With the pump from BTCUSD 2.54% today I now see an inverted H&S forming and thought I'd play pick the 5 sell/buy zones for a bit of fun. In general I'm bullish now but looking for a small short entry. Lets see how this goes. Good luck!
This is on the 4hr. See my other idea with small inverted A&E nearing convergence.
The next week or two will be decisive for crypto. I can see a possible inverted Adam & Eve forming before the long term TL convergences and breakout. Good luck!
As you can see from the year or more trendline with 4 touches so far and 1 dip below (capitulation), I see the next week or 2 will be decisive for BTC and I've been building my long positions and improving cost average over the past week or so and will continue over the next week - adding more when we officially break out and up. It's still undecided but my money...
BTCUSD and crypto in general has taken a hammering this month - not only from the cyclical dips that crypto has every time this year but with the added Fear/FUD of more bans, futures manipulation, and calls by governments for regulation on the volatile crypto industry. Also a lot of new money has been scorched which will have the effect of slowing down crypto...
Updating my Bitcoin charting as segwit2x inflating projections as new money comes in and moneys moves from Alts to BTCUSD . Could be a wave 4 developing here with a prolonged wave 3 due to BTGUSD fork perhaps. Targets would be: DOWN to $6700 UP to $8800 DOWN to $5300 UP to $15000 Yep. $15k early 2018.
NEOUSD is looking to find support here around the $30-$31 mark before heading up again. Symmetrical triangle forming... lower highs and higher lows with a bullish continuation means a breakout is on the (near) horizon for NEO. I'm LONG NEOUSD from here until the moon. Enjoy the breakout! :)
Medium Term 1-3 Month Outlook on ETH: ETHUSD is forming a perfect ascending triangle here. It's touched the $390/$400 resistance line twice already and has 1 to 2 more touches left in it before I believe it will break out and up. As you can see from the existing support line the best buying opportunities are right NOW (at the thumbs up icon) or possibly after...
So, this is my chart showing Elliot impulse waves and the A-B-C corrections. Pink is the master wave with the blue marking the inner waves. We're currently on wave 3 of the pink wave, wave 2 (correction) of the blue wave. Wave 3 of the blue wave I'm predicting will take us beyond $4500 which was rejected earlier this week and on to a new all time high...