Hi Everybody, According to my analyze I believe Storm made it's first bullish wave up to 935 sat which may be the 1.wave of the elliot. So the second wave most probobly will not go under 0,786 fibonacci retracement level which is around 365 sat. The third wave should continue up to new ATH (>935 previous ATH). Hope to see you making profit !
A nice 5 wave up followed by a nice ABC correction labeled A to E. Found major support at the 0.786 level. Has been consolidating for days. Lower lows on the histogram and has been below zero for awhile. The EMAs are ready to cross and by all means all signs are bullish.
Signals Storm forming a cup and handle pattern, very good place to get in short term What you should do Look at selling at 548 for quick & safe profit Alternative: Sell at 583 at 0.618 retrace
Enter now or wait for channel lower line.
Hello all. I am back again. Hopefully bringing some good karma along the way. We have here a giant descending triangle formation brewing with Storm/btc that has developed over the course of the past 4 days. There was a solid %60+ percent drop from the initial run up, and it appears the market has found a (hopefully) temporary floor at around the 46x...
Looking at the Ichimuko cloud you can see that the clouds are in the middle of the price line, meaning it is "undecided" and based on the 26th projection it will go down. The momentum is less and almost zero, The rocket is run out of fuel after the consolidation. The Storm will be back but not for long.
Who will win on this very strong level? Looking at the 4 hour chart, you can see a very strong resistance as there are 4 candle sticks with quadruple tops. This may go down or go up it depends with the buyer and seller. My take on this is if the candle sticks above the bullish pattern it will go up. let's wait for further development on this. SO exciting watching...
I'm publishing this for constructive criticism. I realize the quick run up in price may be considered an anomaly but it may also be the 3rd wave of an Elliot wave. Not sure how deep a retrace to expect of the current wave 4 we would be in, but 600 sats. seems to be holding. Potential breakout of this wedge in around 8 hours. Looking to be educated so please be...
Similar chart to ADA, with be sweeping lines, getting a 2.618 extention on wave 3 is quite impressive. I would imagine a 1:1 on previous level is possible. If this were an impulse wave than a 1.618 would be more realistic. I put a little in at the .5 retracement (.00000596) looking to sell 75% at .00000750
$storm update: good call. 300% up since entry. Crazy profit. I think it should end the 5th wave so we are going towards 900/1000 sats in the next days. It could recover a bit but I'll hold. $storm is mooning
Storm had a big pump yesterday I couldn't notify this trade because we are not trading by jumping into the top of the price. I could recommend to buy the pullback where by you can look at the chart and if it test that red line it will be a buy and enjoy the profits. But if it will go lower the red line which is a moving average I may be a little bearish into this...
All indicators are greenlit. This is the perfect STORM. Uptrend now official! - MACD approaching zero, a very good sign. Will be excellent when MACD goes above zero. - MAs 20, 50 and 100 are broken. Price is currently trading above these Moving Averages. - My favorite public indicator is showing bulls strength. This is basing on 2H chart.
Based on elliot wave theory and fibonacci we can see that the first wave was done around 335 satoshis. The second wave retraced back towards around 275 satoshis. According to the elliot wave theory wave 3 is the longest and will be at least 1:1 with wave one. Using fibonacci extensions around 275 satoshis this will bring us up to around 400 satoshis. What do you...