bdfadmnriz

bdfadmnriz Updated 

Reached my first profit taking target. What concerns me is that the volume is not corresponding with the price. Eos announcement in a couple of hours. Koreans hyping up the price? Need to wait and see this irregular pattern unfold.

bdfadmnriz Updated 

I am not a fan of complexity. And as you can see, the internal structure of EOS looks very choppy. Unpredictable! The nature of this correction looks like some sort of irregular flat pattern. (Which has an elongated B wave) This shows that market wants to head in the direction of B, which is up. However, as long as it remains restricted within the channel, we...

bdfadmnriz Updated 

I am a Hodler for Ripple since the early days but this looks like a good opportunity for newcomers to get in. Classic A-B-C correction and a hidden divergence (Bullish) Look out for the break of the purple trend line. Should indicate that xrp wants to move up. And be cautious of the break of the support, just in case.

bdfadmnriz Updated 

We have broken out of the corrective channel. See previous idea : We see a classic A-B-C correction. Price tightening up sideways. Break of the support means it might go down again to test the lows. Watch for the break of the resistance and newer highs.

bdfadmnriz

We spotted a shooting star candle on 4th Jan. The next two candles could not close higher, yet! Eos needs to breach the channel and create higher highs. Macd Hook will confirm if it is coming down again. They delayed Dawn 3.0 launch from Jan 31st to the last week of Feb. I assume that is the reason for the bearish sentiment. Anyways, market indecision.

bdfadmnriz Updated 

After we hit the significant top, it was obviously time for a pullback. There is clearly a downward impulse pattern with truncated (failed) 5th wave. Fall was too big eh? After that we see some classic zig-zag formations. Turns out to be an expanded flat pattern. Market wants to move in the direction of the B wave.

bdfadmnriz Updated 

That easy? Maybe. Bitcoin's character is FRACTAL in nature. Ever heard of the term? The non-scientific explanation of this fractal character is that wave patterns that show up on long term charts are identical to, and will also show up on short term charts, albeit with sometimes more complex structures. This property of fractals is called "self-similarity"...

bdfadmnriz Updated 

Looks like a flat pattern. Needs to break out of the horizontal resistance and also the limiting channel. OR ELSE, coming straight back down to test the lows!

bdfadmnriz Updated 

That was a pretty heavy pullback. But it was needed in order to go higher! I'm looking out for lite to make higher highs ! Could potentially be on a big bull run, considering it breaks out of the all time high!

bdfadmnriz Updated 

We are probably gearing towards wave 3 (larger degree). Need to break some resistances! As we all know the signs will be obvious (ex. high volume/high momentum/all indicators go crazy etc)

bdfadmnriz Updated 

I personally love the EOS project. The team behind it. EVERYTHING! The explosive run after the rounding bottom breakout did not surprise me at all. In fact, it should more runs like in 2018. I am here to discuss the nature of EOS. Mark possible supports/resistances and anticipate future targets based on the Elliott Wave Structure. More on the update section :)...

bdfadmnriz Updated 

Impulse wave

bdfadmnriz

Price above 60 MA and symmetric breakout. targets channeled / fibo 61.8% and 100%