VDPants

VDPants

Over the past years I have been idly watching BTC like most of us have been. Short term analyses never meant all that much, and long term analyses are just hoping for good fortune I guess.. My belief is short term analyses are wishful thinking, and so are long term analyses. That said, I prefer macro views over micro views. Market sentiment can change overnight,...

VDPants Updated 

So far we are still moving according to plan, as long as we dont drop back into the descending triangle or below. We seem to be holding the upper line as support for BTC which should be good grounds to enter the 3rd elliot wave which allows BTC to form a very solid Head&Shoulders. This would once more confirm the absolute bottom we saw June 28th. This is the...

VDPants Updated 

As called 2 weeks ago we would see a correctional movement. So far it has been pretty much spot on. Now according to the path I drew it should show green tomorrow/late romorrow/in 2 days, but we could most certainly drop just below 7.4k support regions over the coming hours. The next positive movement should take us into the next minute impulse wave (5), before...

VDPants Updated 

Update from Green trend expected to continue till above the triangle, then face Ichimoku cloud resistance, temporarily drop and move on to retest original Fib. retracement. All while still complying with Elliot Waves and nice Q3 allignment (don't forget about sentiment) :)

VDPants Updated 

As predicted earlier some minor correction waves (ABC) occured and formed towards the final shoulder of an inversed H&S pattern. Next target is back to the resistance at 11.3k followed by a movement to 12.1k. Green candles ahead!

VDPants Updated 

Very right descending triangle, similar to BTC but on shorter time frame. Soon we will test top of channel, have a small retrace and hopefully break the triangle into an impulse wave, ultimately challenging 0.382fib. Very little data to base this on though, but comparing it to a bullish BTC situation this might be pretty similar...

VDPants Updated 

UPDATED from Trade still active . Redrew some lines slightly to better align.

VDPants Updated 

Since the high in December, BTC has tested the 0.382 fib retracement twice, and failed twice. Confirming bear trend. Been testing the upper limit of a descending triangle since then. Right now we should be headed to high 6k's (~6.7k) to find bottom again. After support is found, we can attempt to break the triangle once more and head back to the 0.382 retracement!

VDPants

The correction waves happening could very well for an inversed head and shoulders pattern. After the correction we could see a challenge of the heavy resistance at 12.8k

VDPants

After recently breaking the ~11.4k resistance, the next target should be 11.8k followed by 12.8k. But not before a small correction occurs.

VDPants Updated 

As predicted, BTC bounced perfectly off of the 0.382 fib. Now to resettle in the uptrend channel and attempt again. This time BTC should break the 11.4k limit in order to continue uptrend coinciding with Elliot Waves.

VDPants Updated 

Update on previous chart. Added support levels and trend from september, october and november.

VDPants Updated 

Following fibonacci retracement BTC should continue uptrend till first line, and initially fail to break. Next attack on Fib .382 BTC should break it in order to continue uptrend.

VDPants Updated 

Following fibonacci retracement BTC should continue uptrend till first line and initially fail to break. Next attack on Fib .382 BTC should break it in order to continue uptrend.

VDPants

Time for BTC to enter wave 1 again?