Even the veteran technicians can appreciate the beauty in these efficient markets. Ask in the comments if you don't understand the significance behind where the arrows are pointed.
Disregard the indicators... The value is in the price action.
For instance, the 0.618 retracement - pulled from the wave 2 of the decline to end of 5 - #to the tick...
Confluence at target with long term horizontal support, triangle measurement from A-B projected from E and also Algo target from most recent significant swing high to swing low. Trade is invalidated if E wave goes above C of the ABCDE.
Longs outpacing shorts which can be construed as a contrarian indicator.
Hey guys, little late night story time for the night owls..
BTCDAILY Wyckoff Analysis. The chart is not in Log scale. Based off Wyckoff accumulation schematic #2 (or #1 if considering the spring/test)
Immediately Phase A is supposed to mark the end of the prior downtrend, in this case it has only technically marked the deceleration of it, depending on...
Just a quick post.
ZCL hardfork announcement expected this Sunday.. Forking into Bitcoin Private.
Broke out of top resistance of the channel
Retraced and will bounce off it as it now acts as support.
Place your trades accordingly.
Zclassic is a clone of ZEC but the 20% doesn't go back to founders, it goes back to the community.
RSI 72 is a key level on the 6 hr.
I also believe we are in a very large Wave 2, 10 K will act as final entry point for our wave 3 taking us to 30K USD before summer. Wave 4 come down to 20K and Wave 5, minimum 50K
The elliot wave chart