Hi guys, I bring you some light in that bearish day. I made a day-chart analysis for the long-term on LTCUSD and now I share with you an update to understand what's happening. Bears are here and that's completely normal, if we trust in the completion of the ABCDE Elliot wave forming since December. However, there is also another possibility, as we had an...
Hi guys, Some update from my previous analysis "THE BRIGHT FUTURE FOR LITECOIN". First of all, you can see that I've changed the huge symmetrical triangle's outline to expose the final possible triangle support that is located around $128. Yes, there's a clear bearish flag forming today. That's why I think the bearish trend is not ended. If the symmetrical...
I see GBPNZD to have made the 5 wave elliott structure. It appears to be making an ABCDE flag pattern (correct me if I am wrong or you see different). I am not fully convinced that the E wave has finished and it may continue down for a short period of time to create a 'throw-over' before resuming the upwards trend. I would wait for consolidation just below/just...
A rising wedge is forming after a longer downtrend. The rising wedge are functioning as a consolidation pattern. Take in minde that a rising wedge is a poor performer, historically. __ Entry will be when the support is brokken. if so we could se the price go to 11.800 and 11.700 If not, and the price breaks the resistance line. we could se price go to 12.190....
Bitcoin is in a ABCDE wave. The big money is waiting to get in. And we have to wait a few more weeks for the big gains.
Very nice structure in wave 2 Ending 5 wave diagonal into an ABCDE wave 2. The $195 target comes from a 1:1 extension of wave 1-2
Hi guys, I made a LTCUSD analysis on day-chart for long-term perspective. We can clearly see that LTCUSD formed a symmetrical triangle and the breakout could occur within two weeks. The ABCDE Elliot wave triangle pattern brings us to say that the breakout would be a great bullish move until $450. On the OBV chart, we can also notice a symmetrical triangle that...
After an ABCDE Correction, comes a breakout. I think it could break the triangle. (Positively) Always use Risk vs Reward to eliminate emotions. If your plan did not work out, be open minded. Continue trading and look for a strategy that fits you.
Go against the norm. That's all I have to say.
I zoomed in so that you can see a closeup of the Triangle I have been studying for the past few days. Below is the last entry from my previous chart posting. "Yet another Bear Flag is on deck! The last flag break was good for over 1,000 points and this flag, when it breaks South, is projected to go down to around the 8,600 area. I believe that kind of move...
_________________________ Keep in notice, that a rising wedge have poor performance, looking at a historical view When a wedge is performing as expected the price, have a bigger percentage of breaking the support, than the resistance. while there is a big risk of the opposite happening.... _________________________ Fibonacci drawn from b to a. the price...
I for one don't think so... So the long term downtrend since Decemeber peak finally got pierced....still, we have not made any significantly SOLID moves upward yet...So the Market is undecided. Look at this perfect range bound ABCDE formation in my opinion... I would short on a bounce above 11K on Target E Possible Downside Targets $8869 $8173 $7313
I for one don't think so... So the long term downtrend since Decemeber peak finally got pierced....still, we have not made any significantly SOLID moves upward yet...So the Market is undecided. Look at this perfect range bound ABCDE formation in my opinion... I would short on a bounce above 11K on Target E Possible Downside Targets $8869 $8173 $7313 I am...
In the 4h chart theres is a full completion of a abcd pattern, setting up a long opportunity in the short term, The trade is not active yet because wha hacve to wait for a reversal pattern in the Potential Reversal Zone (ligh blue area) **Be careful with this trades, they seek to profit from market pullbacks so you are not flowing with the trend here, if you...
Traders, Here we have LTC/USD 4H chart. We are moving sideways for awhile and here we have some points that can determine the price for the next few days it's all about the golden fib level if we break the main bear trend and moving up to touch the golden level we will able to say that we have a new bull trend, all we have here is patience to see that scenario...
This is my idea for the next days. A "ABCDE-Elliott Wave" Correction Target is the red box - lets hope this support holds :)
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...
Bitcoin Cash just completed a beautiful 5 wave impulse and is now priming for a new breakout. Bitcoin Cash formed a descending triangle, which could be a ABCDE correction. If that is the case, an explosion is imminent. Furthermore, the price action after breaking out of triangles is rarely stagnant; either it dumps or it explodes upwards. However, the lower...