JoelRBishop

JoelRBishop

After adjustments to my previous wave count and assuming that the ABC correction is complete around the 0.5 fibonacci level, new expected targets are $4.09 on a new Wave 1 and expecting Wave 2 to retrace back to around $3.34 which is the new volume profile POC.

JoelRBishop

Looking for the 5th wave to complete around $4 and midline of pitchfork. Then expecting a retest of the volume profile POC of entire move resulting in a correction back down to the golden pocket zone at around $2.94. Good luck trading!

JoelRBishop

Simple line chart to filter out the noise

JoelRBishop

EOS breaking out of the short term downtrend/pitchfork and beginning to make a new uptrend. RSI should begin to show new green candles soon as it has reset/bottomed across the 1-3d charts. The Commodity Channel Index should lead the way and show an earlier but more risky entry.

JoelRBishop

Interesting trend lines for EOS/USD and the Absolute Strength Index. Will the trend hold and continue?

JoelRBishop

Still looking to complete an edge to edge move within the kumo cloud on the 4D chart. Support currently holding at the bottom of the cloud as expected. Once we are back above the Kijun-Sen (Purple Base Line) and the Point of Control (Red Line indicated by the VPVR/Volume Profile) at $5.29, the target is an easy $12 as the long flat top of the kumo cloud acts as...

JoelRBishop

Looking back at my previous assumptions in regards to this Elliott Wave pattern and in combination with the Ichimoku indicator, I initially underestimated the depth of the correction and thought that we may have more support in the form of a Kijun bounce before making a move into the cloud and a potential edge to edge move once within the cloud. While still...

JoelRBishop

EOS has retraced the recent run from $1.54 - $8.71 directly into the 0.618 Fibonacci golden zone level at about $4.30 where most trend reversals can be expected occur. Does this complete the ABC correction? Will we begin to see a new Fives Waves Pattern? "In Elliott’s model, market prices alternate between an impulsive, or motive phase, and a corrective phase on...

JoelRBishop

After a TK Cross to the downside and finding support at the bottom of the kumo cloud, a potential recross to the upside would seem to be very bullish. The Stochastic RSI currently shows a buy signal with a cross potentially occurring at oversold levels signaling a possible reversal. Following the MAC-D Divergence signal on 6/30, a continuation would be bullish...

JoelRBishop

New weekly, monthly, & quarterly projected highs and lows are now available. Trade wisely! $9,400 seems like an excellent short term target. Weekly levels in white. Monthly levels in orange. Quarterly levels in red. #bitcoin

JoelRBishop

New weekly, monthly, & quarterly projected highs and lows are now available. Trade wisely! Weekly levels in white. Monthly levels in orange. Quarterly levels in red. #goEOS

JoelRBishop

EOS is at a very interesting price point around $6. Technical indicators currently showing as a good entry/buying opportunity. If the current price level doesn't hold, I would expect a move to about $5.15. Looking at the Ichimoku cloud on the 3 day chart with adjusted settings of 20/60/120/30, Kijun support has held and it looks like it would be a favorable time...

JoelRBishop

With the yearly high projected at $13,000, this is definitely not an area that I would be buying in. Looking at 2017 as an example, the yearly high can clearly be destroyed but I expect that 13k will at least be an area that will be highly tested as support and resistance. When using the Commodity Channel Index to print red and green background highlights to...

JoelRBishop

This chart looks ridiculously bullish. The orange colored candles are aggressive entry signals. The light blue colored candles are filtered entry signals. The last time these two colored candles printed back to back on the monthly chart, Bitcoin moved from $250 to $20,000. The first green bar has just printed on the MACD histogram with the MACD line about to cross...

JoelRBishop

After blowing through 10k, the fibonacci extension is showing 11k as the next potential take profit zone for Bitcoin. Passing that would lead us to a potential move to 12,150.

JoelRBishop

A measured move to 12.44 using the Fibonacci extension lines up almost perfectly with the top of the Kumo cloud (Span B) if price were to move into the cloud and begin an edge to edge move. Do you think we will move into the cloud first or test Kijun support and bounce into the cloud afterward? I'm currently neutral and waiting for confirmation in either direction.

JoelRBishop

I usually don't rely on pitchforks to make trading decisions but I do think that the standard deviations are interesting to look at in relation to different trend lines. Do you think that we follow the uptrend displayed here or fall back into the descending channels to test support?

JoelRBishop

EOS/USD shows a few bullish signals on the weekly chart. On 12/24/18, an initial entry signal was printed which seems to have indicated the change in overall market structure. This was followed by a bullish moving average cross around 1/21/19. The market is currently trending higher and showing strength according to the ADX indicator. With support around the...