Still staying short, thats for sure. Do my charts help you out? Encourage me to keep them coming :) (BTC) 1LcA9fbYyuYQBtWhRyxFfXkJNMDYmNMMVj
A little while back ago, I noticed this reoccurring "flag" pattern. So I decided to take a step further, and see if these patterns had any relationship with the golden rule. I applied Fibonacci time zones and noticed an amazing pattern. One time zone remained flat in price, while the next one had a very significant price increase right in the middle of the fib...
I think we will have one more push up before another small correction 1st target 1019 2nd target 1042 If my charts ever help you out, and you feel like donating :) BTC: 1LcA9fbYyuYQBtWhRyxFfXkJNMDYmNMMVj
This is what I am betting on happening for the rest of the week. I am watching wave 5 carefully as it might not go down as far as I want it too. If the fear starts to slow down tonight and tomorrow, then I expect some some truncation, and we might start to bend back upwards.
If we have indeed started a bearish trend downward, then in about 9-10 hours of sideways movement, I expect I push to the downside to about 800 before correcting back to 900. If we happen to pop up instead of down, then I have a buy order triggered at 970 as that would suggest we still have some more upside - possibly to the ATH. But sticking bearish for now
Is it happening? EDIT: I drew the C wave around 200 because according to Elliot, C wave is always at least the same length (or more) as wave A. However, that is just a guideline, and not a hardcore RULE. I do expect us to *at least* fall to where the A wave was $450. Edit 2: As some others have pointed out, I may have had my count wrong. The (V) may be only a...
Just picked up a long position at 940, so I hope so. Lets see how this pans out the next few hours
Elliot wave professionals out there, I really need help with this one! Here is the National Bank of Greece on a long term Log Scale. We are still stuck in a downward channel, but I can't for the life of me figure out the Elliot count for this one, particularly near the end. Anyone out there have any suggestions?
I have done some math to upgrade the precision of my c wave ending diagonal. Wave 5 (or e) must not be longer then the length of wave 3 (c) The length of wave 3 (c) is exactly 277.00. I got that from subtracting the top of wave 3 (837.00) from the bottom of wave 2 (610.00) 837 - 610 = 227 Currently as I publish this chart, the top of wave 5 is around 916. The...
Here is a bearish scenario for you to chew on: Wave 4 is currently lower then wave 1 which is a classic tell we are in a ending diagonal. Mixing this bearish sign with my secret fib prediction, I expect us to *at least* see 500's again. I was expecting us to climb up to 920 (see last chart) but now that I have seen this ending diagonal, I'm turning into a warm...
This is one of my favourite stocks. Im extremely bullish on solar this year and next (as long as we entire market as a whole holds up) We are currently on a bullish wave 3, but we have become extremely overbought in the short term, we also bounced off the 50% fib from the previous bullish trend. I expect a fallback to 6, then a decent wave 5 up. I don't have a...
If we break 830 resistance on gox, (which it looks like we will in the next few hours) my next target is both previous resistance at 920-940 and my next fib
As expected after yesterdays rally, we will see a little selloff before we breakout tomorrow. We may bounce off the lower BB, then shoot up.
If elliot is correct, I believe down to 500's soon. However, If we break the upper trend line around 700, I expect the complete opposite....but I still feel we are still going to resume our downtrend. EDIT: update:
Looks like a growing, repeating pattern of the same thing.
Might be a good time to enter soon. We are looking pretty oversold right now. Should be a decent pop if we break resistance around 6.40.
Im sick of hearing people in chat always complaining about "weekend sell offs". Its a myth. It happened one weekend, and ever since people say weekend always drop. Who would take profits during the weekend when it takes 1 year to withdrawal from GOX anyway. The past 5 weekends have resulted in a 30% gain.
Same chart as but made for BTC China, as Gox's API is currently down.