RyanPal

RyanPal Updated 

Can long now with S/L at 6280 ish. Main idea is to short the wave 2 top. Targets marked. Goodluck

RyanPal Updated 

Count is largely based on Godly's EW count. But I have included some intrinsic changes based on careful analysis. Mostly in the subwaves of the triangle. Overall retracement type is a double zig-zag. ABC - ABCDE triangle (X) - ABC Most Probable target for end of retracement: 4640 If that breaks down, 2870

RyanPal Updated 

Most likely path based on confluence of EW targets

RyanPal

Chart says it all. Can take many years to develop.

RyanPal Updated 

Bearish Divergence on Monthly Chart as well as Daily Chart. Expecting a bear market now. Also rhymes with the Bullish price action on USDINR chart.

RyanPal Updated 

Self Explainatory Some bullish fuel still left. Expecting bearish action after that.

RyanPal

Your vote doesn't matter, ouch!

RyanPal

So, we did end the c wave at 1.23x wave a But, we didn't end the correction on any fib level which seems to suggest that the correction might not be over. Although we are bullish for now (till 16k area i expect), but we the bears may return. Some signs to watch out for: strong reversal after a 3rd wave up (c wave), we are currently in the first wave hidden...

RyanPal Updated 

Purely based on confluence of EW targets

RyanPal Updated 

Freedom is an illusion

RyanPal Updated 

Too early to call it the end of wave C in this time frame but it seems like we are there. What should follow is consolidation followed by the next impulse wave (1-2-3-4-5) to new ATHs in the coming time. Note: Quite a beginner at trading and this is my first published idea ever, would appreciate constructive criticism.

RyanPal

A quite speculative prediction. Bottom will be reached around 7th of April at price of around 2800$ (trendline touch, trendline might need to be readjusted slightly ofcourse) Lets see :)

RyanPal Updated 

Hi all, I would like you all to have a basic understanding of how waves (Elliot Waves essentially) feel like. Impulse waves (the 1, 3 and 5 you hear of quite often) are generally easier to "feel". See the chart for example. The fall from 11.7k to 8.3k was pretty easy to detect as a downtrend. There is little scope of confusion during these waves. Corrective...

RyanPal

Looks like we are back in the established channel and going to test the lower trendline.

RyanPal

Quoting investopedia: Having a series of three consecutive doji candles is extremely rare, but when it is discovered, the severe market indecision generally leads to a sharp reversal of the given trend. Read more: Tri-Star www.investopedia.com Also, 4h rsi is overbought along with bearish divergence on 4h rsi(6) and bearish divergence on 1h, 30min as...

RyanPal

We bounce back from the this downward trend line once again, and if we see the repeating pattern, bounces off this trendline have resulted in massive downfalls. Also notice a resistance at 60 on 4hr RSI. The bounceback also came from 9k which holds a strong sentimental value. Lets see if we find strong support and can attempt to break the line again (which would...

RyanPal

Potential Inverted H&S pattern on BTCUSD. Position Type: Short Entry: $8250 Target: $7200 SL: $8500 Lets see how it plays out

RyanPal Updated 

Looks like we are about to have a pullback. Short at $8600 with stop loss at $8800. Target: $7900