GramTooNoob

GramTooNoob Updated 

Turning point for BTC here as it tries to decide where it wants to go, whether it is going down to complete a H&S for major correction or it is going to continue onto its upwards channel. Bulls have shown again and again that they want to save the rally and a 2nd bounce off the 13400 support line yesterday has generated more confusion for a correction. I play both...

GramTooNoob Updated 

BTC has finally broken out of its rising bearish wedge after creating a fabulous bulltrap on this B correction rally up to 16.5k, the max extension point. Such a evil trap, this sell off will probably reach a bottom at 12.5k where it should stall for awhile. If this is indeed the C wave correction as in my other ideas, we are going down pretty hard after 12.5k...

GramTooNoob Updated 

I refuse to believe that the neckline is diagonally slopping downwards. The neckline is being tested now at 13k which makes me believe that i am still correct in 13k being the neckline. Recounting some waves due to timeframe adjustment, I realize that for the ABC correction, we have done A and B. So this now fits my other 2 years retrenchment chart. Now lets wait...

GramTooNoob Updated 

Currently H&S appears to be forming on higher timeframe. We will see a drop here to 14k to complete the "Head", a small re-bounce up then down again to complete right shoulder. If this chart plays out, we are looking at 9k BTC! Then consolidation through Jan 2018 for start of new bull market!

GramTooNoob Updated 

I actually publish this idea before but I will update it with a new one since B peak has changed. Think I got the buy zone correct, +/- $500. Random yellow and purple sub waves just for reference, not real targets. Note that this $13,600 may not be true bottom if BTC extend into triple zig zag. So 2 scenarios here. 1) Correct to $13,600. Start consolidation...

GramTooNoob

Good time to buy the here at wave 4 for a final rally up on wave 5. Sell at $4.3k or below $4.3k, I am not expecting BCH to go beyond there due to risk of a major dump incoming. Take care! Not long term hold position, this is very short term hold for risk traders only who can read indicators.

GramTooNoob

I recounted again and it seems like we are only on wave 4 correction. ABC appears to be completed, and we are now in consolidation. Waiting to see if ABCDE triangle completes, the support for C wave should tell us the answer. May be a good idea to short to the C target but its floating very weirdly that I am not sure if it is going to just stay there. Might be...

GramTooNoob Updated 

On the 4 hours chart, looks like ABC correction has not ended and it is going to be a 5-3-5. Expecting 17k to be the top then down to 12.2k or so. Waiting to see where B ends exactly to confirm if it will be a flat correction. But if this confirms to be a zigzag correction ABC then there is a potential for double / triple zigzag correction below 10k. Very good...

GramTooNoob Updated 

Chart is messy, I apologies. Free account won't let me save multiple chart and I don't want to redraw it. If you look at LTC, BTC, IOTA chart you will notice that all markets ended their Elliot wave 5 on Friday/Saturday and is now showing identical downtrend pattern. By that I mean, exactly the same candle stick pattern. Experienced trader should know already that...

GramTooNoob Updated 

Wave chart suggest that wave 1 has ended, and I confirmed a wave 2 correction in progress. Target buy zone around $4.3. Give and take $4.2 / $4.4. Then upwards onto wave 3 towards $5.7 Fundamentals are still very hopeful with many waiting to buy below due to a short downtrend. Once they realized that the downtrend has reversed, FOMO should give wave 3 an...

GramTooNoob

Wave 4 of correction should be over, bounced off $13700. I have listed the Elliot wave counts for your confirmation, there is 1 more 5th wave coming. Estimate it will hit 20k USD, but note that this is before US 10th Dec. Fundamentals ahead do not look good due to futures misunderstanding. Expect a big dump at the end of wave 5, good luck! I only publish this...