TheWhistler

TheWhistler Updated 

5th wave in progress suggesting limited upside. Once done, retracement in wave 2 sets up the 3rd wave higher. ( A degree higher than displayed wave count on chart). Suggested strategy is wait for the retracement then try and hop onto wave 3 up.

TheWhistler Updated 

With Bitcoin exploding i thought to check out other , Litcoin, eth, Dash coins USD pairs. They all have similar price sequence tracing out clear wave patterns.In BTCUSD we have wave 5 in progress. On completion, pullbacks as wave 2 will set up the wave 3 higher. So rather than chase the market at this point, i will be waiting for the retracement and try to hop...

TheWhistler

We have a clear zigzag making up the (w) leg. Price action from the low in Sep 2017 to current is clearly corrective. This suggest more downside. A break and retest of the 2nd trend line drawn from Sept' 2017 low would add weight to my view. Keep an eye on this one

TheWhistler Updated 

Note the upside down week high lighted , formed a new high but closed lower. This week we see a gap down. Anticipating more downside.

TheWhistler Updated 

Pair has broken the raising wadge after the bull trap. See a consolidation on the daily presenting a good entry point once price takes out the low

TheWhistler

Selling rallies in this pair. Expecting a retest of Jan 2019 lows. However nothing moves in a straight line.

TheWhistler Updated 

Pair seems to have minor 5 up and a three wave corrective a,b.c . Also a probable inverse head and shoulders in the mix. Might provide fantastic upside potential

TheWhistler Updated 

Expecting some reaction in the red zone.

TheWhistler

After an explosive rally, BTC might be prime for a pull back before commencing the next leg higher. We can clearly see a 5 wave sequence on this weekly chart. It might move a bit higher but i think the upside is limited at current price point and chasing this market might not be a smart move.

TheWhistler

Ripple is at a decision point in this contracting triangle. Further consolidation in the triangle apex is still possible. However sooner nor later ripple will breakout. Watch list candidate

TheWhistler Updated 

Spot what looks like a triangle B wave. Anticipating C leg lower. Sell stop order placed below the key reversal daily bar

TheWhistler

Trigger break the week low @ 0.8817. Progressive lows, an M pattern neckline break and retest of the neckline. Partial profits at 0.8324.

TheWhistler Updated 

Pair has been in consolidation for 3 years plus, in what looks like a triangle wave 4 ( Cycle degree) which is most likely completed. If this count is correct, then we should expect pair to trace lower prices towards shaded rectangle. My plan, sell rallies

TheWhistler

Yellow metal has been in a holding pattern that might be a triangle since 2015. Last week momentum could have marked the end of wave (E) as well as the higher degree b wave. If correct the low at 1266.35 should hold. Break above 1365.92 will add confidence to this bullish idea. Targeting 1500+

TheWhistler

Current price action is a correction in progress of the rally from Oct 2018 low. W leg is considered complete with the X leg a probable expanded flat. Meaning i expect lower prices to complete Y leg around 8700 level and hence wave 2. Alternatively wave 2 correction might be complete. To be confirmed by 5 waves up from current level

TheWhistler

Weekly chart hints of an incomplete bearish price sequence. If correct i expect price to takeout the Sept 2019 low so long as price hold at or below 3650.

TheWhistler

Probable zig zag with the C leg pending

TheWhistler Updated 

Pattern suggests a new high above 78.86 is probable Cheers