cryptcowboy

cryptcowboy

Palladium is giving signs that it starting to crack, so it has my full attention now. A return to wave 4 red would be the first clue that a deeper correction towards wave 4 blue is in the cards. Nice Bull market i must say. They all end.

07:41

cryptcowboy Updated 

The corrective pattern is slowing approaching completion and we are getting ready for the next bull market in Bitcoin. Pls share your comments and views below.

cryptcowboy

The mexican pesso is starting to show signs of a triangle completion on larger time frames and with the weakness exhibited by the Dollar index , this could be moving swiftly into a C leg as part of larger ABC pattern. Keep an eye out on this as things are about to get interesting.

cryptcowboy Updated 

Not expecting a large 5th wave here following the 4th wave triangle but is something to watch develop. The next 3 wave pullback should provide an opportunity for next long.

cryptcowboy Updated 

The price of bitcoin stagnates around 7400 without giving me enough impulsive evidence that we're off the low end. I would like to see a climb above 8000 level in a clear 5 wave pattern and ideally above the 9500 zone where the 200 sma currently resides. At the moment we are vulnerable for another low to possibly complete wave C of Y of 2. Like i said , if this...

cryptcowboy

The market is signaling an end to the 4th wave correction. Very clean pattern. We need a solid break above the trendline channel . 137.75 would be my risk control with a 150 target.

cryptcowboy Updated 

Lack of impulsive action from the price of bitcoin makes it vulnerable to further downside near term. We are hugging indeed the lower boundary channel and ideally we want to see a reaction higher from these levels or slightly below. There is a question of another 4th wave developing prior to completion of the larger C of Y of 2 in which case the final 5th would...

cryptcowboy

The bitcoin correction extended once more into new lows bringing this complex correction closer to the finish line. The solid 3k point rise ended up being nothing else then a B wave , which makes the subsequent drop as a C wave. Finished or not remains to be seen but the clues are coming in on smaller time frames. A conservative trader/investor would wait for a...

03:41

cryptcowboy Updated 

Bitcoin is teasing with new lows , but we're looking at it as corrective. Short video explaining the next steps ! Check out my profile for more detailed info.

cryptcowboy Updated 

Bitcoin price continues to retreat and I am watching the fib zones nearby to provide additional support . We are entering an area of structural support based on previous price action but so far the responses are pretty anemic. 9000 should now provide solid resistance so we need to get above that to start getting the engines warmed up. The trendline coming from the...

cryptcowboy

Bitcoin continues to pullback in what we think is a wave 2 correction . The most common pullback for a wave 2 is 61.8% of wave 1 . That is at 8400. Depending of the reaction we get from current levels we should be able to make an assessment on the upcoming 3rd wave impulse. I would continue to watch the upside zones of 9200 and 9600 alongside the down-sloping...

cryptcowboy

Bitcoin is correcting here the advance following the sharp rise towards 9700. If i am on the right track another leg higher should follow this correction. I just posted a detailed video on my YT channel, see my profile for info.

12:18

cryptcowboy Updated 

Taking a look at at some main cryptos that are showing signs of embarking on the next bull market ! see my bio for more info.

cryptcowboy

Ethereum seems to have completed the corrective price action with a retest of 150 level in what i consider for now a wave 2 pullback. If that's the case, we should now embark in the next phase of the advance which is a wave 3 structure. We have indications of an impulsive advance of the lows , that now needs to be corrected back towards 170 level . A considerable...

cryptcowboy Updated 

It seems at this moment that bitcoin has completed the 3 month corrective price patterns we were monitoring in my updates. The latest dip below 8000 proved to be short lived and terminal, the market was heavily short positioned as is often the case with last legs of a terminal wave. We are now on the lookout for more evidence that a bottom has been found by...

05:37

cryptcowboy Updated 

Bitcoin is approaching and working in establishing longer term lows . Let's be on the lookout for that evidence . Still neutral but i will switch to long bias as soon as evidence comes in. See my bio for more info.

cryptcowboy Updated 

Bitcoin has just about a month of sideways channel movement , the clear definition of a range. We will eventually break out of this pattern in an explosive manner. The present count suggests a low has been already reached but the price is not confirming . The lack of upside impulse puts the count on a weak footing, but until the 7800 level gives way , there is not...

05:27

cryptcowboy Updated 

Bitcoin market video review ! Important support levels but will they hold. See my Bio for more info.