XHV, very clean Elliott wave chart. Some potential ATH targets on the chart. Bottom entry was called in advance on my twitter. Entering big wave 3, any retrace is a good entry. Medium term hold until one of the targets hit. Follow my twitter for periodic updates
We still can have a quick drop (or not, because the price has already dropped below the impulse wave to form a B wave) to form a B wave before we reach the C wave to complete an expanding flat correction. Then we should lock in some profit, because we will more likely have a sharp drop to complete the regular flat correction of the big uptrend forming...
We saw that our current "Sell" Signal on our indicator had given us a nice decline in price as anticipated. A 9.15% profit return was produced after the signal was established. We expect the price to eventually reverse, give a buy signal and shoot off to the upside. However, this is a technical theory. Technical Analysis shows a triangle range, thus price has...
Got in at 5900, target 6250 Current behavior indicative of potential increase, especially pending BTC recovery.
Quick rundown on "Theory Sketch" of BTC movements. IN SHORT: Sideways for two days, seeking the orange band region on the path up to the yellow band. SIDE NOTE: Alts are disproportionately bleeding indicating some shady shit. Always keep and eye on BTC.
"Short now, and buy in at 5,600." Is what I would recommend if I were more confident in my analysis. I just want this post to point out a few things. Bitcoin hasn't reached a long-term RSI around 44 in quite some time. Bitcoin RSI was only this low in 2016 Q3-4. The prices was roughly $560. So why does this matter? The answer is entirely speculation. My...
To know what I'm talking about and have a clue i linked my previous chart about bitcoin. I explained the idea there and you can check it out from this link . So anyway I think BTC has fallen to bottom of its price and it is time to see a new season in bitcoin. A new bullrun. I think it is close to happen :)
A bullish scenario for bitcoin: - price will not close below 6134 - iH&S, will confirm after breaking the neckline (on increased volume) - target for scenario 7k$ range - if we close above the resistance area we are likely to see more elephant waves: www.coinstreet.limited
The bottom is, in my humble opinion, is not in. Looking back at the price action of BTCUSD in early 2014 we can take a look inside the most recent long term bear market and use that as a reference for our current bear market in bitcoin. Bitcoin and crypto has seen a massive influx of new investors and frankly what we in the space refer to as 'dumb money'. They...
Is it worth it? Let me work it I put my thing down, flip it and reverse it
Bitcoin has entered my buy zone. laddered buys from 6328 to 6178 will look to take profit in the sell zone: 6459 - 6612
It's still unclear if we get the retracement wave but we are very close to a significant resistance area and failed to break past it the last couple of days. Chances of some retracement waves are going up as we speak. I'm looking to buy the retracement wave when it enters my buy zone, and will manage the position (take some profit) in the target zone add a...
DGB is losing steam vs bitcoin. Expect the retracement waves to hit any moment now. We buy the dip and sell the bounce.
When a Bull market tops and sets back, and the subsequent rally that goes back up (again, over 3%) and falls short of reaching the previous high and then penetrates the recent lows on the next decline as measured by both the Industrial and Transportation Averages, a SELL Signal is generated indicating a Bear market.
I know you can't see the chart, neither can I. But what I can tell you is that the 134.00 price level (basically the .786 from B-C high to low, is a key fibonacci level for many reasons, pitchforks, multiple trend fibs. I've looked at this pattern every way I can and it labels corrective every time. We may even get a nice sell from here, but that's a totally...
I hate to say I TOLD YOU SO... Well, I fooled myself this morning.... Woke up and thought, what's with the price rise? Then I went back to YESTERDAY's CHART and saw I already predicted this little mini rise... and wrote a blurb about it ON THE CHART. And this was NOT a clone detail of the Historical Pattern (Formation A) How did I derive the short rise? by...