Macro Elliot Wave Counts going up to Sept 2019, with the help of the macro Fibonacci retracement since the 2017 $BTC top.
Watch this space!
Cheers,
Leb Crypto
In this analysis I will go in the order of long-short term charting and try to explain in depth as simple and short as I can, feel free to comment below , Enjoy.
So first off, what we have here is a WXY correction(Double three combination correction)e.g...
Watch for price to breakout of the corrective channel for a buy set up to finish the Flat correction then the sell set up after the structure is complete
I previously called a technical breakdown in INTC following the competition of the ascending triangle. INTC subsequently fell, but has not yet hit its full down-side price target and has rallied a bit. This is a textbook Elliot Wave zigzag correction pattern and for fundamental reasons I see the final leg of the correction about to breakout, once again to the...
Adjusting my idea for what might lie ahead for the Dow. Forgive my many variations, but our picture is certainly confusing and some of us have already been whipsawed and blindsided twice:
Dow is in an extended wave 5, approaching the upper edge of a symmetric triangle. a weakening Bullish formation forming over past 9 days, albeit on low volume. Breakout from...
Wave model projected 25076 on Dow got to 25070. Divergence in indices suggests flight to quality - dumping tech to buy blue chips, nervous toppy behavior.
Can go higher but is due for a pullback and possibly a substantial drawdown. Wave C could carry to 23800 or lower.
Could get a shooting star Tues to confirm topping. Other indexes already moving lower and...
As with BTC/the market, Ontology had to take a big hit the last few days but there are a few signs that could lead to a quick recovery.
Analyses
- ONTBTC recently broke out of a channel (blue) after making a full 5 wave up in this channel/timeframe (degree) and is now in a new downward channel (purple).
If we look at the EW of the correction, then we could...
The chart says it all. ZIL has gone up substantially in the past 8 weeks, and now it's looking as though the market could not resist to sell off the huge profits gained.
SHORT opportunity (theoretically, as I do not know of an exchange where you can short ZIL yet). If you do know, comment below.
TP1: 1700 satoshis
TP2: 1400
TP2: 1100
However, if any, I...
In this post - I'm going to examine Bitcoin across the board covering the following:
1.Basic Technical Analysis (Trend Lines, Candlestick formations, Moving Averages)
2.Elliot Waves Analysis
3.Marcet cap analysis, Volume Analysis, Fundamental Analysis.
4.Number of short positions (BITFINEX)
5.Number of long positions (BITFINEX)
1.From a Daily chart, we can...
LTC is currently correcting from the Elliott wave structure prob till 0.5 or 0.65 fib lvl and is forming a downward channel.
After correction I think we are going to see the 3th wave of the bigger Elliott wave structure that it is forming.
NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during...
I hit you guys with a scenario of us having finished our Wave 3 and being in our Wave 4 correction.... But that wasn't so.
As you can plainly see we pumped even MORE!!! Wow, Cardano really went on a moon mission with this one. So apparently we had finished SUBwave 3 of wave 5, and we broke the 2.618 and almost made it to the 3.618 Fibb Extension of waves 1 and...
EOS approaching oversold status. It's currently At or Nearing end of Wave 5 in the Eliot Wave Structure.
If bulls have more steam for end of wave 5,
Target 1 $12.25
Target 2 $13.00
On ABC retracement,
Target 1: $9.40
Target 2: $6.50
RSI shown in cyan
BTCUSD / Shorts ratios shown in lime green and red
Last time i left you guys with extrapolated targets for what our wave C should look like based on Elliot Wave and Fibonacci Retracements and Extensions. Wave 1 ended slightly shallower than I expected it to, it was actually finished when i posted my last chart, but we couldn't have know that because we had no data on Wave 2 yet.
Now we see that the retracement...
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