To quote Elliot Wave great Haejin Lee "Good morning, good afternoon, good evening depending on where you are at in the world." This update is switching back over to neutral even though my bias still leans towards the log side of things and I am currently still holding and laddering in when I see fit on different alts. As you can see after breaking up from the...
Hey, fellas... One more update about this damn matrix we live! The last idea was: Things are little bit diferent. In daily chart is hard to see some new pattern, so, that's why i decided to see the H4. Pretty rising wedge forming, i believe we gonna down, even we have some bullish indicators. Check the MACD signal, it's about to be confirmed! But...
Just a continuation of the previous idea I was discussing on btc. I noticed that inside the bearish pattern was a hidden bullish pattern. It still needs either one more 4hr confirmation candle to close above as well or a huge surge in bull volume to confirm the breakout(whichever comes first) but hopefully if we do validate the breaklut, it will give us the...
A bearish break down from the recent bullflag sent the price briefly plummeting and threatening to create a lower low by going under $8650 but the price was stopped just short of doing so at $8808 by the strong bounce support of the 1 week chart's tline(not shown but indicated here by the 100% fib extension). These 2 lines overlapping formed a double reinforced...
We are now seeing a rising wedge pattern where there will be upwards short term movement and then a significant drop to the high 8000's. Critical price will be 9700, and if broken the trend will become that of an impulse wave shooting upwards of 10K.
As I posted on my previous idea, we knew that the resistance of the rising wedge's top trendline was too strong for us not to eventually break down from the wedge, and just now in the last 4 hr candle we have confirmed that breakdown. I said in the last idea that ideally the 26th would be the most opportune time for the rising wedge to fall to and bounce up off...
P rice action is still stuck inside the 4hr charts rising wedge(in blue) and judging by how strong its top trendline's resistance is, plud the crazy coincidence of where the rising wedges trajectory crosses paths with the eve bottom trendline(in pink)'s trajectory, we have very high probability of being stuck inside this wedge all the way up the double bottom...
Just wanted to point out how precise the Bull flag projected breakout target was with where our current 1 day candle is stopping and finding resistance. No big surprise there because bull flag breakout projection targets are always pretty close but it's always fun when the price stops right smack dab at the projected target and just futher confirmation that TA...
No longer a bull pennant but instead a full on ascending triangle. It has found strong resistance at the top trendline of the triangle and needs to close above 8960 for a breakout. We have cut above the psychological resistance of 9,000 a few times now and if we can close above 9,000 and flip 9,000 from resistance to support then I belie the bull run will then...
We can see on the 4 hr chart the current bull flag has started to morph into an ascending triangle bull pennant. Probability is good it will break upward....that should trigger the cup and handle that is still in play if that cup and handle is valid....However this entire bull runs price action also appears to be trapped inside a rising wedge which are patterns...
Hey guys, this is just gonna be a quick and simple TA on bitcoin. Currently looks like bitcoin is trading in a rising triangle which would signal a nice bullish continuation, possibly leading a breakout of the log resistance. Cheers.
After the news broke of BAT partnering with Dow Media, we saw massive gains of over 40%. Since then, the price has formed an ascending wedge, that is due for a breakout in the next little while. We have not seen any sort of correction after this jump and it looks like that time may have come. The RSI has also formed a clear bearish divergence and we are about to...
Probably going down from here. Entry either now or @ 108.544 TP: 105.862 SL:108.895
Standard bearish rising wedge on AAPL with all the normal bearish divergences half way through a down trend, would suggest target of 1.618 fib extension. Incidentally area of confluence with previously established floor. Stocks move so slow though and premarket can basically do what it wants. Either way, I'll short this Monday morning
Bitcoin is trading around $8030 at the moment, which is $300 lower than BTCUSD on Bitfinex (what an Arb opportunity!). It's in a clear rising wedge.
We are currently forming a typical rising wedge, and i would expect us to drop to around ~6600 with a small retrace to follow before moving towards our 6000 mark. I will be shorting within the next hour
I expect us to break downwards towards the support trend line and bounce upwards.
20 second chart of getting out of holding the bag! trend lines aren't drawn well just a quick chart