XRP is looking bullish to me pack your bag's we are at take off.
what I expect is one of 2 things to happen
1. (Orange) ABC Pattern
to 1.349 then back to support at 1.0147 then up to monthly Fib 0.618 at 2.0936 price.
2. (White) 12345 Pattern
Up to Monthly fib at 2.0936 back to fib. at 1.34989 and straight to my target 1 at 2.9836 +
I'm not trading...
i believe we had some true Implosive 12345 and now in the formation of the correction ABC cycles
please correct me if i m wrong on it
i have speculated a Head and shudder also in the ABC correction cycle
When we look at the chart we can see that the DAX is testing a daily wedge. Do you think it will be able to stay below it?
We can also see that there could be an elliott wave formation in play.
Please let me know in the comments what you think of it.
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If you have any questions, feel...
If we count Elliot waves in XTZ we are going to see very clear patterns of its impulsive waves and corrective waves, we believe that the XTZ corrective wave has now ended with the support test at an important support level and we may be heading towards starting another bullish movement for this asset with the waves 1 2 3 4 5.
I know the chart is...
This is very speculative and is an early analysis of the Elliot pattern. Still early to know if we are in the ABC correction until we break the lows, Otherwise this will be discarded. But who cares! Thats what we do, we analyze and if we are wrong, we change our BIAS! that's the power of trading. And , I'm bored.... Short Term Bearish, Medium to Long Term Bullish...
As I charted, I was expecting e to touch around 11,400. It did hit that target and now it is on an uptrend and expected to hit following target. First Target from abcde correction is 0.0015240. Second from Cup and handle is 0.0020642. Third is wave 3 targeting 0.0031224. I am not a financial advisor. I am just sharing my believes and thought. I do not recommend...
#ETHUSD has completed both the 1,2,3,4,5 wave up and the ABC correction, thus Elliot Wave formed. The geniuses were the ones who bought below 600 but the smart ones are still buying. In addition, new PoS on Ethereum will take us to our previous ATH and probably even higher. My bags have been filled since sub $200 as ETH was my first ever crypto purchase.
This is my opinion on BTC correction.
2 support levels for ABC correction:
- 10400 - I believe (and hope) in this one
- 8000 - I don't like this one but it is possible
Stoch RSI shows downtrend
It is not a good time to buy. Need some good signals for bullish trend.
I also don't like to short BTC. If you want to short use Stop-loss.
Long observations for USOIL as three opportunities observed with respective R:R from apprx 1 to 3+ respectivey.
I will be honored to hear your reflections on my thought analysis.
Wishing you wonderful week ahead.