wazzmatazz

wazzmatazz

Turn around is almost confirmed.

wazzmatazz

Let me know your thoughts.

wazzmatazz

Hey guys. So if you look at the weekly chart of Bitcoin you can clearly see that the price of Bitcoin has ben moving clearly within the confines of the wedge. Moreover, the movement has been a textbook ABCDE wedge pattern. The E wave has hit the bottom support trend line which means that a positive break out should follow. Let me know your thoughts.

wazzmatazz

FYI to see how verge is still looking good so far. Time will tell if the uptrend continues. As investors we have something to consider now. Should the partnership revealed by Verge not be anything worthwhile then prices could fall just like what happened to TRON after the testnet Launch. Should it be something good, then prices will jump. So to HODL or not to...

wazzmatazz Updated 

So MACD shows the sellers are all sold out and buyers should start coming in as the MACD is now at the APEX where a positive cross should trigger some good upward movement. Long term support has held as well. Testnet launch and the coin burn is some positive fundamentals to back-up the upward movement. When the MACD crosses again the histogram should be in...

wazzmatazz Updated 

From the charts you can see we have an inverted head and shoulders with the right shoulder completing. This will be confirmed once the neck-line is breached. Moreover, the inverted head and shoulders have formed a triangle and is moving within the boundaries of it. Elliotwaves show that wave-D is in progress followed by the last wave. So those are 2 very bullish...

wazzmatazz Updated 

My concern is that if we continue to test the support we could eventually break it and fall through to the next support as the more you test a support the weaker it can become. Regardless of price movement the current price levels are excellent to buy in for investors. ( Like me)

wazzmatazz

self-explanatory chart. MACD has just crossed but still no volumes yet to get this moving. The price needs to go back onto of the longterm trend line that is to resumes its upward trajectory.

wazzmatazz

I dont see how this can last for very long given all the fundamentals this company has in its favour with all the contracts that have been signed. Propbaby among the safest coins to invest in.

wazzmatazz

Let see over the next few days how things go. We still got a long way to go to confirm the uptrend.

wazzmatazz

So it looks like we gonna give this bull-run another try.

wazzmatazz

So this looks like a wedge to me with the E-wave being completed. Normally the last wave has a decline in volumes which is what his happening. MACD has already crossed but not convincingly and not with much volume to back it up. Lets see how it plays out.

wazzmatazz

This chart indicates the downward channel that bitcoin has been moving in, along with the bullish wedge where it had completed the ABCDE waves. Some minor and major supports have been indicated for your perusal. Would appreciate your comments if you feel I am missing something or something has been overlooked. Just trying to perfect my TA.

wazzmatazz Updated 

So here we have a 4hour chart of bitcoin. You will notice the movement perfectly consistent with the corrective triangular waves . At the moment we are busy completing the final E-wave which could most probably be the end of the correction of Bitcoin and moreover the market in general. This morning the sellers had come in again to bring the prices down which what...

wazzmatazz Updated 

So the 4 hour chart has confirmed the uptrend. But that is not enough yet. Elliot waves shows we should be starting wave 3 so that means a long bull run upwards! Remember it will move in cycles upwards. We need the 1 day chart to confirm the same! Once this happens we should be moving up. Let me know your thoughts...

wazzmatazz Updated 

So: -MACD is starting to turn around. -RSI showing buyers are starting to come in. -Clouds show things are looking green. Prices have been moving in a very tight range as well. We should have confirmation soon. Only question is how far the next bull run goes.

wazzmatazz

Let me know your thoughts. - Looks like we have completed the E wave and we are breaking out.

wazzmatazz

Lets see how it holds up. We getting there but buying volumes not convincing yet. Let me know your thoughts.