SNT just completed some major corrections and has already started impulsing up, starting primary wave 3 (pink). SNT have just started the first leg of intermediate wave 1(dark blue) and is currently on minor wave 3 (black). By using a 1.618 Fibonacci Extension of minor wave 1 for wave 3 and a 1 to 1 Extension for wave 4, we get a first target of $0.62 This is just...
XVG is forming a symmetrical triangle, which usually is a powerful continuation signal. The symmetrical triangle also happens to be the corrective wave of wave 1 in the form of a ABCDE pattern, and its completion signals that wave 3 will start soon. Since wave 3 is usually the longest, XVG probably will hit at least $0.39 (1 to 1 Extension). However, because the...
Neo just completed five sub-waves, and after 5 waves, a correction occurs. The correction usually is between the 0.382 and the 0.618 Fibonacci retracement.
We can open a short position with a tight stop just above the peak and a target at the 0.382 Fib retracement level, which gives us over 1:5 risk to reward ratio. That means, we only have to be right about 1/6...
ETHUSD update: New all time high established at 1225 as price backs off into the mid 1100s. When markets runaway, the best thing to do is evaluate the bigger picture to get a better sense of perspective and risk, not get carried away by euphoria. In this report I am going to highlight the next proportional target as well as relevant support levels.
Elliott Wave...
BTC IS GROWING STRONG. I SEE THAT THE ABC CORRECTION HAS SEEMED TO BE COMPLETED AND WE ARE NOW LOOKING FOR THE START OF A TREND. WHAT DO YOU THINK? WE COULD BE IN X WAVE SO BE CAREFUL.
It seems NXT is progressing through an extended wave3 count on the Minor period and wave 1 on the Intermediate period.
Currently price action is inside a massive resistance area, with all EMAs flared whilst price action is well above the 13 'EMA' Ketchup. 'TDI' already shows signs of overbought position with the 'RSI' line already in the '70.0000' area and...
ETHUSD update: With 760 being the all time high and no real weakness in sight, it is important to gain a sense of how far can these markets go on the short term in order to decide whether to invest now or not. In this report I will refer to Elliott Wave in order to evaluate the potential reward / risk over the short term (next few weeks/month).
People often ask,...
It seems that Vertcoin is in a major bullish trend and based on my wave count, is currently in a Minor period Wave3 which should be confirmed at the breakout of structure marked on the chart. All EMAs are now upwards pointing, TDI shows continued upwards trend (Weekly Chart) yet to form a sharkfin, but still outside of the outer bands. The Sharkfin should play...
BTG has been downtrending for quite a while now and has completed its 3-3-5 flat ABC correction. The correction also formed a bullish falling wedge, accompanied by falling volume indicating falling selling pressure.
We had a very strong bounce on Dec 7 of the support line of the falling wedge, possibly setting up for wave 3. According to Elliott Wave rules, wave...
We just finished an ABC correction for wave 2. Wave A, if you zoom in, shows a very clear 12345 impulse.
i.imgur.com
Wave B is an ABCDE rising wedge, which I mistaken for a 12345 leading diagonal in a previous post. Wave C is another 12345 impulse, completing the 5-3-5 zigzag.
Wave C also happen end at a 1 to 1 Fibonacci Extension from wave A, creating a...
XLM has officially bottom and everything is aligning for take off.
-50 MA crossed 100 MA on daily recently
-RSI, MACD all bullish on all mid to long time frames
-weekly bull MACD cross occurred 1-2 weeks ago, all set for multi week/month uptrend
And the 2 things that hold XLM back
-the 50 day MA crossing the 200 day MA
-1k satoshi price level
Black line...
The buying frenzy in Bitcoin, just continues to push it higher and higher. There is no time to correct properly. The rally is now close to being vertical, which isn't a good thing.
I was look for this rally to may extend to 10,768 and here we are. However, the extreme buying frenzy could push Bitcoin into the 11,073 - 11,627 area, but it's time to become fearful...
Bitcoin has seen a phenomenal rally in wave (3). Only a year ago it traded near 755 against the USD and now it hovers near 8,100. I'm still looking for a little more upside closer to 9,150, but the best part of the rally in wave (3) is now behind us.
As wave (2) was a simple, but deep zig-zag correction, we should expected wave (4) to be a complex structure in...
Facebook has seen an amazing rally since the September 2012 low at 17.55. This wave rally should be close to completion - Ideally near 187.17 for a correction in wave . As wave was a simple and deep zig-zag correction, we should expect a complex and shallow correction in wave . The ideal target for this wave correction is seen in the 114.77 - 115.93 area....
Bitcoin continues to accelerate higher, with only minor corrective declines on the way (also seen in the US indices). The next possible upside target for wave 5 and (3) is seen near 7,800.
That said, we should be aware of a possible extension closer to 9,150 or even towards 10,783.
We have had a abcd corrective wave complete.
I'm seeing a possible change to catch wave 3 to the downside. USDCAD has been very bearish that mixed the downward movement on the DXY means I still have a very bearish bias
