This current Corrective pattern is coming to an end, we are now ready to see huge downside to below 150.
I think the larger caps including Bitcoin will be starting new long-term downtrends. These will last till at least the end of January.
Altcoins and lower caps could see money flow into them because of this, but I'm not ready to jump back into alts yet.
We should now start to see money coming back into altcoins again and I think STEEM is ready to make the next impulse up.
The idea behind STEEMIT is great and I can see the platform becoming more and more popular once it moves out of beta. I personally think that it will become a legitimate threat to Facebook and Twitter and will spearhead the next generation in...
I believe we are just completing the first A wave of this deep correction. Once we see the B then C wave complete (probably once all the fud coming out of China is done) we should see the huge impulsive move back towards ATH.
I think the long-term trend is currently down until this correction is over, however, there are opportunities to take some short-term long...
We are now looking for two scenarios on Bcash right now.
1: We still have another short-term wave up and down to complete this larger correction.
2: We have now completed this 3 wave correction and we now wait for the next impulsive wave up.
A lot of the major alts are showing similar patterns including BTC which I will also post up.
Safe trading dudes and...
BCHUSD has been in this large correction for nearly a month now, we saw a breakout of the corrective pattern and I was starting to look bullish, however, price pulled back into the corrective zone leaving a little uncertainty.
The impulsive way price moved out of the corrective zone is a good sign that we may see more upside to eventually break the All Time...
BTC is now in a confirmed correction, it now depend's what kind of corrective pattern we will see.
I still feel we have more downside, but we may have a short term bull trend to complete the expanding flat before moving down to correct with an A B C move.
Good luck traders.
Another day another Elliott wave pattern....
It's only a matter of hours/days before we see the second impulse down after this current X wave correction. I am hoping it will look very similar to the first impulsive W wave.
A break of the two blue trend lines should confirm this next impulsive move.
Fractals and Elliott.... what a great combo..
I am almost certain we will see a correction back to the trend line, we are seeing very clear divergence on the MACD which I simply can't ignore.
Once we hit the trend line, it's hard to say at this moment in time, could we see another wave up or a deeper correction, time will tell and we should have more clues once price meets the trend line again.
I will be...
With the excitement of Bitcoin cash over, we are now seeing the signs of money returning back to the Altcoin market.
I really like the look of Bitshares and I've been hearing whispers in the community that a big buy back is due. We have seen a lot of lows hit on a wide selection of Alts and we should start seeing some big quick profit pumps returning...
Sometimes in life, we need to take a step back and look at the bigger picture, we get stuck on the small details and forget the path we are actually travelling down..
Zooming out to the 12h Bitcoin chart, we can see a very clear picture of where BTC is taking us. Perfect Elliot pattern and lining up great with our Fibonacci rules, I'm aware of the news this...
The great thing about Crypto charts is they are fractal by nature, if you're a fan of Fractals there are no better charts than Crypto to trade your theory. Just look at Bitcoin its a Fractal traders dream with Fractals appearing almost every month. I will have a future post on this soon.
Looking at Factom we have a perfect Fractal trade coming up, lets see if...
ZCASH is showing signs that its major corrective pullback is over, showing a similiar pattern to ETH we can expect to see a new Impulsive wave forming.
I have marked on the chart my rough idea on where I expect price to go, use as a guide only. I will start accumulating small amounts today through to Sunday.
Looking at mid to long term for now, so prepair to sit...
ETH Looks like it is ready to move up, can't say whether it's a long term move or a short term though yet.
It has confirmed it has finished the WXYXZ Downmove and is now starting some kind of correction pattern. It's too early to tell what type but I will initally look at at an A B C.
For now I will look for longs, but will update if anything changes.
We are currently seeing a small rally within a larger corrective structure, I want to see this move break the last corrective high (marked on chart) before we can start looking for shorts.
We will then trade back down to the bottom of the corrective structure before looking for the final corrective large impulse up.
Use my arrows as a guide only, follow the...
Looking at the strength of the last impulse down, I still think we are going to have at least one more move down. I won't change my perspective until I start to see some form of divergence on the chart.
I will be looking for shorts and trading this down further.