Observe possible strong breaking of 12k level for entry
Updating my last pitchfork idea for BTCUSD here, I think we will complete the edge to edge by testing the $10k price range. This is using an updated chart index I threw together compiling 8 difference exchanges across 4 different countries/currencies. Watch for price action to bounce on significant volume from this area. If we break the pitchfork all bets are off...
Easy to spot triangle pattern. I think we could see a bounce now but it will eventually go down and crash hard. I expect the bounce at the lower bottom around 8200 - 9500. If it successfully bounces now I doubt it will surpass 13500. Use that bounce to get out of the market. Don't be one of the ones left holding the bag! Like the idea to get updates! :)
Interesting times ahead. Everyone ready for action?
Big thanks to Kraken team for saving my private life today, preventing me from participating in XRP pump and dump, etc. My short-term forecast on all coins at Kraken is flat ------------ ;-)
Bitcoin currently making an ABCDE (which is part of the 1-2 waves on elliot wave cycle) on 1 hour chart after it's ABC correction and is gearing up for it's 3rd wave up. Top of the 3 could be the 1.618 or even higher. If it's the 1.618 fib extension line, could see bitcoin going to $19,000+ short term.
near term bearish set up... how strong is the fud?
Or will it breakout trend, and find support from the Fibonacci retracement. I like the idea of an new ATH around februari!
Posted this one on Twitter a few nights ago twitter.com IH&S completed signalling a long position entry.
I believe BTC has broken out of it's downtrending resistance on the 1 hour. The correction from $20,000 seems like it has finished by painting an ABCDE correction and now it has started a new Elliot Wave set structure. New target for this wave set on the 1 hour time frames = $24,000!
Now that most new money has placed their bets on Alts and have gains, its time to teach them what BTC does to an ALT Party...
Just realized I hadn't updated this in a while. I flip flopped back and forth between two theories I had before our recent ~40% correction, I was right the first time and then after talking with some people, my mind was changed. The thing about Elliott Theory is it's very hard to agree on wave counts, but in the end it doesn't matter. Just find the waves and trade...
We fell back into the upward channel I drew towards the end of November, and have been following it quite cleanly. I'm bullish overall, but do expect some bumps along the way...I'll be buying along the bottom of the channel on the way up. Some people see a head and shoulders forming, but historically I don't think that pattern works well with BTC. Additionally,...
XBT Breakout of downward channel with long term support still intact
We seem to be having a repeat pattern emerging for XBT/USD. Not picture perfect but seems to be corresponding to a EW pattern. Please use this info for educational purposes only. This is just an opinion.