Bobdinski

Bobdinski

Monthly Elliot impulse wave of bonds. Yield up price down.

Bobdinski Updated 

350k is the next logical resistance. Please take special notice of the yellow painted "inside bars" at the base of wave 3 and the base of wave 4, where I start my 20 monthly bar count. As we all know, the inside bar is the point of price inflection directing the next leg of the impulse. Also, when examining the logarithmic move of BTCUSD , I take note of the giant...

Bobdinski

Potential path of BTC over the next few months. 80k basing back to 40-50k keeping the logarithmic move intact.

Bobdinski

Watch a break of 59 to confirm the inside week and up, where 59 / 60 resistance becomes the new floor for the future of Aerospace and Defense.

Bobdinski

Been charting this wave 5 for a year plus, but was surprised to see it happen so hard and fast. Mother nature is unpredictable, but surely played into the impulse pattern.

Bobdinski

Consolidation / distribution of 6k dip buyers above 10k. Expect 8600 to be defended on the long side and any sustained break holding below 9k will be sold signaling a bear market.

Bobdinski

Here is what a 50% retracement of current move will look like following Elliot Wave Analysis. Sold my $2500 entry at $4200. If market decides to negate this retracement - I will go back long. Looking for a 3k - 3.5k entry. Working off a 100% gain is healthy consolidation that will power the next leg up. This market is starting to show some maturity as it's...

Bobdinski Updated 

Break of 25.53 confirms EW wave 3 down. Target 16-19 for new long

Bobdinski Updated 

Wave 3 monthly, weekly and daily all converging here at 2000. Might be a good time to book some profit and wait for a/b correction as per previous trends. Wave 4 is the hardest to trade and we could be coming into that shortly. Obviously markets change due to new information and BTC remains on solid footing and now more then ever is a great time to diversify...

Bobdinski

Flat double zig-zag looking to launch this back into 50+ share territory. Look to go long at break of 50 using the Elliot structure as your guide you.

Bobdinski

A close above 60.51 will launch this into a monthly wave 3. Obviously be cautious with political risk in Washington on Trump Care - but these companies will undoubtedly get a nice push with a republican administration. Less regulation is a good thing for this basket. Would make an excellent 3-4 year IRA holding at this level imo.

Bobdinski

The trend is definitely your friend in WDC. 163 price target of extension. Very deep wave 2. Excellent dividend to boot. Could be a game changer added to a long retirement portfolio. Digital media storage is not going anywhere for the foreseeable future as Euclidian Physics still dominates Moores Law. When the Qbit becomes common place - reassess this...

Bobdinski

68 Seemed a fair market price for Lowes - Looking to potentially enter LT long on this dividend payer if we see a 8th test of the consolidation box. Notice the triangle test along the 7th hit of the consolidation box - strong moves tend to come after years of consolidation and Lowes price could be setting up to make the top of the triangle broadening formation support.

Bobdinski

History is bound to repeat - be cautious here as the market saw a swift decline before a raging bull. Good place to be nimble and on your toes. Keep in mind, central bank policy is completely different, but the chart is looking eerily similar leading up to familiar rhetoric from Washington. I favor a debt correction in 2018 as the bills will come due and then we...

Bobdinski

Price action today is confirming the trend. Worth watching as traders seem to be pricing back in a "lower for longer" trajectory on interest rates.

Bobdinski

4hr chart has regained all important moving averages. The dotted lines are broadening formations that price discovery happens in. When people set stops they move them up or down for profit/loss reasons, so support dopes not move in a straight line. Use this formation as a guide post for possible inflection points on price.

Bobdinski

Care should be taken following resolution of this wedge continuation pattern for BTC. We could be looking at a measured move to half value of base 4 extension price 8888 to 4444 mentioned in my previous chart pattern of BTC's parabolic state and subsequent exhaustion of the base 4 extension.

Bobdinski

Careful around resolution of this triangle as it could become a measure move to half the base 4 parabolic extension (BTCCNY 4444) discussed in my earlier post "Bitcoin Parabolic curve may be coming to end of base 4 extension." Heavy congestion around 4300 "CNY" previously.