cryptoritter

cryptoritter

What a day for ETH! Do you think we can trade that channel with some manageable risk for a little profit in the upcoming days?

cryptoritter

I'm with the bearish elliot waves here again. To me it makes sense as seen on the chart. Then we have this spreading channel looking kind of ambiguous to me, maybe breaking out to the top more likely than the other way. If it breaks out to the top, next resistance might be the first red resistance/trend line hitting major historical support on March 23rd.

cryptoritter

Just learned a bit more about elliott waves and applied this to BTC including a possible way this may be going. I took the trend channel range and looked for possible support marks as turn around points, knowing that this is highly speculative. Please note that I lowered the huge support/trend line a little bit way south against my previous ideas based on a more...

cryptoritter

Depending on BTC movement there might be a buy zone for ARK over here. I'd have a look if support is strong enough around here first. ARK has been relatively strong in the past weeks and days. But I'm short for a reason atm. Very strong fundamentals imho. One of my favorites mid and long term.

cryptoritter

Besides I'm bearish as f* atm, I see a Head & Shoulders here on the 4 h and Bitcoin scratching at a major support line. My parachute is ready to open. What do you think?

cryptoritter

Just some major trends & support-lines I'm watching. Following market cycles theory and the lines I think we may hit 1820 USD around 2018-06-07. Please note that I'm a newbie.