NicoleRainey

NicoleRainey

Not what most people want to see. (Note that I'm still learning how these things work). Yet the data all points in one direction.. down. At least for a little bit longer. Using Elliots wave theory we have definitely done the A,B portion of the ABC correction, the question is "how low do we go?" for the "C" portion?. I have two boxes marked out. The first one is...

NicoleRainey

I want to hear some of your thoughts on this. To me it looks like we're completing another wave cycle and going through the ABC correction right now before we start all over again (around mid Jan based off this daily view). Thoughts?

NicoleRainey

12/27/18 at 7:40am eastern time Looking at Fib numbers for the LTC/BTC graph we appear to have retraced back 50% of the most recent trend and bounced off a support line. RSI suggests that we will most likely drop back to this support line before we see any upward movement as it is currently suggesting that LTC is oversold. With this in mind, there's evidence to...

NicoleRainey

BTC broke though yet another ceiling today which is now another layer of support as it continues to find a stabilizing point. We see another surge of volume greater than we saw yesterday 12/16/17 meaning we can most likely watch BTC bounce off of this new ceiling before coming back down. Keep an eye on the volume today, if we see some more big volume bars coming...

NicoleRainey

We saw a minor break though of the ceiling as we watch OMG fall back into it's channel. As BTC rises, I would expect to see OMG stabilize around it's major support line and bounce back off, starting a potential new wave cycle. Keep an eye on volume as we approach the support line as it may indicate whether OMG holds steady or falls under to the next channel.

NicoleRainey Updated 

Looks like we're coming off a "5" in the elliot wave IN THE 15 MIN scale. Meaning it's not a bad time to sell and buy back within the next few hours.

NicoleRainey

Just trying to get my thoughts on paper. As I learn more and sharpen my tools, expect to see my charts get more and more spot on.

NicoleRainey

We see a breakout of our initial triangle. Will it hold?