nnichos

nnichos

Feeling like drawing today.

nnichos Updated 

Many different scenarios are out there. This is the one I am sticking to. Let's see if it plays out. Wolfe Wave trading pattern.

nnichos Updated 

Timing was off, the 4th wave double top always gets me... every time. At least this time I didn't fomo in, because I think the falling wedge is still intact and we will see another small correction before we resume going up.

nnichos

Falling bullish wedge? Diagonal triangle.

nnichos Updated 

My thoughts are: we are going to around 86 to test that Ichimoku cloud support, where we will form a cup and a handle and then back up to at least 89.

nnichos Updated 

Clean chart, not much drawing. Some "gut" guesses. Hopefully it plays out. MFI is green on 4 hour chart. It's a good sign. if you missed the panic sell off on the quick wick like I did, we might still have a good opportunity to exit safely.

nnichos

On a weekly chart, at least $150 doesn't even look that far. Or may be even higher. Looks like we found support. All the indicators are at the bottom. We might have a very nice bounce soon.

nnichos Updated 

If the count is correct, our bull trap should land on $96, or further up on $97 if we go sideways for a bit. If not enough momentum, we might just move up to around $93. Then it will look like double top I it is also the upper border of Bollinger bands right now). There is also vertical red line - the length of inverted head and shoulders pattern, who come...

nnichos

If we get bull trap as expected, we might land on 96, if it takes longer, than around 97. The length of inverted head and shoulders is up to 100, if drawn correctly and enough momentum. Which is also a psychological number. I believe we won't pass it. 100 is also an area near trend line drawn from wave 1 through wave 4 of the falling channel according to Wolfe...

nnichos

1 hr chart looks good. Indicators are low and pointing up. MFI just left green area and pivot reversal has blue arrow. I am aiming to $96. Or could be just around $89.

nnichos

Looks like there is cup and handle and we've reached the target (yellow lines). Also looks like 5 waves on Elliott wave oscillator.

nnichos

If my drawing is correct, we should hit the upper trend line , go down to around 5k and then back up. Though I learnt that patterns don't always work. So let's see.

nnichos

6300 today, then back up to 6500 tmrw - Monday.

nnichos

I see 5 wave pattern. We are at the top of 4th. Will correct to the bottom of the channel and go back up to around 6500. Drawing is in case if the 4th is not double top. If it is, then it will go sideways for a few more days. Stoch and Stoch RSI are pointing down. MFI just left the red area. Will wait for the momentum Stock and Stock RSI to go below 20 to enter back.

nnichos Updated 

I Belize we are not going further up than 79.7.

nnichos

If we are in the wave 5 of the big corrective wave 4, and only going up, this is how I see it. With double bottom at around 5800. Don't forget to put likes, apparently rep is important here :)

nnichos

Comparing charts with previous years and watching indicators, I came up with current -> 6450 -> 6250 -> 6650...

nnichos

Looking at the bigger picture (weekly chart), I am thinking we might go straight to 69.6 and then back up (meanwhile BTC -0.95% -0.94% would go to 5700). Hmm....Need to watch indicators closely today and not leave the house. Stoch crossed down. Trade responsibly.