Gloshawk

Gloshawk

ADA is at the bottom of the retrace and, given time this is a forecast of the next impulse ending in September 2022

Gloshawk

On. my humble analysis, I suspect the Elliot ABC retrace is now halfway. This idea fails if we have daily closes above the next four resistances Otherwise I hope to (re)acquire bitcoin in my golden zone. This will lead to the next impulse up - still on track to $60 000 + by end of year Regards Gloshawk 6 Feb 21

Gloshawk Updated 

This chart show the 'triangle correction' that was broken down recently. The downward channel that seems to have emerged & the resultant Elliot ABC correction that seems to be implied by price action since the retracement began. In the (unlikely) event that the channel trend continues we might see the bottom of this fourth wave towards the end of January or early...

Gloshawk Updated 

We are at crunch time! It will be unprecedented if BTC us able to break through the ATH trend line and hold over $32000. It last spiked this hard and was more overbought in Dec 2014. I've sold 33% of my bitcoin. I've decided to leave the balance on the table. Why break a winning hand? I really don't know what else to do...

Gloshawk

Premise- Trend lines derived from monthly close candles On this analysis the ATH was closer to $14,000, the current (downward) channel lies between the thick red and blue lines - the buy point is in the olive circle or if price breaks above the thick red depending trend-line, stays there convincingly and moves and holds above $10000 -$11000 - I'd buy with stops...

Gloshawk

I believe that this last 'bull' move is really just an Eliot ABC correction as shown and the next Impulse wave down has started (although there may be a short double top before it moves down). I genuinely think ths will be the last wave down ending in September. It will move sideways for a month before stating to clime back to the ATH. So I think we have another...

Gloshawk

So, I've redrawn, using log scale, showing elliot waves (at least one consensus of them) as well as the top and bottom down channels. Note on the log scale we have yet to break out of the downward channel (which we have on linear). At the moment I think we are simply retesting the 0,618. So I am 'hopleful' (because I'm long) that we will break colliding at about...

Gloshawk

Following the debate about scales I redrew this on 'log' scale. Surpriningly the downward trend line and the collar of the head and shoulder and price are about to collide any minute now. On the linear scale I had thought we had already borken out from the downward trend line. Does this mean we will have major resistace at this intersection, Possibly even a...

Gloshawk

Other posts suggest the botto was $7900 (ish). If true this would suggest a new impluse wave to confrm that the market has changed directions. Confirmation requires a five wave (if only three then we remain in the downtrend) here is early evidence of wave 5. This wave appears to have started and be headed to $10000 (ish)