aoeuaoeu

aoeuaoeu Updated 

We just finished an ABC correction for wave 2. Wave A, if you zoom in, shows a very clear 12345 impulse. i.imgur.com Wave B is an ABCDE rising wedge, which I mistaken for a 12345 leading diagonal in a previous post. Wave C is another 12345 impulse, completing the 5-3-5 zigzag. Wave C also happen end at a 1 to 1 Fibonacci Extension from wave A, creating a...

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Bitcoin has risen about 70% in the past 4 days! It is obviously in a bubble whether you like it or not. It will definitely burst soon. However, it is difficult to predict the top, although they are many signs that 172000 the peak. First, the volume spiked 2-3 times in the last few hours: a common sign of exhaustion a reversal. Next, the RSI has not 2, or 3, but 4...

aoeuaoeu Updated 

Wave 3 of the recent surge in Bitcoin 13.41% has been extremely strong, exceeding even the 1.618 Fibonacci Extension . However, we see a rising wedge , which is also a ending diagonal and the 5th sub-wave of wave 3. Also, the RSI is showing bearish divergence. All these factors point to a temporally correction. Remember, the price never goes up forever; there are...

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BTC, by sheer power of will broke out of the rising wedge, and now is extremely bullish. We see 12345 impulse forming and could get targets to 16660 using a 1 to 1 Fibonacci Extension after a brief correction to the 0.382 Fibonacci Retracement Level, which is 13540. It will likely retrace to the 0.382 level since wave 2 retraced to the 0.618 and the correction...

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BCH just finished a 12345 impulse and is almost done a WXY correction. We see a bullish falling wedge that confirms this count. If that is the end of the corrective cycle and the end of wave 2, we could see targets of 1790 to to 2060 according to a 1 and a 1.618 Fibonacci Extension.

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After the massive uptick to 11400 on Nov 29, we just finished wave 5 and are currently experiencing corrections. However, that does not mean we can't play the bounces within the correction! Right now, Bitcoin is forming a rising wedge, both a small one and a big one. The small wedge will likely break and go down to around 11280, which is the price at the top of...

aoeuaoeu

We are currently experiencing corrections and at wave 2. We just finished a 5-3-5 zigzag as shown by the ABC and are starting sub-wave 1 of wave 3. Wave 3 is never the shortest and with a 1 to 1 fibonacci extension, we get a minimal target of 528. Sub-wave 1 is a leading diagonal, forming a rising wedge, and will likely retract the length of the opening of the...

aoeuaoeu

BCH just completed 12345 impulse wave and is experiencing corrections. Wave A (12345 impulse) and B (abcde corrective) are completed and using a 1 to 1 fib extension, we get a target of 1350.