As I posted previously, I bailed on my Cryptos 2 days ago.
BTCUSD @ 8300: still here. Watching but it wants 10k.
ETHUSD TypeII 88.6@380: now +80 Higher = The Education (look for reentry via ETCUSD?)
LTCUSD = Sell @ 72 now 4 points higher ...The Lesson: Learn from ETHUSD
One thing about - it doesn't take too many examples to see where the structural measures are completing when similar markets exhibit clear completion zones. It was a long Thanksgiving as I watched ETHUSD breakout + left me in the dust - now headed straight to the weekly target at 545. Other Altcoins are ready to follow.
LTCUSD : The Potential Reversal Zone for the at the at 88 in LTCUSD has been triggered. I'm looking to the Bpt level @ 72 for a reentry to catch a minimum move to 90. However, ETHUSD + BCHUSD are two markets that show us the frenzied speculative potential unfolding. Therefore, this could be annihilated on a breakout, triggering a move to 133 as the failed pattern "morphs" into a .
I am looking to REENTER 100% either way in the next 48hrs.
Crypto Notes: Quite simply, I UNDERESTIMATED THE POWER OF ETHUSD but I will shift back to LONG ACCUMULATION of these AND other AltCoins NOW! I have been aware of Bitcoin since inception but have only studied the different blockchain types in the past 12 months. Admittedly late to this party, I am focused on the definable movements especially in daily + 4hr patterns. There will be corrections as the capitalization fluctuates over the long-term but these markets are in a frenzied state NOW hat has little to get in the way of the trend. ETHUSD was a $80 per coin education. However, LTCUSD and the likes of ETHUSD , SANUSD , ZECUSD , IOTUSD , XRTUSD , BCHUSD (others? ...please comment your favorite below!) I will follow up with more but look for ACCELERATED BREAKOUTS for the next two weeks. The in BTCUSD will be a defining event for all cryptos but change the potential for EXCESSIVE SPECULATION! For this reason, these markets will run now and complete these targets sooner than later.
Final Note: The USDollar is rolling over, getting weaker by the day and could add fuel to the CryptoUSD pairs. My long-term DXY and major USD pairs show a continued weakness for the greenback. Last week triggered violations across the board with few possibilities in sight.
I will follow up with some AltCoin Harmonics in my next post.
This will be a busy weekend!
I've read your books but never really employed this methodology.
How do you find its accuracy on cryptocurrencies? I'm pretty sure it will become less effective as more and more people monitor and trade this market though. -Like EW or other mainstream methods-
Cool to see more people using this site, it's a great resource.