With Elliot Wave extension, following a FIB ratio, BTC has a clear angle of attack for next bull run.
On a log scale BTC reveals Elliot Wedges. Each Wedge has 3 distinct waves that stay within a linear trendline wedge. Once a wedge completes its 3rd wave, there is a BULL RUN to the NEXT STEP. By rule of 3 in the Elliot Wave, after 3 structures (red, orange, yellow) are complete of WAVE_01, there must be a correction to WAVE_02 of the much larger Elliot...
Using FIB extension for price points and parabolic wave baseline for direction, I found an exit strategy for BTC to find the top of Major Elliot Wave 1. Baseline in green is a continuation of the trendline BTC has been following since 2016. It parabolic which means it will get more and more steep until eventually it wants to curl over its self and recover back...
This graph illustrates the 2 trendlines BTC has been following for support and resistance in 2017. Recently we moved through our resistance line to new highs and are finally fully correcting from that move. BTC should bounce off the support line in yellow and find new highs later this year. BTC Bottom: 9222 (but could spike to tap 8k as it's the horizontal support line)
New coin to market has found its bottom. Descending wedge with a big volume candle at the bottom. Breakout of wedge today. Waiting on dip back to red for buying opportunity.
ADA doesn't have a major trendline yet. I believe we've completed the 1st leg of wave 1 of a larger Elliot Wave (1-2 of 1-5). When looking at ADA on a 1 week cycle I found a major trendline. I added the resistance and baseline to this trendline. I'll trade on these lines from now on. ADA to the MOON!!! @°
I've been day trading a couple coins like LBRY recently because they are so in line with linear high and low resistence. Running an Elliot Wave sequence on our current position you can see new highs on the horizon
ENG is pushing right along the major trendline without over exhausting itself. This is a very healthy bull run that has not yet had a moonshot. I'm staying in till I see those long wicks or it breaks this trendline. Looks like ENG is having a great day.
My friend who bought TRON a month ago for the name said his next favorite name was VIBE. SO! I have my eye on it like a hawk. With a FIB extention retracement we can see VIBE pushing into the last section of RED today. THIS is where you want BUY THE DIP. Looking for a couple volume candles cause I personally like to buy the momentum not structure. SO, keep VIBE...
EOS appears to wedging vertically, a nice bullish look for this relatively innactive coin recently. Expect one more small pump with low pull back followed by a sweeping bull trend to new highs
EOS had a HUGE bowl that found resistance at previous horizontal trendline. Finishing with an echoing cup. EOS had quite a moon shot today, hope you were there for the ride. EOS didn't quite hit the mark of its FIB sequence ($20) but seems to be pulling back atm toping at $18. I like to sell at 80% of the total spike height to guarantee my profits. We'll be...
I can say with certainty that ADA has followed my Elliot Wave charts perfectly to this point so I have no reason to believe it won't continue. That being said, strap it for WAVE 5 on the larger structure. I'm expecting 3 smaller Elliot Wave corrections along the wave 5 that will look more like steps. Little dips and NO buy-in opportunities, just flags of position...
I've noticed a couple coins that got hit with the recent Korean FUD and knocked out of their cycle are today having HUGE corrections to get back on track. AION looks to be ready to do the same. After getting knocked out of VERY linear trendlines AION appears to be going flat with big wicks, indicating a spring effect that should bring us back up to market...
With such strong support from previous dip, we're obviously in a FIB WEDGE here. The only issue is the spacebtween peaks is running longer then usual and the 3 peak came a little early. I'd expect XVG to crawl up its support line until it's wedge lines are complete, then we're back to the races with 3rd wave finding small resistance at previous high. Good dip to...
LTC has had many opportunities to pull out of the BEAR market and FAILED. It looks like the structure will be tested soon on the MAJOR trendline. It could pull out on this, but I doubt it due to the amount of downward pressure and the SUPPORT line that many traders know is not too far away. I'm expecting LTC to flatten out before a proper Elliot Wave can be...
8 Months of consolidation with massive volume spikes historically. Looking for strong bull run and sell off as FIB sequence reveals itself. Currently on 1st wave, good buy in opportunity on wave 1 dip
Although ZCash may look to be recovering atm, it appears this spike came a little early as the major trend line needs to completely flatline before this major structure is complete and we can see new volume pumps into the market signifying a new BULL run. These volume spikes will come before price surges so keep an eye out!