DrFabian

DrFabian

not sure where itll end atm but im almost certain itll come down

DrFabian Updated 

luna creating an expanding diagonal as an A in an A-B-C zigzag correction

DrFabian Updated 

its in a correction phase if the length of C is the same as A matic will come back to 1.360 thats a 40% drop

DrFabian

luna appears to be finishing a 4th wave nice 5th leg swing inbound shortly 20-40% short possibly

DrFabian

beautiful running flat rejection off the .5 fib trend extension and 3rd wave rejection off the 1.618 cant take all the credit on this cause i based some of it off of trytofeelpositive's btc analysis post

DrFabian Updated 

ive been charting this for 3 days the 5th wave at the very end is in a diagonal once it breaks out of that were ending the expanding flat correction on tthe 1hr... should be a really nice and long ride up starting in less than a hour

DrFabian Updated 

nearly impossible to chart elliot structures on smaller tf's it seems

DrFabian Updated 

the impluse wave is in a diagonal 5th wave in an expanding diagonal could cause a throw over if it breaks that top trend line hitting the top of the expanded diagonal solid wave 1 structure

DrFabian Updated 

beautiful range from the fib based trend extension and retracement

DrFabian Updated 

alot of ppl are hyping up matic rn, ppl are trying to compare matic to eth 2017. i saw the same thing happn for xrp bfor we had its massive drop recently i also saw the same thing happn when btc reached 69k when ppl where hyping 100 thousand i hvnt checked the fear n greed index for matic but i can assume were extreme greed atm unless we throw momentum out of...

DrFabian

I dont know if its just crypto but it rarely respects the ta anyway so i like whats happening with vechain were respecting the disjointed channel sitting in the golden pocket at support with low momentum on the D tf the measured move is to the fib based trend extensions golden pocket

DrFabian

MAJOR support broken will invalidate the elliot structure created since the beginning of the bullrun if this happens ill lose all faith in technical analysis

DrFabian

Bitcoin is respecting the trendline while also validating the elliot structure. The fib based trend extension .5 lands at the 1.618 fib retracement level when the 5th wave reaches the 1.618 it is a completed elliot pattern if you pull the length of wave 3 to the beginning of wave 5 it will rest at the resistance line created by the previous ath which is also...

DrFabian Updated 

if price action repeats itself again as shown in the chart (smaller tf) then expect some consolidation for a few hours... Were at the end of a 5 wave elliot pattern for eth hitting major levels of resistance on total, eth.d and eth/btc aswel. These 2 components suggest a correction but I believe were at the start of an uptrend on a larger scale. Thx