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Looking at the BTC chart, we are in a Flat Correction. This is similar to the first correction after the high in December.
Also, I have noticed that when BTC corrects it is fairly short and only retraces between 38.2% & 50% Fibonacci Levels.
The highest recent retrace was 61.8% after the First Wave 1 since the bottom.
I expect WAVE C to finish its correction...
As you can see in my chart, we have now completed waves 1 & 2. Wave 3 will now begin and I'm expecting the wave to extend to the 1.618 Fibonacci Level or 1.382 at the very least. We had an Irregular correction which allowed Wave 4 to go into the price area of Wave 1.
We have just went through an extended correction which means we will have a strong move once...
I believe CHK could be starting to turn the ship around from it's year over year declines. There is also a big oil & gas conference in Texas this week. This is a low-risk trade with big upside potential. The demand for global oil is continuing to rise. Once the surplus ends that we currently have this stock is bound to take off. The chart is starting to show a...
NASDAQ:APEN saw a break out today and the move was impressive. I believe we saw the first Minor 5 Wave Cycle in a longer trend. We should see and extension of today's rally because WAVE 1 & WAVE 2 broke the Fibonacci Level of 1.618. APEN has been in a long Decline since 2008!
Key Fibonacci Extension levels that I am...
Ok, LTCUSD is currently in the final stages of WAVE C in a Double Ill-regular Correction. I warned about this type of move in my first post and it has come to fruition.
So, the main questions is where will it end?
If we look to the first illregular correction WAVE C ended at the Fibonacci Retracement level of 2.618 or...
I have decide to update my original idea. I still still believe in my $228 & $245 Targets for COINBASE:LTCUSDbut we had an irregular correction. I’m on an iPad so I will let the chart do the talking. So, the only real difference is the timeline which is now 3 to 5 days.
Stay thirsty my friends,
LTCCOINBASE:LTCUSD ended it's correction with a simple ZigZag Correction. We are now into the 3rd Major Wave, which is expecting a price target of COINBASE:LTCUSD 245.25. If this wave exceeds COINBASE:LTCUSD 245.25 we are in for an extension which could be 200%+ retrace levels of the inner wave 1.
Timeline: 1-3 days
Stay tuned for updates.