All right, here we go.
This can still be a complex WXY pattern but honestly, I don't like this count. If so, reclaiming green line = bullish.
Reaching the 161.8% would be bearish and buries the WXY.
Are you ready? Let's go!!
I can count 5 waves down on the 15min so, I know that we'll see more bearish action in the future. How deep? Well, at least to <18
There is also some bull divergence on the 15min timeframe. Will we bounce soon? If correct, I expect a complex/sideways pattern with $21.8 as resistance followed by new dump.
ZEC was a clean impulse higher with bearish divergence and decreasing volume in the fifth wave.
The next few days will be interesting. Especially when we lose $57!
The first area of interest will be $46-$50. Holding the $46-$50 area with bullish divergence means that we'll see another cycle high. But a move like that will surprise me.
ETC is pretty clear and my previous warning was a top call. It would seriously surprise me if we'll see a new cycle high (>13.181) during the next few weeks.
This is just a reactionary bounce that will fail around $10
Somebody told me on social media that you can count the move since Sep 2019 as an expanded flat and by the looks of it, he/she can be right.
• A corrective 3 waves move labeled as ABC
• Subdivision of wave A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Wave B terminates beyond the starting level...
I don't have much time but I really wanted to point out that I can see bearish signs on ETHBTC.
The impulsive move (5 waves up) since the start of this year looks about done. Besides, I can spot bearish divergence on the daily and hourly timeframes.
A reversal lower wouldn't surprise me at all if you consider both highlighted facts. How far this...
We are back with a new interesting trade! Yesterday was a very profitable day because BNB reacted as expected. It went down and we scalped some longs along the way down.
This time we don't trade BNB against tether. Instead, we will use the BNB/ETH pair!
We think that ETH can outperform BNB with +- 9% so we will switch some BNB to ETH and buy it...
Yesterday, we warned on twitter that ETH would correct but it seems that this correction could be over already. It kinda looks like a flat because we can count three seperate waves with C=A. However, this pattern can still turn out into a descending triangle (see example). Something that would result in a little more sideways action.
We converted some BNB into tetherus because we think there is a good chance that it will come down a little during the next couple of days. It went up pretty hard and fast so a small retracement seems right at this point. Especially with bearish divergence on several timeframes.
Keep an eye on these major support zones
Zone 1: 11.47
We are back with an update on Bitcoin. Earlier today, our call to short BTC seemed a bit unlucky but these things can always happen. Only paper traders never make mistakes! And before we forget, we only lost a very small amount. Elliott wave is an excellent tool for risk/position management. If you know what you are doing, you can use it to cut...
Earlier today, we have shared on our Twitter feed, that it’s really hard to be bullish at the moment. Let’s discuss why.
First and foremost, we want to point out that bear markets often take much longer than the average person thinks. We are very skeptical about the many reports in which 'top traders' or 'experts' state that we have hit the bottom. Our Elliott...
Hello crypto traders,
We are back with an update on Fetchai! Our stoploss got hit on Saturday so we concluded that something was wrong with our idea. We decided to wait until we saw better opportunities. We really think that this is the moment of truth for Fetchai!
This crypto asset declined eventually in a nice ABC zigzag pattern. It's pretty common that a...
BINANCE:FETUSDT just became impulsive which means that we will see more upside in the near future. But before that can happen, it needs to retrace again. We will buy FET back when it penetrates the 0.41-0.42 zone.