Dear crypto traders,
Back in the game this sunday after calling a nice shot yesterday for BITFINEX:ETHUSD 0.49% , this time i come with another fractal that i spotted, this one is for BINANCE:MCOBTC -2.02% , in the lower part of the screen you can see the previous ascending channel before the run up that took place in April, the pattern above has formed in 20% ...
Here are some similarities I'm seeing. We seem to be following exactly what happen in April. If we were to continue this it would take us up to 7.7k-8k and then we would could be expecting another downtrend.
Same situation as EUR/USD and the DXY Index we are in that middle ground waiting to see if we get a 5 wave impulse or 3 wave correction. I plotted the levels that will determine the outcome of this pair here.
Hello crypto traders,
I update my chart for BITFINEX:ETHUSD as i was missing an entire elliot wave cycle i did not spot earlier. Now its fine.
I am expecting one more dump to the inferior triangle line acting as support. I am currently out as i sold the top of the triangle and looking for an entry around 460, then i will wait for the pump to happen.
Been in the crypto space for already 7 months and i feel the learning curve is finally giving its rewards.
Been working on this one together with jfiedler using elliot waves with yesterday after catching the last drop.
BITFINEX:ETHUSD is reproducing the last fractal in a higher scale, right now we are in the final ABC before a possible move up ...
Technicals and majors technical events.
Assuming we keep following a similar scenario, pullback is now in progress, with a maximum target of $7200. It might be lower though, $6800 would be enough to fulfill the scenario.
Intended as an illustration of a possible outcome, not necessarily means we will replicate 2014 pattern perfectly.
Fractal will be invalidated ...
Just trying to work out where we are
If this is just stretching a leg of the pattern out for a bit of up then the pattern remains
If it was reversal then the pattern may change
If it is caused by a big players withdrawal from the market then the pattern is caused by the algorithm and could change once that big player has left
Could also be a load of nonsense, some ...
Comparing BTC 0.02% to the 2014 crash, I think we've found our accumulation zone.
In 2014, the crash lasted 1 year with accumulation lasting 9 months during 2015.
The crash of 2018 took 6 months, at the current rate this accumulation will last 4.5 months.
I personally think it will be a little faster.
From this date forward I think we will have 100 days of ...
I have been working on the theory of the current price action being a smaller fractal of the last bull run from ATL 0.88% .
A pitchfork can confirm the channel play occuring and a slight bullish divergence can give indication on a rally soon.
Three tests of RSI support and vertical support from a major pitchfork . The volume is down almost 70 %. It's not going ...
the following is an update on my previous fractal study.
The adjustments on the Historical Bear Run of 2013/2014 are mainly: volatility & length.
At the moment, accumulation is the main attraction.
Theoretically, August should bring us a fanatical bull flag and mid-September should be the real spring of the accumulation phase, ending the bear ...