I know that everyone is super bullish now, with ETH creating new all time highs and all that, but I think we have further downside to BTC before us, before we can move higher and create new ATH for BTC as well.
If you look at the chart, this is the EW count that makes the most sense to me right now.
I think that the wave C of an ABC correction has just...
This is just one of several possible long-term scenarios for BTC.
I'm not implying it will definitely play out like this, but it is a possibility we should keep an eye on.
So if this plays out, we should go down to around 7,1k (point D), then move up to around 8,9k (point E), and then continue down again to the downside of the triangle, and from there drop down...
Hello friends, this is my third and final "Final Pump" post :-)
In light of recent events, I made a complete re-count of the waves and subwaves (and subsubwaves) on EOS, you can see the result on the chart.
Since I believe that EOS has completed a complete 5 wave structure (adding up to 1 huge wave), it looks like this correction is not over yet.
The small uptrend we are seeing now in BTC is just a corrective wave B, according to my analysis.
It should bring us into 9,5k - 9,6k territory (or higher, if some FOMO kicks in), and then I expect to see a C wave down.
What are the targets?
1.) If we get a very bullish correction, we could put in a double bottom at around 9k.
2.) More likely is a deeper drop...
I believe that we have only seen waves A and B on EOS so far, and therefore the correction is not over yet.
My target range for C is anywhere between the 50% and 61.8% Fibonacci retracement levels (see chart).
If we get a really bullish end to the correction, we might only get down to the 0.5 level, but if the correction is more regular, we will get down to...
Hi friends, it's time go long on EOS again - the correction is over.
We have just finished wave 4 after wave 3 (of an even larger wave 3), and starting wave 5, which could go parabolic.
Target 1: 0.00244 (ATH) - conservative target, just in case the biggest hype is already over
Target 2: 0.003 - realistic target
Target 3: 0.0038 and beyond - if we get a manic...
Don't panic - a first subwave has been completed after the larger dip, so a small correction was to be expected.
It is almost over already.
My target is between the 9,300$ - 9,500$ range.
Only if we fall way beyond that, I would start to worry a bit.
Until then, no reason whatsoever for panic.
Hi friends, I thought I'd share with you my Eliott wave count for EOS, and the target for the ongoing correction.
I will also give you an alternate count after my main count.
So the way I see it, we have just completed wave 3, so a wave 5 is still to come.
IF my analysis is correct, we can assume two things:
1.) My target for wave 4 lies between 0.00147 -...
ADA has formed a really nasty bear flag, and could fall down anytime- caution, guys.
You can see that we are nearing a resistance (red horizontal line), and if ADA gets rejected there, that could very likely cause a downfall from the flag.
The target for the flag is around 2,500 satoshis, but since the 2,700 satoshi level acted as a strong support before, I will...
STORM has created a nice rounded bottom on the 4h chart, also known as saucer or bowl.
Maybe you could see this pattern also as a cup and handle.
A confirmed breakout above 750 satoshis would bring the pattern into play.
The target for this pattern is around 1,100 satoshis (red horizontal line), meaning a nice 45% profit.
If you enter after the breakout, you...
BCPT has formed a nice uptrend channel (in yellow).
We are moving slowly, but steadily upwards. Volume is not very convincing yet, but constant.
Supports and resistances (=targets) are the red horizontal lines on my chart.
If we can remain in the uptrend channel, we could hit the first target of around 7,500 satoshis in around 5 days from now.
This is a...
Icon has recently broken out of a downtrend channel (in yellow) that it was residing in since early February.
The breakout happened on enormous volume, certainly helped or initiated by the fact that ICX was listen on Bithumb, Korea's biggest exchange.
Now it appears as Icon is heading back to retest the top of the channel - that would mean a further decline of...
ETH is oversold on the daily, on the 4 hour, on the 2 hour...
The next possible point for a substantial bounce is around the 470$ region (first orange line).
As you can see on the daily chart, this point is identical with a 100% retrace for the rally that started on December 11th.
So under normal circumstances, I would expect to see a strong bounce...
After the good news and massive pump, BNB has created a pennant, and I was hoping that we would break out of that to the upside (see my previous post). However, with BTC taking a massive dump, that was not bound to happen.
Instead, BNB withstood the storm remarkably, and created a sideways-moving channel (in yellow).
We had a breakout attempt today, which was...
After very good news for BNB (will become a native coin with an own network - read Binance news section) we had a massive pump today with very high volume.
We retraced 50%, then went up and consolidated between 2 Fib-levels (in yellow).
By doing so, BNB painted a wonderful bullish pennant (blue lines).
A breakout to the upside from the pennant would probably...
BTC has formed a pennant.
The lower blue line acted as support so far, and the upper blue line as resistance.
The EMA 50 is at the upper line (on the hourly chart), increasing the resistance of this level.
Pennants in a downtrend tend to break to the downside, which could bring the double top target (red line) from my previous post into play.
However, if we...
Not many analysts seem to mention that BTC has actually created a double top.
The two highs forming the double top were not exactly identical, but close enough.
I wanted to give you guys the downside target for the double top.
If this pattern materializes, I think it's important to keep that in mind.
We calculate the target by measuring the distance from the...