Potentially a repeat of the 3rd. I think we've hit a valley and it's going to go sideways for a little bit, then pump up again to meet the previous tend's levels or slightly higher, then drop through the floor.
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...
This will be a solo idea, it might support my previous ideas, but is not the point right now. For me it is doing the same thing it did from April to May, I will be expecting a high leg right now, I am still holding my target in the 6.8-6.9k area, (It hasn't been broken) this is my Biggest resistance and I think is the most important one right now. It could go to...
After a meteoric rise from $150 to almost $20K, the mother of all cryptos has taken a break to cool off its unrelenting moonshot and has been in correction mode for the last 7 months. We have heard news about Bitcoin being dead as the price corrected by 75%. However, these moves are quite normal with most cryptos going through 90%+ corrections on a regular basis,...
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%...
I believe a short-term bottom is forming here at the $5,900 level.
In the left blue box, we can see that the price stabilized and rebounded in a meaningful rally from $6.8K to $9.8K, a 44% gain.
I think we’ll see the same pattern as the price stabilizes around the $5,8000–$6,000 level and the daily RSI (the purple line in the RSI indicator) begins reversing for...
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.
Here's a slight variation from my previous fractal idea of the April-Nov 2013 Fractal laid over current chart. Previous idea linked below had fractal playing out starting from the high, with the # of days from the high to finding a new higher low 88 days later.
For this idea I used slightly different data (fractal overlay from Mt.Gox chart rather than Bitstamp)...
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....
Hello traders,
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...
A potential fractal of the April short squeeze appears to be developing, with potential upside of either $7500 if the orange wedge plays out, or $8500 if the pink pennant plays out.This model would likely be invalidated if the price breaks above resistance around $7100 or below support around $6100 before completing the formation.
My long has been doing so well and the pattern change to bullish was smooth but it took me a while to find it.
Will find out shortly if it dumps, the algo switched back.
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...
