Vollchaot

Vollchaot

I think BTC can correct further to the 50% Fib Level - then it will be back in the trend channel which it was in for weeks... Recent days look like a downward triangle. What does it mean in a general upward trend? (need to do some research about it...)

Vollchaot

Just playing detective work on the signals in the bitcoin-chart.

Vollchaot

Im new to this and learning about Elliot Waves and Fibonaccis. To me it looks, like the Correction in the bigger upwards trend of ETHUSD will last some more time... Felt very inspired by the idea of DLavrov (see link) to analyze a bit further on my own chart.

Vollchaot

I'm quite new to technical analysis, so please consider this more a try than some sign to invest big money. But I want to start a discussion: There are quite some people starting to treat ETH bearish now, but to me there are quite some indicators that it could turn again in the fibonacci 50-61.8% area, where there are also the trend line (as well as the old trend...