used tradingroom priceaction monitors to isolate BCN WABI and LTC : these have been green across the board, WABI is too small cap to be worth the risk. LTC appears to have led the general crypto pullback/rally since 12-14dec2018 but BCN appears stronger. Sold LTC to buy BNB : looking at fibs, the rise from 3.45 to 4.26 is a retracement for which support at...
expecting a fifth wave down, but the current cycle has been less sharp than the fall from 310-210, so will be interesting to see what develops after that: doom to 150s might take ages to come if at all it surmises. Holding small qtrly shorts, but generally long til we hit 230ish(at which point I expect the 5th wave to start.
I reckon the odds in favour of that consolidation I was expecting are diminishing, and given we've stayed above that long-term blue trendline for a fair bit of tme(and not just wicked/spiked above) suggests we're headed to meuhnn, but I ain't too convinced yet. Also note we've had a clear 5-wave impulse since the 5-wave 5th dive from 239 to 214 that rose further...
Rebuilding shorts as I think we're headed to doom around 200s, not much commentary to add from previous posts, but as u can see this count is invalidated if we push higher past 240s.
ok so I think my longer term count needed updating, luckily it has moved in favour of my trades :) I reckon the fall from 300s is the beginning of wave5 down, of which we have only had wave I and II so far: I think this evening we will have a bit of further capitulation and margin calls to bottom wave III out(210-215 ?) and begin wave IV up (to 230s ?) ... then...
I feel we didn't manage to make a clear break of the downward trendline on the Daily chart, and have just had wave 3 of a downward move that will probly take us to 235 or lower. Anyway, the crash from 254 to 243 is deffoz a wave 3(and not C of a correction), so we need a bit of consolidation before wave 5. Closed most of my shorts(closing rest as we go) and am in...
so whatever dafuq this is developing into (triangle? zigzag? chop? fks given=zero) I think after the 5 waves down we have to consolidate for a week atleast: have left my quarterly shorts open(reduced size tho) but been opening longs since 248(so currently those are losers): expecting a rise to 260 ideally, atleast 255s. I think that red line will hold for...
short term long, think this retrace from ATL has a bit more steam to go ... long @ 1.09, SL 1.085, TP 1.1
I think the overall trend is still down but based on a double bottom signal in GBPAUD by river_54: the pair is not available for me to trade on, so am using EUR instead, expecting the same trendline below to hold as support for now, targeting 1.41s
so basically I think a ABC correction to 300s is over and we're back in the downtrend(was hoping the downtrend was over but hey ho). and in that picture I reckon we're in wave 4 of 5 ... trying to catch the top on that: not expecting this to top out til settlements fuckery is over tomoz, so accumulating shorts as we go. Not really expecting for this to rise much...
ok so that decline from 290s(3mar2015) was a clear 5-wave impulse. So now even if the rise from 5mar2015(260s) to 285 was corrective, we should have another wave up. The trendline(green) hasn't been broken yet, so here's hoping ;-) Per my longer term view , I am expecting a breakout/controlled rise as opposed to a resumption of the downtrend, so I think we're at...
I think the rise from 13jan2015(150s) is corrective, but also think the fall from nov2013(1160s) is corrective to the longer term trend in BTC. The daily(LHS chart) seems to suggest the rise from 13jan2015(150s) was a ABC correction. Looking at the 1/BTCUSD chart gave me a better perspective on this as I couldn't arrive at this conclusion by simply looking at the...
a highly speculative long while we consolidate in like a triangle, that red line seems to have held well, I'm out when that breaks convincingly: good thing that line is rising:) Expecting a rise to near 400 or more as a final spurt ... then megacrash ... then mewnn
so basically I think the current dive will resume(where to? dunno) before a major uptrend. Currently looking to accumulate more shorts, which I'm keen to do while it is retracing(I think) from the dive to 367. I've drawn a few fib retracements, one for the rise from 275(to look for support), I see major supports have been smashed, so this baby is going down for a...
The move down(pink) from 475 was so violent that it broke all supports: so I think the move back up(blue) from 370 is corrective and can never resume the move up from 275 without a test/break of 275 first. Also, because the decline(green B) from 410 retraced more than 50% of the rise(green A) from 275, the whole move up(green) from 275 looks like a corrective...
looks like a descending triangle, and those tend to continue downwards in the end, unless it breaks ... staying on the sidelines for now ...