piriya33

piriya33 Updated 

My last assumption on BTCUSD was that it is in a wave 4 (primary) correction. For that assumption to be true the target 653 and 590 must not be broken. As it turns out, they were broken down very decisively, this is a good clean signal hinting at a major wave 2 correction instead. ( Which I've also mentioned in my list of possibilities) These are the new...

piriya33

Finally! The triangle has been broken. BTC shoots up quite a fair amount last night, putting it clearly out of the triangle. This seems to be a good buy set up. I personally have a small position in as a 'prebuy' position. Long term investor should look for a little more confirmation signal before jumping in. If BTC is really going up then the target for the...

piriya33 Updated 

In my last analysis I specified two possibilities on how and where the current Intermediate wave 4 will end. (And two more where is this not even EW 4 that we're in!) 1. Int. Wave 4 have ended (on June 29) and we are going up further into wave 5 and 2. Int. Wave 4 has yet to end and will have to come down to form the Intermediate C wave So, possibility no.1 is...

piriya33 Updated 

Another look at the BTC chart, this time with a slightly different assumption for the end of primary wave 1 (blue box) As intra-day chart shows a hidden 4-5 pattern. This seems to fit much better on the fibonacci scale than the last time. For the chart I use a line (H L C /3) chart to reflect a weighted median price. If this assumption hold, we can project a...

piriya33 Updated 

This is where I closed my short order for ETH/BTC in my Short-term speculative portfolio. Reason. I use Fibonacci and Elliot Waves analysis for my speculative portfolio and ETH/BTC has reached an acceptable target for what seems to be a minor wave B inside an intermediate wave 4 inside a primary wave C. (Which is most likely inside of a major wave 2) For my...

piriya33 Updated 

GBPUSD chart is a tricky one. The waves doesn't hit the Fibonacci target as well as other charts I've worked with. This, of course, may be due to my assumptions being faulty. I have tried to look at it from several angles and still couldn't find one that fits perfectly. The idea show here is but one of many. If the hypothesis is correct (That GBPUSD has been in a...

piriya33

Looking at the BTCUSD chart, there ae several ways to count the waves but all (save one, in a world ending scenario) points towards a major up trend with a Super Cycle wave 3 that could potentially reach $2000 or higher. Mean while, on shorter-term view, a primary wave 5 is coming to an end, or have ended. The five waves should make up cycle wave 1 at around...