Manifested

Manifested Updated 

I know, more doom and gloom for ETHUSD, sue me. I'm only posting this because I found it interesting the predicted price for the D-leg upwards for this to complete a bearish butterfly matches my price target from yesterday's Adam and Eve double bottom, of around $1450. We would look for a 0.618 fib support bounce then potentially another leg down to the...

Manifested Updated 

My recent posts have been forecasting for $7,500-$8,500 BTCUSD, and I still think that is on the table, but perhaps not in the immediate future as we failed to break below the 0.786 fib support. I think we will be looking to complete a bullish cycpher retrace today sometime with my intra-day target being $11,800. I also posted last week about a potential Adam and...

Manifested Updated 

This week has been a bit tumultuous for the world of crypto as BTCUSD made another dip downwards. However, it seems to have found support and turned upwards. I think it will approach resistance around $12,000, and if it breaks through, will likely head towards $15,000. This is significant because it would give traders confidence to move back into other coins, at...

Manifested Updated 

Here is an alternative harmonic that could be playing out for ETHUSD. This would have our target be around $1,250-$1,300, which is another level I was targeting yesterday. Then downwards to the 0.618, 1.272 and 1.618 of the AD leg, etc. *THIS IS NOT TRADING ADVICE*

Manifested Updated 

Applying Elliott Wave Theory to BTCUSD, it seems as if we are on target for the final C wave down of this correction. Today and yesterday we formed a symmetrical triangle (ABCDE wave) and tonight we completed a three wave bringing our wave 4 on the larger time scale to a close. I think we are currently forming a ending diagonal (rising wedge) on small time frames,...

Manifested Updated 

BTCUSD has clearly been ranging for the past few weeks. Anytime I see a trading range such as this I think Wyckoff accumulation/distribution. Since it may still be fairly early in the trading range, I am throwing together my analysis on a distribution and a reaccumulation case and what the possible outcomes may be. Here is how I see the distribution case panning...

Manifested Updated 

BTCUSD has been down the past few days, and is looking pretty close to the chart I first published. However, after looking at it a bit more closely, I noticed the strong bear divergence on the daily leading up to this (similar to one shown in 2013 on the double top). I believe due to margin trading being more prevalent and bitcoin futures, which did not exist in...

Manifested Updated 

BTCUSD is coming off of a quick dive to $9000. I touched on this potentially forming an Adam and Eve double bottom. I think it could bounce off this 0.618 fib, make a new local high around $13k, then down to $8500-$7k. Long at $10500, short at $13k, long at $8k. Watch for break above 50 SMA on 1 hour. If we go above dashed line then the Elliot Wave count shown...

Manifested

IOTABTC has been consolidating for several weeks now. This manifests itself as a pennant on the btc pair and a falling wedge on the ETH pair. Watch for a break up of either of these patterns. 0.00066 BTC a likely target here. EDIT: notice the bullish bias on RSI as well. Watch for 3/4 of pennant length for break. *THIS IS NOT TRADING ADVICE, JUST AN IDEA*

Manifested Updated 

Short term play. Noticed almost every major cap is looking to make an A&E double bottom. There is also the makings of a inverse head and shoulders. Set buys at the 0.618 retracement from the peak bottom we saw yesterday. I think ETHUSD will run up to $1300, BTCUSD to $15,000 this week or next. Long term I am still bearish on the market, but we will see as this...

Manifested Updated 

Updating my last pitchfork idea for BTCUSD here, I think we will complete the edge to edge by testing the $10k price range. This is using an updated chart index I threw together compiling 8 difference exchanges across 4 different countries/currencies. Watch for price action to bounce on significant volume from this area. If we break the pitchfork all bets are off...

Manifested Updated 

I believe BTCUSD has yet another leg down as part of the Elliot Corrective waves. This is further confirmed by not creating a bull div on the daily RSI. Based on historical fib extensions of 1.272 from bounce to bottom I think we will see the low $11,000s as of now. *NOT TRADING ADVICE*

Manifested Updated 

Obviously we will have to wait for these patterns to develop fully, but I am seeing the potential formation of a micro-trend H&S mimicking the one we saw after first testing $5000. In addition, there is potentially a macro-scale HS& forming with $6000 being the head and $3500 being the potential neckline. This is all leading into Segwit2x hardfork mid November....

Manifested Updated 

Ethereum has been in a prolonged consolidation ever since touching $410. Flag pole gives us a potential PT of $775 (upside). There also looks to be an adam and eve pattern on the daily, from it we conclude a PT of $680 (low-side). This might be far-fetched, but I also compared this consolidation to the one seen after first touching $60, where we consolidated at...

Manifested Updated 

My last idea confirms the possibility of an edge-to-edge on the pitchfork.

Manifested Updated 

I've been tracking this bull pennant on BCHUSD for some time and as it has unfolded it looks like it might come to a head right before EOY. Let's see how this plays out. Tentative PT of $4500-$3600.

Manifested Updated 

Possibility of ETHUSD going through wykoff distribution after the last run up past $700. Granted this is in a very short time frame, I am mostly posting this to track how it plays out. I have no price targets, but based off fib lines and general supports I would guess low $600s, possibly low $500s and as low as $475.

Manifested Updated 

BTCUSD has seen slowed momentum this past week and has many hallmarks of the fabled 2013 crash I think are worth comparing. The similarities begin with an overthrow out of a bullish channel, the rebound of which begins a new channel. Price then ranges between the median and lower boundary line, the final test of the median line leads to a breaking out of the...