If we continue doing what we have been doing for the past month, we pretty much bounce in this channel. Check out the RSI and the Aroon.
...then a repeat of todays run up for part two of the NYC meeting.
This chart has nothing to do with the fundamentals of bitcoin, I don't care about any of it, I'm just following rules of elliot wave, and making targets with common ratios. It may hit one or two targets, it may hit none. I don't care, I'm just sharing.
Looks like we will find next support around 4.25, which is also 0.618 of wave A. That RSI was at 11 today on the 3 hour....I expect the bounce up to be just as violent. Target depends on how C wave plays out, but 7.62 is a full copy of A, and 9.73 would make a 1.618 move.
An interesting find. All of these moves in this consolidation all work perfectly with the Fibonacci Ratio. Each move follows the ratio perfectly, getting smaller and smaller. I even measured the individual waves in each matching pattern, and they ARE ALL the same. This Mandelbrot stuff got me trippin yo. NATURE
It looks like we have one more wave to go before a correction. Watch for when we get close to this upper channel for the end of wave v
Im counting a flat, into a triangle on NBG. This chart indicates there should be a significant move nearing the end of Feb/early March. This also sync's up quite well with my Fib Time discovery a few weeks ago () Getting excited....
the time frame target is a complete guess based on 1.618 being a common time ratio with wave (i) wave iii's tend to over shoot the channel often, so as silly as it seems now with this dreadful volume, it could happen.
Will see a nice top close to 8.00 next month. All elliot chartists can see this. Easy as pie.
Just some more ratios I noticed. Here is my guess if the pattern continues: However, a pattern can't go on forever can it? Edit: Oops, B3 should be labeled A3, but whatever, you should get the point.
Just sharing an observation. The previous waves is the same length as its (previous wave) x 0.618 Everything in the triangle pretty much is within the fibonacci ratios, even time/bars. Should expect something very soon **oops, i left a few extra time bars in there that serve no purpose. The "178 bars,3d 17h" around the 8th and the "97 bars,2d, 30m" are not...
What a fun stock. Target $12 - $14 end of Feb/Early March
Just a test for myself. Predicting 873 on stamp in 21 hours. Lets see how it plays out
Just a test for myself. Predicting 873 on stamp in 21 hours. Lets see how it plays out
Without any good news to bring us back up, we are going to continue going down. Descending triangle is a clear bearish sign, as bulls fail to make higher highs. The "strong support" around the 800 (stamp) that the bulls talk so much about can only hold for so long... Here is a potential target: Do my charts help you out? Encourage me to keep them coming :)...
This could be a bearish descending triangle as we continue failing to reach new highs. I currently have no position as I am waiting for confirmation to break the bottom of the triangle, but just wanted to share with you. We could also bounce of the bottom of the triangle for a strong push upwards....confirmation should happen in about 24hr. Do my charts help you...