Even though the previous idea was banned for some kind of rules violation, it was successful. The setup was the following: Currently, all five waves of the pattern are in place, so I don't expect Bitcoin to go much higher than 9350 or 9500 (second resistance cluster). My trigger for going short is 9015. I will update it according to price action.
Bitcoin has been trending upwards since April 12. Under my Elliott wave model price is bound to finish wave (5) either in 8600+ area ( main scenario ) or just above 9000. I will update the chart as soon as there is a reversal signal.
Price has been coiling last night forming a Triangle pattern. The bullish breakout is quite possible, and we're setting up long positions just above resistance zone, aiming at 16 300 - 16 400.
Ether has more room for growth towards $900+. Bullish scenario is negated below $740.
Dash is set to finish its 5-wave move to the target of $972. Offers some 8-10% profit potential for buyers.
Previously, we projected growth towards $17 700 - $18 000 as part of final 5th wave of the impulse. At the same time, the chart contained an ambiguous segment, and so there were two options for adding new positions: Currently, yet another ATH is quite possible. I re-labeled the waves and put new labels on the chart. So $17 730 - $18075 remains the target zone. ...
The high-flying rocket IOTA, which broke the cryptomarket's charts in recent weeks with a whopping 260% monthly gain, is taking off again. This time we are setting up a short-term long setup, based on Triangle pattern, with 20-25% growth potential. It could make more - that's the nearest target. Risks If price drops below 4.10, the idea is no longer viable...
To cut the long story short, it is happening (at last). What are the targets? This whole flat period can be interpreted as Triangle in Wave 4. So the target is, at least, the new ATH above 0.3988.
Early signals Right now Bitcoin Cash 8.33% is breaking loose from it's price channel , getting closer to the edge of Triangle pattern . Trend-following systems have already provided early buy signals. Confirmation The breakout pattern will be confirmed when price climbs above $1595. Invalidation Price drop below $1230 will eradicate my bullish bias here.
Previously, we anticipated new ATH and made bets on how much higher price will go. The pitchfork channel setup allowed for some 5%+ deals: Forecasting Currently, there is room for more growth towards $17 700 - $18 000 zone. This is suggested by wave structure, which looks incomplete - final 5th wave is due. The problem with this chart is that the segment from...
The recent sell-off in Bitcoin may benefit it's Cash spin-off. The price is making attempt to break beyond the pitchfork, putting downtrend in danger. To me, the break of 0.1045 level will be a trigger for buying here with some 20% upside potential.
Previously, we made a bold attempt to short BTC with a tight stop of 3%. It was unsuccessful: Bitcoin futures debut at CBOE was grand. CBOE's website went down just at the launch, and the exchange had to halt trading twice to 'inhibit' the bulls. Currently the futures (XBT) are trading at 17 680 (+14.35%) - higher than Bitstamp and Coinbase prices. This contango...
Previously, we were looking to capitalize on the next leg of correction, which began on Dec 8. It was likely to take the form of either Flat (3-3-5) or W-X-Y 0.68% (3-3-3), and push the price down to $12 800 and below. Price hit the target quite fast: Now, as correction has been confirmed, the price should drop to the next target of 12 000. Watch the minor...
Previously, we entered a long position as part of "buying the dip" strategy. The trade was marginally succesful, as it didn't reach the second target of $16 147: Forecasting This time we are looking to capitalize on the next leg of correction, which began on Dec 8. If this correction progresses (yet to be confirmed), it is likely to take the form of either...
Bitcoin price dropped nearly 20% today. And yet, the uptrend remains intact with 15743 and 16147 being first targets. The correction took the form of a Flat (3-3-5). When the price broke beyond the pitchfork, it triggered my buy orders.
Which could be a more profitable alternative to holding BTC now? I suggest paying attention to Monero (#9 by mkt cap). A classic bullish Triangle pattern is developing here. There are two approaches for trading this setup. The first is more risky and suggests going long on break of the trendline at 0.0193. The safer setup is going long on break of 0.020.
Previously on the show, we opened long positions anticipating new all-time highs. This turned out to be a solid deal from $8243 to $9300. Presently, BTC is sliding downward. We anticipate a deeper correction and keep $8500 in sight.
Previously, we opened a short position @8170, which was supported by a bearish triangle breakout: The price dropped 3.6% and reversed @7890 support. Depending on timing, some traders took a profit or closed out @breakeven. We now have to adjust to market conditions and get ready to go long BTC for new ATH.