bluemt95

bluemt95

Got some good advice from other users here on TV and made some corrections to my chart, although my idea of the Elliot Wave forecast remains intact. I've extended the Fib levels to get a better forecast for Wave 3 and 5 and used the linear regression tool to more accurately show the uptrend channel. Although my charting is novice, I still believe the markets to...

bluemt95 Updated 

Volumes and the oversold RSI are showing the rally is slowing down,just as I predicted in my last idea, we got to 9600 and everything slowed down. Price went up a bit higher than anticipated but the concept remains sound. We need a retracement or consolidation overnight, ideally all the way back to 61.8% Fib level (9423) so we can continue up to the next level...

bluemt95 Updated 

Looking at the 2 hour chart, we see that BTC continues in the uptrend channel that started in the beginning of April and the bulls have invalidated the formation of the recent Head and Shoulders formation. This is a very bullish signal that tells me there are plenty of optimistic traders right now and we are waiting for everyone to get on the train and reject...