetrical triangle. It looks like their is a small elliot wave count and the 4th wave is forming an ascending triangle. The 5th wave should go to at least 143. Havent plotted any exits yet.
Spotted beautiful symmetrical triangle on 4hr ETH/USDT. The RSI is hovering in the middle and MACD is about to cross upward. Buckle up
Originally assumed wave B was gonna finish breaking out downward with Elliot waves. But this ascending triangle and symmetrical triangle on RSI got me thinking otherwise.
Totally gonna rely on elliot wave this trade. I believe it's in the process of B Wave and about to shoot down a bit for C. C usually finishes above the impulse wave "1" and in this case it also happens to be the GOLDEN POCKET!!! got my orders stacked at 123 and 121. Got stop losses just in case but I'm confident in Elliot Wave.
Noticed a Bullish Flag forming right after that triangle broke out perfectly (check my last post) and I figured it was going to break up towards the most recent resistance at around $143-4. If I get more feedback I will post my positions more often while I'm trading on the go all day. KEEP ON GOIN ETHEREUM
Well I mean could that ascending triangle have broken down anymore perfect? I think that bearish divergence was damn bang on. My target hit over night to go long on another few ETH, and then within a few hours also hit my sell price....this is amazing
Beautiful RSI Bearish divergence on ETH/USDT. Seeing this Divergence helps me to believe in the drop that I called earlier. down to about $129 before the next impulse wave upward. Higher lows on price but lower lows on indicator. Going to be laddering my longs.
Not experienced enough to determine exactly what triangle this is yet. Based on all of the other indicators I wanna say its a bearish triangle. But i know its ascending. Prepared for whatever will happen based on candles closing. If it drops through I believe it will hit the 38.2% retracement.
ETH retraced back to the "Golden pocket" (.618 - .65) Fibonacci mark right around $113, went long right before this pennant and sold around $130. Seriously in love with Fibonacci.
I ended up catching this beautifulllll symmetrical triangle down to my next buy point at 3560. Locked in some nice profits off of it. Definitely going to be updating more often to keep you guys updated real time.
Spotted the worlds smallest bearish engulfing on 4hr. Not including the bearishness of the other indicators, does this count as engulfing? I zoomed in and yes it does very slightly open above where the green bar closed.
Spotted what I think might be a bear flag, which will push it further down into the 50% wave 1 fib range that I called earlier. It just so happens to also be exactly 1.62% on the Fib of the previous wave.
Well my descending triangle broke out perfectly exactly down to the 38.2 retracement level. Unfortunately didnt trigger my buys right on the support / resistance lines. This retracement might have been all we need to finish the 2nd big elliot wave. I hope it goes down again to trigger my buys. Fingers crossed.
I found this descending triangle on the 1hr. Should give strong support for the ABC wave down between 38% and 50% of FIB
Found a pretty convincing bearish divergence on the 1hr RSI showing lower highs and lows. It should support my ABC wave count.
I have started a paper trading account today, to see how successful I can be with my system. Started with $1000 USD and finished with just over $1100 by the end of the day. I will be updating constantly to share my progress
I believe that this Elliot wave count should follow through nicely. I've been trading it so far and have had awesome success