We have a potential breakout! This is long awaited.
I believe this may be the first impulse wave as it retraced perfectly back to the 61.8% fib level.
I have constructed the worst-case Elliots impulse wave for the best scenario.
Let's see what happens... will it breakout?
XRP haters. Please before you break your keyboard and p*ss your pants, please just appreciate this is an analysis.
XRP fans. Please before you ejaculate over your keybaord and keyboard bash, please appreciate this is not a guarentee.
I love you all, please appreciate this analysis and let me know what you think, I would love all your feedback.
Hey BTC Army. Bye BTC Army. Hey BTC Army. Bye BTC Army. Even I'm confused, you guys are changing your mind faster than the weather here in Melbourne.
I wasn't good at English at school, so please use my graph to determine my predictions.
Please comment below!
THE GRAPH SAYS IT ALL!
BTC broke out of a short term wedge yesterday... down.
We are now onto the last long term support we have. If it breaks this, I don't see much hope for our beloved BIT$.
Breaks support -> SHORT
Bounces -> LONG
Please let me know what you think... comment below.
<3 Sebastian Klopfer O_o
Watch this space as XRP finalises it's wedge. We have support from the current long term channel plus completion of the D point on two wedges approaching the consolidation area.
Could we be looking at $7 targets or a drop down to previous support?
Sebastian Klopfer O_o
BTC has broken out again!
Don't go clicking the buy button without hesitation, we need to surpass the PRZ (Potential Reversal Zone) derived from a previous resistance in order to guarantee an upwards trend within the pitchfork. There is also a possibility that it uses the PRZ as a resistance and uses the lower fork as a support.
1. We surpass...
AUD/USD has been in an overall bearish market this week. We received our final drop for the week. Lets ride that pitchfork today.
LONG if bounces of support.
SHORT if breaks support.
Good luck and happy trading!
BTC PRICE MOVEMENT - WEDGE PATTERNS
Once the wedge pattern completes, the Rising wedge that follows provides evidence for an increasing rate of buyers surpassing the increase in rate of sellers.
We have two potential reversal zones. If the price breaks the first wedge, then the price will break support. If it uses the wedge as a support, then we have a firm buy...