ElementalTrade

ElementalTrade

BTC Wave analysis from inception. I believe we are nearing the end of a large degree Wave 2 but not yet complete. Should approach or even slightly violate the lower boundary of established corrective channel. A long and very bullish Wave 3 would then ensue. Comments are welcome! Thank you all and God Bless :) Heath ~Happy people are often grateful; But...

ElementalTrade

Please see annotations Just my musings...I hope we have plenty of time before any deflationary period, no one wins during those times Thank you all and God Bless _/\_ Comments are welcome! Heath ~The power of death and life is in the tongue; those who love it shall eat the fruit thereof (Proverbs 18:21)~ ~Speak love and positivity into your family,...

ElementalTrade

Log scale Wave analysis (as I see it) puts us in the final throws of an ending diagonal. On a zoomed in scale you would see we failed to reach the upper boundary. As ending diagonals may be seen in Wave C or 5 position, it is important to consider we may be seeing a Wave C of B of 4 diagonal which would provide for one more leg up (upon Wave C of 4 completion),...

ElementalTrade

*Wave and channel analysis is mirroring the previous impulse nicely * It looks as though we can expect another bullish reaction to the 4-hour SMA 25 and upper margin of the base channel as Wave 3 completes, with subsequent retracement to our prior sub-wave 4 terminus (a common occurrence). Simultaneous violation of SMA 25 is expected upon Wave 4 completion....

ElementalTrade

So we've seen 7 months of crypto-correction...personally I've had enough! Ultimately I will follow the momentum/wave/channel, etc. Follow the technicals (as interpreted), regardless of hope or want. That being said, let's go! I feel it's very common to see Wave C (or Y) terminate somewhere between the closing price and wick of Wave A (or W) of a major...