Hi Folks, here is a basic Elliott wave of Tesla's rise over the last five years. This is a nice, healthy, and evenly distributed 1-3-5 pattern, and we are currently in the ABC (or ABCDE) corrective wave. Basic structure resistance in the low 200's could be a great buy opportunity for your long-term portfolio to hold and appreciate over the next several years, but...
Simple Elliott Wave demonstration of multiple extensions within Starbucks price rise over the last Quarter-century. Expecting a possible correction of 35-50%, but anything can happen. Know your Elliott Wave rules and apply them!
Here is how I'm looking at the market. Could we see a gap up? Anything is possible, always have a plan for crazy. Tonight is going to be interesting.
Here is my long view of the dollar. This is for demonstrating the possibilities of what could happen and is not formal investment advice. What it is, is food for thought.
Shout-out to all the haters, You should have listened at 1200 and 2k and 5k. Check out my last chart on my profile and leave a comment.
Historically, silver is a highly liquid, highly volatile asset. It has a variety of industrial uses, probably even more than gold, and thus I see it as quite undervalued. Here, I'm playing with several Elliott Wave patterns to confirm my fundamental longness on silver. There is the initial impulse wave (1-5) with the extended third wave (1-5), and then the...
The purpose of this chart is to show how Elliott Waves can be identified generally in common charts, how the cycles can be superimposed, and how you can make general predictions using wave theory, especially with a stock like Apple. The general price levels are meant only to give ranges that you can reasonably expect for possible corrections on different...
This chart is similar to the APPL examples I posted previously, except I've shown more examples of corrective ways and how you can use them to make reasonable predictions and trade ideas based around them. I combined them with sensible Fibonacci levels for individual wave targets to make my predictions, and I also included wave extensions to show how powerful...
Not a lot of commentary on this one. Just know that when it hits the true top, it's going to come back down even faster, with frightening speed. Watch carefully and you'll know, listen to your gut when it tells you. Only the strong shall survive, it WILL crash back down again, and the cycle shall rinse and repeat. History tells us that. This is simply the nature...
Hello, Lovely ChartHunter-PipGatherers, there are herds of mainstream altcoins to be harpooned right now, so I'm serving up some thoughts on ETC. Yes, I like big profits. Yes, fraudulent fools call me a "reckless cowboy." Yee-haw. I'm not going to go too much into the fundamentals other than to say this: know your FORKS from your spoons. ETH has dropped almost...
This is a risky one, dream big, play small, but it's an interesting concept. I guess I see opportunity where others see a dead horse. Supply is 21 million, the RSI doesn't match up neatly but every time it drops into oversold, especially in a cluster of 3, price eventually has a nice pop. Just be Patient. Looking at February or even next summer for a target....
I wanted to do another update because btc has been looking ugly these last few days, but DON'T SELL HERE. Ichimoku is the Japanese system, and the bars are also a Japanese invention that originated as a method for traders to track rice price movements over 500 years ago. This system provides some clues as to what's coming, and BTC is hot in Japan lately, so I...
Looking for a bounce off the 38.2 line, so that's an ideal entry for the long trade. Maid has a good community behind it, over a quarter billion in market cap, 452 million coins in circulating supply. Look for the RSI to hit overbought conditions first and then make your entry during the presumable formation of the right shoulder. We're gambling to give a better...
This a long trade idea for Bytecoin, I like the fundamentals, this coin has a big market cap but it's still young, still cheap, the circulating supply is massive, 183.25 billion coins, and that is a concern, as is low volume, but I think this coin is going to bounce pretty hard, it already bounced off the 39 sat mark and hit mid fifties, that's a nice gain by...
Here's a fresh bitcoin chart, I use the double set of Fibonaccis to give me additional reference points, like the general resistance lines I put in. More references to the potential possibilities is the name of the game, as anything can happen at any time and nobody knows exactly what's going to happen. The price could shed many thousands of dollars but I think...
In case anyone wonders what it's going to do, it's going to go up, and digest the big sale like it historically always has. Under 15k is not a bad time to buy right now for medium timeframe. If you saw my original Bitcoin Elliott Wave and acted on it and stayed patient, you are doing mighty well. Some thing with gold. Gold will be the next to have a big pop but...
I've got two sets of Fibonacci lines here, which is different and cumbersome on the eyes, but it's useful. Market cap for NXT is 87 million, in the middle of June this year it was at 220 million, and circulating supply is a billion coins. This is another liquid coin with an established presence and community for a few years, because of that there is an element of...
NMC folks, it's old but it's established. This can be a very technical coin and I'm not an expert but I can appreciate an anti-political censorship coin hardwired into the internet. This is one to play if you've got cash overflowing, try a little chunk, NMC can be very volatile so don't be a silly dum dum and dilly dally when it sails up there into the money, get...