Ingemkts

Ingemkts

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Ingemkts Updated 

I am inclined to the bull market (gray lines)

Ingemkts

Hoping for BTC keeps alive the bull market

Ingemkts

The orange option just in case BTC goes higher to 4500cny - 700usd more or less

Ingemkts Updated 

It should break up close to this point but if it retests the wedge's resistance and bounces then it likely wants to go to make support at 0.011 approx.

Ingemkts Updated 

A bullish triangle with major bearish implications which, for me, are being cancelled as it moves sideways up, building a strong support.

Ingemkts Updated 

Following the EW theory...this might be the 4th wave up.

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This could be the 4th wave down or the first part of the an impulsive wave up to make a double zigzag or the bullish rally continuation.

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18cny possible soon, if not, to 30cny in any case, then bullish rally continuation or the last correction to 8cny before going up

Ingemkts Updated 

Zooming in my last weekly chart to day-timeframe it is possible a triangle formation to complete the "b" wave. If we are into a bull trend since january then this correction should break down to continue a bullish rally thereafter. BUT if we were still into the bear market it would be very possible to see the price below 1500cny. Anyway in both cases it seems we...

Ingemkts Updated 

1. It seems we have a strong support at 2000cny, so price could hit 2350 to 2400cny as max. before going down because of the bearish trend (PURPLE dotted line which at the same time is a descending triangle ABCDE - bullish pattern ). 2. Price would drop because of the ORANGE expanding/ascending triangle (megaphone/wedge) - (bearish) ABCDE (diagonal). Ending...

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1st possibility: The GREEN abcde with target between 65cny and 80cny if this was a WXY correction (triangle) into an uptrend, otherwise 2nd possibility: The YELLOW abcde if it was the last part of the whole correction. This would probably finish at double bottom between 13cny and 5.4cny. 3rd possibility: The PURPLE abc that belongs to the BLUE WXY. Targets:...

Ingemkts Updated 

I made some adjustments as the bat pattern's targets, I improved the measurements. As we know LTC unfortunately travels according BTC movement. 1st possibility: the $2.51 that it made the last night might be an attempt to make double bottom, if so it just confirmed the 1st wave's beginning up to $3.7 at first, and the higher target could reach $8.6 more or less...

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The C point would be the 5th wave. Lets wait for...

Ingemkts Updated 

Next correction should hit 38.2% at least, above the purple channel even the blue one and re-bounce up.

Ingemkts Updated 

We are close to the end of this wave, therefore these are my possible targets. I had shared a chart yesterday but that has an error.

Ingemkts Updated 

If you need to know where we are now

Ingemkts Updated 

According to my analysis on a day chart we are still into the sideways "mode" (range between 300usd/2000cny and 240usd/1500cny more or less). Peaks might vary as my chart shows because I drew this chart more than one month ago. This is a WXY flat pattern.