Update to my bigger picture looking for new lows (click) . Looks like the plot in above chart is playing out perfectly. This plot is an attempt to map the final leg (in theory). Currently in a "wave 3" typified by strong, long moves. Plottted are two possible pathways, Red and Blue. The EW paths are just purely rough GUESSES. But the zones are SOLID, and will...
Near term plot of important zones and what they might mean. So we finally got a good bounce, and it looks to have been "Impulsive". Impulsive as in "demand" rather than "Corrective" as in just profit taking. "Impulsive" waves often end at a 4.236 extension (green). "Elliot Wave" theory says this could be a wave (1) or (A). (1) as in 1 of 5 going up, (A) as in an...
Bitcoin Cash has been very strong last few days. Now at maximum resistance near $300 round number. It will likely reject at first, but lets see if bulls persist. "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...
Ether has started its next (perhaps final?) leg down. It should bounce a bit here and then continue down. Question is: Do we get a lower low that Dec. 2018? Sorry for the messy chart and so many lines/zones. Some will say "draw enough lines and some will work". The idea is to observe the price action at each line/zone. $ 128.64 -132.36 is first support zone,...
Bitcoin as you know has been crashing through supports. Now there is only one Strong Support left before doom. Current support will hopefully slow the decent at least. Plotted are three Bull impulses and three Bear impulses. Each impulse started a wave from which Ripples emanated. Interaction between the Ripples maps the zones of interest. 5882 is critical for...
Quick plot to observe this interesting situation. After several "crashes" downwards, price has been tightly confined. Under the microscope, are two Waves and their Fib multiples ("Ripples"). Each wave has a "frequency" set by the original Impulse (fib 0.0 and 1.0). Red fib pushing down, Green upward, and their interaction is plotted. Red wave ended on a 5.618...
Part of my ongoing series to catalog waves within moves. This specimen is from "Chapter 5" of my methodology. The 9.618 extension is a very important landmark of any move. Abrupt reversals are very common, in all assets and time frames. "9" is an interesting number even though it is not a "Fib number". . Ordered Chaos every Wave is born from Impulse, like...
Part of my ongoing analysis of UC moves (see links below). UC was at the top of a 5 wave move awaiting correction. RBC gov Poloz walked back dovish comments by others. As usual, "news" comes out precisely at a chart extreme. 1.32333/394 is minimum expected drop, and only as "Wave A" of ABC. 1.31900/960 is the most likely target and perfect "Elliott Wave"...
Update with fine tuned zones/paths to my Ongoing Analysis (see links below). ChainLink correction proceeding as expected, destinations becoming more clear. Plotted are two possibilities: Blue path is more likely, Red path is quite plausible. It is also possible that correction is done, but I am not seeing any such signs yet. Chart Notes: Drag UP on the PRICE...
Yesterday, UC was parked at support just before news release (click) . Yesterday's reports were bad for CAD so above long entry exploded! Now we look to have completed a well defined 5-wave move upward. Today we have even more important news coming 15 mins from now. Good CAD news should tank this cross, Bad news cant hurt much more? Rare Instances where I trade...
Update to my Spectacularly Lucky Long Scalp (click) . Quick plot to show upcoming resistance zones. Sorry for the messy chart, this thing is a rocket! Also, consolidation leads to numerous Fibs/Zones. 1.3296/300 is immediate resistance. 1.3306/331 is my BEST GUESS for end. 1.3320/226 is possible extended w5. Chart Legibility: Drag UP on the PRICE scale to...
As you know, Bitcoin took a dive and took everything with it. ALGO was running at its own pace until the last day or so. But we also knew that a serious correction was over due. Plotted are two possible pathways for the next leg down. Correction MAY be done, but I see a wave (3) needing a (5). If it gets past the bottom of wave (1) then correction DONE. . ...
Part of my ongoing analysis of each turn (see links below). As you know, Bitcoin took a spill and took everything with it. Link looks ready to bounce, but could be wave B of an ABC. Plotted are three possible scenarios for a serious correction. This may NOT start the higher order correction quite yet. It is POSSIBLE that we bounce from here to a higher high. But...
Just wanted to capture this interesting move. 5 minutes before news release was spike down. Just un-positioning before the news? or knowledge? It dropped exactly into support and stopped. In theory, the wave downwards is complete. I am a bear here, per my Plot of the Top (click) . 1.31893/911 is immediate support, should be a strong one. 1.31511/633 is the...
Quick update to my previous "Hunt of Shorts" Idea (click) . EU bounce exactly up in our Ideal Shorts zone (see above link). The rejection is clear but is not clear if only from profit taking. Reactions at the various zones will help gauge retrace strength. 1.10746/753 will hopefully act as resistance now, we are right up to it. 1.10887/924 should be strong...
"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...
Part of my ongoing analysis of Gold price movements (see links below). This is an early in week plot (before London Open Monday). We seem poised for a final leg down of an ABCDE correction. Sentiment was Risk On last week, and no new events since. $ 1473.90-1474.90 is immediate resistance and possible end of wave (4) $ 1480.00-1481.50 is stronger resistance and...
EU bounced as expected in my Previous Analysis (click) . The retrace has been following the fibs quite nicely. It is now approaching some possible short entry zones. Looking for an exact rejection from a zone boundary. 1.10633-647 is immediate resistance and could be top of bounce. 1.10739-758 could catch a spike forming a Bull Trap or a Stop Hunt. 1.10859-887...