As you can see we have been putting some nice waves in on the 1 hour with a strong trend since the sub $7000 levels & this is expected to continue however it is important to be aware of both options especially after a strong rally. Bullish scenario - 1. We start impulse to 11k and meet Resistance 2. oversold macd 3. 1 2 3 4 5 impulse wave Bearish scenario...
"Hey folks! this is Highaltitudeinvesting here . Doing some long-term technical analysis on Bitcoin in this graph I am using LOG chart on "BraveNewCoin Liquid index" (this gives me the most DATA for price) Using channels and Elliott waves you can get pretty good Idea of what is happening in the big picture for Bitcoin & Cryptos. $100,000 is first major...
Hey Ethereum fan boys hope your day is going well I know mine is. I can't believe you really panic sold all your precious Ethereum tokens this low again! oh wait actually I totally can because humans are emotional creatures that never change. The title is a joke never go all in on anything! or all out for that matter (yes I'm calling out the people that are...
Verge 4/4/18
Bitcoin reversal zone
This is your quick guide to call a bottom on bitcoin cash (use stop-losses DUH) step one - 3h candlesticks step two - Count your bearish wave set (abc up and 1,2,3,4,5 down) step three - spot bullish divergence (higher high on macd and lower low in prices) step four - draw a triangle & wait for breakout step five - set your stops within 5% - 10% of...
Binance coin Looking like some perfect market structure to see a Ascending triangle cup & handle breakout. I have seen similar setups before in the early day market cycles of bitshares , digibyte , ripple where they form ascending triangle consolidation patterns then go for very impulsive 5 waves to new all time highs. we will have to see if the trend line...
Bitcoin could also go for $6,000 one more time.
Hey whats up tradingview been a minute since I posted a bitcoin chart so here it goes. I see this as a ABC correction in the macro wave from 20k to 6k I see the current correction from 12k to 6.6k as a 88% retrace despair (potential to be final low) of the entire bearish market cycle. (not calling bottoms just saying if this double bottoms it will be absolute...
This falling wedge is very nice on the 1H We are also in a bigger wedge I posted earlier If support of this wedge fails we could see a retest of $6,000 with potential for double bottom or downside continuation but for now i'm trading this pattern & watching for potential reversals on multiple time frames Everything I have ever learned from my masters & my...
.618 support trend holding major support trend in tact .618 of smaller wave & .618 of bigger wave holding Lots of FUD & oversold conditions Falling wedge ABCD correction Use tight stops!! but come on people this is bitcoin & look at how cheap she is. Another lower low is possible but that is why the stop-loss was invented in the first place. Also this...
Another setup in the smaller time-frames i'm spotting is IOTA similar to EOS setup. symmetrical triangle Elliott wave ABCD Sufficient volume oversold momentum squeeze
Another setup in the smaller time-frames i'm spotting is EOS symmetrical triangle Elliott wave ABCD Sufficient volume oversold momentum squeeze
That falling wedge looking nice I also spot some MACD support bounce ranges another thing pointing this out in my Elliott wave count. Expanding support pattern Market sentiment and psychology is clear & hate from angry troll's at all time highs very good buying according to the emotional cycles.
Shorting stellar margin on poloniex saw a nice setup for a b to c leg in this bull trap (now that bitcoin is headed to test 8000$ i'm expecting a lower low in many coins I am mainly buying all this panic but Stellar still has a good risk to reward ratio for shorting so i'm shorting for the next few days or so down to the bottom of its 1 wave) Big picture this...
Hello folks great day to be alive in the best time to be alive in history ! As all my followers know I am a Elliott wave trader & in Elliott waves we teach that when a trend line in a 5 wave breaks its time for a ABC correction now don't get me wrong I don't think the world is ending or anything I just think a nice 30% - 40% drop in the stock market would give...
Apple is very overvalued at these levels classic market cycle and parabolic movement testing of the .618 and .50 fib levels are very common in ABC corrections You can short this stock with bitcoin on 1broker . com if you like
__MONERO__ - Privacy coin - Very strong trend (on BTC pair as well) - been out preforming BTC since early 2016 - First target in 3 wave subwaves 800$ - 1500$ per monero in 2018 isn't a crazy thought.