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The chart says it all. ZIL has gone up substantially in the past 8 weeks, and now it's looking as though the market could not resist to sell off the huge profits gained.
SHORT opportunity (theoretically, as I do not know of an exchange where you can short ZIL yet). If you do know, comment below.
TP1: 1700 satoshis
However, if any, I...
EOS approaching oversold status. It's currently At or Nearing end of Wave 5 in the Eliot Wave Structure.
If bulls have more steam for end of wave 5,
Target 1 $12.25
Target 2 $13.00
On ABC retracement,
Target 1: $9.40
Target 2: $6.50
RSI shown in cyan
BTCUSD / Shorts ratios shown in lime green and red
Hello all friends! This will be my first TA on ETC/USD. After an incredible weekend drop and then bounce, we are now preparing to dip down again for an ABC corrective wave.
Short entered $19.798.
Stop loss - $20 (move to risk free trade, as price drops, "trailing stop loss")
Take profit 1 - $18.00 - high probability - Risk/Rewarrd ratio: 8.88
Hi to all my new friends, let's get to it! I know many people on here like to pretend like they are wizards and know everything, but I will just keep it real for you. We go based on the data given to us, and adjust as new data comes in.
BITCOIN just went sideways for several hours, not sure what it wanted to do. Based on the current count, I believe we have just...
Good afternoon all my Crypto Trading buddies. Bitcoin just bounced off the bottom of $7250 to confirm the end of the ABC bigger correction. Now it appears to be in a small uptrend. If the count is correct, we could be targeting the $8900 to $9300 range. This would be a 0.618 to 0.786 retracement of the previous 5 wave elliot structure.
Entered Long at...
As you can see, LiteCoin is heading down to finish the 5 wave elliot structure, but first, expect a bounce to the $158/159 region for wave 4 before making its final descent down its path of wave 5 to the $134 - $143 region.
Take profits 1 - $144
Take profits 2 - $135
Stop loss $161 if already in a short.
Otherwise, wait to enter a new short at the $158 - 160...
Bitcoin hit the previous target of $7700, it looked like wave 5 but it now appears it was actually wave 3. With the new count, Bitcoin is likely heading to the $7200 range with a $250+/- variance. It's a good play for going short.
Take profit 1 - $7300
Take profit 2 - $7000
Stop loss - $8500
I will update this when I receive 15 LIKES. Please click FOLLOW if you...
Bitcoin looks like it's going short right now. Currently inside of an inverse flag aka Bear Flag. Likely to test the $8500 level at the upcoming wave 3, and followed by $7850 for wave 5. This is based on the waves following Fibonacci ratios of 1.0 and 1.618.
Be careful entering any long positions at the moment.
Take profit 1 - $8600
Take profit 2 - $7950