elpokor

elpokor Updated 

Although I didn't give a buy signal into Eth (was busy analyzing bitcoin), I bought at 0.060ish and now sold at 0.06230 due to the obvious divergences. Will probably retest 0.060 area soon if this 4h candle closes where it stands now. When we get there and depending on how indicators look then, I'll update this or post a buy signal.

elpokor Updated 

RSI showed bearish divergence (ofc after that pump), we're going through consolidation phase after the push with both indicators showing hidden bullish divergence: that means price low's going higher with less buying strength and thus lower minimums in the indicators but not yet breaking the trend. MACD and Stochastic seem to confirm my theory, and the green...

elpokor

Again, a pretty much self-explainatory chart. Forgive me not deleting the Fib smaller retracements, but I need them for shorter-term analysis :D. This is the continuation of I'm not sure how to set targets for the bull flag in the long term, as per Bulkowski it'd be like 9.000€ ($11.000) -67% pole PIPS, measured from bottom line of flag- but that's measuring a...

elpokor Updated 

So here I am... Surrounded by Elliot Waves facing towards 4k, Cups and Handles targeting 3k, people calling for final capitulation at 2k, FUD concerning Indian banks banning crypto... Feels like everyone and their plumber is panicking. Yet when taking a look at the daily charts, things look pretty straightforward. We left the green-blue falling wedge on sunday...

elpokor Updated 

pretty much self explainatory, the minimums on the indicators are growing while we keep being dumped. I expect a retracement testing the green-blue wedge, perhaps even all the way up to €6000 ($7300) to test the purple huge resistance trendline that comes from the market's tops. Stochastic is showing slight bullish divergence and also MACD might be about to turn...

elpokor

Pretty much self-explainatory. I don't pretend to be delusional, nor I think this is going to develop like I charted, but let's just consider all possibilities and don't look at charts like blindfolded bears :D The psychology behind this chart is simple: whales shaking off weak hands, but not quite exhausting the bull trend (just yet!). We haven't sinked into the...

elpokor

we weren't quite in the overbought zone yet (normal RSI) and suddenly this dump happens... Daily and hourly timeframes suggest unnatural behavior. The dump obviously caused a dip in the stoch RSI which no other local minimum (hourly candles) is going to be able to surpass unless a cascade of dumps follow immediately or we go near zero trading volume during the...

elpokor

Hourly chart offers plenty of possibilities both to bulls and bears. Overall, we said at macroscale that we're testing a purple falling broadening wedge, and the hourly chart seems to confirm so. We can paint a bull flag tilted down starting with the pump in volume we saw on April 20th wich would make a pole until selling pressure kicked back the 21st. The flag...

elpokor

The perfect storm of contradictory indicators just happened: 4-hour candle chart: MACD is bearish due to the dump on april 22 at 8a.m. CET RSI picked up quickly and is hinting a bullish crossover maybe signaling the end of correcting wave 4 and looking for RSI over 60 Daily candle chart: the opposite MACD hints a bullish crossover to find new highs due to...

elpokor

So we just barely painted two wicks in the 4h chart out of the purple falling wedge which contained the bearflag of the previous week. Following textbooks would suggest waiting for confirmation out of the wedge before we take any position in the market, so I asked myself if I were a humungus whale with bazillions of satoshis: what would yield the most profit while...

elpokor

I think I kinda sorta maybe got the macro-structure, but gotta wait a few days to verify if price breaks out of the H&S

elpokor

road to 9600€? then probable retracement of 250-400 pips. Recolored the smaller waves from previous chart to make the graph readable at 15m candles, but it's meant to be observed with 3-5m candles.

elpokor

waves moving towards 9600€, will almost certainly retract to 9300-9200 after reaching those levels. Ignore the yellow "to the moon" lines and stick with purples/whites, maybe try to short if candles align with the Elliot pattern

elpokor

muh Elliots, bruh!