This is a very important 12 hour and daily candle for BTC. Sitting right on the trend, a bounce will see traders push this to $4450/4500. A denial of the trend will see a bail out back to $3800/$4000 Test. Definitely nit a buying tine as record volume comes back in the last few days. You should have accumulated entries closer to 3k and be looking at profits. If...
BCH has made a perfect 4 waves so far, can it complete a 5th wave. At the moment a lot of trades are to completing their 5th waves, however, i quite like looking at these waves for several reasons. 1/ Once it breaks to the down of the elliot wave its easy to get out of the trade and cut your losses. 2/ Usually if you get correct entry for the 3rd wave and take...
Our Mana signal was a perfect entry. First target hot for some profit. Stop loss on break even and move it up as the trade moves. Bouncing nicely as support from the 50 EMA. Patient traders win in the end
BCH made a great wave 3 but the 5th wave failed. stopped out with some ok profit. Now re mapping and we are still in a larger eliot wave set holding a nice retrace on the 88 fib and the double bottom. Now we look at playing the waves inside the bigger wave 3
RDD is a coin i trade and follow and again its making [perfect 5 wave set with entries and exits in the correct places. Watching to see the 5th wave play out. Exits in RED
BTC has been consolidating in the yellow line wedge.. Usually this pattern will break to the downside however, a break to the upside should see the breakout traders step in. Don't buy the consolidation. Watch on a 1 hour time frame or less and look for the break out. A break out should see a re test of $6600/$6800 so a chance for a scalp trade. However that line...
This report is purely my opinion and is not intended as investment advice. I feel that BTC may bounce out of the downside of the Yellow consolidating wedge. Volume seems to be dropping on most time frames and there is some Divergence on the 12 hour and daily RSI. Meaning that the RSI is moving in a different direction to the graph trend. I am expecting to see a...
BAT was a trade we mapped 1 month ago. The chart shows that with some patience in some trades you can let the wave 3 and 5 play out. Patience is the key to every trade in Crypto
We sent a signal to buy LTC a few days a go. Entered at $53.33. Our first take profit zone was $61 to $62 - I put a training stop after $61 and stopped at $63.33. This was the perfect take profit zone as we reached a high of just over $62 and began the wave 2 retrace. Looking to hold support at $55.33. We have moved away from that fib a little but ill be watching...
Bitcoin has again bounced off of $5800 as we predicted. Again we same the same old emotional story. Everyone says BTC is dead when it falls and its back with any impulsive wave. Just remember the market moves in Ebb and flow and the amazing thing about crypto is the same thing that people loose sleep over... The volatility. No other market can go up 20% in a day...
Last week we set our targets between $6700 and $6200. I did say it was more than likely to fail the $7000 test and thats exactly what has happened. $6200 was the perfect place to look at getting a bounce and i entered at $6333 and $6233. Our initial Elliot wave map from the $5800 entry has now broken down and become N/A. We made a great 3rd wave profit from $5800...
BTC is making its retrace now in the wave 4. This is how the patient win. Everyone was freaking out last week when we broke 8k that everyone had missed out. As i have been saying, we need to watch this in stages and be prepared for both ends. We set our buys ranging from $7800 to $7300. Were hitting the $7300 catch zone now. We entered at $7833 and got some %...
Not much movement in BTC at the moment as it consolidates for a few days. We sent the signal to purchase around the $7800 and we entered at $7833. Stop loss is set at break even right now in case of a solid sell of with this consolidation. Buying during a consolidation is always risky. The RSI is looking over bought and i would expect it to either hold around the...
Yesterday we mapped out the possibly buy zones for a BTC bounce and a wave 5. For now BTC bounced perfectly in our first buy zone. My buys went through at 7833 USD. A few things to look for here in both and bull situations. My 5th wave take profit zone is $9000 with an extended test of $10,000. We have already made a 45% gain in this trade after entering at $5800...
BTC is following the Elliot wave map that we mapped last week. TA is about mapping things out and getting an idea of where we may go.. In either direction, locating support and resistance points, marking buy and sell zones etc. The thing i love about Elliot waves is that it is always valid... Until it isn't... I always teach that no matter the market, if there is...
As part of our trading group pool we mapped out BURST and bought at the entry point of wave 3. A pump came from somewhere and it smashed through all targets. Low volume coin so i had to sell at 3 different price points to get rid of the trade. Nice 26% return in a few days. Trade is now closed, nice to see targets being hit.
We discussed POWR last week and picked the 50% retrace hold. Nice bounce here off of that and now in a wave 3. Perfect entry point.. Lets see if this can hit the targets or stop out at break even.
BTC really is coming into a stage where it needs to make a decision. A lot of people are talking up bill runs simply because of one or 2 days of some nice manipulated gains. I do think we are coming to the end but we are not there yet. I still think we have a panic run and some depression to come and should be looking good from September on. Im now watching BTC on...