Hello Traders, Let me take a quick moment to justify my charting. We failed to get a higher high just now, as such, we saw a clear drop, and this could now be the completion of our subwave 1 for our elliot downwards in our C wave correction of our larger 5 wave elliot that just completed at 9700. Even if we correct to 8700 - 8300 I'm confident we will...
Hello Traders, Taking a look at some alt coins today, with bitcoin at a point of apex and struggling to really bounce off the trend line keeping us in an uptrending channel we can start to see other coins that have had a nice run up looking to retrace now. Its important to recognize and be able to establish where those entry points are at. Hope these charts...
Lots of indicators pointing at a retrace shortly. On the one hour chart you can see a head and shoulders, double top. Approaching the neckline we can expect a drop. Looking for A reentry at the green box, which has confluence of horizontal support, .382 fib, and is the length of the body of the head for the head and shoulders projection.
Tron experiencing a nice 25% runup, I've taken half my earnings as profits and cashed then, expecting a retrace as you can see in my charts. Im looking for a reentry around 900. and one last wave up to 1322.
Its a close 50/50 call on which direction this could play out as the two elliot wave counts are both accurate and possible. Whats important is recognizing when a specific scenario becomes invalidated. The green box confirms our correction and we either see 8700 or 8300. 8300 is a 1:1 extesion. 8700 is a .618 extension of wave A and creates a double bottom....
This is my first time publishing an idea, but you can expect to see a lot more of me in the near future. As in, everyday i will post a video/publish a stream on bitcoins performance and if the TA changes as more data comes in. I do this full time and have a discord channel i own that you can access at www.thecryptoblend.com where i stream EVERYTHING crypto to one...