nnichos

nnichos

Disregard the previous chart. I think this one looks more accurate.

nnichos

Wolfe wave, diagonal triangle type 2 EW. If this plays out, we should see area around 16, before going down. It's new, it's risky. But trading is risky, can result in a total loss of your funds. These charts are for my educational purposes only.

nnichos Updated 

This scenario looks painfully familiar, as if I was burnt by this pattern before. I went back and checked and yes, I was burnt by it in January, when I was expecting a solid bounce up and instead the price dropped significantly (I was brand new to trading at the time). I see here diagonal triangle type 2 by EW (I think 3 drive pattern is the same thing, pardon...

nnichos

I narrowed down the target. Generally I am bad with the tops. Working on getting it better. Stay Tuned ;)

nnichos

We've been expecting the price to bounce to 6700-6800 level forever. I think we are almost close to that happening soon. Diagonal triangle type 2. When you learn something new, you see it everywhere ))) (sometimes even when it's not there lol let's hope it's not the case).

nnichos

I got 3 more versions of this. Two of them going as low as around 4 k and 1 strictly to 5k and then up.

nnichos

This falling wedge looks like diagonal triangle type 2 from EW (green color count). If this is so, we should bottom out somewhere a little below lower trend line. Although I've noticed, sometimes wave 5 transforms into a cup and a handle (!), which can go much lower before going up. Trade safe, don't listen to me, listen to your gut :)

nnichos

We went sideways longer than I anticipated. Here are the new thoughts for near future.

nnichos Updated 

My new pretty chart (big possibility it could be wrong). Just for my personal education...

nnichos

Let's see if the new circle plays out. All trend lines are pointing to around 51 - 52.5. Some bounce should come soon. I am not giving this up :)

nnichos Updated 

Cup and handle? If we are bouncing some more, then it might be a cup and handle pattern.

nnichos Updated 

Low volume, gdax is down with BTC, Stock RSI on 4 hr is slowly crawling up without substantial price action. We might not see a price higher than around 64.

nnichos Updated 

Zoomed in on a smaller frame. Added a new number around 44.

nnichos Updated 

We are on the way down. Let's see how low we will get. Possible numbers are circled. Listen to me at your own risk. Not a financial advice.

nnichos

I am not ready to fomo in. At this point I believe we still will go lower. I draw a possible scenario. Not a financial advice, do at your own risk. I like my numbers though. Most likely the timing is off, so I'll have to practice patience again.

nnichos

Let's see if this plays out.

nnichos

There are 2 major trend lines. The purple and the magenta. I was puzzling as to which one we will test. Since we were so bullish in the days before, I put my bet on the closer one and entered a long position at 7770 (red line approximately). Unfortunately, selling pressure was strong and we went as low as to the lower trend line (magenta). At this point, I still...

nnichos Updated 

Similar to the previous post. Wolfe Waves, Bullish wedge. Are we correcting one last time before going up? Hopefully. This wedge is big and long, it took some time to form.