MarcusAtb

MarcusAtb Updated 

Here I look at the chart using simple resistance and support levels , including a bit of doing my own "manual volume profile" analysis (looking at volume bars, peaks, and RSI gradient ), I deduce that this is a likely start of the formation of Ascending Triangle. Being late into this coin, I look for strategic BUY zones at the support levels. The earliest zone...

MarcusAtb Updated 

IOTABTC on 4-hr Chart. Just sharing my thoughts on the possible next move.... Please do not use this as a recommendation to go into a trade. If you want please go into the details of the TA by yourself. Everything now depends a lot on BTC and Market Sentiment. We have seen so many impulse waves get shortened after the 3rd because there simply isn't enough volume...

MarcusAtb Updated 

ETCBTC pair on 30-minute chart Using Fib Retracement on the 3rd wave, the 0.618-0.65 pocket for the 4th is likely to be around 210,000 satoshi (0.00210000). This would be a good buy position for the fifth at 255,000 satoshi (0.00255000) with a stop limit just below the 0.786 which is not far from the 0.65. The Risk to Reward here is 6.6 I think this is worth a...

MarcusAtb Updated 

ETHUSD on Daily Chart - Clearly the failed impulse at the end of the ABC Correction has now developed into a WXY correction. And Y is currently in development. The possible zone for Y is indicated in the Red region between 0.382 to 0.65 of the major wave Fibonacci Retracement

MarcusAtb Updated 

On 30-minute chart, zooming in on the earlier general forecast which saw the Cup & Handle formation and Descending Triangle if breakout fails. Overall chart is still in the bear channel and therefore some key resistance areas where the downward resistance of the 0.618 Fib and 1.0 Fib on the Channel (Pitchfork Tool - refer to previous post) are indicated as the...

MarcusAtb Updated 

(1) Cup & Handle breakout in the next two weeks is a possiblity and can be denied if it fails to breakout and then follow suit by formation of Descending Triangle in Week 3-4 and attempt for another breakout from Week 5-6 (2) Note the Red Arrows which forms the Strong Support and Buying Zone (3) If the Wave Count is correct, we are entering a correction...

MarcusAtb Updated 

ETHUSD on 4-hr Chart. Fibonacci levels are stopovers for ETH correction

MarcusAtb Updated 

This is an hourly chart. The 200-day Moving Average is not definitive of uptrend but the 20-day Moving Average is still below the 200-day Moving Average and above the charts hence everything looks Bearish. I see the Correction ABC and failure of impulse which gives us WXY correction and here the chart continues downwards pass the 0.618 Fib Retracement signalling...

MarcusAtb Updated 

IOTA/ETH is descending right now at this very moment A quick application of what I just learnt - Correction Wave and Fibonacci levels in Elliot Wave Theory. I hope to get it right

MarcusAtb Updated 

Using Fibonacci Retracement, Elliot Wave, Pitchfork Tool BTCUSD on Daily Chart shows clearly for the possibility of the WXY correction to extend into WXYZ correction as the impulse wave at the end of WXY is a three ABC wave. It is also contained within the channel shown. The channel levels shown are Median, 0.382, 0.618 and 1. As far as current sentiments goes I...

MarcusAtb

FUNUSD in 15-minute chart Chart has just established the 3-wave peak and we can expect the 4-wave correction to settle in the white zone between USD 0.05884-USD0.06100 corresponding to the 0.386 and 0.618 Fibonacci Retracement as a good completion of the C-wave of the correction zone. The Risk to Reward Ratio is ABOUT 11-15 MAX Buy signal also can be confirmed...

MarcusAtb Updated 

Starting next week hopefully if there is a breakout of the falling wedge we can hope to see a gain of 950 satoshis in the TRX/BTC chart.

MarcusAtb

ETHUSD on 4 hourly chart Looks like the current wave geometry is very much similar to what happened in the last two weeks. Is ETHUSD going to repeat another test of the support at 750 and create another double bottom for another low?

MarcusAtb Updated 

Note the following : (1) There is a previously support/resistance that acts as trigger points every time the chart approaches it doesn't bounce back. (2) The is a system of parallel trendlines for the correction waves which can be used as projection of the date for approach to resistance lines 1093, and 1233 (3) Is this a Double Bottom formation (formed by wicks,...

MarcusAtb

Note the following : (1) The 200-day Moving Average is below the chart and quite flat. This indicates that it is still bullish. (2) The 20-day moving average is currently above the chart and the gap seems wide enough that it may be the time to snap back i.e., switch cross-over (3) The appearance of the double bottom in the MACD signals a trend reversal in the...

MarcusAtb

Testing my newly acquired knowledge of Elliot Correction Waves and Fib Retracements to predict possible buy zones (and stop loss zones just below - to be looked into more detail later) I suspect this chart could go sideways or follow a trend reversal of BTC drops as we approach the 26th January date.