CryptoMaing

CryptoMaing

Before you take this trade, WAIT FOR CONFIRMATION and RETEST. This has been a strong uptrend for past several years, there is a high possibility this pattern gets rejected.

CryptoMaing

Canopy Growth is fully into correct zone (watching to see what kind of correction we get). Now that dates for legalization are out - we are in a downtrend until something new comes up that changes the trend. Any moves up need to be made with caution. Good shorting opportunity for the next month or two I'd say. I'll be watching for good opportunity to short the up...

CryptoMaing Updated 

We're falling fast out of a Wave B. We'll see stops at the areas highlighted. These areas are where the market will most likely hesitate and possibly start an upwards trend. It's anyone's guess as to which level will be the true bottom. I don't foresee going below Target 3 before a strong bounce (correction or impulse wave upwards).

CryptoMaing

As a learning experience. This shows you how strong the bears are. Notice how the fifth wave failed (has 3 subwaves) and didn't even make it to the top of the triangle before heading down.

CryptoMaing Updated 

I'm not sure I believe what I'm seeing, but my TA is showing a $640 target for ETH. Falling below the red line means the 5 wave structure is complete. Feedback on this is greatly appreciated!

CryptoMaing Updated 

XRP is consolidating this morning. Hoping for one more move to around $0.78. There's a tiny bull flag forming, if we can break up that'll be the end of this bull run as we are on wave 5. Then we're onto correction waves.

CryptoMaing

Got bearish divergence on the RSI. A rising wedge forming. Watch out for the bear!

CryptoMaing

Can't believe I missed this earlier with Aurora Cannabis. We're heading downwards to the $2-3 range. Oh well, win some and lose some. My focus is usually on Crypto and it takes my attention away from other stocks. Sharing my two cents and hoping this helps someone.

CryptoMaing

This is just one possible route we may take. See my other idea for bear flag to compare with this wedge. My previous bear flag version didn't consider the Cloud resistances, this wedge scenario does. I think this is the more likely scenario. In either scenario, we perform an E wave up, then head downwards.

CryptoMaing

My crude TA for today. Always good to know where we are at with the trends. We're on the way down to test the bear flag pattern. We've started a Wave B to go up a bit before we test the flag bottom. We'll then break through the bottom OR go back up for one more test at the upper limits - a Wave E (then break downwards out of the bear flag). Based on sentiment of...

CryptoMaing

An idea I had to see what the very bottom of this correction could be before there is a HUGE industry wide problem in crypto. Came up with Fib 0.78 as the very bottom of this correction. We'll see what happens. If this support breaks, we're into an era of depression.

CryptoMaing Updated 

Just a fun thought, you can take this how you see fit. Might not even be proper technical analysis. However, here we go --> Based on Fibonacci levels, if we go below the 0.78 retracement level, usually that suggest a full retracement. But what if $0 is the bottom? We all know at this point that cryptocurrency is here to stay and ETH would be one of last to die...

CryptoMaing Updated 

I'm making this one more of an educational piece. This is not financial advise, nor am I confident in the count yet. We haven't had confirmations of my mini-wave count yet. These are just my thoughts based on today. Remember to DYOR and take responsibility for your own financial choices. Based on the Elliott Wave count that I have (been tracking since Wave 3...

CryptoMaing Updated 

Quick TA this morning. This is what I see. Given our current downtrend and the TA community saying there is one more leg down coming. This makes the most sense.

CryptoMaing Updated 

I'm making this one more of an educational piece. This is not financial advise, nor am I confident in the count yet. We haven't had confirmations of my mini-wave count yet. These are just my thoughts based on today. Remember to DYOR and take responsibility for your own financial choices. Based on the Elliott Wave count that I have (been tracking since Wave 3...

CryptoMaing Updated 

Took a while to analyze this one, but it looking like a WXY pattern since ATH earlier this year. If this is correct, then we won't see the bottom for another month. Given Chinese New Year was late this year, it makes sense that the Alt Season is pushed out (usually starts in April with end of April highs). I'm keeping tabs on this one. I'll update as we move...

CryptoMaing Updated 

Targeting $600 (Fibonacci 0.5). Potential to go as high as ~$720 if we get the full C wave extension to Fibonacci 1.61. Hope it makes it...

CryptoMaing Updated 

Just an idea if we can hold above 8.2K today and validate the hammer candle. Could be start of a wave 3 instead of the end of a wave E. TD Sequential sell signal upped itself two days ago - so I assume we on't be making it to the bottom of the double top I previously shared. Based on prior trend, Bitcoin hasn't gone far below this sell floor of the TD Seq. If it...