jonasthomasen

jonasthomasen

ZCL has been doing well for those of us who have been in it the past couple of days. The bulls are starting to look exhausted now after the run, and this clearly comes to our attention in this chart. I see five different bearish indicators 1. The famous wedge, likely to break down 2. Leaning a LOT on the trendline in between spikes 3. Volume is decreasing for...

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My thoughts on Stellar Lumens.

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Here we go. ADX is bouncing within the downtrend channel and is yet again to meet support which previously has acted as resistance. Should be very simple to comprehend the idea - feel free to ask any questions. This should, as always, be traded with a stop loss. No one knows the market state when the trade is due, so is BTC still fluctuating and creating chaos...

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IOST has been performing extremely well lately, and is now forming an ascending triangle pattern. As you can see it broke out of my previous trade pretty quick, due to the state of the bullish trend. Trade it on your own risk with an entry on the bottom of the triangle with a stop loss underneath, or trade the breakout (convincing with volume) with a stop loss...

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Hi guys, It seems like RPX is going through some heavy accumulation. It's right now forming bullish pennant, but due to lack of volume and previous price action i think it's going to break down, and therefore i have an entry zone around the previous support line with a stoploss underneath. Are you the risky trader, you can choose to trade a pennant breakout with...

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NEBL LONG

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My thoughts on NEBLIO

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My trade setup for WAVES/BTC

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Look at my previous post for the bigger picture. So far the waves are coming up just as predicted and drawn earlier. Let's hope big boy BTC keeps it up. Alright, here we go on the 15 minute chart. It looks like the second correctional wave (yellow) now is completed with an ABC-structure and were moving on to the first pullback on the 1st impulse wave on our...

jonasthomasen

//// ZOOM OUT ONCE OR TWICE //// (4hr chart) The Elliot Wave way out of the bear channel. BTC has been pretty good at bouncing off the FIB 0.5 and 0.382. This is a very risky play but nevertheless it's according to the strategy. We would have to see BTC at the trendline again though. So plenty of stuff could happen. This is one scenario. "Bear" ind mind that...

jonasthomasen Updated 

Hi guys, As i see it we've made the first ABC-correction so far. If we bounce off the downtrend channel at around previous support 10.3 we'll complete the "B" of the second ABC-correction and the next bottom might be the "Y" of the WXY pattern AND the "C" in the second ABC pattern. There's a small chance that we will bounce back down off the 10k previous...

jonasthomasen

This is my first analysis ever, so please "bear" with me. As i see it we got rejected at the 11.6k resistance and still going down. At first we broke down through the 200 MA and we are now testing the 10.3k support. Doesn't this hold, we might see the 500 MA tested. Do we bounce off the 10.3k support we look to finish the ABC correction and a see test of the...