GerardWalker

GerardWalker Updated 

Hey guys good evening just another bitcoin update here Bitcoin appears to have completed 5 impulse waves already which means we are expecting a deeper correction to occur for wave (ii) impulse Full confirmation below 85xx LETS GOOOO

GerardWalker Updated 

So far we have met the minimum targets of this correction i recommend buying with a stop below wave (i) for both bitcoin and ethereum either we go sideways from current prices or we go straight up full confirmation with the break of the blue channel

GerardWalker Updated 

Hello guys its almost a month where i recommended to exit most of the traditional stock markets several red flags appeared already this year that shows the imminent collapse of the US exonomy This year started with the fears of Iran war followed by the escalation of the corona virus epidemic Now even the global leaders are hiding the stats of this virus telling...

GerardWalker

Short sellers have been rekt the past couple months after shorting the consolidation This time however price has shown first signs of exhaustion with multiple gaps that need to be filled Clear five wave impulse with the extended 5th terminating at 4.27-4.618 extension of the first wave

GerardWalker

Massive inverted head and shoulders reversal emerging for this privacy coin here Big opportunity for printing unlimited $$$$ Accumulate below $50 Do it for your future generation PUMP IT

GerardWalker Updated 

If we are forming an impulse here then we would assume a potential 3rd wave to be emerging at current prices tight stop at the orange level

GerardWalker

This is a warning for everyone involved in stocks and indexes the collapse of the financial system propped up by endless QE is looming in the corner crisis can happen at anytime during this decade

GerardWalker

Slap yourself if you got swayyed into buying bitcoin because of IRAN vs USA narrative Bounces here are corrective and we are under higher timeframe moving averages We will dump harder than anyone anticipates\ do not buy into this ponzi

GerardWalker

bias remains up still although i am expecting a minor correction and sideways consolidation in the region of 7300 before a markup to 7800 -8000 to complete this diagonal . alternate option to be considered for the bearish count would be this triangle . It's quite risky for purchase at this moment so wait for triangle...

GerardWalker

Triangle scenario is the most probable for $ETH before capitulation to 2 digits after 2020

GerardWalker

Theres only two options here imo either price is developing in what appears to be a leading diagonal/ or diagonal for wave (c) up to 8k or price can be consolidating in a running triangle as a continuation pattern for further downside Bullish levels marked in green Bearish under 6.8k (Red)

GerardWalker

Option (i) would be a running triangle in progess for (b) wave of (Y) Option (ii) would be an emerging leading diagonal with wave (ii) in progress Option (iii) would be a simple inverse head and shoulders reversal Critical levels marked Break of the .618 level (6.8k) then we sweep the lows to 5.5k Break green then we can see price challenging 8.8k or possibly higher

GerardWalker

Bitcoin Fractals DE JA VU anyone? Current market structure is similar to July 2018 this pattern is quite valid as the volume profile seems to be confirmed for both shoulders with the head being higher If it follows this fractal bitcoin will pump to 8.8k-9k! Bulls are going to take this battle up to 9k imo to close this monthly as a green doji

GerardWalker

safe to enter shorts once the highs of 7.8 are swept or when we start to see a wedge forming Invalidation above 825x

GerardWalker

Price now at golden pocket (0.618) if this chart is right we are almost done with the short term correction. Bulls need to pump the price up very sharply soon( at a minimum of $400 pump for confirmation) and the beginning of a movement up to atleast 8250 -9k(optimistic target) invalidation below 6.7k if you arent in a position i recommend entering after full...

GerardWalker Updated 

from an elliot wave standpoint it appears that we are forming bearish impulses current one being wave (i) of (v) of (c) Very similar to last years structure

GerardWalker Updated 

Price has been expanding in a downward fashion inside a large descending channel Based on Elliot wave Rules the structure of this movement can be interpreted as a complex correction (WXY) Short term it would be ideal to retest 7800-8200 to form the (b) wave of (y) after which i am inclined for the correction to continue Invalidation of this count would be a break...

GerardWalker

It Looks like a diagonal is forming (possibly leading pulse of (c) I will assume for now that the correction will continue unless the logarithmic green downward channel is broken Short term relief rally should begin at its max in the next 2 days