This analysis is offered as an alternate view from all the moon callers. It could age very badly, but I'm good with that. The purpose is to share the idea, how I see this one unfolding in the near future. I have two scenarios. 1. TEL has finished its first move. (Primary) Why: - This impulse could be counted as five moves up - It has moved +100,000% off the...
I kinda thought this wouldn't go down to the .786, but it has found its way there. If TEL breaks the .786 & median wedge line (borrowed from the @themarketsniper, but probably not correct), then I'd probably wanna cut any position and look for a buy at zero. I believe it's possible for these low sat garbage coins to go lower than one sat. There's potential...
Moving sideways since 2000. Expecting one leg down to finish the correction. Buy targets on the chart. *Only an observation which could be 100% incorrect.
Presented in log but linear scale often provides a clearer picture of the count. Hence, I'm expecting a fifth wave in the near future. The correction from May-Nov 2017 looks to be of a lower degree, wave four of the third. Normally a pretty good level to build support for the fourth of a higher degree. Third is also 1.6 times the length of one (log). March 2020...
MACD cross on the monthly for BTSBTC. It has been a long correction for this one, a coin that had its run in June 2017, way before "alt-season". Potential megaphone structure, huge potential to the upside. BTC.D has finally broken to the downside. Everyone talking about DeFi, nobody talking about BTS. Liking this one for a long-term hold, aiming for Feb-21. I...
Alts looking pretty good here. Ties in quite well with the latest BTC.D chart. Notable volume coming in & the March close was pretty bullish. Expecting to see some big winners in the alt space. Good luck out there. *Not advice to put money into any old garbage, just an observation.
What a disaster! Thinking this is just the first leg with some positive news news approaching in the future. Once that news has been digested by investors and coffee breathed bankers, we'll surely see DB head towards the target of... well... zero. Good luck DB bulls if there are any remaining and if there are, they're going against trend, and could turn out to be...
FGR looking pretty decent here with only what looks like stop hunt at previous high, Graphene, super interesting and worth keeping an eye on! Certainly once the greenies are tired of their non-producing financial assests we'll begin to realise the utilty of graphene and everyone will want a piece of the action. friends, neighbours, colleagues will be discussing...
I heard that I could buy gold under a grand next year. Surely the same pattern will occur as it did from the 80s to 2000. Not sure that will be the case and not even confident these moves are connected in the slightest. Looking at other gold pairs such as GBP, AUD and EUR, USD is headed for the same fate, with a break of ATH around the corner. Personally, I...
I rarely look at fractal patterns, but the similarity of the pattern here on the Total2 chart is uncanny. The thought here is that we've completed wave one-three and are in the process of completing the fourth. That means there is a possibility of a fifth wave. Looking at the extension of wave three, I'd be pretty confident to say it will be the extended wave. so,...
Looks like XZC has been ranging since launch in a Flat Correction . I would expect that for this type of correction, we'll see a one-to-one extension of wave A & C. If wave C fails to reach the one-one extension, I'd consider it a double failure, which is quite rare but possible. With this in mind, we could see a further 35% drop in price against BTC. If the...
Idea is that Bitcoin dominance has been correcting the monster leg down back in 2017. This suggests the move up we've seen since the beginnings of 2018 is corrective. I believe the correction we're seeing is a Zig Zag so in terms of the likely end of the B-wave, anywhere from now up to the 0.786 are good candidates. The fact that it seems to be supported by the...
I've seen some charts depicting the move from basically zero to 20K as a five wave move. Looking at price in log scale can deceive. In linear however, that count doesn't look so good anymore. The chart is shown in log, but counted in linear scale. Thus, the true count is shown, and in my opinion, we've only seen a 1-2 and 1-2 of a minor degree of the third....
Zendesk looking pretty decent over the longer term. Expecting another leg up in this third wave with the fourth wave of a higher degree being a pretty decent buying op. I'm of the opinion that stock market perma-bears are going to get their butts handed to them over the next couple of years with both tech & green stocks leading the way. Only when your neighbours...
Recent price action looks to be a continuation of trend on DCR. The 38 has been holding up pretty well so far, with only a wick below. Struggling to see this hold though. I'd be looking for price to visit the 50 within the next couple of months. IF price makes it to the 50, I'd consider it a great op to get long. Against BTC there was a decent reaction at a...
B wave of correction made it past the .61 which is why I believe we're in a flat correction with a weak B wave, only getting to the .78. Thus, I would expect to see five waves down in this last leg. Targeting .61 minimum. There is confluence though at the .78 with wave C of the flat potentially reaching a 1.6 of wave A. Additionally fits well with the wave 2 of...
Yes, this may seem pretty far fetched in terms of price target, but hear out the following: 1. I took a look at DASH recently, so used the same extension from wave one-three (1.27). 2. My interest is in coins that have completed their first wave and heading into the third. DASH is more advanced in the move 3. Fib time looks pretty nice with the correction two-x...
If this is the count, the third is a 1.27 extension of the first (log). We saw a nice reaction at the 50, a good target for a fourth. If we're heading into a fifth I'd be looking at targets between 10-15k. Sounds ludicrous, but so did 1.5K. We could see a decent bit of sideways action through 2020 with things picking up towards end of year. I wouldn't want to...