Some people say Bitcoin is dead - others say it's still alive! For D4rkEnergY it may be simultaneously both alive and dead like Schrodinger's Cat.
This state is known as a quantum superposition. In the Quantum World a system stops being a superposition of states and becomes either one or the other when an observation takes place.
According to the Many-worlds...
Gold is in the middle of a corrective structure. The structure is still forming and it is not yet clear if it is a variation of a Flat pattern or a zig zag. It is clear that price will make an initial sell off to retest the low of the A wave support, then it will either push to the blue box to finish the corrective structure forming a zig zag or it will push back...
We see here two ending diagonals overlapping and coinciding with the 61.8 retracement in a larger timeframe of the bullish impulse.
We should expect price to go up, and we should take partial profits whenever price reaches wave 2 of each ending diagonal.
I count an impulse wave up since Christmas, with an ending diagonal wave 5. It makes sense that would get some sort of retrace soon, since we have been going straight up for the past two months.
Other bearish indicators are resistance here around 2800, and high RSI into overbought territory.
Targets are fib retraces: ~2700, and ~2630
Hello traders! Today we will talk about EURCAD!
Well, looking at the 4-hour chart, it's trading impulsively bearish, but in the last couple of weeks price has slowed down, which gave us an idea of a completed five-wave drop, where fifth wave was an ending diagonal. regardin EW, when ending diagonals fully complete, usually sharp and impulsive reversals occur and...
This is what I'm seeing for bitcoin as a last chance for the bulls. $3250 is an area I'm eyeing to complete current corrective Wave-B and then should Bitcoin should take us above $4000 as a motive Wave-C of current ABC correction. Current pattern looks like Ending Diagonal.
Elliott Wave Count: Flat Correction (3-3-5)
- Waves A and B of the Flat have completed.
- Wave C is an Ending Diagonal (*A very small percentage of diagonals appear in the C-wave position* | sequence 3-3-3-3-3)
Targeted "Top" of Wave C of Ending Diagonal Wave 4 of the Flat Correction near the .618 Fib @ $242.84
Beginning of descending...
Ethereum seems to have been forming a nice big ascending triangle over the last few days which would normally indicate a bullish breakout is imminent, but could this triangle be breaking into an ascending wedge instead to set the bulls up for a world of pain?
Bearishly diverging and faltering MACD
Heavily over-leveraged longs relative to shorts on...
We are still following the path down my 5th Wave Ending Diagonal. Let me summarize:
Ending Diagonals Happens When:
- The price has declined extremely fast and too far during wave 1 to 4 due to panic
- Bitcoin is now oversold - Investors has begun to accumulate or buy steadily
- Descending wedge/diagonals points to an accumulation
"A man who desires revenge should dig two graves"
Back at September 10th we were optimistic about BTCUSD as it shown some volume , force, fractals and an Elliott counting that indicated a possible bullish reversal with higher lows since June 29.
As trend-based fib-extensions shown on previous TA, BTC price bounced a lot on 0.382 range on the last 3 bullish...
We are still following my top trending post from yesterday - I will hopefully now proof to you, that we with our Elliott Waves can continue my forecast.
We will fall down now and hit my blue box - hereafter we will go up below 5,000 USD again...
Short term have been trading this up as the patterns have been nice for small bullish moves. Now we're at the top of the weekly ascending channel/wedge/expanding diagonal & have had many waves of bearish divergence with no real breakout to the upside for over 6 years. This is the time to start looking for sell setups (one is presenting itself on the 15 min) That...