ZIG ZAG RULES - 5-3-5 Wave Count -Wave A -always impulse or slashing diagonal -Wave B -Always zig-zag, flat, triangle, or combo -Wave C- always impulse or diagonal -Wave B- never beyond start of wave A WAVE A- IMPULSE- 5 WAVE B- ZIGZAG - 5-3-5 WAVE C- Impulse or Diagonal all together
BEARish BAT - one of top volume stocks under $10- 03/23/2018 -Indicators support short term northbound movement -Get ready to SHORT -Steady downtrend before pump
REQUESTED CHART -Dont buy LONG until crosses the downtrend line northbound -This is for LONG BIAS and LONG TERM HOLD strategy - don't BUY LONG in a downtrend FOR A RISKER ENTRY -Buy once start seeing higher lows (before downtrend line cross) - and divergences on the RSI and MACD (RSI starting to show divergence)
indicators support upward movement -BULLish increase volume -BULLish STOCH -BULLish RSI -BULLish MACD -BULL MACD Cross 03/23/2018 - look for short term pullback (south) as market takes a breath from a large red day yesterday, and volatility decreases - Impulse, reaction, continuation ELLIOT WAVE Not a perfect match but seems like a wave 4 complex correction,...
SHORT- PRICE ACTION -Downtrend -short term breakout -larger time frames have room to run south on STOCH, RSI -(short time frames showing close to oversold, look for price action to move down in a more controlled matter, letting the short term RSI to cool off, before each new leg down) LL= Lower Low LH= Lower High TR= Tightening Range BO= Breakout SH= Swing...
Buy the Breakout, if price action crosses the downtrend line to the north. LONG - Short term Uptrend - Market Sediment seems to support further upward movement - BULLish Stochastic - BULLish RSI - BULLish MACD - BULLish Volume -Note: BULLish volume= Volume increase with price increase. But with a low quantity asset like BTC, and not much selling, price can...
SHORT - Downtrend - Head and Shoulders Top - BTC about to make a new BULL run- this creates arbitrage - Ichimoku Cloud Provides Resistance- preventing northbound movement Forecast - price action has just completed a fractal head and Shoulders top on the smaller time frame - the Chart is oversold and looks to rally on the short term north bound- indicators...
Watch for trend line violation- Buy breakout either direction Short term indicators support upward movement inside the tightening range My forecast- 1. Prices have bounced off Fib 0.50 and are moving north inside a tightening range 2. The move will exhaust itself and not have the momentum to break the downtrend line 3. Test/bounce off downtrend line- (intraday...
If breaks S/R at $270, then uptrend violated. Higher highs and higher lows = fail. If breaks S/R at $270, then look for 0.50 or 0.618 retracement. Short -Bear Volume increasing as price decrease -indicators on larger time frames show room to move south. -(short term indicators showing exhaustion- look for short term bounce north) wait and see for trade -3...
LONG - Buy breakout - ascending Triangle - Indicators support upward movement - BULLish Stochastic, RSI, MACD on larger time frames TP1- All Time High Short term Bullish on SPY, caution as approaching ATH. Potential Harmonic Reversal.
Late Publish- My tracking only LONG -ETH/BTC- Betting ETH will stay stable (or loose less) compared to BTC (BTC down) = Price up - Uptrend - Higher highs and higher lows -Bought breakout -Daily ETH Stochastic, RSI, MACD have room to run NORTH -Daily BTC Stochastic, RSI, MACD have room to run SOUTH Caution - Short term Stoch, RSI approaching overbought = expect...
Short - Head and Shoulders top - Below psychological $10,000 - 3 touches typically key to breaking support/ resistance - Good risk: reward- if wrong the downtrend line will catch/slow the up move letting reentry be relatively pain less 1st Entry on bounce off $10,000 2nd add quantity on passing $9600
Confluence Zone - Bearish Shark - Double Top For further confirmation - watch for RSI and MACD to diverge from price action as double top is formed. - look for reversal Candle - Bear Volume and/or lack of BULL volume as price action can fall with light volume. Heavy volume needed to up, not down.
Bullish Gartley Talk is cheap- we'll see. My tracking only.
Bullish Bat Trying to predict the future- we'll see. Good Luck
Patience Play NICE BOUNCE- huge returns already >40%. Wait for the 1HR and 4 HR to cool off. Daily chart has the potential to run for longer. If you haven't bought yet, probably want to wait for the bounce and next push. LESS risk gives time to see if BULLs still strong after short term consolation. LONG - BULL peak volume stopped the movement - BULL...
LONG - XRP set swing low the other day, has now started setting higher lows- indicating consolidation and trend reversal - peak volume shows end of short term price movement south (a few days ago) - Downtrend line broken with increasing BULL volume - Looks like the price action will breakout, retest the trend line, and then continue in same direction forming a cup...