I try not to post quantity but quality here! So, don't think I've disappeared if I don't post for a few days or even weeks. It's just that I haven't found any good setups or simply because I'm lazy... So go on my Telegram channel in that case or send DM
Price action from the 4640 high is not impulsive imo and thus increases the chance of this being a 1,2 move !
From the 18th we also got a 5 waves move up from the 4362 low and so, if current pullback holds above this level and can then make a new high above 4491, I think we can say that we have started a new bull run.
Nat Gas - Add this to your main watchlist.
We could get a nice opportunity to short if we get a small pullback next few days to the noted orange zone at which point we have to look for clues for a potential sell off. #patience
Looking for this one to go to 78$ at first.
Positive earnings last few quarters and good looking volume pattern indicate a potential breakout is imminent.
The wave count suggests we are finishing a wave 4 of higher degree wave iii.
Oil seems to be finishing a 5 waves move and approaching potential resistance zones which are the Fibonacci clusters in green at 113, 115 and 118.
I do not know which one of those will act as resistance but one thing is sure, it's time to take profits off the table, not add new positions for the short term at least.
On the hourly time frame, we can see that...
NIO - Made 5 waves up but it looks like this could actually be a wave C !
Therefore be very careful if you want to buy the pullback.
If price goes down to the orange zone in corrective fashion and we can distinguish a corrective pattern, we can look to buy the reversal out of that zone and even add on a new high.
BUT if that's not the case and we see...
S&P500 - As I said on my last post, it's very likely we're in an Ending Diagonal wave 5 here and should therefore not initiate any longs just because we saw price make a new high.
The ED is invalidated if price is to go above 4344.
We can look for support at the noted orange zones at first.
If the Blue impulsive count is correct, we can expect wave 4 to be...
Ethereum - ETHUSD -
Price missed the 161.8% Fib level by a bit...
Now we have to look for potential support at the blue zones 1900-1700.
Below that I think it's less likely to be red wave iv, I would then rather look at it as potentially higher degree blue wave 4.
There's really no big change since my last post (see below)
Bitcoin - BTCUSD - Count #1 :
We could see price stall around the 30k-35k zone in case this count is correct since there's potential support from the 38.2% Fib retracement level, the 1.618%-200% Fib projection level of wave (a) and that simple trend line from the wave 2 low.
For now, price made a...
EOS - I'm not necessarily convinced by the wave counts here but what I do like is the fact that it's outperforming BTC.
Looking at Fib levels, I think if price can go and remain above ~13$ it could easily reach 23$ at which point I would also look for the 1.272 Fib level at ~50$ .
That's simply because when price tends to break above the 78.6% Fib retracement...
If price can go above 130 without dropping below the 78.6% Fib level at 113 and of course the invalidation level at 100, it has a high chance of making a new high.
Above 130 I would look for a move above 143-ish before going for 178 then 200
ZM - This wave 4 correction I talked about a few months ago turned into a combination it seems and reached equality of wave W vs Y.
Price also bounced off the anchored VWAP from the wave 2 low.
But I don't recommend blindly buying right now, unless using tight stops of course, but rather wait for a confirmation that price really wants to turn first.
Price has been pretty easy to ready up to now as you can see an impulsive move up where wave (iv) is a clean Zigzag correction with a Triangle for orange wave b.
This indicates that this move down is counter and not establishing a new down trend.
Therefore we can expect price to go higher once more to finish blue wave (v).
As you can see there's a nice Fib...
YEARN FINANCE - YFIUSD
We have a nice big base here and the wave count suggests a potential Leading Diagonal with a very shallow wave 2 which indicates lots of underlying strength here.
Otherwise, we might be in a Flat correction meaning we'll see price go below 37600-ish soon.
Personally I favor the bullish view because of how RSI has been always staying...
We got a clean impulsive wave up and now seems to be correcting.
I will be looking for price to make a corrective pattern while going down to the noted Fib levels, where the 61.8% level would be ideal support.
So, give it a few days to consolidate before buying.
DOTBUSD - Looks like it finished a Flat correction. Notice how price stopped at the 127.2% Fib projection of wave a which is a usual termination point for wave C of a Flat correction.
Price is now at the VWAP from the high which could act as temporary resistance but as long as price remains above 26.6 I think it's going to go higher.
Since I don't know exactly...
We are in a wave 4 correction unfolding as a triangle.
Resistance is at 565/575 after which we could see a pullback down to 477 or even 450-ish before hopefully rallying higher above 638.
The triangle pattern is invalidated if price goes now above 613.5 or below 429.