LukeSkywalker

LukeSkywalker

By counting the waves, I have this as the end of the entire B wave structure. Shorting between the 0.382 (price. 28.70) and 0.5 (29.70) fib extension, would be desirable. For the wave C- wave i have the first target at 21 USD, where the .1 extension is located. For the fundamentals it was reported that AMD -2.20% has been underperforming in terms of losing...

LukeSkywalker Updated 

This is more of a longterm chart. But since the volume is so bad and the range is getting tighter and tighter it's very dangerous to trade here. What i am looking for now is a break above the blue triangle either up or down. For a break above it, i look for a 8,5k USD target. and for a break below 5800 (0.236 fib) i look for a target at 4500-4100 USD. I am more...

LukeSkywalker

As indicated on the chart ripple bounced perfectly off the trendline . It showed great volume, meaning that it is likely it will go further up. When the triangle breaks i expect an upward movement. (it can break to the downwards side so be aware, allthough i think it is unlikely) It should be said that every alt coin is depended on BTC 0.94% movement. BTC 0.94%...

LukeSkywalker Updated 

When the BTC getting bullish momentum it is very likely altcoins will follow. As we can see Tron just finished the harmonic Bullish Gartley pattern. We should see a very good buying opportunity in this case. The stoploss is set to be very tight, so we dont risk the biggest loss if the Gartley Pattern were to fail. Stay tuned for more.

LukeSkywalker Updated 

I dont usally specialize in Butterfly Patterns, but i strangely noticed these patterns popping up from time to time at the BTC chart. The first Bullish butterfly appeared in February and ended in around mid - April, where another Bullish started forming. I tried recreating the first butterfly Pattern, to the one that is currently forming, to see where the...

LukeSkywalker Updated 

Really simple chart analysis. What we are looking for is for the fibonacci levels to hold, so it can continue its uptrend that the red trend line indicates on the daily chart.

LukeSkywalker

BTC to 6k.

LukeSkywalker

BTC broke the trendline. I would be expecting it to continue the downtrend and hit 3100 at the 1.236 fibonacci retracement. Afterwards we will see a big spike upwards.

LukeSkywalker

We are closely approaching support at .500 which will be a strong indicator for the price to move up. If it breaks that price level, we will go to the Blue Box. Where Fib level 1.236 is located at price .402 all the way down to .337. Be sure to put a small stop loss if it breaks .337.

LukeSkywalker

We apear to be closer and closer to a completion of the downtrend. if the 2.618 level holds (Price: .2943) we should be seeing a spike from there. The blue box suggest a great support, anywhere in the box would be a possible good buy. With a stop loss on .2480 there should be room for the price to spike up.

LukeSkywalker

Watch out for the critical level at 11.200 - 11-400 level. We might see a reversal to continue the downtrend. If it breaks the above mentioned level it's expected to finish the Elliot Wave to 12.466.