Here I applied the Elliott Triangle Wave. Each wave should have atleast 3 subwaves in descending-ascending-descending order. I drew what could be an incoming impulse wave after we complete the triangle guided by the volume profile and resistance/support levels. Looks like were bouncing between the node located at the 150ish area and the 114ish area. Theres a...
Alot of learning and applying!! Woo! Any pros looking Id appreciate the feedback! DISCLAIMER: THIS IS FOR ENTERTAINMENT AND EDUCATIONAL PURPOSES. I checked my waves and they seem to be good.
Couldnt just leave the bull one there. Had to add the bear.
This is for COMPLETE ENTERTAINMENT ONLY. Thought it would be cool to chart some crazy jump using a fib trace from the $90ish level guided by classic support trend lines.
Looks like theres some possible support developing (green line crossing under). Also noticed something i havent seen other people talk about on their chart. Check out the volume; its almost inhuman how it stopped an started again due to all the FUD that has been going on in the past coupe of months. INTERESTING! Will keep watching.
I traced from the last time the price went flat for a while. I doubt itll go that low due to all the buzz and adoption LTC is getting now (my opinion not financial advice) but anything can happen right? I also traced a support from the same level. The fib tracers are actually lining up with most of the resistances/supports; pretty neat if you ask me.
Yea, looks like we just confirmed the 135$ resistance and were going sideways for a little while. Again, patience right? TO WAIT..... OR NOT TO WAIT (for accumulation)? THAT IS TEH QUESTIONN..
Yea, it sucks were going down at the moment, but all i see are long term up trends. Pick your buys at the right time!
I know theres alot of BEARS sh@!%ing on the BTC woods these days. But heres an outlook for the BULLS.
Eagles eye view with some channels plotted.
Thick blue line is the 200MA. Green is best outcome with instant break out back in the bull channel, blue tests the 200MA and breaks out, black rides the support line at $100ish and red sucks. Looking like a hurricane forecast in Miami.
SHOWING BOTH BULL AND BEAR CHANNELS WITH A SUPPORT LINE AT AROUND $100
TRACED A SUPPORT LINE FROM MID 2017 TO CURRENT DAY WITH CONSOLIDATION SUPPORT LINES. GREEN LINE INDICATES THE CURRENT DAY AND POSSIBLE MACD CROSS WITH RSI REVERSAL. DISCLAIMER: IM SOMEWHAT A NOOB.