based on the Wyckoff Method, you can see that we are in Phase C of accumulation.
the "spring" period misleads retail traders who believe a price breakdown and a lower-low are imminent.
Test - The Composite Operator test the price for the last time. If there is a considerable amount of supply, the market is not ready to "take-off" and test may be on the way.
After a long two-month retracement and accumulation; Egld has currently broken out of the daily Asymmetrical triangle.
I'm expecting a measured move to a target price of around 309-325. I'll be dollar-cost-averaging 10% above all-time high resistances depending on the movement of BTC.
This is not financial advice, the chart is published for pure speculation.
Orange resistance lines are take profit target areas.
Please note, I am not responsible for anyone trading with this call. This TA is for speculation purposes only and sharing my ideas.
This is not financial advice.
Ethereum has hit resistance at the top of the channel.
If the channel pulls ETH back in, they expect a pull down to the lower channel.
Overal sentiments, still BULLISH on ETH.
Target pricepoints in orange.
This is not financial advice.
1 Day timeframe.
BTC is retracing from the 10k price point.
Here are your two buy zones for positions.
Stock market is down because of the coronavirus.
I'm expecting BTC and other Altcoins to do the same from the FUD in the news.
Buy zone one: Below 8500 - 7500
Buy zone two: below 6000- 5600
(This zone will only come into play if BTC breaks through...
Currently bullish as it sits above the Ichimoku clouds
if the candles break into this region, expect to see some consolidation until confirmation of a break out.
- Set stop-loss in-case the lower support breaks.
Resistances are your targets.
ideal buy zone hit on my previous private analysis.
*** previous entries***
Bitcoin has broken out of my channel and is currently held by strong support but still headed towards the bearish dump line.
If the bearish dump line breaks we will enter into the land of FUD & Panic. Expect people to sell out of their positions quickly to buy BTC at a lower price point.
8k -6.5k is the target if that happens.
Elliott waves aren't...
it's probably too early to tell, but from the looks of it. Power will begin it's consolidation on the 1 day support trendline.
Resistances are marked in the chart.
Candles have been testing the EMA 55 and the EMA 20 continues to ride above the candles. Expecting a reversal trend within the next couple of days.
IF the 1 day trendline fails, Expect to see Powr...
it's time to start accumulating $OMG
OMG has been holding up great support even with BTC's bullish runs.
-With higher lows, slowing climbing the bottom of the support trend line.
-I drew out the projections of the EMA 20 & EMA 55. on the 1 Day chart.
-When both EMA's cross, it will be a confirmation for a new bullish trend.
First targets are marked as...
I"ve been watching OMG for the past month and a half. It has been heading towards the C mark of the Elliott wave.
I marked the buy areas inside the target. I, personally am going all the way with OMG.
I expect OMG to reach my support trendline.