If price breaks the cloud it will more than likely pump to the 1.618 extension fib. For whatever reason the cloud is perfect on the 15min timeframe. This is not trading advice, trade at your own discretion, I am posting this to keep a log of different trades.
Cheers and happy trading
sorry for the double chart, thought I had formatted it before posting.
The ending of the last bear market was an ascending triangle that retraced to the .786 level, re-tested, then took off out of the 3k range...let's see if BTC repeats history...
Not making any calls, but will be interesting to see if this plays out
I decided to do a quick Elliot Wave on a W ETH chart, and this shows ETH may still have one more final leg down. This is a nice pump, but I don't believe ETH will break out here.
This is just a theory with approximate and not exact targets or dates. Your opinions or criticisms are welcome.
Just realized wave 5 should be a bit shorter in theory.
BCH broke out of a bullish wedge-possible target of 45%.
Place SL at retest level or bottom of the wedge.
Breakout volume is lacking so target may not hit.
This is not financial advice, trade at your own risk.
We are in retracement territory, and BTC has been hovering around the .5 retracement level, but we still have to finish wave C to complete the retracement. If the flag breaks down I might short until the .618 level to play it safe...if it breaks up then the retracement would be considered fulfilled and will go long for a nice wave up...If anything after the...
I think this is a path BTC may take. Final E wave up to 4.1k range, then a dump down to 2.2k range. I'm thinking of shorting from the peak of wave E. I am not a financial advisor so don't take this as trading advice, all criticism is welcome as I still have a lot to learn. Happy trading, be safe everyone!
Hello everyone, hope everyone is having a great weekend. Decided to post this W chart of ETC, looking like a good buy in a few. I'm not an expert, I like to find long term opportunities to possibly enter the market and swing trade. What everyone's perspective?
Thanks for looking!
Hello everyone, hope you are having a great weekend.
I decided to update my ETH Ascending broadening wedge idea, thinking that this might be the E wave(last on up instead of D). My last publish was thinking the wave labeled D is actually E, but we will see how it plays out. Thinking it will either breakout where the red arrows are. Once again this is a long term...
This is my first publish so all constructive criticism is welcome. It looks like ETH has formed an bullish expanding triangle/ descending broadening wedge with this current leg up forming wave D. This is a long term perspective, what does everyone think?