Look at this nice 8333 support forming. Gotta play out for sure!
This is probably the most important value one should consider in this position... The nature of algorithmic trading makes this level very important for a wave model analysis. See the charts below...
I checked all latest retraces, the most common values is 0.5-0.618. We are almost touching 0.618 of the shortest fibo grid, and already passed the 0.318 and 0.5 values of two other possible perspectives' grids. Confirming that the possible bottom is, possibly, closing right now) Buy this dip) While you still can!
Simply providing a picture of the fibo retracements in terms of the second perspective. Plus, see on RSI 48 a noticeable buy signal. Buy, buy, buy!
Looking bullish, the price above 7667 is ok in terms of rally continuation. If we fall below this value, keep your heads up - means the bulls lost. But for now the defenses are giving a helluva fight and the bulls are getting only stronger as the price goes down))) Time is to hodl, gentlemen!
This is also a valid chart. Gotta have to consider both charts. What if this is a first leg - the whole upwards movement since December?
This is possibly another good opportunity to hodl another portion of BTC while you still can afford it! The beloved by market makers tripple zigzag formation has just finished evolving. See xyz-w-xyz-w-xyz group. And some strong bullish divergences on 5m confirm it. Let.s run this rodeo, bulls!!!! Prepare for the lift off! Await further confirmations from the...
I have lost the description, and... one who studied the theory doesn't require the explanation! So I'll be very short. The accumulated above 6.5k in the last few weeks massive group of initial waves(1-2-1-2-3, 1-2-3-1-2- or smth like that) seems to be planning a MASSIVE invasion over the 9k+ region. I mapped out (with all the cautiousness one ever may...
The very same idea, but the chart is m30.
A basic fibo declares the last z wave still missing, thus confirming the coming dump to 0.14. 0.14 - this may easily be the true bottom. A lot of signals confirm. A lot. Remember - don't long it until the last Z formed. Safe to short now. But be prepared for the incoming trend change!
This is more art right now than real science. But I've got a very good feeling about these fractal relations in somewhat golden proportions. They tend to work most of the times. TP levels see on the above chart.
Continuing the analysis on XPRUSD. See the previous three ideas, they are all parts of the same analysis (in the Related Ideas below). The chart tells all the data. I have spoken. See the charts closer and not so much: Pay special attention to 4 facts: 1.We are experiencing low volumes(consolidation phase) for months really. (the same happened already...
Welcome to everyone interested in the Ripple coin! I'm expanding my analysis upon this instrument as well(see my BTC posts). This idea is the root idea every other post on Ripple will be related to. I base my TA on the widely known Elliot's Wave Theory (influences as well: Prechter, Voronin(ov?), Frost). The base wave map will be carefully analyzed and all the...
I need proof! Do you wish to see some proof too? Walk with the General through the garden of Xyz, and nail every correction ever happened to XRP under the moon... As I explained in the previous idea #1, we can observe exactly 11 waves long correction wave model. This is one of the most widely encountered correction patterns in the crypto market on higher...
This is a continuation of the analysis on BTCUSD (see older posts to get the full picture). The market is evolving exactly as foretold. Now the new "impulse 12345+xyzwxyz correction" combination has been formed, that means that the higher trend( global 12345 bullish trend) is about to continue. Also there's some confirming this divergences, on 5m. Don't have...
Just a good idea( with the help of Sampdm8 , respect! ). Will track it for a while for fun. This is a Descending bullish Triangle. In bullish markets, while being formed as a correction(always) relative to the global bullish trend, signals about the PARENT trend continuation, i.e. the previous movement continues... not vice versa!
I don't like to speculate too much, thus I am very cautious when mentioning anything further than a few days from now on into the future. This idea was born as an answer to the question pitched by fellow trader - nickrandy1 . Respect! Simply two charts. The #1 major reason why we are going sky up is mapped above - the FINISHED correction model...
I guess 56 hours of non-stop analysis payed off in a form of followed 56 hours of pleasant observation, of how the forecast predicts with 95% precision all the price movements))) Now this is the time for the bulls to get into play. Probably on Monday, or even in the following 4-5 hours we will observe a huge price. A lot of confirmations kicked in, time to...