Chartmanderr

Chartmanderr

I am seeing XEM could potentially begin its largest wave upwards based on Elliot Waves. This is an early idea, early targets. But still. Worth watching.

Chartmanderr

Just an idea, everything is looking promising, expecting the biggest wave up.

Chartmanderr Updated 

That is how most people make analysis. They see what they want to see, they look for indicators and charts that support their views and they thumb em up. And they get REKT.

Chartmanderr Updated 

I am updating my chart a little bit, I adjusted the target. 45k-50k seems more like it before a pull-back. Right now Bitcoin is once again fooling traders by stopping at the most likely resistance. Some side-ways movement ahead of us before we continue higher.

Chartmanderr Updated 

I cant see this train stopping yet. We are going to hit 50-55k area before a bigger pull-back. This will form the fist wave when the pull-back happens. Fractal can be seen in lower time-frames (5min) for example.

Chartmanderr

In my eyes we are following the fractal, but you cant see it unless you zoom in to really low time-frames. I see that we should be hitting 54-55k at least before a pull-back.

Chartmanderr

Explained on the chart.

Chartmanderr

Since we are still hanging and clinging above 30k, I am returning back to this idea where there is still slight chance of heading up without the leg-down first. If we go past 36k one more time I am convinced that there wont be no leg down anymore. I feel obligated to post this as I was sure of the leg down a week ago.

Chartmanderr

Yeah, I see everyone waiting for the wyck-off. I have seen this pattern before. Reminds of that year 2018 when something big happened. It just happened to the wrong direction. Posting this if you can see the resemblance. But yeah, it looks like a wyckoff I admit.

Chartmanderr

Sorry about the last chart, I posted this same already but the arrows got too big so re-posting with smaller arrows so it makes more sense. Seems like in 2 weeks time-span we should have this over with and we can start to prepare for the bull-run again.

Chartmanderr

Yes, I see it is coming. Like it or not. I dont care. Just lets get this over with so we can finally start the bull-run.

Chartmanderr

After waiting and waiting and seeing we are still going sideways it starts to seem like we are going to do one leg lower before the next bull-run. There are similarities if you compare this to the 2017-2018 bear-market and the final leg down is still waiting. On top of that, if you compare this to Golds fractal you can see ton of similarities too. Somebody posted...

Chartmanderr

I am posting this chart too, since there definitely is 2 scenarios that can play out here. After studying some other data and seeing how short positions have spiked very high this could also mean that there is absolutely no reason to visit 25k before continuing this rally up. The longer the price holds in this 30-40k range the more people are going to jump in to...

Chartmanderr Updated 

Keep an eye out for that green box which has a strong gan fan support. I personally feel like 25k is coming before the final leg up for Bitcoin after the summer-season.

Chartmanderr

What you guys think, see the hammer? I see the hammer.

Chartmanderr

BCHM20 looking its hitting a good pivot point, good opportunity for a long with a tight stop loss.

Chartmanderr

Bitcoin is forming a cup and handle on lower time-frames. However I am still looking at this fractal and expecting a pull-back in price. This zone is a no-trading zone for me, unless you are already in a long position and want to wait. I would try to look for a long position after the next retrace in price.

Chartmanderr

Just posting this here if you like patterns.