JMohn

JMohn Updated 

Bitcoin has broken above the upper boundary trend line, which I think is some confirmation that we are in wave 3 of a 5 wave upward impulse move. Based on some common Fib ratios for Elliott Waves, I've drawn some zone boxes where I think the price movements will land (for price, not timing). Naturally the farther into the future, the larger the boxes become. I...

JMohn

It looks to me like ETH is forming an ascending triangle and is setting up for a breakout. The wave pattern seems to bear that out as well.

JMohn Updated 

It looks like ETC is setting up for the 5th wave of an impulse move. There is a pretty strong area of value around $13 that could create significant resistance. Once it breaks that, it should hit at least $15.50. But because waves 1 and 3 are equal, there's a higher probability that wave 5 will go higher. It seems reasonable to me that it could hit $17-18. And if...

JMohn

DASH/BTC has been channeling sideways since April, but we might be seeing the first wave bouncing off the long term lower trend line boundary. Fib ratios off the first two waves project wave 3 ending around .155BTC, which is right in line with a 1.272 Extension of the previous cycle, as well as the previous cycle distance from the recent low. I want to see it...

JMohn

Decred dropped to the 0.786 Fib ratio of the previous cycle, which often ends up as a support level. We've had a higher low, which indicates the trend is going up. It looks like there might be a nice little impulse wave setting up. I don't think it's going to break any new highs, but it seems likely it will move back towards .01 BTC where there is a large area of...

JMohn Updated 

There is a corrective wave pattern forming that could bring Litecoin very low, but I have a wide margin for error on the bottom. There is an area of support around $50-55. Litecoin could drop to $50 and stop at that support level as well as the ascending lower trend line, and still fit within the red landing zone box determined from Fib ratios of Wave A.

JMohn Updated 

I got a little excited when STR crossed an upper boundary trend line a while back, and since it was just below the 0.786 Fib of the previous cycle with bigger gains and growing volume, I thought it would be a good time to jump on it. Unfortunately it hasn't taken off like I hoped it would and I have since tempered my expectations quite a bit. With the recent...

JMohn Updated 

I think we've seen the first leg of a 3 wave correction. Based on typical Fibonacci ratios for corrective waves, I think Bitcoin is going to wind down to somewhere between $3950 and $3500. The previous A-B-C correction would put it right in the middle of that range, and it also happens to be close to the 0.382 Fib of the whole impulse move up to $4980. I'll be...

JMohn

It looks to me like Lisk is forming an ascending triangle, getting ready to move up. I think we've complete two waves of a five wave impulse sequence. I'm waiting until it breaks a new high out of the triangle pattern, I think this would indicate a good probability of a strong bullish impulse. Target 1 is based on a ratio from the previous move last spring. The...

JMohn Updated 

It looks like ETC might be ready to climb again. A quick rise and retracement looks like high-speed Waves 1 & 2. Stop set well below 0.786 Fib of Wave 1 and recent area of value. Will trail stops up as market structure allows. $29 seems pretty achievable based on 1.272 extension of previous cycle, but looking to hit $34 target.

JMohn

Based on typical Fib ratios for corrective waves, I think Ethereum is going to drop below $250. I think it is likely that it will land somewhere between $185 and $235, based on the Fib ratios of the impulse move. There is an area of support around the $215 area.

JMohn Updated 

It looks like Lisk has started moving up, possibly even finished the first Wave of an up trend. Not ready to enter yet, looking for confirmation that the bottom of Wave 2 has completed, but worth keeping an eye on.

JMohn Updated 

XRP corrective wave ending at support level just above 0.786 Fibonacci ratio. Long term ascending support holding above 0.786. Elliot Wave cycle complete when it breaks recent descending resistance level. New Impulse wave target determined by stacking Fibonacci retracement and targeting 0.236.

JMohn Updated 

It looks like Wave C has farther down to go before it will be completed, possibly all the way to the 0.786 level, which corresponds with 1.618 of Wave A. Price fell below the lower trend boundary line, confirming the slide. There could be some support at the 0.618 level, but there isn't much historic data that there is anything significant going on at that level....

JMohn Updated 

Corrective wave sequence appears to have completed at the 0.618 Fibonacci level, and new impulse wave sequence beginning. To match the previous move would put it at 0.207 BTC, but could reach as high as 0.262 BTC. Set stop loss below 0.618 Fibonacci level and leave it there until wave 2 is completed, then trail stop below strong support levels. If wave 2 ends...

JMohn Updated 

Litecoin has been making these sort of Flat/Triangle-ish patterns that are followed by a big jump. Then a retracement back to the 0.618 of the jump, followed by a repeat of the same pattern. It looks like the most recent pattern is complete and ready to make another big jump. Enter now to try and catch the jump, set stop below 0.5 ratio and lower boundary trend...

JMohn Updated 

ZEC corrective wave holding at 0.786 Fibonacci ratio support. Major support trend line runs just below 0.786, indicating more support. Elliot Wave cycle appears to be complete and ready to start a new impulse wave, possibly indicated by breaking the recent descending resistance line. Possible target identified by stacking the Fibonacci retracement on top of itself...

JMohn Updated 

I did charts for ETH/BTC and BTC/USD, so naturally I was curious if I did a chart for ETH/USD, would I find any interesting correlations? Without referencing the other charts, I used Elliott Waves and Fibonacci ratios to forecast ETH/USD. Wave 2 is 0.618 of Wave 1, so it appears to be completed. If Wave 3 is 1.618 of Wave 1, I don't think ETH is going to break...