zippy1day

zippy1day

I believe this Cup and Handle has broken and with all the relevant indicators i.e. fast above slow ma, 21 week ema broken and closing above - we are set for the next bull run with $42,768 being a realistic target!

zippy1day

I think as far as the pattern, as for the count then this is as an "Elliott Triple Combo Wave" with a five wave down to end in (z)?

zippy1day

In my honest opinion the next key level to break is a close above $29,700 to confirm we are in the next bull run ~ the macro "Descending Broadening Wedge" bound by the blue diagonals of which the estimate is to break the upper diagonal! Bulkowski's Descending Broadening Wedge :- thepatternsite.com

zippy1day

If Elliott Wave (2) has completed this is quite shallow but not unheard of in crypto? The breakout so far above the bear trendline has confirmed above the line on the daily therefore I would anticipate it to make the $30,236 Megaphone up target! Broadening Wedges, Descending, up breakout Highest high or B + ((H - L) * 83%)

zippy1day

After the complex Head & Shoulders now holding we can now apply some targets for a tenuous "measured move down" for the pattern! Calculations below for WXY if that's what we are forming as an Elliott Wave correction for Wave(2) :- Leg 1 : (31035 - 26891) = 4054 (4054/31035) x 100 = 13.06% 29851 - (29851 x 13.06%) = $25952 Leg 2 : (29851...

zippy1day Updated 

If ever we wanted a busted pattern maybe now is the time as this possible " Complex Head and Shoulders Top" pattern is forming?

zippy1day

Its been a little while since my last post as for sidewise movement but this "Symmetrical Triangle" has clearly emerged! Bulkowski's Symmetrical Triangle Formula:- B - ((H – L) * 36%)

zippy1day Updated 

If we are looking for some sort of 1/2,(1)/(2) in an Elliott wave sequence then I think this correction is more than likely? Bulkowski's Elliott Wave Corrective Phase :- thepatternsite.com

zippy1day

With allot of overhead resistance forecasted it is fair to assume the next target to fall between $36500 & $39000 before we push onto $49500? Note : all target based on PnF chart calculations!

zippy1day Updated 

I find these charts very satisfying to the eye although working on round numbers most of the time! Note the updates are somewhat delayed so cannot be relied upon in real time.

zippy1day

We have made Bulkowski's Symmetrical Down Target, so will we follow through and make the "Absolute" target? Bulkowski's Symmetrical Triangle :- thepatternsite.com Symmetrical Triangle, down breakout B - ((H - L) * 36%) B = £22644 H = £23621 L = £21800

zippy1day

I think this pattern might represent the "Half Staff" formation but it remains to be seen as yet? Bulkowski's Diamond Top :- thepatternsite.com If the diamond acts as a continuation pattern, meaning that price exits (C to D) in the same direction as it entered the pattern (A to B), then the diamond can act as a half-staff pattern (half the move is still ahead)....

zippy1day

I have put both targets on as you well know with the Fed Rate figure out today we could see lots of volatility! Bulkowski's Ascending Triangle :- thepatternsite.com Note the Break on the downside is an estimation as not known!

zippy1day

As this pattern has made target I am giving some sort of rationality as to why we have paused here! Bulkowski's High & Tight Flags :- thepatternsite.com Calculations as to target for this pattern - Compute the height from the start of the price swing (point A in the measure rule figure to the right) to the end of the price swing (B) and then take half of it....

zippy1day

This Inverse Head & Shoulders looks convincing enough with good momentum and trading above 200EMA but would like to see strong volume now! Bulkowski's Inverse Head & Shoulders :- thepatternsite.com Formula : B + ((NL - HL) * 71%) B = Break neckline NL = Neckline, measured vertically from the peak or valley in the head HL = Lowest price in the head 71% =...

zippy1day

This ticks all the boxes for a rounding bottom on the RS so lets see how it plays out? Bulkowski Rounding Bottom :- thepatternsite.com

zippy1day

This predication will probably only be true if we hold $18000+ but has an uncanny resemblance to the link below as shown by Wyckoff Point and Figure (P&F) Count Guide example for the Dow Jones Industrial Index! school.stockcharts.com

zippy1day

It is possible we are forming the RS of an "Inverse Head & Shoulders" pattern off the back of the recently posted "Ascending Broadening Wedge(ABW)"? Bulkowski Inverse Head & Shoulders:- thepatternsite.com