Manifested

Manifested

Looking at the 6HR Ichimoku Cloud (doubled settings), it appears the Kijun acted as the support leading into the double top. Currently this seems to not line up with the 0.5 fib, but rather the 0.618 fib. Possible secondary target of $15,500 for BTUSD before bounce.

Manifested

I figure now is the time for ridiculous end of year predictions so I'm just posting this in case it turns out true. I'm making a lot of assumptions and this is just for fun, so please don't take it seriously. Assuming BCHBTC stays in this parallel channel AND BCHUSD exits the current pennant at the furthest possible point, I calculated a few scenarios based on...

Manifested

An alternative to my previous post. This would assume that ETHUSD distribution is still early on in stage B and has yet to confirm as either distribution or re-accumulation or neither.

Manifested

Albeit not the cleanest C&H (v-bottom), it is holding true on the 0.5 fib line right now. This makes for a low risk stop-loss (around $5.45) since this would invalidate the pattern. The C&H PT is roughly $6.75 and the 1.618 fib extension is $5.75. *This is not intended to be trading advice, and should not be taken as such. You should do your own analysis and...

Manifested Updated 

Wave 4 should never cross into wave 1's price area. Following this logic, if we are to assume we are in an impulse period, we are in wave 3 and it has just ended or we will dip to ~$212 before recovering to ~$245. The final wave will likely bottom out between $125-$185 before recovering. *This is not trading advice, simply my thoughts on the current market*