Last update i talked about taking a break this weekend, glad to see the market thought the same thing :). Going to do a small weekend update here, but you also need to know that my general view has not changed. The whole plan past week was to see a shake out happen, which we finally did.
So for now, my assumption of the ABC' on the left still stands and the ABC'...
It's not any secret, that D4rkEnergY was the first to call a Bull Market. Already February 5th I did spot the accumulation-phase, and told you when we would escape the Trading Range.
On Twitter 2 weeks ago, when everyone was bearish, I told you, that we soon would enter a Bull Market.
Enough about how good...
Let's just right into it. I have tried to identify the complex 4th wave correction pattern. It looks like we have a WXY (Double Three), which consist of first a Flat Structure with B as a Triangle Correction (ABCDE) and then ABC followed by a another Triangle Correction ABCDE.
If this is the case we should very soon continue to go up and start our...
Buy zone: 0.77-79 (fib 1.618 relations state 0.77)
Target B - will be presented.
Should be at least 0.90
We will then retrace further to wave C
1. EW 1-5= A = Expanding diagonal = Fib relations
2. Hidden Bullish divergence
3. RSI Oversold
4. Trend line
5. 100 MA
6. COO is buying
7. MACD crossing
8. Histogram is decreasing
9. First GAP is filled (92% of...
1-5 Elliott Waves Up after we got my reversal at exactly 3,224 USD (on the point - kinda lucky ) - We have Regular Bearish Divergence, which confirms a retracement. Expect something like what I have illustrated for you. Just be aware of, that we don't yet have any confirmation on what corrective structure we will get - it could be ABC ZIG-ZAG, ABC...
I will do this very brief cause we are in a very interesting situation - We might already have reached the bottom without most people haven't even realized it.
Most would have expected a huge bounce, before a real reversal would take place. But we have mixed signals, and some of them might indicate, that we already have reached our low for now.
D4rkEnergY knows that it is tough times for all of us - We have lost 25 B USD in the Global Market Cap within 1 week - that is 1/6. We are down at 117 B USD - Just a reminder - we peaked at 800 B USD 11 months ago.
On top of that, the traditional markets (US Key Indexes) are struggling (Japan, China and Europe even more). Even though we have real...
One of my friends called SV delisting as "mental orgasm" I totally agree with that. Bastards responsible for BTC dump from 6k to nearly 3k, that rekt so many good traders, are now rekt themselves. RIP BCH SV.
So what it brings to ABC? First of all money from SV went directly into ABC and pumped the price by 10%. As SV will slowly be delisted by other exchanges,...
It's me your crypto GURU.
I expect EOS to come down to the level C of the corrective wave.
The green box is support, the red box is resistance.
I would not LONG this until it holds the 6.5 USD range.
Short for now from 5.6 USD
This analysis that I have made is to retain insight into what can happen, to look back at what happened afterwards and to look back when I discover a similar case. I do not give advice as to what someone from this analysis should do or imply. It is an important reminder for myself about what happened.
As we look at gold this week i have marked out two directions based on probabilities of the market going up or down.
simple strategy - BREAK, RETEST & ENTER.
want to see if price is going to respect the downward channel, if price does break back down into the channel, we will be waiting for a retest back onto the line before i look at taking any short...
Expecting GU to rise higher respecting the trend clone swings along with a the 21 - 38% pullback for a continuation downwards.
on a higher time frame this is also a ABC directional trend going down too.
only time will tell on what this pair might due but happy to say we will catch the move which ever direction it goes.
majority orders right now are for a buy so...
If my count is correct (12345), I believe we have a pretty clean long position here..
(Can a '12345 corrective' come immediately after an ABC? I'm only beginning to learn Elliot rules.)
Channel looks good, take a long with a stop shortly below the 2 and 4 position, below the channel. I feel like if that doesn't hold there isn't much evidence for a long.