very-good-trader

very-good-trader Updated 

Following a nice run early this year we have gone through a period of profit taking/distribution. The fundamentals creating the environment for such a nice run up haven't changed much, however there will be a new catalyst towards the end of this summer that will create an environment for a HUGE Bitcoin run above £100k. It's all going to be closely related with...

very-good-trader Updated 

Entry 1295-1310 SL - 1321 TP 1 - 1250 TP 2 - 1225 Following breakout from the triangle we can expect to visit areas close to daily lows from 21st and 22nd September. Entry is between 0.5 and 0.618 fib level. PLEASE LIKE & COMMENT

very-good-trader Updated 

Finally we have some clarity, it's been hard to determine the wave count before but I think everything is becoming visible. We've just had a big retracement from $2390 level confirming that this was not an impulse wave but a corrective ABC. This means we are just at the beginning of a large correction wave with big drops to come in the near future. It's better...

very-good-trader

Ethereum has gone up after testing the support at $1800 and is getting close to the top of trendline as well as 25 daily EMA which proved to be strong resistance so far. ETH is currently following ABC corrective pattern and it seems that we are just about to complete wave 4 in C and move on to the final 5th wave that will complete the ABC. Measured target from...

very-good-trader

We've just seen an explosive move to the upside yesterday, is this the end of pain for Bitcoin? There are a few possibilities right now.. A breakout of the triangle, then retest of the of the trendline and a move higher from there. This is my least preferred option as I believe this would mean going up to only 41k and then bouncing about for a longer period of...

very-good-trader Updated 

The rising wedge on ETH has completed ABCDE correction and we are ready for Wave C of ABC pattern that has started with a violent sell off in May. Following Elliot Wave pattern and Fibonacci retracement levels, we should be looking at following targets: TP1: $1800 TP2: $1500 TP3: $1150 Please leave comment and like!

very-good-trader

After Sunday sell-off an inverse head and shoulders pattern has appeared. Once the resistance around 3600 is broken we can expect a nice rebound to $3900-4000 level.