I post this because I want to archive it as probable (I dont have a pro account so I cannot save charts). It is more to bring it back later than a 100% certitude that it is the current pattern.
I was saying in my anterior BTS post that we have a unidentified structure. Dont work tonight, got time to extrapolate, so my hobby is to open Elliot Wave Theory...
Im Simon, amator TA in crypto sphere. I train my method with Elliot Wave. I would watch the behavior after we touch the 1.35 price lvl or honestly just watch right now behavior.
The current structure correspond to many guidelines of the irregular/expanded flat ( i project a 2 lvl irregular flat) ;
• A corrective 3 waves move labelled as ABC : yes
Im Simon, amator TA in crypto sphere. Some call me seasoned expert. Anyway, Im exporting what Ive learn from Elliot Wave Theory to other market than cryptocurrency. I did some training on DJI with successful streaks of calls. See here :
Otherwise, im 99% TA in...
So all the work time spent on the impulsive waves hypothesis has been done for nothing (see last BTS post). I expect a little bounce but no bigger pattern to help define precise target. I still maintain that BTS has saw the end of the correction in August, still that doesnt mean an immediate bounce up.
I love the fact that 1D MACD seems to have found a...
Cant post. Problem with the website saying Im not writing in english... I cant fully write down the idea.
Same view as last week. Saying i was looking for a double bottom on 1D MACD:
Was expecting an ABC retracement in this post. Discarded this a...
So today Im making all my mid term target as you can, I have made almost all my calls on what I follow the most. BTSBTC charts showing a clearer picture of the current pattern that I did not spotted on the BTSUSD chart.
I suggest to follow them together since I will update one or the other. Again thsi chart look bullish. I discern some micro impulsive...
One of my secret holding. Ive discovered it by hanging on Iota board a year ago.
What is MOD (modum) (taken from their website) : modum offers application-specific services for supply chain monitoring with a focus on the pharma sector. Our services leverage technologies, including IoT sensor devices, smart contracts on the blockchain, and...
I propose a step by step TA for this move. BTSBTC bounced exactly at the target zone but in BTSUSD i had a better entry so I hodl.
BTSBTC last update :
From this post :
BTS seems to...
So to following of anterior projection, still valid, precise and exact :
On coinbase less volatility conducted on the lateral extension of the trend line but the behavior remained the same. we bounced a little...
To follow up on the short term scenario here ;
I still expect an almost full retracement as indicators promote this idea :
Im not fully ready to name it major 1-2 since I think the...
I pretty much called last post of IOTUSD end of cycle. At 0.60 or so IOT will have break major resistance which will be the signal I have in this chart to be almost 90% sure it will be very bullish as a result.
The first structure i project to be the ratio 1 of the cycle match perfectly the ratio of the wave of my last post. In other words, I said that...
So lets take a break of counting under 4h charts. Too much micro count lead to at more margin of error because fractals mean pattern in pattern in patterns.. to the infinite (e.g. : 1-5 in a 1-5 in a 1-5/ ABC in an ABC in an ABC, etc.). Lets just keep it very simple for this time. Since i started counting every micro count under 4h charts I literally see...
Heres my short update. NO count for now. too much volatility so I wont spam charts with all the possibilities that comes with.
And yes this impulse could be considered as a part of more major one but retracement has been too agressive so i discard it. I put it as simple impulse with full retracement to support
IOTUSD seems to have completed all levels. Every rules (as far as I know) are respected. From ABC to double zig zag to 1-5 waves every aspect of the theory are respected. If you look some of my last post i already did take positions but im aware of a little subewave 5 which would complete the B of our current structure. I did expect a last subwave 5 in...
Everything seems in place to conclude to a near end of the correction. Only this part i had difficulties. I reviewed the theory for some hour. We have a double three structure, a three, an another double three structure.
The rules for this WXY :
• A combination of two corrective structures labelled as WXY
• Wave W and wave Y subdivision can...
So as the support broke, the stop loss triggered. Nice utility when you have 2 probable scenario. I wanna say hi to the new few followers. if you were not there before you surely dont saw last week post :
I said bulls was leading this week but risk...
Im Simon, amator TA in crypto sphere. I saw the news about DJI and I was thinking i might try to apply my understanding to the DJI chart. It looks very bearish IMO. Bearish crossover is imminent on the weekly and monthly
its seems that the 2 lvl 1-5 elliot waves are in with indicators strongly correlating with a potential deep correction towards 1W...
Just a summary of my anterior BTCUSD post. I explain deeper the arguments behind this bullish projection. Many updates make it harder to follow sometimes :
If we break 6.8k or so (daily MA100)we definitely going bullish toward 7.4k (got other higher targets but want...