AndrewEDavis

AndrewEDavis Updated 

My current TA for ending Bitcoin's bear market: What I see appears to be a Leading Diagonal for wave-A, then correctional wave-B, followed by an Ending Diagonal for wave-C. We may end with a double-bottom near or a bit below the 6k mark. If so, may be done in 1-2 weeks. Right now I'm undecided if we will continue in an uptrend to 7900 range (after short...

AndrewEDavis Updated 

Bitcoin Dec 2017 to March 2018. My current wave count isn't as gloomy as I believe most other TA's are. I see the possibility that we are now on a wave-2 correction of a large 5-wave impulse going upward. Please feel free to analyze my count and point out any flaws. Please do note that I am not at this point "Highly Confident" we are going to shoot upward very...

AndrewEDavis Updated 

$BTC just had a bit of a run up. However, I noticed since earlier today this channel forming. Until we break upward out of this channel, I'll take some profits for now. Why it concerns me that this could be a Symetrical Triangle of a larger Bearish Pennant, is that I can find an ABC subwave in each wave of this ABCDE, making it a valid count. IF we happen to...

AndrewEDavis

I see some possibility of XVG / Verge having some rebound around this point. It is a volatile market at this time, so this is still risky to play. Please note it has a lot of FUD right now also. (As Verge has been so popular in the past few days, I thought I'd take a look)

AndrewEDavis Updated 

What I see that has happened to BTC over the past day was a 5th wave failure (other counts don't add up) . SEE this screenshot for a more clear picture: pbs.twimg.com I know that most TA ignore fundamentals/news, however, this is my view: I see 5 impulse waves forming as expected, then at exactly the same time of Binance FUD (17hr ago), it fails/breaks down...

AndrewEDavis Updated 

This chart appears to be a possible and valid wave count. Wave-1 and wave-4 doesn't overlap. Wave-3 is a 1:1 extension of wave-1. Wave-4 retraced to the 0.65 Fibb of wave-3. Still, be super cautious because of the FUD news circulating today. Binance ordered to be shut down (shown as rumor/false) and others.

AndrewEDavis Updated 

#Bitcoin wave-5 target: ~9500 Range: 9300-9800 Time: 12-24 hours (Current estimates on assumption that we just completed wave-4 of 5) $BTC Previous Thread/Analysis:

AndrewEDavis Updated 

A wave count for consideration. I see (zoomed out, starting from the bottom) we just ended what looks like 5 subwaves (starting possibly wave-2 of a larger wave-C) after an ABC correction. If correct. We could get one small wave up, then down, then another Bull run upward.

AndrewEDavis Updated 

Bitcoin showing positive signs so far. A "Double Bottom" is a Bullish reversal chart pattern that is found at end of a downtrend. We still need to observe the next hours of price action. Looking for a breakout at the neckline. Possible quick play up to 7930.

AndrewEDavis Updated 

Seeking a bounce around here for Bitcoin, otherwise not looking to great if it fully breaks through below. BTC

AndrewEDavis Updated 

(Hypothetical Idea): A rare structure known as an "A-B Base" (A-B Transition / A-B Reversal) which can appear after a major market decline ended on a satisfactory wave count, signals the commencement of the new Bull Market. Bitcoin (My main TA chart): My current Technical Analysis trend and wave count. The market is very confusing with lots of manipulation...

AndrewEDavis Updated 

Possibly EMA 5 remains above EMA 20 (1 week scale) as has historically been, and we see Bitcoin return to its parabolic uptrend.

AndrewEDavis Updated 

We may have reached my target 1 already. Look for break out of the orange channel as confirmation of uptrend to $11,000-11,200 range.

AndrewEDavis Updated 

I called the bottom price of ZClassic yesterday ($7) while most others were saying it would get down to $1-2. No one else called for the bottom and reversal until well after I did. Just called out this incoming breakout 40 mins ago, (Possible Bullish Pennant formed, which can signal a breakout upward.): And the breakout was successful: I did lots of trades...

AndrewEDavis Updated 

ZClassic /$ZCL - Elliot-5-wave of Bearish cycle may now completed (or near to complete). (Regardless of "Manipulation", Whales and Bots DO mostly trade within Technical Analysis parameters). After the massive (expected) dump which happened after the Bitcoin-Private Snapshot and Fork, ZClassic may finally be finding a bottom. (Still, because of how volatile this...

AndrewEDavis Updated 

Right now, Bitcoin is attempting for the 3rd time to breach a major resistance level (orange dashed line) at the 0.78 Fibonacci level. We are exiting an Inverse Head And Shoulders (bullish indicator) pattern at this moment (the yellow triangles), successful exit should see us into further upward movement. Also, we see the price line almost about to cross over...

AndrewEDavis Updated 

#Bitcoin $BTC - My current stance As mentioned in my last post: "Direction still unclear. Because of the latest events, which appear to be strong market manipulation, it is difficult to determine the current path." Any analyst to strongly suggesting a position either way (Long or Short) isn't giving safe advice. However I understand that some still seek advice...

AndrewEDavis Updated 

I recommend waiting until this time before making any further major action (unless you are a skilled trader who can play the 1-2% swings). You'll notice some bounces along the way, but it's not wise to jump into the market right now. There IS a chance of reversal, if we can rebound strongly off of that orange line/channel, however analytically, it is not likely,...