pto1026

pto1026

Bitcoin is showing downward movement, but it could very well be a Wave 2 of an upward impulse wave. Overall though the short term prospect is the price will continue to drop. however it is not the kind of market movement I like to trade.

pto1026

Dogecoin isn't done yet here you can see the bull flag forming on a 2hour timeframe. The important key is how Dogecoin is maintaining the VWAP and as long as it does it is likely only a matter of time before it continues to pop. Not done by a long shot. A good indicator will be more retracement, or rather catching up, of the 20 SMA on a 4H chart, if it can stay...

pto1026

Dogecoin, just the cutest little underdog powerhouse that set's it's own trends and is always exhausted from running through Elon's mind. As you can see there is a clear bull flag forming and the retracement is nearing possibly already complete. Look for price movement towards .33

pto1026

Bitcoin is showing every sign of a down trend, it has finished it's consolidation and is ready for more downward movement. Don't overthink these trends. It's a downtrend and we are at a high/consolidation point, Short. My price projection, and personal TP limit is 51k. The other side of the coin is we may be looking at a wave 1 of an upward impulse movement. ...

pto1026

ETHUSDT is stuck in an ascending triangle. a very strong long buying pattern, best entry points are off the bottom of the triangle. Watch for a significantly higher low for a breakout sign. Another possibility is a lower break for a final "e" wave of the horizontal triangle retracement then either a break or a false break.

pto1026

ref. my earlier post. dogecoin is nearing the price high prediction of .28-.30 watch for continuation of the daily downtrend.

pto1026

I spotted this first on a 2hr chart then confirmed it on a 1 day. By confirm I mean realized that dogecoin was near an important moving average and is nearing the 20 ma for retracement. The dogi being formed today on could signal upward movement, back towards .28, and/or most likely is this is a pause in the current down trend that has not yet exhausted itself.

pto1026

Reference my earliery tutorial on the retracement finished as expected with lots of horizontal triangles and finally bullish continuation. Watch for the price to test .40 before consolidating. Also helpful tip, besure to always think of price estimations as bands instead of hard figures.

pto1026 Updated 

I thought this would provide a good demonstration of Elliot wave theory with Dogecoin. I spotted this on a 2/5 minute chart but it displays nicely here too. Elliot wave theory depicts a retracement period, with waves a, b, c, and d (down, up...) all forming a horizontal triangle. Wave E breaks the down trend which fits perfectly with Elliot Wave theory. Watch...

pto1026

So bitcoin's retracement might be complete. Elliot wave theory leads me to believe that a negative move to finish the retracement may be warranted before we continue our Bullish trend.

pto1026

Whenever we get caught up with technical analysis there is a tendency to put too fine a point on predictions and indicators. The goal of any technical analysis comes back to finding the trend/consolidation. Within a trend the goals is finding higher/lower highs and lows. Here on a 55min chart you can see the immediate bull trend with higher highs and higher...