ZCL and the emotional market cycle. The resemblance to the classical pattern of boom and bust is uncanny. wallstreetjackass.typepad.com The boom manifests itself in 5 wave impulse move. Checkout Elliot Wave Theory. www.babypips.com The bust culminates in a 3 wave correction down to the vicinity of where it all started. If you can identify these patterns in...
Full retracement from the previous bull run and partnership with Unity3D (game graphics engine) announced (twitter.com). Could do very well in the near future, provided BTC doesn't go full retard and jumps to 10k.
Sitting on strong support. If we break the downtrend line with big volume, get ready for lift off. Bullish divergences on RSI and MACD. Simple and easy, targets in yellow based on fibs and market structure. Stop below the recent lows. And hell fucking yeah, bittrex charts on trading view. Awesome :)
Decred finding support at the green trend line after dumping. Price range contracting and forming a triangle, triangles are powerful in crypto. Illuminati confirmed and Rothschild buying into BTC. Only one way possible, and that is up. Obvious sarcasm is obvious I hope. Targets are in yellow, the highest target is a bit of a stretch tho. Aim for the first two...
The chart speaks for itself. Make sure to have your funds in a safe place BEFORE 1st of August, under no circumstances leave them on exchange (unless you dont mind losing them). Unfortunately, I am not able to predict what will happen after the critical first day of August as the situation is highly complex. One thing is for sure, fear and uncertainty will be...
Barry work your magic! ETC fundamentally is ETH, minus mutability (aka immutable) and ICO hype. Waiting for the first promising ICO on the classic chain. Anyways, that is a possible scenario. Reality usually turns out very different than from what I make up in my mind tho.
I don't wanna bore you with endless pages of TA, talking about bear divs or momentum. The truth is that even if I wanted to I could not bore you with this; because I am still a bloody noob after all. Having started only a few months ago I feel that I am learning at a negative rate. The more I read, the more the universe of things I don't know nothing about...
As seen in the previous impulse leg, we went back to areas around the last market structure high. Similar action could happen again, for potential targets consider the bottom of the channel, the 0.618 fib retracement and the high of the last impulse move. We have broken support around the 0.382 retracement level and seeing a little pullback from the down move,...
XRP could bounce off of the low of the green channel. Possible targets are drawn in red and marked with TP, the dashed TPs are further areas to consider selling in case price breaks through the first target. XRP had quite a run, so please have a tight stop in place. That thing could crash hard, I don't know how many buyers are still left.
Hey folks, has been a while since I last posted an idea. Really missed the charting and trading, but I had to take a step back and analyse why I made so many mistakes and expensive FOMO trades. So here I am again, this time with DCRBTC . It already had quite a run and has been consolidating for a while, looks like we are ready for another leg up. A big triangle...
POLONIEX:XMRBTC has broken the most recent downtrend (see the orange trend line and how price cuts through it). Additionally it bounced of smoothly of the thick green line I have drawn, which happens to be the 0.618 retracement level of the previous impulse move. As far as indicators are concerned, Godmode is freaking out and has been plotting caution dots for a...
WARNING! I am extremely far from being an expert in Elliot Waves (ew) and all I know about it is really superficial and mostly from looking at what the pros do. Please do yourself a favour and don't follow this idea blindly, possible danger of getting rekt. Now to the ew, thats how I see the waves playing out beginning from the previous cup and handle breakout....
So finally here it is, my first idea. Just a short intro to my trading activity so far to make it easier for you to interpret my idea. I have started to dig into trading in February, so I am very new to this and you should as always take everything you hear and see with a grain of salt. Do your due diligence and paint your own picture. So now to the interesting...