Chart speaks for itself, but let me add a few abnormalities. - The A correction in our bigger ABC wave doesn't make any sense, there is no way to put an 12345 in there! --> This actually made so little sense that EVERY elliottician that I have heard or spoken to thought this was the bigger wave B and we would be putting the C ending the correction straight...
The count speaks for itself, the support levels we ran into are clear as well. I told you where to long the last drop already before it happened in my previous idea. Let's go over it one more time and let's not get ahead of ourselves in this market full of fear . I already told all of you to long Fibonacci support levels when we were going down . If you did so,...
First of all let me kick of with the fact that there are many valid elliott counts to be done on our chart, and this is simply my preferred bullish count. Secondly, it might very well be possible that the overall sentiment in the stock market influenced the eventual count that BTC might create here, it looks clear to me that DJI will aim for that 0.618 as...
This chart is still similar to my original Bearish idea posted on the 10th of April: It is not possible to say at this point if my previous target price (range) is in play, or not. All I can say is that you should have made some very good trades already based on my previous idea . On top of that I am showing you some short term key levels of interest on which...
RSDA looks like a short term short, but a mid and long term long. Shell still has a lot of room to grow based on the 0.618 Fibonacci resistance, it obviously dropped way harder than the average AMS and NYSE stock markets because of the super low oil prices (Aramco (SA) + Russia struggle). However, short term I would not go long at this price yet, and rather wait...
If you ask me, the worst is yet to come! You can clearly see on the chart that technical analysis would support we have only finished the A wave of a corrective ABC. I use the DJI as it perfectly corresponds to key Fibonacci levels and therefor it is much more predictible compared to other assets. How might this play out in the mid term? Below chart would make...
Hi guys, We didn't get to my profit taking targets at 7800 and 8100, but at least I closed every trade I made along the way in decent or very good profit. The last one was stopped out int he following fashion: I really hope the new chart I am publishing here speaks for itself! Yes the Elliott Wave count may not be perfect, yes sometimes wave 5 is bigger than...
Is the low in? That's the question everyone is asking themselves... It's difficult to come up with a good answer, one may be able to respond based on fundamentals, elliott waves, past corrections etc... But nobody knows for sure, and there is no best practice or highest probability that can aid you to get the correct answer to that question... The question that...
Next Fibonacci level sits at 30.74, keeping in mind that traders stepped out 1% below the 0.618 resistance leven during the previous wave up, it might be smart to close the long already, if you are trading FLOW short term.
Hi guys, As I've told some of you already, I woke up this morning with some doubts about my previously shared Bearish Idea (linked below), as the Elliott structure on the lower time frame didn't really seem to make sense. I had to come up with an alternative, and had 2 possibilities, so I went with the one that made most sense to me, which I am presenting in this...
This is republished based on my previous idea, since I made some copy paste errors in the chart. Have fun trading! INTRO Like shown in my previous idea(s) (read updates on shared ideas), nearly every minor and every major move BTC has made over the last weeks was based on Fibonacci! Nobody can deny it, this is all black on white and most of them I have shared...
Like shown in my previous idea(s) (read updates on shared ideas), nearly every minor and every major move BTC has made over the last weeks was based on Fibonacci! Nobody can deny it, this is all black on white and most of them I have shared via updates on my idea before it happened... All others I have shared in the BitMEX trollbox before it happened. I...
Hi guys, Short term idea here, for the mid term I think my previous ideas are still valid (taking into account that we had an intra wave correction for which I was not able to predict the bottom price). Be careful shorting this! I think this wave can only be finished above 7k, lots of bears may be shopped to death later this week. I know there is resistance at...
This ugly price action on the short term makes sense to me now, we are just putting in an ABC towards the 0.5 FIB of our move, before we can try taking off again. This ABC is actually very visible on a 5min chart, but the wick action we're going through is very extreme and definitely more common in this market full of fear/greed. Here is the detailed version of...
If you want to know all my thoughts on the current situation for Bitcoin, my look on the near and long term future as well as the recent past, please read through this article carefully. Here follows a short term chart I would like to keep on top as further reference. It reflects my short term look on Bitcoin, this is how I have always pictured it ever since I...
Want to know how FIB trading is done properly? Take a look and learn :-) For the upcoming move, check my latest comment below! Peace out! PS: Never used more than x2 leverage in total (cross) except for the lucky grab at 3290 dollar.
I hope this time the chart speaks for itself. No pitchforks, moving averages, or even Fibonacci's, pure and simple volume support (previous resistance turns into future support). DYOR
Look at the chart to see how I've traded since the second of January. Update: Forgot to draw a downwards arrow at the 8400-8500 range, which was the 0.5 FIB on the move from 10500 to 6400. It's one of the trades where I switches a big long into a small short for awesome profits. Of course, I have been proven wrong to think that the correction bottom was not yet...