Big_Mike716

Big_Mike716

Looks like ETH is about to enter into a lower channel from $175 down to $120 area, unless bulls can save the day and turn this massive falling wedge into momentum to lunch ETH back $400?

Big_Mike716

If you notice 2 falling wedges on the weekly led to a nice move up and a great opportunity to long. I am just kinda playing around here with this wave count but after the recent 1/2ing on LTC this market could easily double top at $184 IMO

Big_Mike716

this could be the end of the crash or back to test $40, I hope not the latter but either way capitulation seems near

Big_Mike716

I drew the pitchfork and believe that due to the bear div on vol and the high spike of selling when the market was actually going parabolic leads me to think TLT needs a cool off and will return to $132

Big_Mike716

Looks like ETH has broken up from a larger triangle and may make a run for the 50 ema sitting at around $220.

Big_Mike716

Drew this last week and looks like Dom is breaking out so bloody alts it is. But who knows maybe not LTC which seems to be doing something

Big_Mike716

series of high lows and what looks like a rising wedge forming on D1 makes me think down we go

Big_Mike716

Maybe this option on LTC

Big_Mike716

Someone call Satoshi tell him that Roger ver needs some help asap

Big_Mike716

posted this on CT last week seems to be working well

Big_Mike716

looks like the bulls saved the day and sent $xrp back into the falling wedge & now attempting to take back the long term horizontal support established over this year

Big_Mike716

hello, notice the buy zone $66-$73 area. last time it rallied so even if this is nothing more than a lower high there looks like some tasty profits to be had. personally I am long term bull here after 1/2ing but not sure if we start a larger bull trend now or just correct up and trend sideways. so I plan to take profits around $115-$120.

Big_Mike716

Thinking this may be the bottom here on LTC or another drop to the .236 fib around $55 before the next big move starts. I spoke with some elliotions about my wave 3 and due to the weekly time frame I am being told wave 3-5 can extend much higher

Big_Mike716

Looks like the 2 month bear flag is ready to break down, if BTC dominance drops to mid lower 60% or even to 50% BCH can really get #rekted IMO R?R short seems good here

Big_Mike716

ETH has cometo the end of this larger triangle on daily chart and has been rejecting from the drawn trend line I drew from the upper wick. ETH could just bounce around for another 3-5 days then needs to break out or down from this large triangle. A bull hammer has formed on the daily but the price could drop to retest the bottom of this triangle before correcting...