Aerot

Aerot

Bullish 4H RSI divergence could be signaling the end of the wave. Wave 5 of C didn't go quite as far as a normal w5 projection, but if it is a flat correction I wouldn't expect it to. *Note: Blue horizontal ray @ bottom would be my normal expected wave 5 ~target area.

Aerot

Looks like China could paint a flat correction here. Watching for a wave 5 push into C to complete the move beyond wave A. Should see oversold divergence to confirm. So boring.

Aerot

Red count would signify the move has ended. Green count gives possibility for one more push. I am tending to think that (3) of c heavily extended, so wave (5) may not have enough strength to push usual wave five targets. Looking for a clear RSI divergence to confirm the end of the move. Pink horizontal is ATH. Don't really care about it tbh.

Aerot

More brainstorming while BTC continues to bore while price is restrained for pockets to load. Have we overlooked a simple flat correction? Whether this is part of an overall bear correction, or push towards eventual ATH, we have more up to go. Sometimes the simplest perspectives grant the clearest views. *Note: There is definitely room for wave C to push...

Aerot Updated 

Confusing corrective nature has begun to become clear. Here we have a 'double three': Flat -> Any Three* -> Triangle (W-X-Y). This fits nicely, as it mimics the nature of the sideways movement we had after the $500 rise in Fall 2015 (See Linked Weekly). ** Note : Ending triangle may alter a bit as it completes. Heavy support on 4H 200 EMA.

Aerot Updated 

Nested 1/2's

Aerot Updated 

Update on possible corrective double combination - More detailed breakdown of waves. See previous post for comparison (linked). Why switch to CNY exchange? Chinese exchanges continue with pre meditative market sells, which is beginning to paint a much uglier effect on USD charts while for the most part CNY remains in tact. Interesting, huh? *Notes: ...

Aerot Updated 

Not much more to say for this one. ~430 target pullback to ~405 Let's see how this plays out.

Aerot Updated 

Tracking a possible A-B-C zigzag from the ~$450 local top. Some decent divergences are showing up on the 1H which may begin to resonate into larger time frames. Looks like we will at least make a run to the declining resistance from the drop (Purple Box) and decide from there. Failure to break this resistance should push us further down, possibly through the blue...

Aerot Updated 

Large hidden bullish divergences have formed between the beginning of (1) and the recent drop we have seen. If price can find its way through the falling resistance from local top at ~$450 this should turn quite bullish.

Aerot Updated 

With this push, we move into our next leg of impulse. I expect siege on the declining resistance from 500. Hopefully will see you all on the other side.

Aerot

Possible local count for the recent move upward. Possibly nested, looking for a pull back around falling resistance before breaking through.

Aerot Updated 

Possible wave-count for the current situation. Looks like we're topping out on some serious divergences between price & EWO / RSI. Waiting confirmation to take a short.

Aerot

Waiting on EWO to cross 0 line for final confirmation, but it looks like we are finishing off the corrective move from topping out in the 300's on our last bullish rise. Time will tell - just watching for now.

Aerot

A close above the weekly BB (for the first time in a LONG time) will be extremely bullish IMO. Weekly directional showing up trend is still on. Squeeze indicator looks ready to pop to the upside. Should be an interesting week.