As you know Orchid continues to drop from Coinbase intro pump. It has fallen through support after support and is running out of them. We are at pretty much at the LAST possible bottom/accumulation zone. Lets see if this lingers in the green zone as a sign of accumulation. . See some of my other plots and trade calls below. I also plot Forex and Stocks, take...
Update to my recent Plot targeting 10k (click) . We hit the EXACT target for the "Minimum Expected" in above plot. Now we are likely to see a retrace, just a question of "to where" ? Plotted are two possible paths, Green versus Blue "abc into 12345". $ 9250/60 is possible but unlikely re-launch point. $ 9146/70 should be pretty strong, might launch. $ 8970/9k...
Part of my ongoing analysis of ChainLink (see links below). LINK has been coming back towards recent highs. The wave structure could end right around the high. Breakout could run but likely another pullback first. . Previous LINK analysis : $2.9 Last Resistance (still in play) $1.70 Bounce Plot (perfect Ping) $3.17 Break Out opp (not triggered) $2.87...
As you know, crypto has been enjoying a market wide bull move. LTC is now approaching the maximum resistance of recent moves. What happens here could determine trend direction for some time. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of...
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected...
Update to my previous plot Asking if Topped (click). After the virus dip, we got a bounce as expected. Now that bounce wave is at a crucial decision point. Thus far it looks more "corrective" than "impulsive". The dip itself was two strong waves, posted in this Idea . We saw a parabolic 1st wave, and a linear 2nd wave. IF we are to have a 3rd, HERE would...
Followup to my Previous Analysis mapping Topping Zones (click) . Sure enough, just when the market is at an overextended top, comes the bad news. Not saying the "virus" was timed thusly, but the "marketing" of it fits the SOP of Wall Street. Now we need to see if the "virus correction" is done or will it have yet another leg down? Thus far we have a near...
ADA looks to have finally "bottomed" and upcoming upgrades may lift it out of the ashes. If that was NOT the bottom, then there is only one more floor below, starts with a "Z". It has already jumped up one rung on the Fib ladder after testing the floor below. the 4.764 at 403 sats would be a good stop loss for long entry. the 4.618 at 619 sats has just Pinged...
Follow up to Previous Scalping Layout which was quite profitable. Short term Support and Resistance zones to scalp with. Looking for " Pings " on any boundary to consider entry. UpTrend implies Longs, but due for a Retrace as well. Mapped are various fibs from different Impulses . Each of their Ripples has a chance to turn the price. Also included are high...
Part of my ongoing analysis of EU movements, see links below. EU just lost a key support zone that was essentially Bulls' Last Stand. There are two more supports nearby, either of which could bounce. But the velocity and momentum of the wave point to a lower low. $ 1.1008 - 1.1010 is Key, break above reduces odds of lower lows. $ 1.0999 - 1.1001 is next Support,...
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the buyers still there? Enough to absorb the selling power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected...
Update to my bigger picture Map of a Possible Top (click) . This is a look at the drop thus far, and some updated zones. It seems we have had two distinct waves down, per the Fibs. This post is just before Monday NY open, so a key moment. It is POSSIBLE the dip is "done" with that ABC. It is LIKELY that we see a bounce at NY open. It is PLAUSIBLE that we see...
Followup to my previous analysis Mapping and Buying the Bottom (click) . As we were hoping, UC may have bottomed and ready for uptrend. Recent economic news and a dovish BOC may support a trend change. We look to be in a "wave 3" of a textbook five-wave impulsive move. It is POSSIBLE that wave 3 has ended, but LIKELY for 3 to have one more leg. It is PROBABLE...
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected...
Follow up to my previous plot Calling for 8.2k to 10k w5 (click) . Fine tuned some zones from previous plot above. Wave 4 looks to have completed just as planned. Now starting wave 5 off to a pretty good start. 8577-8623 is Immediate Resistance which may cause a pullback . 8975-8027 is MAJOR resistance as we all know, risk of double top. 9378-9431 is the...
See my Previous Analysis that caught the bottom EXACTLY (click) . Icon bounced where expected in the plot above. Now we have a crucial Support that needs to hold. And we have nearby Resistance that needs to break. 1898-1906 sats is the Crucial support that most not break. 2020-2025 sats is the immediate Resistance just above us. 1950-1952 sats would be the...
XRP may well have bottomed around 17 cents with a good looking bounce. The bounce has been rhythmic, first requirement for a sustainable wave. Plotted are the two last waves (red-down, green-up) mapping key points. 21 cents is confluence of Red 4.236 and Green 2.618 fib extensions. Both of those extensions are often strong barriers from either way. If 21 cents...
Near term update to my Bigger Picture Posted Here (click) . Per the plot above, we are at first possible support. This would be a perfectly good wave 4 end into 5. Lets see if we get more than a dead-cat bounce. Previous XLM analysis: 5.7c retrace Target 4c Bottom Called 6.7c Long Entry <= Boom! perfect catch