Pvgeldrop

Pvgeldrop

A brief idea today, for starters! I think the chart is rather obvious. In the present descending triangle, we might get either an ABC-pattern or possibly even ABCDE. Nevertheless, I'm going to go for a long position just above $100, provided the ABC-pattern hasn't finished yet. If LTCUSD breaks upwards through the triangle, then that is where I'll take that long...

Pvgeldrop

As I described in my previous post (), I was waiting for the present wave to develop before taking a position. At this point, I'm going bearish on the short term, with a target between $500-$450. After that, we'll move into wave 3. The present wave has dipped below its previous low of $538, and I haven't seen a double bottom on the RSI as of yet, confirming for...

Pvgeldrop Updated 

With the launch of its mainnet in a couple of days, Tron has become more popular a subject for analysis. I choose to believe, however, that the truth is in the price, so all PR and hype aside, let's see what TRXUSD offers as scenarios: Triangle with triangle For the past weeks, we've had one triangle broken to the upside, presently hidden in an even larger...

Pvgeldrop

In my previous idea , I showed three possible scenarios for TRXUSD in the upcoming period. When counting waves, I see both a bullish and bearish scenario. Bullish scenario - Running Flat TRXUSD might very well end its present correction as a running flat, after which it'll move into wave 3. If so, then this would be a good moment to go long as it's possible...

Pvgeldrop Updated 

** THIS IDEA IS PUBLISHED USING VARIOUS UPDATES, AS ITS LENGTH EXCEEDS THE MAXIMUM LENGTH FOR AN IDEA ON TRADINGVIEW ** ** PLEASE READ THE VARIOUS UPDATES FOR THE WHOLE ANALYSIS** The past few days, I have been taking a closer look at ETHUSD on the 1D and 4HR scales. In this post, I’d like to take you through my findings and explain how these translate to a...

Pvgeldrop

I believe that we learn more from our mistakes than our successes, so I wanted to share a mistake today. Though this may not be a trading idea as such, I thought this might be interesting to some readers on here. If it’s not, then at least it is a good way for me to describe the lesson I learned here, making it educational to myself. All in all, nothing lost...

Pvgeldrop Updated 

Looking at the BCHUSD 4HR chart, it seems to me that we're in a bearish triangle. It may possibly complete an ABCDE (or perhaps break even sooner) to make a move down to the zone of $1130-$1070. This would match the height of the triangle, and confirm to my analysis in an earlier, larger idea where I examined the complete present downwards wave 2 which, I believe,...

Pvgeldrop Updated 

Today I tried analysing BCHUSD and want to share my ideas with you. I'd appreciate any feedback or corrections to improve my analysis! Before I begin: please excuse my labelling at times, I am still learning the finesse of Elliot Waves and analysis, so bear with me if at times it sounds confusing. ;-) At present we seem to be nearing the end of a...

Pvgeldrop Updated 

Been counting this one for a while now, and it seems to me that we're nearing the end of a WXY correction on XRPUSD 240. The first ABC-correction didn't correct enough for the market apparently, so we had a large move down and another ABC correction, only to end up at the 0.618 retracement of the first wave. The end of Y might go a little lower even, ending...

Pvgeldrop

I'm rather new to technical analysis, but I wanted to share this particular graph and see what the community thinks. TRXUSD seems to be staying nicely in an ascending channel. This seems like a good moment for a long position with worthwhile gains, while minimizing risks. A tight stop-loss helps reducing risks, where I see a choice between Support 1 and Support...