RichardSlanger

RichardSlanger

Not a EW expert by any means but pretty clear cut waves even for ew newb. $8 and $4 targets with SL placed somewhere strategically placed about the 382. Bearish MJ everything. Hype bubble imploding

RichardSlanger

Expecting a retest of the 382 from most previous leg up, eventually bearish pressure will start to show again and this market will begin to panic. Traders will take profit and investors will show their weak hands. Looking for a retrace of around $3. SL above the 382 level.

RichardSlanger

Expecting a retest of the 382 from most previous leg up, eventually bearish pressure will start to show again and this market will begin to panic. Traders will take profit and investors will show their weak hands. Looking for a retrace of around $3. SL above the 382 level.

RichardSlanger Updated 

This tightening pattern is a momentum traders dream. Targets listed in chart.

RichardSlanger

Eddie needs to make a move or to delistment it goes ´´´´´´´´´´´´´´´´´´´...

RichardSlanger Updated 

Wicked H&S forming, bulls struggling to break previous support $82.5 level, now tough resistance

RichardSlanger Updated 

Tick tock the big break is coming.

RichardSlanger

Btc has formed a falling wedge and has found temporary support on the .786. Looking for a breakout but suspect it will be limited in upside with a retest of the 618 fib being first target. Also has exited the bottom of the BB which historically means momentum has reached or near climax.

RichardSlanger Updated 

Bitcoin has become extended the last few days while forming a bearish reversal pattern H&S. The break of the 8ema with large bear volume was the first red flag. Seems to be forming the right shoulder with the 8ema acting as resistance. Its is also notable that previous market structure of pendant is also acting as resistance above the price action of the last few...

RichardSlanger

We can see on strength/momentum indicators have both hit historical bottoms and ltc has entered a strong support zone. FA also supports TA as it was released today that the litecoin foundation and token pay have bought a stake in a German bank. This is news that will now give retail investors a speculative opportunity to start buying in.

RichardSlanger

Possible head and shoulders forming on the 4 hour. A break of 6400s will be short signal with a stop at top of right shoulder at 6644. Targets will be 6200s, 5900s, previous local bottom in 5700s. A bounce with strong volume from the neck line will be a signal for longer term bullish trend.

RichardSlanger

Bullish divergence finally forming on all 3 of 14(d) rsi, stoch slow rsi, and cobra momentum indicator. Looking prepped to form a IH&S reversal pattern. Seeing a rejection at previous market structure (red trend line) will be a big red flag that bears are still very strong. A test of 7800 resistance would be ideal for the bulls because we would have then...

RichardSlanger Updated 

Lots of news going around that 250,000,000 usdt was just printed. Here is a chart with the dates of large amounts of tether being printed. As you can see, it does correlate with the reversals , if anything there has always been one more leg down on the daily chart . Trade with your chart not your heart <3

RichardSlanger Updated 

Short squeeze on late money needed to maintain downward pressure also due for a backtest of previous market structure. 7200 target.

RichardSlanger

This is a continuation chart of my previous idea -

RichardSlanger Updated 

Learn more about wyckoff method here: stockcharts.com

RichardSlanger

Just a quick pattern i could see possibly playing out, i suggested this could be forming a couple ideas ago but short was stopped out as target ending up being much higher. Again we need more confirmation to act upon it so wait for neck line break if the rest of the pattern plays out. If it does we can expect another trip to the lows.

RichardSlanger Updated 

If downtrend lines proves too much for the bears we could see a abc correction that plays out similar to a H&S pattern. This would also set a lower high and a higher low on the weekly. Short signal will be a break of the neckline.