cryptowaveman

00:38

cryptowaveman

Looks like possible wave C. Bullish on CCJ

00:30

cryptowaveman

looking for AAL to correct little more

00:37

cryptowaveman

SPY looks to be heading to a wave 5 ~315 to start next larger move upwards

00:46

cryptowaveman

I lay out the 3 scenarios I see going forward. most likely it looks like we have started a wave 3.

01:30

cryptowaveman

I outline what targets I'm looking for in a move 4 and final wave 5 of this impulse.

cryptowaveman

Nice correction off of a somewhat weak 5 wave hitting the 1 to 1 AB BC ratio as well as a wave B moving to 2.0. Waiting to see how if this reacts like a wave 1 and gets to blue .618/.764 and looking for good entries.

cryptowaveman

Looking for another move down to complete the blue wave iv and then continue upward with rough guesses of where it will go based on most recent information. If it breaks below the .764, I will turn more bearish, and will be looking down if it it goes below the blue wave i.

cryptowaveman

Waiting for another move up to reach around the 5th wave. Still a possibility that the 206 was an A wave and looking for another low to complete the 4th wave. Expectation at this time is that 4th is complete.

cryptowaveman

Previously I was looking for another low. Based on the current structure, I've turned more bullish and looking up. Based on this assumed wave 1, I've outlined what I'm looking at BTC to progress. Now is a possible buying opportunity somewhere in this correction with a ~$7,200 stop. LTCUSD is at a similar stage.

cryptowaveman

I'm looking for another low around the ~$5,000 area to complete this correction. Watching to see if this move gets above $7,800 and for a 5 wave impulse to turn more bullish but it looks corrective right now. Still in same range for LTC/USD correction as stated in my previous post.

01:59

cryptowaveman

I go through my bullish and bearish scenario at this price. waiting for a 5 wave off of previous low to turn bullish. Waves 1 and 4 did overlap which technically invalidates my count. However, based on BTCUSD and how volatile LTCUSD is, I am still short right now and have the 108 as a wave 3 and waiting for a wave 5 to $~70

cryptowaveman

Moving down on the fibs the wave 1 of 3 hit .764 and wave 5 of 3 hit 1.764. Right now I'm looking for it to go to 2.618 based on these fibs. Don't like that the wave 3 of 3 looks to be the shortest of the 3, but with it hitting fibs I'm going to ignore for now. Possibility that 1.764 was low but expecting more.

01:06

cryptowaveman

I'm looking for one more low to bring us to the $108 to $70 range right now assuming this is a zigzag correction 5-3-5. Its hard to catch the bottom so I'm planning to start averaging in depending on what happens tomorrow and then wait for a impulse wave up/correction for a full position.

cryptowaveman

Still waiting for this sideways move to show me to look up or down. Waiting for it to break the black diagonal resistance line and retest for a buy in opportunity or correct some more. Stops right now if I were in would be ~175, ~172, ~165 depending on risk tolerance and if going long.

cryptowaveman

Still several lines of resistance to take out, but the impulse wave off of the $165 bottom and the resulting correction are looking good so far. I'm waiting for this wave one to hit at least the red 2 extension or green .618, which would be an interesting double top... After that, it could get explosive with a 3rd wave within a 3rd. Looking to the downside, I...

cryptowaveman

My previous post I was neutral leaning bearish. I've turned more Bullish based on: 1. Seeing the .618 (blue fib) withhold and double bottom 2. Stopping at the 1.0 extension instead of a continuation through (red fib, taken from the A to B to a potential C (red 1.0 3. Current Price action I'm looking for areas of entry and watching to see how this first wave...

cryptowaveman

Watching to see how this wave develops. Staying on the sidelines for now. I'm leaning short and seeing it breaking under the previous low based on assuming the previous move down is a Wave 1. Going to wait for a impulse move up before looking to enter unless it progresses well on the downward extensions. At that point, I'll look at entering around the 2 to 2.618...

cryptowaveman

LTC/USD failed to validate my highest probability option I presented yesterday with fibs not being hit and not breaking above the $220. I remain bullish at this time but cautious because still could be looking at another lower low to $100. Right now, I'm planning to buy a position in the .5 to .764 blue fib range ~$175-157. If it moves up before that, I will wait...