morrisAlanisette

morrisAlanisette

This is somewhat based off my intuition and knowledge of how these things usually work. We have broken the first trend line, and will form a new one, and then a third one. This is how downtrends work. I think BTC is in a year long downtrend. But in the short term we will I think go up to around .5 and .618 retrace. that position also happens to be the Volume...

morrisAlanisette Updated 

Using Renko makes it easier to make sense of TRX and its price movements. The ascending triangle off the downtrend break is made very obvious. TRX has reached the bottom, broken the downtrend with a retest and is now setting up for an upward movement. We can expect to see at least 60% within the next few days which puts it at a good resistance point.

morrisAlanisette

EMC2 is ready to move up its 5th wave after retesting 200 EMA on 4H. Target is .0000544 which not only fits elliot wave fib formation but is also the Point of Control in the volume profile. I expect it to hit the target within 3 days

morrisAlanisette Updated 

We are currently retracing on the EMA. Why are we going up ? I honestly don't know. It's just something that happens sometimes

morrisAlanisette Updated 

Waiting for the 5th leg to occur. Currently consolidating awaiting breakout

morrisAlanisette Updated 

Setting up for the 5th leg to retrace to around .5 fib of the downtrend

morrisAlanisette Updated 

Right now is the perfect time to buy qwark. It is currently retracing forming a hammer on the daily, setting up wave 5 up 54% within a week. This high will hit the 1D EMA Then I suppose it will retrace back to the 18HR EMA to reload for the wave 5 of the larger trend. The second buying opportunity will occur when it retraces back to the 18 HR EMA. That is 54%...

morrisAlanisette Updated 

I've seen some analysis comparing this recent sell off to the ones previous. The problem I see with this is that it does not take into consideration the cycle. According to Elliot Wave, this matches a perfect 5 wave cycle and this means the entire thing must retrace. If this is the case, the .618 target is $8000-9000 I have also drawn a channel, with the break...

morrisAlanisette

Low volume downtrend since December, just now breaking trend line. After it slides down in a retrace like a sultry stripper it will make the first leg up. Eventually it will reach 16k to form a double top. After that it will retrace back, either forming an ascending triangle upward (extremely bullish), or break the trend completely and fall back towards the bottom...

morrisAlanisette

Just messing around with EMA ribbons. The major corrections seem to touch each EMA line in line with fibonacci sequence. 400-500 the next major correction before upward trend?