AL168

AL168 Updated 

Taking a purely technical look at Apple stock (AAPL), it has corrected to a powerful technical confluence zone last night, which should lead to a not-insignificant rally. AAPL at $142: - we are at the weekly 200 simple moving average, which is the 50MA for the monthly - There is weekly support made back in mid-2017 - Golden pocket .618-.65 zone of the swing low...

AL168

Looking at the "triple A" FAANGs (Apple, Amazon, Alphabet), the ladder two which actually looks more bearish than Apple, they seem to be making a slight recovery. Alphabet (GOOGL) may go up to about ~1,166 and Amazon may go to about ~1,860 before resuming a final down leg to the final targets of this market correction. Obviously, we don't know for sure, but we...

AL168

The correction that we are due is well underway. We are seeing a technical bounce at the lower bounds of the parallel channel here at $8.6k. Are we done correcting? It may be possible, here at the 38.2% correction range, which the algorithms are clearly picking up on, but this would be a very bullish case. $8.2k target and $7.7 to 7.8k targets are not off the...

AL168 Updated 

With BTC hitting $8.4k (missing by a dollar on GDAX), I'm seeing at least one story for a completed impulse wave structure that we can now analyze. We could be done with the wave up (1-5) and are putting in an A-B-C correction. Wave B has retraced to almost exactly .786 of A, so this could possibly be the start of wave C. Wave C likely target is around $7.7k,...

AL168 Updated 

We are currently watching a retrace of the upward move that all but confirmed the shift in sentiment from bearish to bullish. The move up started correcting after we touched the golden retrace of the wave B to C (.618-.65), at around $8,220. Currently, we have reached the bottom end of a channel, which is also a satisfactory .236 retrace. It could go lower,...

AL168 Updated 

The bullish possibility with BTC last week was finally disproved, with BTC retracing past $7.2k. Bulls will have to wait a bit longer (I am a long-term bull.) All paths are now converging on the $5.8-5.6k region, where Bitcoin will make a last stand. A close below $5k would mean $3k is the likely next stop, which actually looks feasible for the W-X-Y on the...

AL168 Updated 

There's evidence to assume that the S&P500 has completed 5 impulse waves up from the '08 financial crisis lows. Regardless if this is true or not, what I'm seeing is that we are currently in an ABC correction, meaning the drop we saw starting in early February 2018, is just part 1(A) of 3(A-B-C). We put in a wave B on Friday, 3/9/2018, and are currently in...

AL168 Updated 

There's many interpretations of what the three Coinbase cryptos (BTC, ETH, LTC) are trying to do, ever since the big bounce on 3/18. Ethereum has its own unique fundamentals holding it down more than BTC and LTC, but it can't beat the gravity of its big cousin (BTC). One scenario that I feel has the least violation of technical guidelines is shown. Besides the...

AL168

In the bigger picture (one layer up), Litecoin, like Bitcoin, either: A: put in an orthodox low for Supercycle Wave IV, on March 17-18, or B: Reached the low in February, and just completed the 1-2 of 5, of the Supercycle 5th and final Wave up, that will take us to new highs this year before a larger-trend correction. So the current short term trend, similar...

AL168 Updated 

I'm seeing that BTC has completed or just completed the orthodox low of the Supercycle Wave IV on 3/17, bouncing higher with volume. The bear market may be behind us from this day. We hit almost a 78.6% retracement of Supercycle Wave III when BTC hit $5.8k on 2/5/2018. If the current uptrend is indeed the start of Supercycle Wave V, I'm looking for it to hit...