dalmazio

dalmazio Updated 

Price target of $3000 has been reached. However, movement from $3800 to $3000 took several days to develop, whereas price movement from $3000 to $3800 was parabolic (hours) and therefore highly emotional (FOMO). This kind of parabolic price action is often reversed by an equally parabolic return to where it started. In fact, there is the very real possibility of...

dalmazio Updated 

There is a pattern across all cryptos that began on Sept. 8, specifically the bearish pennant. What’s remarkable is that it’s occurring across all cryptos. This suggests to me that there is a move underway, which will affect all cryptos. I’ve already written about the Bitcoin tsunami, where I am expecting a correction down to the $3000-$3500 range, and possibly...

dalmazio Updated 

It appears we may be in the middle of a larger corrective ABC Elliott Wave, rather than at the end of one. On a related note, I was looking at the BTCUSD chart, and saw what seemed to be a large corrective ABC Elliot Wave which we are right in the middle of, having only recently begun the C leg. A correction that can bring us down to $3000-$3600, and possibly...

dalmazio Updated 

I just had what I think was an Eureka! moment that I wanted to share. It appears we are in the middle of a large corrective ABC Elliott Wave. What I like to call the “genesis” wave since it's the largest completed Elliott Wave. it looks like we have just completed the B leg of the ABC corrective pattern (recent short-lived bull), and we are on the verge of...

dalmazio Updated 

This is the same chart as previously, except zoomed way out, so you can see the broader Elliott Waves in context, with the purple wave being the largest completed "genesis" wave which we are now correcting. Targets are shown to be $3000-$3600 based on standard Elliott Wave Theory. However, this correction has the potential to go much deeper. For example, the...

dalmazio Updated 

The same chart as previously but zoomed out so you can see the ABC corrective wave in its entirety. Target: $3000-$3600

dalmazio

There is a bearish pennant chart pattern across most cryptos that began on Sept. 8, and has now broken out. What’s remarkable is that it occurred across many cryptos at the same time. This suggests to me that there is a move underway, which will affect all cryptos. Specifically, I’ve already written about the Bitcoin tsunami, where I am expecting a correction down...

dalmazio

There is a bearish pennant chart pattern across all cryptos that began on Sept. 8, and has now broken out. What’s remarkable is that it’s occurring across all cryptos. This suggests to me that there is a move underway, which will affect all cryptos. Specifically, I’ve already written about the Bitcoin tsunami, where I am expecting a correction down to the...

dalmazio Updated 

We have a few things going on which seems very bullish for TenX. First we have the Elliot Wave count where it appears we are in the early stages of Elliot Wave 5 after an extended Wave 4 correction. This alone could take us to previous ATH and perhaps beyond. Second, there is a downward wedge pattern with breakout pattern that seems to have formed. If this is...

dalmazio Updated 

A pennant pattern has formed, and it appears a breakout is confirmed. Target: $15.50

dalmazio Updated 

It appears we are at or near the end of a completed Elliott correction wave. This correction appears to be quite mature, and we are ripe for the start of the upward movement of the next Elliott Wave. In addition, a very large descending wedge has formed, which is also quite bullish for TenX. Especially given that we have just begun what appears to be a breakout...

dalmazio Updated 

It appears we are still in the corrective wave structure that is moving sideways. In Elliot Wave Theory, sometimes corrective waves aren’t simple ABC zig-zag waves, but chains of corrective wave structures that can move in a sideways direction, including WXY and WXYXZ corrective chains structures. Effectively, each of the subwaves in ABC get replaced with...

dalmazio

A descending triangle has formed. Most of the time these patterns break the support line and continue to fall. However, if the support line is too strong they can also break upwards. Watch for a convincing breakout in either direction. Target I: $75 Target II: $84

dalmazio Updated 

Update wiith leg A and leg B of corrective wave ((ii)) appearing to be complete: Wave ((ii)) ≈ fib. 1.0 extension of Wave A ($308) Wave ((ii)) ≈ fib. 0.5 retracement of Wave ((i)) ($304) Wave ((ii)) = fib. 1.238 extension of Wave A ($302) Wave ((ii)) = fib. 0.618 retracement of Wave ((i)) ($295) Wave ((ii)) = fib. 1.618 extension of Wave A ($294) Adjusted...

dalmazio

Caught this a little late, but we have a breakout of the trending channel encompassing the first Elliott Wave that appears to be coinciding with the end of the first major wave and the start of the corrective ABC wave. This correction suggests a wave 2 target between the fibonacci 1.0 wave A extension ($73) and the fibonacci 1.618 wave A extension ($68). In...

dalmazio Updated 

It appears a triangle has formed, with strong momentum divergence. This in conjunction with completion of the fifth wave of the higher degree Wave ((i)) suggests we have commenced the Wave ((i)) correction (first wave) of the new cycle. This should take us down to the 0.5 x Wave ((i)) area ($304) or the 0.618 x Wave ((i)) area ($295). Additionally, the ABC...

dalmazio Updated 

Here’s another idea based on a renumbering of the Elliot Waves, as the Elliot Wave count previously had some overlap between Wave 4 and Wave 1, albeit minor. Still, Elliot Wave Theory states that this overlap is one of the hard-and-fast rules about Elliot Waves that must be followed. What this means is that we have completed the 5th wave of a larger degree 3rd...

dalmazio Updated 

It appears we have completed 3 wave levels: wave (v) of a larger degree wave v of a larger degree wave 3. A fib. 1.618 extension of the larger wave 1 would put us around the $384 price point, where we should have expected a larger degree wave 4 correction which is happening now (Sept. 1, 2017). In Elliot Wave Theory, one of the general guidelines for predicting...