Parabolic SAR dots are showing bullish on the one week and green, red, and blue bars (Grab bars) are showing green on the weekly, therefore I am looking for a buy signal on the lower timeframes like the one hour for a buying opportunity.
The Russel 2000 has broken through a long standing Darvas Box resistance level (yellow horizontal line) on the Weekly chart. This has formed a rectangle base in the Russel 2000 with a 23% gain price target , calculated with a 1 to 1 upward move from the top of the Darvas Box resistance level to new highs on the Russel 2000. This is not investment advice.
Tezos (XTZ) is in a potential Wave 3 up move off the low it made a while back. The wave 2 pullback was nicely contained and now momentum on the daily chart looks primed to pop upward.
My price target for Silver is a conservative 1.62 * P1 extension, at $106.
Bitcoin price has reached the 61.8% retrace of the wave P3 move. This level is a good candidate for the end of the Primary 4 (P4) wave pullback that is currently taking place. Will add more commentary about this idea tomorrow, hopefully.
After an impressive move higher today, Bitcoin has found the top of wave iii of (3) at 17171 on Bitfinex. There was quite a bit of divergence between GDAX, Bitstamp and Bitfinex today, so it's difficult to estimate where wave iv of (3) will retrace. Regardless, I have a target for wave iv of (3) between the 23% and 50% retrace of the wave iii move. These retrace...
Here is a rough outline of my current Elliott Wave count for Bitcoin on a smaller timeframe. Currently in Minute wave (3) of Minor 5. For the longer time frame count, please check the linked chart for my Daily timeframe count.
For full commentary and details of smaller timeframe counts, please refer to my blog post at the link below. cryptowaves.com
For full commentary, please see my recent blog post: cryptowaves.com
For full text on the count, please see the post on my blog. cryptowaves.com
Please see my blog post for full commentary. cryptowaves.com
Quick Daily chart update, with the decisive move above the wave 1 - high, Bitcoin price is currently in wave 3 - move.
Refer to my blog, linked below, for full commentary on the count update. cryptowaves.com
I haven't posted an update in a while. Here's a quick teaser of my review of the wave count. Please check back tomorrow for full commentary on my website. For now, the text on the chart outlines my current thinking. Buy the dip once it dips more, essentially.
Please see my post on Cryptowaves.com for commentary on this chart. Any questions or requests for clarification on the count can be left in this TradingView Idea, or on the website. cryptowaves.com
A quick update to my wave count posted about two months ago. I modified the timeline of the labels - price targets remain the same. The sideways movement lasted longer than I had anticipated. Price stability in the low 400s area created a nice base for the recent rise in price. Review the old post on cryptowaves.com for detailed commentary. Note that I changed...
The momentum squeeze on the BTC daily chart has finally fired to the long side after over a month of waiting.
Please see the post on my website for commentary on this chart. cryptowaves.com