MrRainbow

MrRainbow

I last updated this in 2017. When counting waves I follow the rules of "The Elliot Wave Principle" by Frost and Precher. It's a very, very good book. I start from the biggest time frame. If a wave isn't obvious, I reduce the time frame and count smaller waves to see it. It's worth noting that wave analysis is most useful for longest time frames and whole markets,...

MrRainbow Updated 

I see head and shoulders :P I never use chart patterns so I'm not sure if you use log or normal for this stuff.. in normal I think it goes to $3500 :))

MrRainbow

that's my count right now for this timeframe. And I really hope it's right cos I can't be doing with an about turn right now.

MrRainbow Updated 

PIVX is a relatively young fork of DASH, but pretty much exclusively proof-of-stake, I believe. I think this has something with to do how closely they seem to move together as you can see in the comparison overlays. It's for this reason I see DASH doing the same moves, and going down one more time. Although I dislike proof-of-stake coins from a conceptual point...

MrRainbow Updated 

Been burned many times by zcash.. looks very wedgy but most indicators say up and there is currently plenty of support.

MrRainbow

It's no fun saying I told you so, especially when it was me I told. But that is exactly what I have been faced with everytime I look at DASH, since my catastrophic complete U-TURN in November last year.... www.dropbox.com So that was my initial prediction.... and with the 'play' button pressed... www.dropbox.com Not bad eh? (if anyone can tell me how to...

MrRainbow

Not looked since last update. Life. The light pink primary ABC is my prediction with target boxes. Interesting seeing how my prediction differed from reality. Right and wrong at the same time. A familiar feeling in trading. But always.. right at the end! isn't it? So that's how I've based this one. Basically go back to my original prediction and stretch the...

MrRainbow Updated 

Firstly, that title is not funny, and I'm not sorry about it. One day my daughter will see what her Dad's been posting on the internet and the dead look in her eyes will make my life complete. So I spent the last few hours examining our old mate Dash again. And I have some really excellent news for @Dashtothetop... DASH is, in fact, at the top!...

MrRainbow Updated 

Good luck with that. --------------------------------------------------- SUMMARY ----------------------------------------------- Now let's not forget I'm make this stuff for me, and I refer back to my shit a lot and I don't like scrolling. So this is the long story short on this here horrible looking chart. There are 3 identifiable reasonably likely options,...

MrRainbow

Can see a BTC second downward bounce to the 9070 region. Maybe we'll get a surprise BCH rise? Long shot, risk-free, massive short. The C should be at least as long as the A. 1.6xA is relatively common, will see how it's dropping before deciding where to buy cover but it'll be in that area shown wif the dotted. Very unlikely to happen, but it keeps me busy and...

MrRainbow Updated 

Seriously, look at the chart. You don't need expertise to see that is not going up and it's not about to go up . That is LTC, you know, that coin that gets mined for free when you use a bitcoin miner? Cos it uses bits of the ASIC that the bitcoin algo doesn't use. I know why you want to buy it, cos I have bought it too. But then I used week-sized candles...

MrRainbow

getting the hang of this UI and such. This update is basically the same as the last one but with a clearer chart and more wit. Also, that text on the chart is 20pt, which is enormous on my screen. I am planning on tracking IOTA all the way... well, at least until everyone realises the software is rubbish (as will happen with 99% of coins, so please don't think...

MrRainbow Updated 

So I was long from A to about 0.0000915 I think, hasn't been fun watching it frolic above it but gravity is finally remembering its role. So, good time to re-assess. The 'B' is sharp, and could be over, but I didn't think so when I drew this a few hours ago and the downtrend has continued. Can probably use the shadows if you want to be clever (as I have with the...

MrRainbow

Suicidal shorting, No. 232 - the DASH dump. Made this for myself... But why hide it? I always feel bad hiding my work. I'm not saying it's any good, like... I can't see DASH coming down much in USD btw, I just think BTC has had its bags packed for a while now. Interested to know if anyone else sees this? Or if anyone thinks I'm insane, that would be useful...

MrRainbow Updated 

Don't agree? You're WRONG. I've got my sell on, how close will it get before you join me?

MrRainbow Updated 

Done from an hour chart, I also marked up waves a degree smaller on the primary 5 but these are hidden from view. I went long when it was 50 cents, gonna try play the bounce as marked. New crypto is always a big risk. Excellent.