Update to my ongoing analysis of AlgoRand moves (see links below). Here I am with another messy chart, I know. We bounced as expected and topped as expected. Now comes the TOUGH call, many possible paths. We look to be in a "wave 3 of C" at this time. But the w1 and w2 were unusually tall so am unsure. We should see one more leg down, perhaps a stop hunt. In...
As you know, Kiwi has been quite strong lately, across the Board. It has made a return trip after a 6 month exploration of the Deep. Now we will see the true strength of its conviction at the Core. "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...
Quick plot to map crucial support zones. Another pump today, not sure if will dump. Bulls have 2 supports to use, must hold one. The bounce came EXACTLY where it was expected, see this Plot:
Most relevant Fib series for Bitcoin in this time frame. The Impulse from $7870 set another cascade in motion. Thus far Bears have dominated the line by line rejections. Bulls have 3 lines left before severe collapse. It will take at least 2 CLEAR Pings to reverse this. Bulls need to paint two Pings that bears can HEAR. Sentiment wise the US market leads but is...
AlgoRand bounced EXACTLY where expected (see idea link below). But the bounce looks and measures "corrective" more so than "Impulsive". Plotted are two scenarios for the correction to continue to new local lows. Hopefully I am WRONG and we see a sudden surge like Algo does. One good sign is Algo moving somewhat independently of Bitcoin. But short of a surprise...
"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...
ChainLink is still retreating from last surge. It may be undergoing a "bottoming" process. Delicate Dance on sub-Fibs shows some intent. Part of my ongoing series to demonstrate my Methodology that I call "Ordered Chaos". . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio...
Plot to study this asset's behavior around key Fib multiples. Is this one of the few IPO's with immediate success this year? Or is it about to run out of steam and wither away like many? I know what you are thinking of the chart above: "Draw enough lines and some will hit every time". My goal is to study the price action at each zone. Some of these waves could...
Quick plot to map upcoming resistance zones. Kiwi has been very bullish as of Nov RBNZ news. Today it opened with a significant weekend Gap. Plotted are possible resistance zones based on Fibs from various time frames. Fib of immediate relevance is Blue set initiated by the weekend gap as Impulse. Those fib multiples when in confluence with higher tf fibs make...
Fib map of nearby Support and Resistance zones. Blue arrow is the "most optimistic" outlook for now. I still think EOS is in serious trouble, see link below. "Ideal Bounce" zone would be a Very Bullish retrace. "Clusters of Fibs" area could Consolidate for few days. "Bulls Last Stand" is likely last stop before new lows. "Gamble Buy" is in anticipation of a fast...
The moment the Pivot Traders have been waiting for. New Monthly, Weekly, and Daily pivots all just painted. Each of the m will stay put until end of respective Period. What is a Pivot? The word "Pivot" is used a lot, meaning many different things. What I am showing is the ''Old-School'' definition of that term. This "indicator" has been in use since 1970's with...
Quick plot to observe price action around expected supports We have just hit a support zone, which should at least slow it down. Am expecting one notch lower, but it could bounce here and now. In my last plot below, the retrace played out roughly as expected. The bounce took off from a zone defined by these same fibs. But the bounce was almost vertical, so it...
Followup to my bigger picture plot posted here (click) . Retrace started exactly where it was "supposed" to (see above link). The pullback appears to be significant and possibly a big correction. Question of which wave is retracing (last small one or entire bounce). An alternate view would be to consider retrace done. If and when such signs appear, I will try...
Alternative plot/count to my primary expectation posted here (click) . I think this is LESS likely path ahead, but has not been ruled out yet. This pullback could be a wave 4 retrace and now starting the wave 5. The requisite "ABC" of wave 4 is plausible, with the C being 5-part. Reasons I think this is less likely: - Wave 4 would have pulled back too far...
Follow up to my bigger plan linked below. From the original plot below, we boucned EXACTLY where expected, and netted 18% gains so far. Time to book some profits and let some ride because it looks like we might be topping for now. Shown are two resistances between here and our original target, plus a Crucial Support below. Pattern traders might call this an...
Update to my ongoing analysis of Bitcoin moves (see links below). BTC got a strong bounce from $6500 and then $6850 (both plotted below). Now it is reaching resistance as well as bull exhaustion zones to beware. Liquidity will be thin for the Holiday weekend, so expect large swings. $ 745x.xx has been key figure both on the way up and back down. Below are...
ZRX looks to be following Bitcoin finally, pushing on a ceiling. We are up against a resistance zone now, may well pull back a bit. But if we break above, there is room before next Major Resistance. If not already long, then consider: a) Aggressive entry immediately upon break out. b) Conservative entry after break an retest of ceiling. .2705 - .2719 is...
Every Bitcoin watcher has eyes on $7400-7500 right now. Dissecting the waves produces an exact map of the terrain. Bulls have many levels to climb, this one is most important. There is talk of "Head n Shoulders" and "MA crosses", etc. This method precisely defines the mathematical road map. The "Impulse Core" has the maximum energy of this wave. "Impulse" is a...