My thoughts on XEM! Use tight stop loss, follow your money management a pay attention to BTC. If you like my TA, please hit that "like" button, follow me or leave your comments. Thank you!
XVG is ready to fly. One more re-test of major support a rally can start.
BITFINEX:BCHUSD is finally beginning the extension of the 5th primary wave. Analysis Method: Fibonacci & Elliot Wave Review: BITFINEX:BCHUSD has been in a bear market since reaching an all-time high in December 2017 (273 days ago). Weekly Chart: 1. Primary Wave Sequence (Green) -Wave 1: +347.02% -Wave 3: +899.29% -Wave 5: +382.22% - 133 Days 2....
BITFINEX:BCHUSD is ready to rock-n-roll. This is a trade for the extending 5th wave. The main trading method that I apply is Elliot Wave Theory with some indicators for confirmation. I did extensive analysis in the related idea BITFINEX:BCHUSD -BREAKOUT-EXTENDING 5TH). Review: We have completed Waves 1, 2, 3, and 4 (ending). Wave 3 Extended over 700% of...
BITFINEX:BCHUSD is in a Primary Wave 2 Correction. BCH has completed an Elliot Wave which had TWO extensions which were the 3rd and 5th impulse waves. Look for a pull back to $423.00 then wait for confirmation that the correction has ended. (ie, Micro Wave) Correction: Flat + ZigZag Flat: A flat correction is a horizontal formation that occurs in between two...
ONT just lost broke the higher low on the 15 minute which caused a lower high to be set. Hit the reset button for the bulls! Looking for a higher high, higher low, higher high, higher low on the 1HR again! Interesting set up on the 4HR currently! Inside bar, 1.977 to break bullish, 1.908 to break bearish! Set up looks like it would favor a bullish break, but...
It looked as though BTC had a real shot at the $7100 area after moving above $6600 earlier, but it is now testing the main trend support. For now it continues to hold, but has crossed through twice now. With a negative trend still intact on the daily chart, the current trend on the 2 hour chart doesn't look promising. Maybe BTC can hold support near it's main...
Here we have Bitcoin and as you can see we broke out of a confirmed iH&s and continued our breakout but manipulation and fud have brought the price back down to almost 100% retracement! Currently we are sitting around the 78.6% retracement zone and I have a really hard time believing we are going to go below these levels from here. Now lets look at the TDI...
As we all may seen, BTC was pumped today. The price hit $6600 mark. Then BTC rejected SMMA7 trend line and price dropped back below $6400, back inside bearish channel and below resistance at $6434. Ichimoku indicates possible Bearish TK-Cross, but it is to early to consider this as reliable sell signal. RSI is still in uptrend. Also Stoch is in uptrend, but...
LTCUSD had a 5 wave downtrend wave and has completed A & B Corrective Waves. Well we did not hold my stop-loss from my last post (Linked) so LTCUSD still wanted to correct. I am looking for an ending C wave target I calculated from Wave A & B at the Fibonacci Level of 1, 1.236, and 1.382, and 1.618 (as shown). The C wave will be the beginning of a new 5...
ETHUSD is a tough call right here. Since we had an extended 5th Wave which created the all time highs, we successfully retraced the entire 5th Wave. Will we retrace the entire 5 Wave Cycle which tends to happen or is also known as the Double Retracement? If we do, the target is ETHUSD $321!
I would like to pay my respects to one of the greatest minds of our time, RIP Dr Stephen Hawking. Taking a look at the Bitcoin chart this morning we can see that we are heading into my critical support zone again, lets take a look. I drew a fib in from the last major bullish market move we experienced, which was the rally from 6k up to the 11k zone. We can...
Looking at the BTC chart, we are in a Flat Correction. This is similar to the first correction after the high in December. Also, I have noticed that when BTC corrects it is fairly short and only retraces between 38.2% & 50% Fibonacci Levels. The highest recent retrace was 61.8% after the First Wave 1 since the bottom. I expect WAVE C to finish its...
The run-up measured from April 2017 is forming a bat pattern, completing ~3300. Unless price breaks >13500, there is nothing to get excited about
BITSTAMP:BTCUSD an expected downtrend on the back of a divergence and apparently a forming double top, in the positive structure of a bearish ABCD where bullish CD leg is under formation...There is expected retraction from the prz .. Long and short along..!
First time since one month AION broke strong resistance trend level. In this trade we got pretty good risk-reward ratio since Our stop loss is arround 20% and our potential reward is arround 120% so literally it is 1:6, also from what I checked AION got strong fundamentals and whether it is only correction after long term bearish chart or just completely changing...
IOTAUSD has been a bearish trend alongside most of the other majors like BTC and ETH. We saw support kicking in at $1.94 and pushed us back into the $2 zone, however the bulls were met by the bears and we have been in battle since the 16th of Jan. This triangle can be seen as a continue sign of the current bear trend and the bulls will have to bring a lot of...
BUT the correlation still stands and we are not likely to see that break at this point. This means ETH bulls are holding up slightly better than BTC, but will still pullback with it. This means BTC will continue to be our gauge of strength, and right now the bears have the upper hand. Not playing any bounces unless both 5 and 15 min RSI are oversold on BTC. We...