Following my last BTC EW count, BTC is most likely still in wave 4.
So far it formed possible ABC correction, currently sitting at 0.382 retrace of wave 3 which is quite common area for retrace in "bull" market.
Note that weekly candle will close in around 3 hours from now. There is very strong resistance at 15000$. BTC was not able to close weekly candle...
Following my previous TA on BTC, BTC could be forming asceding triangle with current price action. This is bulish pattern especially in uptrend. According to EW count in previos post, we could be expecting
wave 5 of current uptrend. With this two bullish signs showing up, I believe there is a chance to form another leg up.
Measured move from asceding...
This is my EW count on current BTC situation.
I believe that we are currently at 4th wave of 12345 impulsive waves up.
As you can see from the chart, BTC formed a perfect 3-3-5 zig zag correction(following all of the EW rules). "Double bottom" at 9100 levels were wave 1 and 2 (IMO), second bottom was actually little bit higher so it CAN be...
EOS had a very nice run of almost 400% (!!!) profit back in April. It faced correction phase after top was reached. Corrected all the way down to 0.5 fib support which happen to be at the long term uptrend support line!
EOS found some good support at that zone and since than is is in nice and steady uptrend. Currently it is fighting with 0.238 fib...
OMGBTC POSSIBLE TRADE SETUP:
OMG is currently in the final phase of correction. Indicators are showing some nice bullish signals, meaning we could see trend reversal anytime soon. It formed double bottom patteren and bounced right up to 0.618fib resistance.
Also take a look at beautifull trend channel which is respected from early december 2017! This channel...
I want to share my thoughts and observation on BTC.
As we all know, BTC was rejected at 10k$ resistance. After that rejection, BTC dropped all the way down to the 0.786 fib support of last cycle.
0.786 is very common area for trend reversal. When 7100$ bottom was touched, there were some clear signs of bullish divergence on RSI and MACD indicators on...
Proabably one of the safest buy right now, as you can see from chart OMG came down to the bottom line of uptrend channel.
OMG touched that channel 2 times on the downtrend line and everytime that happened, we saw a huge run to the upper line.
BUY 1460 - 1400 satoshi
1) 1620 sat
2) 1780 sat
3) 2200 sat
I will keep you guys updated!
Good luck! ^^
As we all know, ETC airdrop is comming in few days.
I'd wait till we can confirm new bullish run before following my targets.
Those are just general idea how i see price moving in next day(s).
I will keep you updated during the run!
NOTE: if you hold any ETC I''d suggest you use my first target ( sell around 0.0038 area) because there is strong...
I've been looking at the ETC chart for quite a while now.
Looking at the Elliot Waves on 4hr chart, it seems like ETC just finished 4th correction wave and it's preparing for last, 5th wave. It could go up to around 0.0045 sat in next week or so.
MACD and RSI are also showing some positive signals.
Also, we have just entered our last cycle ( I draw the...
According to Brandon Kelly's method, ETC seems to be breaking out of last cicle.
As you can see from chard above, we have alredy finished break out and break down, currently in flat line phase. (Red lines on the chart)
Both, MA 7 and MA 77 have alredy crossed MA 231, which is good sign. Even better, MA7 just crossed MA 77 so I think that we can expect long run...
First of all let me tell you that I am not an expert in chart analys. I've not been doing this for a long time, I just really like charts since ever! :)
So, resistance line was formed back in november 2017, just bofeore the huge "mooning" point. We can see the 5 elliot waves to the top and then 5 correction one pointing into that resistance line. According to my...