CryptoMaing

CryptoMaing

What is this is what's happening? A breakdown or break out would look something like this.

CryptoMaing

Top of the bear flag has been rejected. The expected move is down and out towards Target #1 and then possibly to #2.

CryptoMaing Updated 

Is this it for Costco? - consolidation for several weeks/months is what I'm expecting.

CryptoMaing Updated 

Bears are currently in control. We have three days left into the end of September and if it closes the way it appears now. Bulls will have only 5 months to turn things around and bring us back up above $10k. If not, it will mean Bitcoin may be entering a long-term bearish trend. This would likely lead to multi-year bear market if it does go under the cloud.

CryptoMaing Updated 

Watching for break above or below range for confirmation of direction.

CryptoMaing

One scenario for Amazon. This current Wave C needs to complete before we can be sure this is a triangle. The alternative count would be a simpler ABC. How do we know which one it is? Once Wave C completes, we'll need to count whether there are 3 or 5 subwaves. 3 subwaves = Triangle consolidation 5 subwaves = ABC correction In either scenario, the bottom of Wave...

CryptoMaing

$DR - I see 3 scenarios (2 bullish, 1 bearish) based on Elliott Wave Theory. If you're bullish, stop loss at $13.50. Scenario shown is what I believe is most likely. Reason being, the EMAs have crossed over 55.

CryptoMaing

Bullish divergence on MACD and RSI Indicators. End of Elliott Wave Impulse down.

CryptoMaing

Further to this pattern, the weekly charts printed a bullish morning star reversal pattern (with a beautiful dragonfly doji). We should be heading up from here, barring any major news that would disrupt this pattern.

CryptoMaing

Heading down for Wave C. Target 1 = 0.618 region Target 2 = 1:1 extention Target 3 = 1.618 region

CryptoMaing

Been watching this since mid-August and Stellar has been playing out exactly as expected (totally a textbook Wyckoff accumulation phase). Get ready for the run up from here into December and early next year. Can't call the top because we need more data. Happy trading!

CryptoMaing Updated 

Looks like Stellar is about to go for a landing on the ground. We broke a multi-day support and currently retesting the resistance. We'll know for sure by end of day today whether we'll be going south. Based on pattern analysis, we can go down to $0.08, maybe stop before that if the bulls step in. Using Fib, we could get an early stop at $0.14 - or at least a...

CryptoMaing

The left shoulder formation is a wreak, which tells us that the bears are not fully in control of the situation. Take care trading this one and remember to use stop losses to protect your capital! This is just an idea - remember to #DYOR

CryptoMaing

This is a standard Elliott Wave Scenario for the bulls. Assuming we are finishing the Wave 2, we will be starting Wave 3 very soon. I've used typical lengths and retracements, so this can change, but the direction is upwards from here based on what I see. A RETRACE BELOW THE START OF WAVE 1 WOULD INVALIDATE THIS BULLISH SCENARIO. The risk to reward ratio is...

CryptoMaing

Assuming ABC correction, looking at a retest of the support at $450. Wave C is still pending. A break above what I've labelled as Wave A would invalidate this count. Also, be ware of bull traps, B waves can go a little past Wave A and still allow for a Wave C downwards (also known as a flat correction).

CryptoMaing

When I say tiny, I really mean TINY. Fifth waves are tricky to play and don't always pan out as expected. Sometimes it's best to sit back and watch the show. Correction waves come afterwards anyway and provide good entries.

CryptoMaing

Aren't they a cute couple? Adam and Eve Pattern.

CryptoMaing Updated 

Lots of wicks, looks like the market is interested in going back down from here. Will need to happen soon, else the bulls may just come in and destroy the place.