phenein

phenein Updated 

Fib lines on the chart from the all time high to the March low. First off, you notice that the bottom could have been identified by the lower low on the SPX while the RSI made a higher hi. Now, we've perfectly touched the fib line (I didn't think we'd get this high). Bounced off the fib line now and here are my reasons why this is a valid shortable top: 1. Market...

phenein Updated 

FIRST, I'll explain my prediction, Then I'll explain how Elliot Wave Analysis works (If you don't know Elliot Waves, read the second part first). Elliot 5 impulse wave. I didn't want to make a mess on the chart but Corrective wave 2 did have an ABC correction, and now Wave 4 also did. Then we had a wedge and a breakout. MACD divergence to confirm the trend....

phenein Updated 

Daily chart here shows a nice pull pennant. Strong volume flag pole during the HUGE run up. After a few days of consolidation we have a breakout with 3 white soldiers (that's 3 green candles in a row). Possible to see a pull back in to the buy zone here at the 40-45 range. Target of the Bull Pennant: 109, which is more than 100%. Entry: 40-45 Stop Loss:...

phenein Updated 

After EOS completed a Cup and Handle in December, the price broke out from 70 to 130 within 30 days. Now price is consolidating, a new Cup and Handle is being formed. Wait for the Break above 133-134 to enter, and use the 130 zone as your stop loss. Target for Cup and Handle here is 180. Check out my other trades too. If my charts are helpful, and they result in...

phenein Updated 

Two weeks ago, the Bitcoin Bears pulled the price down to $9,200. As I charted prior to the dip, we bounced back to 13k, our old support which is now acting as major resistance. As we pulled back down, everyone set their orders between $8500 and $9500. But what really happened? All the sellers had already been shaken out at the first dip, and the second dip...

phenein Updated 

VENBTC currently is still trending upwards. A lot of support is present in the 50-56 range. 1. Old ATH: 54 2. Strong Trendline Still holds 3. 4hr Ichimoku Cloud still supporting. 4. 200day MA is right under the trendline. Perfect example of not chasing the pump. Patience will give you the entry if you wait for it. VEN is a great project with some superior...

phenein Updated 

After Bitcoin's phenomenal bull run, the bears are back. Elliot impulse Wave formation completed, normally followed by an ABC correction. However, momentum was not strong enough, and after breaking out of the triangle, heavy volume and momentum broke through the major support zone around $13,000. How to trade this? 1. We are under a big red Ichimoku cloud, any...